In the midst of efforts to recover the crypto market, the dream of the Shiba Inu (SHIB) token price reaching $1 is still being promoted by its supporters. However, behind this optimism, there are several factors that need to be considered critically. $SHIB
1. Whale Dominance and Threat of a Big Dump
The main concern lies in the concentrated ownership by a few “whale” investors. If they decide to liquidate their assets, a potential major dump could occur, burying the $1 price dream.
2. Excessive Token Supply
Another major obstacle is the huge supply of SHIB tokens. Currently, there are 589 trillion tokens in circulation. To reach $1, more than 99% of that supply would need to be burned, a process that seems impossible.
3. Dependence on Social Media Popularity
Although popularity on social media plays an important role in memecoin price growth, fundamental factors such as real-world adoption are still minimal. This imbalance raises doubts over the continuation of the SHIB price increase.
Conclusion
The dream of a $1 SHIB price is still far from reality. Factors such as whale dominance, excessive token supply, and lack of real-world adoption pose significant obstacles. Investors need to consider the risks and market realities before getting carried away by the hype.
