Happycoin - 2023 has been quite a bad year for the meme cryptocurrency Shiba Inu (SHIB). Despite the launch of Shibarium's second-tier network, SHIB's price has not received much price momentum.

Since January this year, SHIB is up just 8%, while Bitcoin (BTC) is up over 100% and Solana (SOL) is up over 400%. However, supporters and investors hope that Shiba Inu will one day reach the $1 mark. However, this path will be truly difficult.

For the current price of the meme token, reaching a price of $1 would represent an increase of approximately 11,350,637% (11.3 million percent). If SHIB reaches $1, its market capitalization will be $589 trillion since the coin supply is 589 trillion tokens.

And while SHIB had previously seen gains of millions of percentage points, the previous surge preceded a massive burn undertaken by Ethereum (ETH) co-founder Vitalik Buterin. It received half of the SHIB issuance at launch and decided to burn 90% of the amount received. A significant reduction in the supply of SHIB contributed to the colossal increase in the price of the token.