The predictions of Shiba Inu (SHIB) reaching $1 are generating a lot of interest, but is this goal really realistic? Letâs review the facts behind these predictions and what it will take to achieve this feat in the crypto world.
1. The hard market reality
Shiba Inu has a massive circulating supply of over 590 trillion tokens. To reach a price of $1 per token, the market cap would need to reach over $590 trillion, an amount greater than the GDP of all the countries in the world combined. Therefore, it is unrealistic to expect SHIB to reach this price under the current circumstances without a significant change in supply.
2. Burning Code Challenges
Although the SHIB development team has implemented token burns to reduce the supply, burning a large enough amount to significantly drive the price up is a complex and slow process. For the price to reach $1, the supply would need to drop by over 99.99%, and even then, it would depend heavily on the community continuing to burn over time.
3. Value comes from benefit, not just advertising.
For SHIB to achieve sustainable growth, it needs more than token burns and hype. The project must prove its utility by offering products and services like ShibaSwap, which is a step in the right direction. However, compared to other blockchain projects, SHIB still needs real utility, partnerships, and practical use cases to attract enough demand to drive its value to significant levels.
4. Learn from other meme coins like Dogecoin
Despite Dogecoinâs huge popularity, its price has yet to reach $1 even with a lower supply than SHIB. Meme coins rely heavily on momentum and excitement, but they often struggle to hit high price targets due to their lack of strong fundamentals to support value.
5. Realistic price expectations
While some analysts believe that SHIB could reach prices like $0.01 or even $0.001 due to token burns and increased interest, reaching $1 remains a distant dream. It is important to maintain reasonable expectations; SHIB may see price increases, but it remains a high-risk investment that relies heavily on speculation.
In short, Shiba Inu reaching $1 would require radical changes in supply and demand, which is unlikely at the moment.
