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$SHIB Shiba Inu reaching $1 is highly improbable, even if it experiences a rally similar to 2021. During that year, SHIB surged by 45,000% from January to May and then by another 1,500% to hit its all-time high of $0.00008845 in October. While a repeat rally could yield significant gains, reaching $1 faces several challenges: 1. Massive Circulating Supply: Despite token burns, SHIB still has a vast number of tokens in circulation. To reach $1, its market cap would need to exceed the combined market caps of Bitcoin and Ethereum, which is unlikely under current conditions. 2. Unique Conditions of 2021: The 2021 rally was fueled by social media hype, meme culture, and a surge of retail investors. While these factors could contribute to another rise, it's doubtful that the market will witness a similar rally again, especially with more investment alternatives now available. 3. Even a Similar Rally Isnât Enough: A 45,000% increase from the current price of $0.0000154 would only bring SHIB to approximately $0.00698âstill far from $1. In conclusion, despite the potential for another rally, Shiba Inu reaching $1 is highly unlikely due to its vast supply, changing market conditions, and the need for more than just hype to sustain such a price level. $SHIB #BinanceLaunchpoolHMSTR
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#altcoins #shiba⥠Price Prediction for May 28. SHIB/USD. The rate of SHIB is almost unchanged since yesterday. On the hourly chart, the price of SHIB might have found a local resistance level of $0.00002622. However, one should pay attention to the daily closure. If it happens far from that mark, there is a chance to see a correction to $0.000025. On the daily time frame, the situation remains unclear. The rate of SHIB keeps accumulating energy for a further sharp move. In this case, traders are unlikely to see ups or downs right away. From the midterm point of view, one should focus on the weekly bar in terms of the previous candle peak. If it happens above $0.00002686, the upward move may lead to the test of the resistance of $0.00002820 shortly. SHIB is trading at $0.00002656 at press time. $SHIB $BTC
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