Can Shiba Inu ($SHIB) make you a millionaire? Let’s analyze it. For SHIB to reach $1, almost 99.99998% of its huge 589.5 trillion token supply would need to be burned, leaving only 13 billion tokens. However, with just 2.4 billion tokens burned last month (around 28.8 billion per year), it would take over 20,000 years to burn enough tokens for $1 to be possible. Burning tokens reduces the supply but doesn’t create wealth on its own. A price increase needs real demand, utility, and ecosystem development. Instead of aiming for $1, investors should focus on factors like increased utility, ecosystem growth, and projects like Shibarium and DeFi integrations. While $1 is unlikely, SHIB still has growth potential if utility and real-world adoption are prioritized over hype.
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