Shiba Inu (SHIB) has remained a hot topic in the crypto space, with investors hoping for a massive price surge.
While analysts have set mid-term targets around $0.0001553, some long-term projections aim for ambitious milestones like $0.01 or even $1.
However, reaching $1 per SHIB presents a huge challenge due to its massive circulating supply.
The Problem with SHIB’s Current Supply
Currently, Shiba Inu has a circulating supply of 589 trillion tokens. If SHIB were to reach $1 per token, its market cap would skyrocket to $589 trillion—a figure that far exceeds the total global economy.
Even achieving a $1 trillion market cap, as suggested by lead developer Shytoshi Kusama, would be a monumental task.
But what if SHIB’s market cap was set to a more realistic $500 billion? How much supply would need to be burned?
How Much SHIB Must Be Burned for a $500B Market Cap?
To reach $1 per SHIB with a $500 billion market cap, the circulating supply must be reduced to just 500 billion tokens.
This means the Shiba Inu community would need to burn 588.5 trillion SHIB, or a staggering 99.91% of the current supply.
Such a drastic burn is highly unlikely, making a $1 SHIB price nearly impossible under current conditions.
While Shiba Inu continues to explore burn mechanisms and ecosystem growth, hitting $1 would require extreme measures, including massive token reductions and exponential demand growth.
For now, SHIB investors may find more realistic targets in the fractions of a cent range, rather than chasing the elusive $1 dream.