Shiba Inu is one of the most popular cryptocurrency coins at the moment. The Shib army loyalists have long been vying to witness a stellar SHIB price hike, like the one that they witnessed back in 2021, when SHIB soared high to hit the $0.000008 price mark. The SHIB enthusiasts are now waiting in line for the Shiba Inu price to attract new momentum again. But with the current market flow, pace, and SHIB market supply stats, which are in the trillions, it seems that Shiba Inu may not be able to explore ambitious price marks such as $1 or $0.01. If this is the case, how high can the token truly surge in this lifetime?
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Shiba Inu $1 Deal. Can It Ever Become True?
Shiba Inu has long wished for a stellar price spike, the one that helps the token in exploring new price pedestals. The Shiba Inu price has long been waiting for that perfect catalyst that could shake its timeline and put certain elements in perspective for the token to take note of. The cryptocurrency market in general is truly unpredictable. While the token can expect elements like SHI stablecoin or Shibarium adoption to play a key role in strengthening its price, the trillion-token supply of the token makes it impossible for SHIB to achieve the $1 mark.
“At the current circulating supply of 589 trillion Shiba Inu coins, the meme currency has a market cap of $7.13 billion. If SHIB reaches $1 at the current circulating supply, Shiba Inu would command a market cap of $589 trillion, which is just not feasible. The only way for the Shiba Inu price to reach $1 or 50 cents is if the circulating supply decreases substantially through a token burn program.” CoinCodex later shared.
How High Can That Token Truly Surge in This Lifetime?
Per CoinCodex SHIB stats, the Shiba Inu price can surge as high as $0.00005207 in this lifetime.
“Shiba Inu would need to gain 9,309,126.63% to reach $1. According to our Shiba Inu prediction algorithm, the price of Shiba Inu will not reach $1. The highest expected price our algorithm estimates is $ 0.00005207 by 2048.”
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