1. Understanding Current Metrics
Market Cap (MC): $14.16 billion
Formula:
Substituting:
Price Per Token (P): $0.000023
Total Supply (S): 589.51 trillion tokens
Market Dominance: 0.4552% (of total crypto market cap).
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2. What Would Happen at $1 per Token?
If SHIB's price were to increase to $1 per token, the market cap would be:
MC = Price \times Supply = 1 \times 589.51 \, \text{trillion} = 589.51 \, \text{trillion dollars}.
This is an unrealistic market cap, as it would exceed the total market cap of the entire global economy, let alone the crypto market (currently ~$3 trillion in bull markets).
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3. Impact of Burning Tokens
Token burning reduces the total supply, potentially increasing the token price if demand remains constant. To calculate how much supply needs to be burned to reach a price of $1 per token with a realistic market cap:
Assume a realistic target market cap:
Let’s assume SHIB could reasonably achieve a market cap of $500 billion (comparable to Bitcoin or Ethereum in bullish scenarios).
Using the formula , rearranged to find :
S = \frac{MC}{P}
For and :
S = \frac{500 \, \text{billion}}{1} = 500 \, \text{billion tokens}.
Current supply vs. target supply:
Current supply: 589.51 trillion tokens.
Target supply: 500 billion tokens.
The tokens to burn:
\text{Tokens to burn} = 589.51 \, \text{trillion} - 500 \, \text{billion} = 589.01 \, \text{trillion tokens}.
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4. Key Findings
To reach $1 per token with a market cap of $500 billion, Shiba Inu would need to burn approximately 99.91% of its total supply (589.01 trillion tokens).
Without a massive token burn or a breakthrough in global adoption, reaching $1 per token is highly improbable given current metrics.
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5. Other Considerations
Demand Growth: If Shiba Inu sees significant adoption (e.g., in payments, DeFi, or gaming), its value could increase without burning the entire supply.
Tokenomics: Regular burns (as already implemented) and community-driven initiatives like staking could gradually reduce supply and increase scarcity.
Market Sentiment: Crypto prices are highly influenced by speculation and investor enthusiasm, which could temporarily drive up prices.
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Just think about it 🤣 🤣 😉 😉
While $1 per token is practically unachievable without burning 99.91% of the supply, Shiba Inu can still see significant growth with steady token burns, strong community support, and increased utility. A more realistic goal might be $0.000031 or $0.0001 in the long term if these factors align.
For more analysis.. 🤪
Consult your Maths professor 😁😅😅😅😅😅🔥🔥
