Will Shiba Inu price ever hit $1? Let's explore!
In 2021, $SHIB skyrocketed by 45,000%, reaching an all-time high of $0.00008845. While a similar rally could bring huge profits, hitting $1 seems virtually impossible for several reasons:
1. Massive Circulating Supply: Even with token burns, hundreds of trillions of SHIB are still out there. Reaching $1 would require a market cap surpassing that of Bitcoin and Ethereum combinedâunlikely in todayâs market.
2. Market Dynamics: The previous rally was driven by social media hype and retail investors, but the landscape has changed, with many alternative investments available.
3. Price Predictions: A 45,000% rise from the current price of $0.0000154 would only take SHIB to about $0.00698.
So, will SHIB hit $1? Probably not, given its supply, competition, and the need for stronger utility beyond just hype. Stay informed and trade smart with Binance!
