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Can Shiba Inu Reach $1? Why It’s Unlikely
The question of whether the Shiba Inu (SHIB) memecoin could reach a value of $1 has intrigued many investors. While this milestone seems unlikely due to SHIB’s enormous total supply, a significant growth of 200–265% isn’t entirely off the table if SHIB breaks out of its long-term compression range, much like Ripple (XRP) did.
Why $1 for SHIB Is Unrealistic
The total supply of Shiba Inu stands at 590 trillion units, meaning that at a value of $1, its market capitalization would amount to $590 trillion. This far exceeds the estimated global wealth of $454 trillion as of 2024.
Such a market cap is therefore beyond reality. However, if SHIB mirrors XRP’s movement and breaks out of its long-term compression triangle, it could achieve substantial gains.
SHIB’s Potential Growth Following XRP’s Pattern
Ripple (XRP) previously saw a 400% increase after breaking out of its three-year compression triangle. SHIB is now approaching a breakout from its four-year compression range.
The estimated breakout target is $0.000114, representing a potential 265% gain.Short-term targets include early 2024 highs, approximately $0.000065.
The weekly RSI indicates that the trend is strong but not overheated, confirming room for further growth. Historical data shows SHIB peaked locally when RSI values exceeded 80, such as in 2021 and early 2024.
SHIB’s Supply Dynamics Support Growth
SHIB’s supply levels on exchanges suggest growth potential.
In 2021, selling pressure (supply on exchanges) was 220 trillion SHIB, while it has now dropped to 144 trillion SHIB.A lower supply on exchanges means less price pressure, enabling further growth.
Interest in SHIB is also bolstered by a rise in active addresses, indicating increasing demand. While active addresses haven’t reached 2021 or early 2024 levels, a sharp increase in users could drive significant price growth.
Conclusion: Growth Is Possible, but $1 Is Unrealistic
While Shiba Inu will not reach $1 due to its massive supply, a 200–265% growth is achievable if SHIB breaks out of its long-term compression range. Key factors include demand levels and market supply dynamics. Despite being a memecoin, SHIB remains a focus for investors due to its growth potential.
#shiba⚡ , #Shibalnu , #memecoin🚀🚀🚀 , #MemeCommunity , #priceprediction
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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Why $1 for SHIB Is Unrealistic
The total supply of Shiba Inu stands at 590 trillion units, meaning that at a value of $1, its market capitalization would amount to $590 trillion. This far exceeds the estimated global wealth of $454 trillion as of 2024.
Such a market cap is therefore beyond reality. However, if SHIB mirrors XRP’s movement and breaks out of its long-term compression triangle, it could achieve substantial gains.
SHIB’s Potential Growth Following XRP’s Pattern
Ripple (XRP) previously saw a 400% increase after breaking out of its three-year compression triangle. SHIB is now approaching a breakout from its four-year compression range.
The estimated breakout target is $0.000114, representing a potential 265% gain.Short-term targets include early 2024 highs, approximately $0.000065.
The weekly RSI indicates that the trend is strong but not overheated, confirming room for further growth. Historical data shows SHIB peaked locally when RSI values exceeded 80, such as in 2021 and early 2024.
SHIB’s Supply Dynamics Support Growth
SHIB’s supply levels on exchanges suggest growth potential.
In 2021, selling pressure (supply on exchanges) was 220 trillion SHIB, while it has now dropped to 144 trillion SHIB.A lower supply on exchanges means less price pressure, enabling further growth.
Interest in SHIB is also bolstered by a rise in active addresses, indicating increasing demand. While active addresses haven’t reached 2021 or early 2024 levels, a sharp increase in users could drive significant price growth.
Conclusion: Growth Is Possible, but $1 Is Unrealistic
While Shiba Inu will not reach $1 due to its massive supply, a 200–265% growth is achievable if SHIB breaks out of its long-term compression range. Key factors include demand levels and market supply dynamics. Despite being a memecoin, SHIB remains a focus for investors due to its growth potential.
#shiba⚡ , #Shibalnu , #memecoin🚀🚀🚀 , #MemeCommunity , #priceprediction
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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