㊙️Can Shiba Inu Coin reach $1 by 2025?
The opening price of Shiba Inu Coin (SHIB -0.42%) in 2021 was $0.00000000008, and it soared to $0.000086 in October of that year, with a staggering increase of 107499900%. If the timing is accurately grasped, a $1 investment can become over $1 million.
Bitcoin has practical uses such as valuable storage, while Shiba Inu Coin is just a meme token that mainly fluctuates with speculators' intentions and has no real utility. By mid-2022, its price has dropped by over 90% from its peak, and even if it performs well in 2024, the current price of $0.000023 is still more than 70% lower than the highest price.
There are many benefits to the development of cryptocurrency, can Shiba Inu Coin rise to $1 by 2025? Technically speaking, based on the current market value, 99.99998% of the existing supply, which is almost all of the 589.5 trillion tokens, needs to be destroyed, leaving only 13 billion tokens to bring the price to $1. But last month only 2.4 billion tokens were destroyed, with an annualized value of 28.8 billion tokens. At this rate, it will take 20460 to burn enough tokens to support a price of $1.
𝗽𝘂𝗽𝗶𝗲𝘀 This Ethereum based token is hailed as the next SHIB, with extraordinary potential and worth paying attention to!
