Shiba Inu (SHIB) is one of the famous cryptocurrencies in the "meme coin" category, gaining attention due to its large community and coin burning strategies. However, achieving a price of $1 in the next 30 days is nearly impossible. Let's analyze in detail based on the following real factors:

1. Current Price and Market Capitalization

  • Current price: SHIB is currently trading at approximately $0.00002926 (illustrative data).

  • Market capitalization: With a total supply of nearly 589 trillion tokens, if the price of SHIB reaches $1, the market cap would exceed 589 trillion USD – more than 6 times the global GDP. This is unrealistic, as even large assets like Bitcoin only reach a market cap of a few trillion USD at their peak.

2. Coin Burning Rate

Coin burning is a crucial factor in the supply reduction strategy to increase prices. Although SHIB has achieved a coin burning growth rate of 7,400%, with 2 billion tokens recently burned, the impact remains limited.

  • Supply reduction rate: 2 billion tokens only account for 0.00034% of the total supply of 589 trillion.

  • Time required: At this rate, it will take decades to significantly reduce supply enough to support a price of $1.

3. Market Sentiment

Meme coins like SHIB largely depend on:

  • Community hype: SHIB has a strong community and plans like Shibarium Layer 2.

  • Overall market trend: Although Bitcoin and Ethereum prices are rising, this provides only limited support for coins like SHIB.

  • Volatility: The cryptocurrency market is known for its instability, making long-term growth in the short term more challenging.

4. Price Performance History

  • Historical price peak: The highest price of SHIB reached $0.00008845 in October 2021, thanks to a major growth surge.

  • Comparison: Even in the strongest growth phase, SHIB has not surpassed $0.0001, proving that the $1 target is too far-fetched.

5. Real Growth Forecast

Based on factors such as ecosystem development and coin burning mechanisms, analysts set feasible price targets:

  • Short-term (30 days): SHIB could see a slight increase, reaching $0.00004 if the market is favorable.

  • Long-term: In the coming years, if the coin burning rate increases significantly and the project expands successfully, the price of SHIB could reach $0.01 or higher.

Conclusion

Achieving a price of $1 for Shiba Inu in the next 30 days is impossible, based on:

  1. Current price and market capitalization.

  2. The coin burning rate is still slow.

  3. Market sentiment depends heavily on the hype.

  4. Price history does not support such a strong increase.

For investors, it is important to maintain a realistic outlook while carefully considering risk factors before making decisions. SHIB has potential, but it requires time and long-term development to reach significant milestones.