$SHIB /USDT BIGGEST OPPORTUNITY đ„
đ„Can Shiba Inu Reach $1 If It Rallies Like 2021?
In 2021, Shiba Inu experienced an extraordinary rally, soaring by 45,000% from January to May. After a brief correction, it delivered another impressive 1,500% surge, reaching an all-time high of $0.00008845 in October. While a similar rally would certainly be profitable for SHIB investors, the prospect of hitting the $1 mark in 2024 remains highly unlikely. Here's why:
Enormous Circulating Supply: Despite token-burning initiatives, SHIB's circulating supply still stands in the hundreds of trillions. For the price to reach $1, Shiba Inuâs market cap would need to surpass that of Bitcoin and Ethereum combinedâan unrealistic scenario, especially in the current market climate.
2021 Rally Context: The explosive 2021 rally was fueled by a mix of social media buzz, meme-driven momentum, and a flood of retail investors. While a similar event could trigger another price spike, itâs unlikely to match the scale of 2021, given the growing number of alternative investment opportunities.
Rallying Like 2021 Isn't Enough: Even if $SHIB were to replicate the 45,000% surge from its current price of $0.0000154, it would only reach approximately $0.00698ânowhere near the $1 target.
So, will $SHIB reach $1 if it rallies like in 2021? Unfortunately, the answer is no. The immense token supply, increased competition, and the need for more substantial use cases beyond social media hype make this target unattainable.
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