Is it possible for Shiba Inu to reach $1?
It is highly unlikely that Shiba Inu ($SHIB ) will reach $1, given the large total supply of tokens in circulation. There are currently around 589 trillion SHIB in circulation. For Shiba Inu to reach $1, its market cap would need to surpass the market cap of all global economies combined, which is unfeasible.
Some factors that make this unlikely include:
1. Oversupply: For $HIB to reach $1, the market cap of the coin would have to be extraordinarily high, which would require either a massive token burn (supply reduction) or massive demand.
2. Comparison with major cryptocurrencies: For comparison, Bitcoin has a maximum supply of only 21 million units, which makes it easy to appreciate. Shiba Inu, with trillions of tokens, needs much more market traction to reach similar numbers.
3. Real economy: If $SHIB were to reach $1, the market cap would be in the trillions of dollars, something that exceeds even the value of large economies or entire corporations.
If you are thinking about investing or already own SHIB, it is more prudent to wait for a more realistic appreciation and not focus on an expectation as far away as $1. But nothing is so improbable in the crypto world, we have to have faith.
