For Shiba lovers, a nice analysis. I recommend checking it out

If you hold $SHIB then this article is a MUST read for you. I will logically assess Shiba Inu's future price and Potential 💫Despite its impressive performance in the past couple of years, Shiba Inu is very unlikely to reach $1 or 50 cents because its circulating token supply is simply too large. However, that doesn’t mean that Shiba Inu doesn’t have a lot of upside potential.Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Their popularity was mostly due to the promotion of $DOGE by popular individuals such as Elon Musk and Mark Cuban. With the hype around Dogecoin, other meme coins enjoyed some interest. But at the end of the day, the significant winners were Dogecoin and Shiba Inu.💸 Key takeaways on Shiba Inu coin reaching $1 or 50 cents💸 :At the current circulating supply of 589 trillion Shiba Inu coins, the meme currency has a market cap of $5.56 billion.If SHIB reaches $1 at the current circulating supply, Shiba Inu would command a market cap of $589 trillion, which is just not feasible.The only way for the Shiba Inu price to reach $1 or 50 cents is if the circulating supply would decrease substantially through a token burn program.The Shiba Inu team recently launched Shibarium, which is a layer 2 solution that burns SHIB for every transaction, which could drastically reduce the SHIB supply over time.The CoinCodex price algorithm forecasts that SHIB could increase by over +292% by the end of 2025 and +456% by 2030.🌿Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi & developed by the leading Developer Shytoshi Kusama🌿 Its name is based on the Shiba Inu dog on Dogecoin, and they are both similar. The only significant difference was that the creators built Shiba Inu on the Ethereum network. Although launched in 2020, it became popular in 2021 after Vitalik sold 50 trillion SHIB tokens and donated the proceeds to the India COVID fund. 🚀SHIB rose by over 85,000,000% within a year and hit its all-time high on October 28, making it the most prominent example of a monumental bull run in crypto history🚀Its meteoric rise has made many speculate whether it could even rise higher. In this article, we’ll discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions.So the short answer to whether the Shiba Inu coin can reach 50 cents is a "🔥NO🔥" The main restrictive factor is SHIB’s circulating supply, which would, at current amounts, produce a market cap of nearly $294.5 trillion if the meme coin were to reach the $0.50 mark.We will concede that this answer could change dramatically in the future. Some believe that the circulating supply of SHIB will increase drastically with the increased usage of the Shibarium Layer 2 network, which burns SHIB for every transaction. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. However, the SHIB burn could still contribute to Will the Shiba Inu coin reach 50 cents?🔅Conclusion🔅Unless something fundamental, such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. But it might reach 1 cent after some years of token burns and deflationary mechanics that went live with Shibarium. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystem and robust community.When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. So, it is essential to research any cryptocurrency before you decide to invest in it.Follow & Like for MORE Exclusive News🥂#Write2Earn #TrendingTopic #SHIB 🖋 Written by @CryptoVenom