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#SHIB Can it reach 0.01 dollars or even 1 dollar? (Most controversial)!🐕💰
🔥 Shiba Inu (SHIB) has captured the hearts of millions, but can it really reach $1 or even $0.01? Let's explore the facts and discover what is possible and what is impossible.
Can SHIB reach $1?🚀
It's unfortunate that SHIB's dream of reaching almost $1 is impossible to achieve. The reasons are as follows:
• 🌍 Crazy market value:
The total supply of SHIB coin is 589 trillion, so its value must reach 589 trillion dollars to reach 1 dollar. This is larger than the global economy!
• 🔥 It needs to destroy a large amount of tokens:
Even if 90% of SHIB's supply is destroyed, there will still be 58.9 trillion coins, which would require a market value of 58.9 trillion dollars - far exceeding the current market cap of cryptocurrencies.
2️⃣ Can $SHIB actually reach 0.01 dollars? 💡
This goal is easier to achieve, but it still poses a challenge.
• 📊 Market Cap at 0.01 $:
SHIB needs a market cap of $5.89 trillion to reach $0.01 without additional burning. Although it is very high, it is closer to the total market cap value during the bull market period.
• 🔥 Crucial Symbolic Burning:
To reduce market value requirements, continuous destruction - through mechanisms such as Shibarium and community initiatives - is necessary.
What will drive the price of $SHIB in the future? 🛠️
1. 🔥 Destroy Tokens:
Reducing the supply of billions or trillions of tokens will be crucial to increasing scarcity.
2. ⚙️ The utility in the real world:
The $SHIB system must grow strong. Projects like Shibarium and integration with DeFi, NFT, and Metaverse are crucial for long-term value.
3. 💬 Community enthusiasm:
SHIB largely relies on its passionate community. Continuous participation and enthusiasm are crucial for growth.
4. 📈 Cryptocurrency Market Trends:
The strong bull market can make SHIB closer to $0.01, but there are no sharp changes. $1 is still unavailable.
It is almost impossible to make any radical change in the global market.
• $0.01?
During the long period, it may be possible through continuous destruction of tokens, increasing adoption rate, and favorable market conditions. However, if significant progress is not achieved in these areas, this remains a difficult path.
How do you see it? Can $SHIB achieve those ambitious goals? Share your thoughts below and join the discussion! 🐕🔥