Will Shiba Inu Token Really Hit $1?

The idea of ​​Shiba Inu (SHIB) hitting $1 is a topic of speculation, but many experts believe it is highly unlikely, due to several economic and technical factors. Here are some things to consider:

1. Circulating Supply: There are approximately 589 trillion SHIB in circulation. If SHIB hit $1, the market cap would be $589 trillion, which is several times larger than the current value of the global economy (roughly $105 trillion for global GDP).

2. Market Cap: To hit $1, Shiba Inu would have to far outperform the largest cryptocurrencies like Bitcoin and Ethereum. This would require a huge injection of liquidity into the asset, which seems unrealistic at this point.

3. Token Burning: Some argue that if a large amount of SHIB is burned (i.e. removed from circulation), it could theoretically increase the price. However, even with burn campaigns, it would take a colossal effort to reduce the supply to a level that could support such a large increase.

4. Project: SHIB could continue to gain value if its developers find relevant use cases, thereby increasing demand. But even with increased adoption, reaching $1 remains a considerable challenge.

In summary, while SHIB could potentially see price increases, the idea of ​​it reaching $1 seems highly unlikely in the short to medium term, given the huge circulating supply and economic realities.