SHIBA INU rises to $1? Can this dream come true? 🚨🚨
There are rumors everywhere that SHIBA INU (SHIB) is going to hit $1, but is this really possible? Let’s talk about the reality behind this cryptocurrency dream and what it took for SHIB to reach this milestone.
cruel market reality
The circulation of SHIBA INU is extremely large, exceeding 590 trillion pieces. If SHIB were to rise to $1, its market value would exceed $590 trillion! This is more than the GDP of all the countries in the world combined. Therefore, in the current cryptocurrency market, it is unrealistic to expect SHIB to rise to $1 without significantly reducing the supply.
Token Burning Challenge
Yes, SHIB developers are indeed burning tokens to reduce the supply, but it is a long and arduous process to burn them to the extent that they can significantly affect the price. For $1 to become possible, the supply would have to be reduced by more than 99.99%. Moreover, this depends on the community’s long-term persistence in destroying tokens.
Value depends on practicality, not hype
If SHIB wants to rise, it is not enough to simply destroy tokens, it must also become practical. Projects like ShibaSwap are a good start, but compared to other blockchain projects, SHIB still lacks practical applications. Without a surge in demand, partners, or practical use cases, there is basically no chance of rising to $1.
Lessons learned from meme coins like Dogecoin
Dogecoin has a much smaller supply than SHIB, and despite its popularity, it has failed to reach $1. Meme coins rely on trends and hype, but it is often difficult to achieve serious price targets because fundamentals cannot support market sentiment.
Reasonable price expectations
While some believe that through token burning and interest growth, SHIB could reach $0.01 or even $0.001, the dream of $1 is still too far away. It's important to keep expectations reasonable - SHIB's price may surge, but it remains a highly speculative asset.
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After several days of sharp decline, it’s time for BTC, ETH, SOL, PEPE, SUI, DOGE, WIF, FET, AAVE, and BNX to enter the market and ambush, otherwise you will miss this bull market! If you are still hesitating and confused , come to me to lay out, I will teach you how to put it away
