When it comes to whether Shiba Inu coin can rise to 1 dollar by 2025, this really can confuse people.
Imagine, Shiba Inu coin, this cryptocurrency, at the beginning of 2021, was priced so low, only 0.00000000008 dollars each. Then it skyrocketed like a rocket, directly soaring to 0.000086 dollars by October that year, multiplying who knows how many times. If you had a crystal ball back then, and happened to invest, hey, 1 dollar could have turned into over a million!
However, some cryptocurrencies are genuinely useful, like Bitcoin, which many investors keep as digital gold. Shiba Inu coin is different; it just floats around based on people's thoughts, having no practical use.
As a result, by mid-2022, it fell from its peak, dropping over 90%. Although by 2024 it seems to be recovering a bit, the price is still only 0.000023 dollars, which is far from its peak, down over 70%.
But, you know, cryptocurrency sometimes relies on luck, and it could thrive again in 2025. So can Shiba Inu coin pull off another miracle and rise to 1 dollar each? Let me tell you, the answer will leave you speechless.
Based on the current market value, for Shiba Inu coin to reach 1 dollar, 99.99998% of the coins need to be burned, meaning out of 589.5 trillion coins, only 13 billion would remain. But just last month, only 2.4 billion coins were burned, which amounts to 28.8 billion coins in a year; that’s not enough!
Even more astonishing is that even at this burning rate, it would take 20,460 years to make Shiba Inu coin's price look like 1 dollar each.
Moreover, burning coins doesn’t mean you can make money. It just makes the remaining coins look more valuable because the trading price is higher. So, even if you truly live to see that time when all the coins that should be burned are burned, you actually won’t benefit much.
Recently, I plan to lay low with a potential coin that's ready to explode, doubling my investment should be quite simple. At the same time, I also plan to find some potential coins to hold until the end of the year, expecting a growth of over 10 times is not a problem. If you want to keep up, like and comment for a free share.
