SHIB News: Will Shiba Inu coin Reach $1 in January 2025?

Shiba Inu (SHIB) continues to captivate the crypto world with its ambitious goals and passionate community. But as we approach 2025, the question remains: Can SHIB realistically reach the elusive $1 milestone? Let’s explore the factors shaping its journey and the challenges it faces.

Shiba Inu Price Performance

Currently, Shiba Inu is priced at $0.00002119, with a 24-hour trading volume of $465.60 million and a market capitalization of $12.48 billion, representing a market dominance of 0.38%. Over the past 24 hours, SHIB's price has risen by 2.13%.

SHIB's all-time high was $0.00008819 in October 2021, while its lowest-ever price was $0.0000000005637 in November 2020. Despite being 76% below its peak, SHIB has shown a 97% growth over the past year, outperforming 71% of the top 100 cryptocurrencies.

The circulating supply of SHIB stands at 589.26 trillion tokens, with a slight annual deflation rate of -0.01%, which reduced the supply by 44.79 billion tokens over the past year.

Is $1 Realistic by January 2025?

Achieving a price of $1 would require SHIB to increase by 4,717,361%, pushing its market capitalization to a staggering $589.26 trillion—a figure far exceeding the combined GDP of the world’s largest economies. This makes the $1 target virtually impossible in the near term.