🚨SEE WHY $SHIB WILL NOT EVEN HIT 0.1$ IN 20 TO 30 YEARS READ FULL ARTICLE TO UNDERSTAND 👇👇👇
The idea of Shiba Inu ($SHIB) reaching $0.1 or even $1 has captured the imagination of many crypto enthusiasts. However, when analyzed from a financial and market perspective, this scenario appears unrealistic. Here's why:
Market Cap and Circulating Supply Explained
The price of any cryptocurrency is determined by dividing its market cap by its circulating supply:
Price = Market Cap ÷ Circulating Supply
For $SHIB to achieve a price of $1 or even $0.1, it would need a corresponding market cap far beyond the scope of the current crypto market.
Comparing $SHIB to Bitcoin ($BTC)
1. Bitcoin's Market Cap and Supply:
Bitcoin launched with a fixed maximum supply of 21 million coins.
After over 14 years, Bitcoin has reached a market cap of approximately $1.85 trillion, making it the largest and most dominant cryptocurrency.
2. $SHIB’s Circulating Supply:
$SHIB has a circulating supply of 589.26 trillion tokens.
To achieve a price of $1, $SHIB would need a market cap of $589.26 trillion. This is astronomically higher than Bitcoin's market cap and the total value of the entire cryptocurrency market.
The $0.1 Scenario for $SHIB
Even for $SHIB to reach $0.1, it would require a market cap of:
$0.1 × 589.26 trillion = $58.93 trillion
To put this into perspective:
The entire global cryptocurrency market cap is currently less than $3 trillion.
Achieving a market cap of $58.93 trillion is nearly 20x the size of Bitcoin's current market cap and far exceeds the valuation of most global industries.
Why $SHIB Cannot Achieve These Market Caps👇👇
1. Sheer Market Cap Impossibility:
Cryptocurrencies are valued based on utility, adoption, and market confidence. $SHIB's valuation relies heavily on speculation rather than unique utility, making such massive growth unlikely.
2. Global Economic Constraints:
The global GDP in 2023 is estimated at around $100 trillion. Expecting a single cryptocurrency to exceed half of this figure is unrealistic.
3. Comparative Performance:
Over 14+ years, Bitcoin, with its revolutionary blockchain and finite supply, has achieved a market cap of $1.85 trillion. It’s improbable that $SHIB, a meme coin with a much larger supply, could reach tens of trillions in market cap within decades.
4. Current Market Cap:
$SHIB currently has a market cap of $14.49 billion, which is significantly lower than the required trillions for either $0.1 or $1. The gap is simply too large to bridge.
What Can $SHIB Realistically Achieve?
While $0.1 or $1 seems far-fetched, smaller price gains are possible through:
Burn Mechanisms: Reducing $SHIB's circulating supply can increase its price, though this would require massive and sustained token burns.
Increased Adoption: Utility-driven adoption in areas like payments or decentralized applications could support incremental growth.
Market Speculation: Temporary price spikes due to hype or market trends can drive short-term gains.
Conclusion
The numbers speak for themselves: for $SHIB to reach $0.1 or $1, it would need an astronomical and unprecedented market cap that far exceeds the valuation of Bitcoin and even the global economy. While $SHIB has a dedicated community and some growth potential, investors should temper their expectations with market realities.
Cryptocurrency investments are inherently speculative, and understanding metrics like market cap and circulating supply is essential for making informed decisions.
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