In 2021, Shiba Inu saw an incredible rise of 45,000% from January to May, followed by a 1,500% increase, reaching its all-time high of $0.00008845 in October. While another rally like this could bring significant profits for SHIB holders, reaching $1 is highly unlikely. Here's why:
Large Circulating Supply:
Despite ongoing token burns, there are still hundreds of trillions of SHIB in circulation. For SHIB to hit $1, its market cap would need to surpass both Bitcoin and Ethereum combined, which is an unrealistic scenario given current market conditions.
Unique 2021 Rally Conditions:
The 2021 SHIB rally was driven by social media hype, meme culture, and a surge of retail investors. While these factors could help the coin rise again, it's unlikely the market will see a rally of the same scale, especially with more investment alternatives available now.
Even a 2021-Style Rally Isnât Enough:
Even if SHIB experienced another 45,000% surge from its current price of $0.0000154, it would only rise to approximately $0.00698, far from $1.
In conclusion, even if Shiba Inu experiences a rally like in 2021, it is highly improbable that its price will reach $1 due to its massive supply, increasing competition, and investors seeking more than just hype.#SHIBAUSDT $SHIB
