- Date: 05-03-2024 - Rank: No.10 - Market Cap: $25.34B - Fully Diluted Market Cap: $25.35B - Market Dominance: 1.01% - Circulation Supply: 589.29T - Total Supply: 589.53T - Max Supply: Not Mentioned - All Time High: $0.000088450814267 (2021-10-28) - All Time Low: $0.000000000081646 (2020-09-01)
Here we see $SHIB is max Supply is not mentioned, which is a negative point, but Total Supply: 589.29T and Market Cap: $25.34B.
So, per Shiba price: ($25.34B ÷ 589.29T) = $0.0000430008993873.
If Shiba were to reach $1, its market cap would need to be $589.29 trillion, which is never possible because we know the total market cap of the crypto market is $2.52 trillion.
On the other hand, if the supply of Shiba is reduced from 589.29 trillion Shiba to $25.35 billion Shiba, equal to the current market cap of Shiba, then Shiba would reach $1, but we know this is never possible 😐
However, 70% of the base transaction fees paid on the Shibarium layer 2 network are used to burn Shiba.
In January 2024, Shiba Inu burned 9.9 billion Shib.
So, if 25.35 billion $SHIB is worth $25.35 billion, then each Shiba is worth $1.
To achieve this, (589.29T - 25.35B) = 589.26465T Shiba should burn.
If Shiba burns 9.9 billion Shiba every month, then (589.26465T ÷ 9.9B) = 59,521 months are needed to burn 589.26465T Shiba.
Converting this to years, (59,521 months ÷ 12 months) = 4,960 years are needed to burn 589.26465T Shiba.
So it's impossible to reach $1 😪
But you can hold your Shiba to grow your funds 🚀🔥 because the Shiba Inu team is burning their coins aggressively.
Thank you, guys 🙏 Follow for more and don't forget to like and comment.
- Date:04-03-2024 - Rank: 40 - Market Cap: $3.13B - Fully Diluted Market Cap: $3.13B - Market Dominance: 0.1286% - Circulating Supply: 420.69T PEPE - Max Supply: 420.69T PEPE - Total Supply: 420.69T PEPE - All Time High: $0.000007582842628 (2024-03-04) - All Time Low: $0.000000027637826 (2023-04-17)
Here we see Pepe's max Supply: 420.69T and Market Cap: $3.13B.
So, per Pepe price: ($3.13B ÷ 420.69T) = $0.00000744015783593.
If #pepe were to reach $1, its market cap would need to be $420.69 trillion, which is never possible because we know the total market cap of the crypto market is $2.46 trillion.
On the other hand, if the supply of Pepe is reduced from 420.69 trillion Pepe to 3.13 billion Pepe, equal to the current market cap, then Pepe would reach $1, but we know this is never possible 😐