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Can Shiba Inu ($SHIB ) Really Hit $1? The Hard Truth
The dream of Shiba Inu ($SHIB ) reaching $1 is an enticing one, but the numbers tell a different story. Based on the current burn rate, it would take an astonishing 20,460 years to reduce the token supply enough to justify such a price. To make this a reality, investors would need to burn 99.99998% of the total circulating supply—effectively eliminating nearly all of the 589.5 trillion tokens, leaving behind just 13 billion. However, with only 2.4 billion tokens burned in the past month, the annual burn rate stands at just 28.8 billion—far from sufficient to make a meaningful impact in the near future.
The dream of Shiba Inu ($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.
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