How Much Shiba Inu (SHIB) Needs to Be Burned to Reach $1 at a $500 Billion Market Cap?
Current Scenario:
Shiba Inu (SHIB) is far from the ambitious $1 price target. To achieve this at a $500 billion market capitalization, significant token burns would be required.
---
Market Cap and Supply Analysis:
Lead Developer's Vision: Shytoshi Kusama previously hinted at the potential for SHIB to reach a $1 trillion market cap in the future.
$500 Billion Market Cap Scenario:
At this market cap, SHIB would need a circulating supply of 500 billion tokens to hit $1 per token.
---
Current Supply vs. Required Burn:
Current Circulating Supply: 589 trillion tokens.
Required Burn: 588.5 trillion tokens, equating to a staggering 99.91% of the current supply.
---
Realistic Outlook:
Such an enormous burn is highly improbable, making the likelihood of SHIB reaching $1 extremely low under current market dynamics.
---
Let me know if this version works or if you need more details!
#LitecoinETF #BinanceAlphaAlert #Vote-PIOnBinanceYesOrNo #Write2Earn #FTXrepayment $SHIB
