Want to know how much percent Shiba Inu (SHIB) must rise to reach $1 or even $2? It's a question on every SHIB holder's mind. The meme-inspired cryptocurrency, Shiba Inu, has seen explosive growth, but achieving such a lofty goal requires astronomical gains.
Currently, the Shiba Inu is trading at $0. and is heading south in the indexes rather than going north. But what if things turned around? Let's break down the numbers.
The Reality of SHIB Reaching $1
For SHIB to reach $1, it would need a massive increase. Davinci Jeremie says SHIB would need a $600T market cap to reach $1, which is unrealistic. The leading crypto analysts suggest the probability is low, considering the circulating supply. To put it into perspective, even reaching $0.01 requires a significant jump.
How Much Percentage Increase is Needed?
For SHIB to reach $0.001, it must embark on a staggering rally of 13,542%. In practical terms, a $100 investment in Shiba Inu today could swell to a jaw-dropping $13,642 should it reach that level. Reaching $1 would require a significantly higher percentage increase, making it an extremely challenging, if not impossible, feat.
Shiba Inu to $2? An Even Greater Challenge
If $1 is a long shot, $2 is even further out of reach. The percentage increase required would be double that of reaching $1, requiring an even more gargantuan market capitalization that far exceeds the total value of all cryptocurrencies combined.
The Role of Token Burning
Some believe that aggressive token burning can reduce the circulating supply, potentially driving up the price of SHIB. Shiba Inu burn rate spikes 401%, removing over 12 million tokens in just, showing some activity in that direction. However, even substantial burns may not be enough to overcome the sheer scale of the percentage increase required to reach $1 or $2.
Shiba Inu: More Than Just a Meme Coin
Learn what price SHIB must reach for SHIB tokens to deliver million-dollar returns and how this cryptocurrency is evolving. While the odds of SHIB reaching $1 or $2 are slim, the Shiba Inu ecosystem is developing and expanding. Stay informed about the latest developments and potential catalysts that could influence SHIB's price.
Disclaimer: This is not financial advice. Cryptocurrency investments are highly volatile and carry a significant risk of loss. Always do your own research before investing.