Click here to claim your free reward đđ đ Metamask's $SHIB token faces a significant hurdle in reaching the ambitious $1 mark due to its massive circulating supply of approximately 589 trillion tokens. Achieving a $1 value per SHIB would require a market cap of $589 trillion, which is highly unlikely.
To reach this price, over 99% of the circulating supply would need to be eliminated through token burning. If the community and ecosystem team could burn 99.83% of SHIB, the total supply would be reduced to 1 trillion tokens, allowing for a market cap of $1 trillion, comparable to Bitcoin's current valuation.
However, the required token burn is enormous, making this scenario highly unlikely. While theoretically possible, the chances of SHIB reaching a market cap of this magnitude are extremely low.
Here's a simplified summary:
- SHIB's massive circulating supply (589 trillion tokens) makes reaching $1 difficult
- Achieving $1 would require a market cap of $589 trillion, highly unlikely
- Burning 99% of tokens could reduce supply to 1 trillion, allowing for a $1 trillion market cap
- However, the required token burn is enormous, making this scenario highly unlikely. #SHIBAUSDT #Shibainuholder
