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Can Shiba Inu ($SHIB) Reach $1 by 2025?
The idea of Shiba Inu ($SHIB) reaching 1 dollar is a hot topic among cryptocurrency enthusiasts. Although this possibility excites many people, achieving such a milestone seems extremely unlikely for several reasons. Let's analyze together. Why achieving 1 dollar is not realistic? Major token supply source Shiba Inu currently has a circulating supply of 589 trillion tokens. To reach a price of $1, the market capitalization will need to exceed 589 trillion dollars. To put this into perspective, this number surpasses the global economy, which has an estimated GDP of around 100 trillion dollars. Even the entire cryptocurrency market has never reached such a valuation. Lack of scarcity Unlike Bitcoin, with a limited supply of 21 million coins, the massive supply of Shiba Inu tokens undermines its potential scarcity or high value. Even with ongoing token burning, reducing the supply to a reasonable level at a $1 price point is almost impossible in the next few years. What can drive the growth of $SHIB Although a $1 target is unrealistic, there are still paths for Shiba Inu to develop and potentially bring profits to investors: