Can Shiba Inu ($SHIB ) Really Hit $1? The Hard Truth
The dream of Shiba Inu ($SHIB ) reaching $1 is an enticing one, but the numbers tell a different story. Based on the current burn rate, it would take an astonishing 20,460 years to reduce the token supply enough to justify such a price. To make this a reality, investors would need to burn 99.99998% of the total circulating supply—effectively eliminating nearly all of the 589.5 trillion tokens, leaving behind just 13 billion. However, with only 2.4 billion tokens burned in the past month, the annual burn rate stands at just 28.8 billion—far from sufficient to make a meaningful impact in the near future.
Even more concerning is the fact that burning tokens does not inherently create value. While reducing the supply can make each remaining token appear more valuable by increasing its price, it does not increase the market cap or overall worth of the asset. In essence, holders would end up with significantly fewer tokens, each priced higher, but their overall financial position would remain unchanged.
In a hypothetical scenario where all necessary tokens were burned over thousands of years, the total market cap of Shiba Inu would still be around $13 billion. This means that despite the extreme reduction in supply, the net financial position of investors would stay the same. Unfortunately, this makes the goal of reaching $1 per token a mathematical and economic impossibility under current conditions.
