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HausseReaching $1 for Shiba Inu ($SHIBA) in the next 40 days is highly unlikely based on several key factors. As of January 25, 2025, SHIB is priced around $0.00001994, and for it to hit $1, the market capitalization would soar to $589 trillion, vastly exceeding the total global asset value.
The Shiba Inu ecosystem has implemented a burning mechanism through Shibarium, aimed at reducing the supply, but the current burn rate won't significantly affect the massive circulating supply in such a short period. Even with bullish patterns observed, price targets remain much lower than $1.
Given the required market cap, token supply, and limited effect of burns, it is virtually impossible for SHIB to reach $1 within 40 days. Investors should stay cautious and rely on realistic market assessments rather than speculative predictions.
#Shibalnu #BinanceAlphaAlert $SHIB
The Shiba Inu ecosystem has implemented a burning mechanism through Shibarium, aimed at reducing the supply, but the current burn rate won't significantly affect the massive circulating supply in such a short period. Even with bullish patterns observed, price targets remain much lower than $1.
Given the required market cap, token supply, and limited effect of burns, it is virtually impossible for SHIB to reach $1 within 40 days. Investors should stay cautious and rely on realistic market assessments rather than speculative predictions.
#Shibalnu #BinanceAlphaAlert $SHIB
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