Will the price of Shiba Inu coin reach 1 dollar? No, it is mathematically impossible. CoinGecko data shows that SHIB is trading at 0.00001256 dollars, with a circulating supply of 589.2 trillion tokens. To reach a price of 1 dollar, a market cap of 589.2 trillion dollars is needed—greater than the total of all assets in the world. Price predictions for Shiba Inu indicate that to reach the target burn amount for Shiba Inu coin to hit 1 dollar, 99.99998% would need to be burned, taking 37,769 years. Whether the possibility of Shiba Inu coin reaching 1 dollar exists depends on unrealistic burn rates, making it impossible for Shiba Inu coin to reach 1 dollar in 10 years.
Why is it impossible for Shiba Inu coin to reach 1 dollar?
Whether Shiba Inu coin can reach the issuance price of 1 dollar faces insurmountable obstacles. The required market cap would exceed 11 times that of the S&P 500 index at 52.5 trillion dollars.
Whether the Shiba Inu token itself can exceed this value is questionable. Price predictions for the Shiba Inu token must take these limiting factors into account. Currently, 1.3 billion tokens are burned monthly, and to reach the target of 1 dollar for the Shiba Inu token, it would take 37,769 years to burn the supply.
Technical signals and Shiba Inu 1 dollar analysis
Recent technical analysis shows that SHIB has formed a death cross, with the 9-day moving average falling below the 26-day moving average. This bearish signal typically indicates weakening momentum and potential selling pressure in the future. However, trading volume surged by 17.25% to 207 million dollars, suggesting that despite negative technical indicators, investor interest remains strong.
For Shiba Inu coin to reach this goal, SHIB needs to form a golden cross and maintain sustained bullish momentum. A golden cross occurs when the short-term moving average crosses above the long-term moving average, indicating a potential price increase. Currently, SHIB has not shown any signs of this reversal pattern.
Shiba Inu's realistic price prediction vs Shiba Inu coin (1 dollar)
Experts predict that the coin's returns will be 2-7 times higher than current levels, far below what investors questioning whether Shiba Inu coin can reach this target would require. Recently, the burn rate of Shiba Inu coin plummeted by 98%, weakening its potential to reach 1 dollar.
Even with perfect execution, it is still impossible for Shiba Inu coin to reach 1 dollar in 10 years. The target supply burn for SHIB to reach 1 dollar would reduce the number of tokens held by investors by 99.99998%, while the number of tokens worth 1 dollar would remain unchanged.
Will Shiba Inu coin reach 1 dollar? Well, it's still mathematically impossible. Price predictions for Shiba Inu coin show that the scenario of reaching 1 dollar is purely theoretical, and thus, despite the burn supply mechanism, it remains unrealistic for SHIB to reach 1 dollar in 10 years.
