By Nilesh Hembade (Coinsprobe)
Date: 26 Feb 2024
With over 589 trillion tokens in circulation, reaching $1 would create a market cap exceeding global wealth, making it mathematically impossible.
Unlike some cryptos, Shiba Inu lacks real-world applications, hindering its long-term adoption and value growth.
Its initial rise was fueled by speculation and meme culture, not practical use cases.
While token burning aims to reduce supply, the current pace wouldn't significantly impact the price in the foreseeable future.
Reaching $1 would require a market cap exceeding the combined value of established companies like Apple and Google, an unrealistic scenario.
Shiba Inu's price is highly volatile, making it a risky investment for those seeking stable value.
Numerous meme coins and established cryptocurrencies compete for market share, hindering Shiba Inu's dominance.
The future of cryptocurrencies remains uncertain, adding another layer of risk to reaching a $1 price point.
Top New Memecoins That Could Become Next Shiba Inu.