Shiba Inu’s $1 Dream: A Far-Off Goal Amidst Surging Market Challenges

Shiba Inu (SHIB) continues to spark bold predictions of a potential run to $1, but the figures suggest that reaching this target may be a distant dream. With a circulating supply of over 589 trillion tokens, a price of $1 would require an astronomical market cap of $589 trillion. This figure dwarfs the global GDP, which stands at around $114 trillion, and would be nearly five times larger than the entire cryptocurrency market cap, which is currently valued at $4 trillion. According to experts, the sheer size of SHIB’s supply remains its greatest obstacle.