Can Shiba Inu Reach $1 in 2025? The $589 Trillion Question

Shiba Inu (SHIB) is one of the most trending meme coins in the crypto market. However, will it really be able to hit the much-sought-after mark of $1 by 2025? This is a reason why this goal may not be a realistic one because of the mammoth issue of $589 trillion pertaining to its supply. Why? Here’s why:.

The Supply Problem

This sums up to an astonishing 589 trillion total token supply for Shiba Inu. To bring SHIB to $1, its market cap needs to equal out to $589 trillion in value. That’s six times the global GDP — a figure nearly impossible to imagine and certainly improbable under today’s economic structure.

Burn Mechanisms and Price Impact

Shiba Inu has also included token burn mechanisms intended to try to decrease supply, but the burn rates are woefully too low to have any effect in its enormous supply. Even at aggressive burn rates, the token would still take years or even decades to reach a supply where a $1 price might be possible.
For SHIB to reach $1, it needs demand levels that, as of today, are unprecedented. In other words, mass adoption, seamless onboarding into mainstream finance ecosystems, and utility that, if not better, competes with established cryptocurrencies, be it Bitcoin or Ethereum.

Possible Reckoning for 2025

While Shiba Inu has taken very great strides in building its ecosystem, such as Shibarium, its Layer-2 blockchain, the $1 by 2025 is purely impossible. However, at the same time, the growth in price is not beyond possibilities if the project does expand and gain more adoption in the coming years.
It is impossible for Shiba Inu to reach $1 by 2025 due to its gigantic token supply and market cap requirements. The expectations of investors must be toned down and put towards the long-term utility and ecosystem development of the coin, rather than its speculative price targets. Do you want to know SHIB’s roadmap or similar investment strategies?