#Shibalnu
ShibAutocoin (SHIB) is unlikely to reach $1 in the near future or even in the long term, for several fundamental reasons related to the economic structure of the coin:
1. Total Supply:
Currently, the total circulating supply of Shiba Inu is over 589 trillion coins.
In order for it to reach $1 per coin, the total market cap of the coin would need to be $589 trillion, which is an unreasonable amount considering that the entire global cryptocurrency market is only a few trillion.
2. Potential Market Cap:
For comparison, the market cap of Bitcoin (BTC) is currently around $500 billion.
If Shiba reaches $1, its market cap would be much larger than the economies of entire countries, which is not economically feasible.
3. Realistic Target:
Instead of expecting Shiba to reach $1, you could consider smaller targets such as $0.01 (1 cent).
Even this number requires burning a large amount of coins (reducing the supply), increasing reliance on them in actual uses, and continued interest in them by investors.
4. Factors supporting the price increase:
Token Burns:
Shiba has programs to burn coins to reduce the supply, which may help gradually increase the price.
Actual Use:
If Shiba is used more in applications or as a means of payment, this may contribute to raising