Will #Shiba Inu Reach $1?
No, with the current tokenomics, Shiba Inu will not be able to reach $1. Just think about it; to reach $1, Shiba Inu would have to soar by more than 12,100,000% from where it's sitting right now. That's no small feat!
Now, there are things out there that could trigger a bullish run for this meme cryptocurrency. But hitting that $1 target? Well, that's a different story altogether.
Here's something to chew on: As something grows larger, it becomes tougher for it to keep growing at the same rate. It's like a snowball effect but in reverse.
Small increases in adoption or other boosts can make a huge difference when you're starting small, but as you grow, those same changes don't pack the same punch.
That explains why Shiba Inu was able to make such mind-blowing gains across 2021's trading. It started as a little pup and grew into a big dog!
But now, it's a different game. Shiba Inu has already risen more than expected from its initial price. So, while the jump to $1 might seem smaller in terms of percentage points compared to what it's already done, pulling off that performance again? It's almost like trying to catch lightning in a bottle twice.
