Analysis indicates that Shiba Inu (SHIB) is highly unlikely to reach $1 in the next crypto bull run, requiring 128,000 years at the current burn rate.
Yahoo Finance analysis indicates that Shiba Inu (SHIB) is currently trading at $0.000005, a 94% drop from its 2021 peak. Given its lack of practical demand and massive circulating supply (over 589.2 trillion tokens), if it were to reach $1, its market capitalization would be $589.2 trillion, far exceeding the total market cap of the S&P 500 index and the annual output of the U.S. economy, which is absurd under current conditions. Although the community is burning tokens to reduce supply, only 387 million tokens were burned in August. At this rate, it would take 128,000 years to burn enough tokens to theoretically support a $1 price. The analysis suggests that burning tokens does not create value, making the possibility of SHIB reaching $1 in the next bull run extremely low.
Source:Yahoo财经 · Source Link
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