Shiba Inu has made quite a name for itself in the cryptocurrency market. Bursting onto the scene, it delivered a mind-boggling return of *45,278,000%* in 2021, turning a humble investment of just $3* into over *$1* million! However, this meteoric rise fizzled out by mid-2022, when Shiba Inu *plummeted by more than *90%. Although it has recently gained about 160%* this year, it’s still far from its all-time high of $0.000086**.
With a cryptocurrency revival in the air, one can’t help but wonder: could *2025* be the year Shiba Inu claws its way up to $1**? While dreams of such heights are alluring, they come with a staggering mathematical conundrum that might make your head spin.
To be clear, Shiba Inu lacks genuine fundamentals. It’s primarily a meme token, and its price swings wildly based on the unpredictable behavior of retail traders. According to Cryptwerk, a mere *1,048 merchants* accept Shiba Inu as payment worldwide, and many of these are niche online services or gambling sites.
Without a critical mass of consumers and businesses adopting it, a currency simply struggles to maintain long-term value. In a bid to create more use cases, the Shiba Inu community initiated a metaverse project in 2021, allowing users to purchase virtual land with their tokens, but so far, the launch remains elusive.
Fast forward to *2023, and the introduction of Shibarium, a Layer-2* blockchain solution**, aimed to streamline transactions and reduce costs. In theory, this could spur adoption, though results have yet to materialize.
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On a different note, Donald Trump’s newfound support for cryptocurrencies may provide a fresh boost. After years of skepticism, he’s now taken a favorable stance towards the industry, even suggesting the creation of a strategic Bitcoin reserve for the U.S. His recent nomination of pro-crypto businessman Paul Atkins to lead the Securities and Exchange Commission (SEC) may decrease regulatory burdens, potentially paving the way for speculative tokens like Shiba Inu to find new opportunities.
Yet, bittersweet irony lurks close by—a $589* trillion problem* stands between Shiba Inu and its dreams of reaching $1**.
The core issue lies in its astronomical supply. Currently, roughly *589.5 trillion tokens* are circulating, which gives Shiba Inu a market capitalization of about $16.6* billion* at its current price of $0.000028**.
If we play through the numbers, reaching a price of $1* would balloon Shiba Inu’s market cap to a staggering *$589.5* trillion. This hypothetical valuation would dwarf *Apple, the world’s largest company, by *157 times. It would even exceed the total *wealth of everyone on the planet, valued at approximately $454* trillion* in 2022. The math is simple: without drastic changes, the likelihood of Shiba Inu hitting $1 per token seems all but impossible.
Nevertheless, the Shiba Inu community is attempting to tackle this supply dilemma through token burning. This process involves permanently removing tokens from circulation. The simplest way for investors to get involved is by sending their tokens to a “dead wallet,” where they are locked away indefinitely. The idea is that, as the supply diminishes, the per-token value should rise accordingly.
For Shiba Inu to actually reach a price of $1*, an astonishing *99.99998%* of all tokens would need to be burned. This means the current supply of *589.5* trillion tokens* must shrink to just *16.6 billion*.
In November, approximately *1.7 billion tokens* were burned, which translates to an annual burn rate of *20.4 billion. At this current pace, it would take about *28,897* years* to burn enough tokens to trigger a price surge to $1, making such prospects for *2025* completely unrealistic.
Even if such a feat were accomplished, investors might find themselves feeling duped. The act of burning tokens does not create value; it merely reduces the supply. Essentially, if you had *99.99998%* fewer tokens but each worth $1*, your net position would remain unchanged; the overall market cap would still hover around *$16.6* billion*. It ultimately plays out as an exercise in futility.
So, can Shiba Inu reach $1* by *2025*? With *mathematical hurdles, limited real-world usage, and an improbable token burn rate, the odds are stacked firmly against it.
