Shamaoon bhatti
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Is it possible for Shiba Inu ($SHIB) to hit $1 by 2025? The short answer is highly unlikely. With a circulating supply of nearly 589 trillion tokens, for $SHIB to reach $1, its market cap would need to exceed $589 trillion, which is far beyond the entire global economy.
Although $SHIB has strong community backing and ongoing initiatives like token burns, these actions won't reduce the supply enough to support a $1 price. Cryptocurrencies such as Bitcoin reached high values due to their limited supply, while Shiba Inu operates differently.
Realistically, $SHIB could see growth through developments in its ecosystem, like Shibarium (its blockchain), and increasing use cases. However, predicting $1 is speculative. As an investor, it’s important to focus on the fundamentals and be aware that meme coins are high-risk investments. Only invest what you can afford to lose.
My perspective is to temper expectations for $SHIB, but as always, the crypto world can surprise us.
Although $SHIB has strong community backing and ongoing initiatives like token burns, these actions won't reduce the supply enough to support a $1 price. Cryptocurrencies such as Bitcoin reached high values due to their limited supply, while Shiba Inu operates differently.
Realistically, $SHIB could see growth through developments in its ecosystem, like Shibarium (its blockchain), and increasing use cases. However, predicting $1 is speculative. As an investor, it’s important to focus on the fundamentals and be aware that meme coins are high-risk investments. Only invest what you can afford to lose.
My perspective is to temper expectations for $SHIB, but as always, the crypto world can surprise us.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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