Shiba Inu (SHIB) Could Reach $1 If This Happens

Shiba Inu holders continue to maintain a level of optimism about the token’s long-term potential, despite its poor performance so far in 2025 . The digital asset has declined by 40.6% year-to-date, currently trading around $0.00001233. Still, confidence in a potential turnaround remains strong among its community and some market analysts. Market Sentiment and Forecasts for SHIB Data from analytics platform CoinCodex indicates that 55% of market sentiment for Shiba Inu is currently positive, while 45% reflects bearish expectations. This mild bullish outlook is supported by technical indicators and historical performance, particularly the token’s notable rally between 2020 and 2021. As a result, price predictions for SHIB have resurfaced, with some speculating a potential rise to $0.00017, and others projecting far higher values like $0.01 or even $1. A few months ago, CoinW, a trading platform, reignited discussions around the possibility of SHIB reaching the $1 mark. However, analysts agree that these higher estimates would require extreme changes to the asset’s structure, particularly its supply model. What’s your prediction? $SOL #Bitcoin $BNB $DOGE $ETH $AVAX $XRP $SHIB $ADA pic.twitter.com/WYBU1JJnoX — CoinW (@CoinWOfficial) August 18, 2024 Assessing the Viability of Price Projections While modest forecasts, such as a rise to $0.00017, are considered achievable under favourable market conditions, more ambitious targets , especially the $1 mark, face significant structural limitations. The primary factor preventing SHIB from reaching such high values is its extremely large circulating supply, which currently stands at approximately 589 trillion tokens. If Shiba Inu were to reach $1 per token at the current supply level, its market capitalization would exceed $589 trillion. This figure surpasses the total value of gold (around $22.4 trillion) and even the global M2 money supply, estimated at $123 trillion. Such a valuation is widely deemed unrealistic. The Essential Event That Could Change SHIB’s Trajectory Given the impracticality of reaching $1 with its current supply, experts agree that a large-scale token burn is the only viable event that could substantially boost SHIB’s price. Reducing the circulating supply would allow the price to rise without creating an unsustainable market capitalization. For instance, even a 90% reduction, eliminating about 530 trillion tokens, would still leave 59 trillion SHIB in circulation. At $1 per token, this would imply a $59 trillion market cap, which is still unattainable. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 However, if the supply could be reduced to around 100 billion tokens, reaching $1 would result in a market capitalization of $100 billion. This figure falls within the range of what has been achieved by top-tier cryptocurrencies in the past, making the $1 price point more feasible under such a scenario. At current prices, acquiring 1 million SHIB costs about $12. If the token ever reaches $1, this small investment would grow to $1 million. While this scenario mirrors SHIB’s earlier explosive growth, the likelihood of such a dramatic supply reduction remains extremely low. Challenges in Executing a Major Burn One critical obstacle is that the Shiba Inu development team does not have direct authority over the circulating supply. They cannot initiate a large burn without first acquiring the tokens, which would require substantial capital and cooperation from the broader community. Given these limitations, orchestrating a massive, ecosystem-wide burn of the required magnitude is not considered practically achievable at this time. In conclusion, while the asset continues to attract interest from hopeful investors, substantial price increases, particularly toward the $1 mark, would depend on a rare and unlikely reduction in its circulating supply. Without such a change, the asset’s future growth is expected to be modest rather than exponential. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) Could Reach $1 If This Happens appeared first on Times Tabloid .

Source: TimesTabloid