The likelihood of Shiba Inu reaching $1 in 2025 is very low.
Here are some reasons:
Enormous supply: Shiba Inu has an extremely large circulating supply (approximately 589 trillion tokens). To reach $1, Shiba Inu's market capitalization would need to surpass that of most countries' GDPs, which is almost inconceivable.
Slow burn rate: Although the Shiba Inu community is working to burn tokens to reduce the supply, the current burn rate is still very slow. At this rate, it will take a long time for the supply to decrease to a level that can support a price of $1.
Market volatility: The cryptocurrency market is highly volatile and unpredictable. Even with positive supporting factors, the price of Shiba Inu can still be affected by external factors such as government regulations, competition from other projects, and overall market sentiment.
However, it is not entirely impossible. If Shiba Inu makes significant progress in terms of application, utility, and gains wider community acceptance, its value could increase substantially.
Some factors that could help Shiba Inu increase in price:
Shibarium: The successful launch of Shibarium, a layer-2 solution for Ethereum, could help reduce transaction fees and increase processing speed, thereby attracting more users and developers.
New use cases: The use of Shiba Inu in areas such as DeFi, NFT, metaverse, and payments could drive demand and increase the token's value.
