1 Million Shiba Inu Costs $11.47: Can It Ever Become $100,000?
If you purchase 1 million Shiba Inu (SHIB) coins today, it will cost you around $11.47. For 1 million SHIB tokens to be worth $100,000, the price of each coin has to reach $0.10. SHIB fans, collectively called the SHIB Army, and investors have long pursued the 1-cent price. Hitting the 10-cent mark will go way beyond their target. While the efforts are commendable, hitting the $0.1 mark is no easy task. Let’s discuss if it is feasible. Is Hitting $0.1 Possible for Shiba Inu? Source: Watcher.Guru With its current supply of nearly 589 trillion, it is unrealistic for SHIB to hit $0.1. The project’s market cap will reach $58.9 trillion if the price of each coin hits $0.1. This figure is highly unlikely. SHIB’s market cap would not only dwarf tech giants like Apple, Microsoft, etc., but also outgrow the GDP of all nations worldwide. This scenario will likely never happen. The way for Shiba Inu (SHIB) to hit the $0.10 mark is for it to greatly reduce its circulating supply. ...