Alright Shiba Army and Shiba Inu fans that like to talk nonsense like $1, $10 or $1000 token values, you need to hear this for your own good…
The price of Shiba will NEVER hit $1, much less $10 or even more.
I’m going to prove to you that even a $1 coin value is never going to happen.
I was just reading a thread on Twitter where some people would chime in with crazy future predictions for Shiba Inu. Those people are in for a serious letdown if they truly believe this coin will skyrocket to $10 or $1k.
This is simple math, so let me break it down for you…
Shiba has a total circulating supply of 549.1 TRILLION tokens. By comparison, Bitcoin will never have more than 21 million.
That’s a big difference in supply, and this just one of the reasons why Shiba will never have a price that even gets close to topping $1.
In fact, I doubt Shiba will ever hit 1 PENNY.
The estimated value of all money and assets in all markets in the entire world is $1,500 – $1,600 trillion. Only about $40 trillion of that is actually in currency.
Shiba at $10 would mean this one single crypto token has a market cap of $5,491 trillion. $1000 SHIB would be $549,100 trillion.
Shiba at $10 is almost 4 times the value of everything else in the world combined!
Shiba at $1000 is almost 400 times that value.Even Shiba at just $1 is roughly one-third of the value of all world assets.
The all-time high total market cap of ALL cryptocurrency combined was around $3 trillion back in Nov 2021.
Shiba at $1 is $549.1 trillion, which is 183 times higher than the current highest market cap for all crypto combined.
Current Shiba total market cap: $6.4 billion
Total crypto market cap: $1 trillion
Shiba’s market share of all crypto: 0.64%
If the same market share was maintained, the total crypto market cap would have to hit over $85,796 trillion for Shiba to reach just $1.
Some will say that the math will change in the future because Shiba is burning millions of tokens every day.
Roughly 25-30 billion tokens are now burnt each month. Even at 30 billion a month, that’s 360 billion per year.
That’s 15 years to burn off a mere 1% of SHIB’s supply.
It would take over 763 years to burn off 50% of the Shiba supply at that rate. However, even with half of the Shiba supply left, around 274.55 trillion tokens, you’re still talking about 1/6th the value of all world assets and money just for Shiba to be worth $1. That is simply never going to happen.
Can Shiba Inu Reach 1 Cent?
Even SHIB at 1 penny per coin is extremely far fetched. That would require this one crypto to have a total market cap of $5.491 trillion, which is nearly twice the highest market cap for all crypto tokens combined so far.
In theory, here’s a scenario that could technically happen (but VERY unlikely) to push SHIB up to $0.01…
- Shiba total crypto market share increases from 0.64% to 5%.
- Shiba drastically increases burn rate and is able to burn 90% of supply in 10 years.
- High inflation over 10 years decreases the buying power of a dollar by roughly half (7.2% average for a decade would cut buying power in half).
With all three of those conditions true, which are some very big and unlikely assumptions, here’s some rough estimations after 10 years for SHIBA to hit 1 penny:
World Assets: $3000 Trillion
Shiba Market Cap: $549.1 Billion
Total Crypto Market Cap: $10.982 Trillion
Those figures definitely seem with the realm of reality. However, the three things that would have to take place for that to happen are probably not going to happen. I’m not even sure if one of three would happen, although the inflation seems the most likely of them all with the current economic environment.
I’m really not trying to criticize anyone or destroy dreams of becoming a multi-billionaire.
I’m trying to protect you and others from false hope.
If someone without experience saw a prediction of Shiba at even $1, what would happen if they took out a second mortgage on their home to buy a couple hundred grand worth with the assumption that it’ll skyrocket in value? That’s what I want to prevent – simply unrealistic expectations that could cause someone to make a really bad financial move that could risk everything.
This crypto could very well multiply in value in the future, but even a 100x gain isn’t going to put it anywhere close to 1 penny per coin, so that figure will probably not happen and one dollar is almost certainly out of the realm of possibility.