Can $SHIB Reach $1 in a Single Surge?
To determine whether Shiba Inu (SHIB) can reach $1 in a single surge, it's essential to first understand the current supply circulating in the market. If SHIB's circulating supply decreases by 99% compared to its total supply, thereâs a strong possibility that the token could indeed hit $1 in one swift move. This scenario would require the circulating supply to drop to around 5.6 trillion SHIB. However, for this to happen, the remaining supply would need to be locked away in offline or hardware wallets permanently. Furthermore, this supply would need to be converted into dollars, other currencies, or bonds outside of exchanges through banks. Governments would have to take immediate action on a large scale to ensure this process and provide investors with the necessary assurances.
Another scenario where SHIB could surge to $1 is through a significant increase in inflation. If inflation rises to such an extent that SHIB's circulating supply becomes negligible, the token could also hit $1 in one quick move.
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