Shiba Inu's path to $1 remains a difficult feat, primarily due to its massive circulating supply. Even with aggressive token burns, reaching that milestone would require a significant reduction in supply and an unprecedented market valuation.
Breaking Down the Numbers
For SHIB to reach $1 at a $500 billion market cap, its circulating supply would have to be reduced to just 500 billion tokens. However, with the current supply at 589 trillion, this would require a staggering burn rate of 99.91% — a scenario that is extremely unlikely.
Is a price of $1 realistic?
Shytoshi Kusama, the lead developer of SHIB, previously hinted at a potential market capitalization of SHIB at $1 trillion in the future. Despite its ambition, such an estimate would require widespread adoption, significant growth of the ecosystem, and ongoing burnings over time. Without this, reaching $1 remains a distant possibility.
Final thoughts
As the popularity and utility of Shiba Inu continue to grow, realistic price expectations are crucial. Mass burnings, expanded utility, and strong community support can provide long-term value, but it is unlikely that SHIB will reach $1 without significant structural changes.