For Shiba Inu (SHIB) to hit $1 per coin, given its current supply of 579 trillion coins and a market value of $10 billion, it would require a massive reduction in supply or a huge increase in market capitalization.
Here’s the breakdown:
1. Current Situation:
Supply: 579 trillion SHIB coins
Market value: $10 billion
Current price per coin: USD per SHIB coin
2. To reach $1 per SHIB coin:
If each SHIB coin is valued at $1, then the market capitalization would need to be:
\text{Market cap} = \text{Supply} \times \text{Price per coin}
\text{Market cap} = 579T \times 1 = 579 \text{ trillion USD} ] This means the total value of all SHIB coins would need to reach $579 trillion, which is far larger than the entire global economy.
What needs to happen for SHIB to hit $1:
1. Massive supply burn: If the supply is drastically reduced through a burn (e.g., reducing the supply to a few billion coins), it could increase the value of each remaining coin.
2. Unprecedented demand: A huge influx of investment and demand would need to flood the market, which is highly unlikely at the current supply levels.
In short, SHIB hitting $1 without a major supply reduction is practically impossible due to the required market capitalization being far too large.