CandleFocus

Here’s the Only Reason Shiba Inu Cannot Surge to $1, $0.01, or $0.001

Author: Content Editor
The article discusses the ambitious price predictions for the cryptocurrency Shiba Inu (SHIB) and highlights the market valuation challenges associated with these predictions. Despite being at the mercy of bearish sentiment and currently trading at a low price of $0.00001291, proponents of SHIB hope for future prices of $0.001, $0.01, or even $1. With an extremely high token supply of over 589 trillion SHIB, achieving these prices would result in market caps exceeding hundreds of billions or even trillions of dollars. Critics argue that these predictions are unrealistic and far-fetched, questioning the potential market cap and the global wealth figure required to support such valuations. The article concludes that while percentage price surges for SHIB have historically been significant, achieving a $1 price would require a growth of over 7 million percent. A prediction platform sets a timeline of 2050 for SHIB to reach $1.

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