Shiba Inu (SHIB) has struggled to make any positive price movements over the last few months. However, despite the ongoing lackluster performance, SHIB is still one of the best-performing crypto assets of the last few years. According to CoinGecko data, SHIB’s price has risen by more than 12.5 million percent since Nov. 28, 2020. Let’s discuss if SHIB can deliver this type of growth again in the next five years.
Can Shiba Inu Rise By Another 12.56 Million Percent in Five Years?
One of the most significant catalysts for Shiba Inu’s (SHIB) incredible gains was Ethereum co-founder Vitalik Buterin’s massive token burn. Buterin received half of SHIB’s entire supply and decided to burn 90% of the coins he received. The sudden dip in supply led to a massive price surge for the asset. However, the project still has a whopping 589 trillion supply. The high circulating supply is a substantial barrier for SHIB to replicate its 2020-2021 rally.
If Shiba Inu’s (SHIB) price rises by another 12.56 million percent, it will hit $0.893. While SHIB has displayed incredible gains in its 5-year history, hitting $0.893 from current price levels is a near-impossible task. If the price of each SHIB token hits $0.893, the project’s market cap will rise to nearly $525.9 trillion. This figure is highly unlikely as it is far larger than the GDP of all developed nations put together. Shiba Inu’s supply would need to be significantly reduced for the price of each token to hit $0.893.
According to Telegaon analysts, Shiba Inu (SHIB) will hit the $0.893 mark sometime after 2050, more than 25 years from now.
Also Read: Shiba Inu Prediction For January 2026 Points To Critical Turning Point
Looking at the above calculations and the projected prediction, it is highly unlikely for Shiba Inu (SHIB) to rise by another 12.56 million percent. The only way for the asset to give such high returns is by vastly reducing its supply, which may not happen again.
