(SHIB) became one of the major memes in the world of meme-coin but the most important question remains – will it ever be worth $1? While it is exciting to fantasize that all your SHIB investments will become a remarkable sum, it is safe to say that there is no way $SHIB will ever get to $1 any time soon.
Let’s ground ourselves on why that is unlikely to happen in this decade and try out two interesting companions of SHIB that will likely go to $1 in five months.
The Dream of $1 $SHIB : Why It’s Unlikely (For Now)
Shiba Inu has an astounding number of people who are willing to support this coin; it is however not easy to reach $1 without some serious market forces at play. In its current circulating supply, Shiba Inu has an unbelievable figure of 589 trillion tokens. To put this in perspective, the market cap for SHIB to reach $1 would be greater than the size of the entire world’s economy! That’s a little bit over the top if you ask me.
Even with burn events as one way to ensure that the number of tokens in circulation is lower than that of the previous time, the burn figures pumped have not been enough to make any noticeable improvement. Fans of the SHIB burn party believe that if they systematically burn tokens, the total supply will go down which will create an upward pressure on the price since people will want more of the scarce tokens.
There is no such thing as instant gratification in this game and that is disappointing for many optimistic investors who expect SHIB to take off anytime within the next year or two. Moreover, unlike some better-known digital currencies, SHIB does not have a purpose in the real world which would help create further value in the future. Shiba Inu has a lot of turning to be a viable asset rather than $1 because unless anything changes it is a very speculative asset.
But don’t worry. Here are two SHIB alternatives that could reach $1 in the next five months. Shiba Inu may not reach the stars this decade, but many projects provide something of value alongside a realistic opportunity to grow one’s investment. Here are two alternatives that are quite worth watching – those are Cardano (ADA) and Rexas Finance.
