In a bid to get the most returns on investment, we usually turn our attention to penny coins which seemingly have room to grow. One of such coins is SHIBA INU. Currently worth $0.000013, the second most valuable meme coin is hard to refuse. Buy how much room does SHIB have to grow, can it reach $1?
SHIB currently has over 540 trillion coins in circulation per CoinMarketCap. If SHIB costs $1/coin it means SHIB will have a value of $540 trillion, that's more than the net worth of the world's economy.
So, is it possible for SHIB to ever reach the $1 mark?
One online opinion suggests SHIB can get to $1
This online opinion listed a number of factors to support their assertion and from their point of view, it seems like there might be a possibility but this subject is not easily conclusive.
I'm requesting your opinion, dear reader and while you're forming it, here are somethings to consider:
SHIB has a limited supply and burns tokens:
SHIB has a limited supply of 1 quadrillion tokens but about 50% have been burned. The creator of Shiba Inu - a pseudonymous 'Ryoshi' gifted 50% of SHIB tokens to Vitalik Buterin. Vitalik donated 10% and burnt 90% of the gift. There's currently only about 540 trillion SHIB in circulation.SHIB has a metaverse:
Though it has not been officially launched, lands are already on sale in the SHIB metaverse. The metaverse will be launched once Shibarium is completed.SHIB plans to launch a layer-2 network:
There's also going to be layer-2 network built on Ethereum for the SHIB ecosystem. It will be called Shibarium. The metaverse will run on it and it is also a layer-2 scaling solution.SHIB has a very active community:
The SHIB community have proven over the years to be a devoted bunch of crypto enthusiasts. There's hardly anyone who can shill more than them. Developers in the community are very committed to creating valuable apps to boost the SHIB ecosystem. A good example is ShibaSwap.
Do you think this is enough to boost the price of SHIB to one dollar?