Debunking the $1 SHIB Myth: Why It’s Impossible for Shiba Inu to Hit That Mark
There’s a popular belief among some crypto enthusiasts that Shiba Inu (SHIB) will one day reach a value of $1. However, this is a far-fetched dream that defies basic math and market realities. Let’s break it down.
SHIB currently has a total supply of 589 trillion tokens. For SHIB to reach $1, it would require a market capitalization of $589 trillion! To put this in perspective, the entire cryptocurrency market is only valued at around $2.3 trillion, with Bitcoin alone taking up $1.3 trillion of that. In other words, SHIB’s value would need to exceed the entire global crypto market by an astronomical margin.
With thousands of coins in circulation and SHIB being one of many, it’s simply unrealistic to believe it could ever reach such a high value. The sheer volume of tokens in existence makes such growth impossible under the current economic structure.
In reality, while SHIB could see growth in price, expecting it to hit $1 is nothing more than wishful thinking.
