Considering the current market cap, each Shiba is valued at $0.000043. Reaching $1 would need an impossible $589.29 trillion market cap, given the total crypto market is $2.52 trillion.
Even if Shiba's supply is reduced to $25.35 billion, the current market cap, it's still impractical.
However, Shiba burns coins on Shibarium's layer 2. In January 2024, 9.9 billion Shiba were burned. To hit $1, 589.26465 trillion Shiba must burn. At the current rate, it'd take 4,960 years.๐ฐ๐ฐ๐ฐ๐ฐ๐ต๐ต๐ต๐ต๐ต๐ต๐๐๐
Conclusion: $1 is unlikely, but holding could still benefit due to Shiba Inu's aggressive coin burning.
