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Can Shiba Inu Coin soar to the sky and break through $1? XRP has done it, will Shiba Inu Coin be the next?
Recently everyone is discussing whether the value of Shiba Inu [SHIB] can break through $1. XRP has already broken through $1, and analysts are also predicting that Dogecoin [DOGE] may reach this level.
So, can SHIB catch up with them? Judging from the ratio of market supply to total global assets, the $1 target seems difficult to achieve. The total supply of SHIB is as high as 590 trillion. To reach $1, its market value will reach 590 trillion.
By 2024, the total value of global assets is expected to be $454 trillion. It is almost impossible for a meme coin to exceed the size of global total assets. However, if SHIB can break through the years-long suppression range like XRP, it is still possible to usher in a larger increase.
So, can SHIB catch up with them? Judging from the ratio of market supply to total global assets, the $1 target seems difficult to achieve. The total supply of SHIB is as high as 590 trillion. To reach $1, its market value will reach 590 trillion.
By 2024, the total value of global assets is expected to be $454 trillion. It is almost impossible for a meme coin to exceed the size of global total assets. However, if SHIB can break through the years-long suppression range like XRP, it is still possible to usher in a larger increase.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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