Is it possible for the currency $SHIB to reach $1:
The Shiba Inu currency ($SHIB ) has a huge supply exceeding 589 trillion coins. If we want to calculate:
🔹 If the price of SHIB = $1 ➝ Market Cap = 589 * trillion dollars (which means more than $589 trillion).
📊 For comparison:
The total market cap of gold worldwide ≈ $13 trillion.
The total market cap of Bitcoin currently ≈ $1 trillion.
The entire cryptocurrency market is still less than $2.5 trillion.
This means that reaching $1 for SHIB is nearly impossible with the current supply unless there is a massive burn of the majority of the currency.
✨ But:
If burn projects (Burn Mechanisms) continue and expand significantly, the price could rise to levels much higher than the current ones.
Realistically, some analysts expect figures like $0.001 – $0.01 in the very long term if a massive burn occurs and SHIB's adoption in payments, metaverse, and Shibarium increases.
🔮 In summary:
$1 is completely unrealistic with the current supply.
$0.01 (one cent) could be a very realistic target if there is a significant reduction in supply over time.
Would you like us to calculate for you, for example, how much SHIB needs to be burned to reach $0.01 or $1?
#BinanceHODLerDOLO #SOLTreasuryFundraising #MITOBinanceWalletTGE #BTCWhalesMoveToETH