(SHIB) reaching $1. Here's a refined summary:
Key Challenges to SHIB Reaching $1:
1. Market Cap Constraints:
At $1 per SHIB, the market cap would exceed $589 trillion, which is over 450 times the global cryptocurrency market cap ($100 trillion). This figure is beyond current economic frameworks.
2. Enormous Supply:
With a circulating supply of 589.26 trillion tokens, reaching $1 would require drastic reductions in supply via massive token burns or extraordinary demand, both of which face significant obstacles.
3. Historical Performance:
SHIB's all-time high of $0.00008845 during the speculative frenzy of 2021 is far from $1, underscoring
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