🚨 Can SHIB Really Hit $1? It Would Take $10 Trillion USDT! 🚨
The dream of Shiba Inu ($SHIB) reaching $1 is thrilling, but let’s dive into the math and see why it’s a long shot:
Why $10 Trillion USDT Would Be Needed:
To see SHIB hit $1, its market cap would need to match its total supply—over 589 trillion tokens—resulting in a staggering market cap of $589 trillion. With USDT currently valued at around $118 billion, achieving this would require an incredible $10 trillion in new USDT—an 84x increase in supply. Printing that much would be nearly impossible without causing severe inflation and destabilizing global financial markets.
Why Token Burns Aren’t Enough:
Burning tokens can reduce supply, but it doesn’t solve liquidity issues, which are crucial for price stability. A smaller supply with poor liquidity would make the market more volatile, not necessarily drive prices up sustainably.
A Realistic Path Forward: Reducing Exchange Holdings:
Instead of burning, a smarter strategy could be for holders to move SHIB from exchanges to private wallets. This reduces the circulating supply and creates scarcity, which could naturally drive up the price while maintaining liquidity. This community-driven approach can make a real impact without destabilizing the market.
Achieving this requires collective action from SHIB holders, emphasizing the importance of reducing active trading volumes and building up private reserves.
What’s Your Take on SHIB’s Path to $1? Let’s Discuss! 🐕🦺💬
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