Shiba Inu SHIB: Can it really rise to $0.01?
Shiba Inu SHIB is currently ranked 12th in cryptocurrency, with a market cap of about $20 billion and a circulating supply of 589.26 trillion tokens. Although there is much discussion about token burning, many investors are dreaming of the day SHIB will soar and reach $0.01, or even $1. Let’s do the math.
Currently, SHIB is worth $0.00003256 per token. If we burn 1 billion tokens daily,
How long will it take to burn a massive amount of tokens?
Burning 1 billion daily amounts to 365 billion a year. By this calculation, it would take 1613 years to reduce the token supply to 1 trillion. Can you wait that long?
Now let’s look at the market cap:
If SHIB really rises to $0.01, its market cap would skyrocket to $5.89 trillion—greater than the combined market cap of Bitcoin, Ethereum, and most companies globally!
To reach this goal, we need to significantly reduce the token supply through burning, but at the current burning rate, that will take forever.
To put it simply:
The burning mechanism sounds good, but don’t expect immediate results. Even if we want to reach $0.01, we need a rapid token burning rate, or a global frenzy of demand and investment—this is essentially a gamble.
A word of caution: cryptocurrency is like a roller coaster, with significant ups and downs, and high investment risks. Before investing, make sure to research thoroughly, see what the market is like, and don’t blindly invest all your assets.
In the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential, with an expected growth of over 10 times being quite possible. If you want to make big money in a bull market, like and comment, and I’ll take you through the entire bull market!
