The dream of Shiba Inu ($SHIB) reaching $1 or even $0.01 is a topic that often occupies the minds of holders, but how realistic is it? To reach $1, SHIB would need a market cap of $589 trillion, based on its circulating supply of 589 trillion tokens. This is far beyond the total global GDP, making such a target practically impossible. Even if 90% of the tokens were burned, leaving 58.9 trillion, SHIB would still require a market cap of $58.9 trillion, which remains unreachable. A more realistic goal is $0.01, which would require a market cap of $5.89 trillion, a figure closer to the total crypto market cap during a bull run. However, achieving this would depend heavily on continuous burns and the development of real-world utility through projects like Shibarium, ShibaSwap, NFTs, and DeFi.
Key factors influencing SHIB’s potential include token burns, which reduce supply and create scarcity, and the successful adoption of utility-focused projects. The SHIB Army’s passion will certainly drive hype, but lasting growth requires substantial real-world applications. Additionally, favorable market conditions, such as a strong bull market, could push SHIB toward $0.01, although reaching $1 seems implausible under current circumstances. In conclusion, while $1 is unlikely due to the astronomical market cap requirements, $0.01 remains a possibility if token burns accelerate, adoption expands, and the broader market trends in SHIB's favor. The journey to $0.01 has begun, and the SHIB Army is central to shaping the future of this cryptocurrency.
