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Don't remind me again today

Can SHIB reach 1 dollar? Forget it, math won't lie to you.

The Miracle of SHIB in 2021

Do you remember? Those who bought SHIB in 2021 made a fortune. Just investing 3 dollars could turn into a million by the end of the year. A return rate of 45,278,000%—this number is so large that no one can imagine it. But it's like winning the lottery; after the thrill, you have to pay the debt. By mid-2022, SHIB had dropped over 90%, and it's now hovering around 0.000008 dollars.

How much is needed to rise to 1 dollar?

Let's do the math: to rise from 0.000008 to 1 dollar, it requires a surge of 12,500,000%. Sounds crazy? SHIB has indeed done crazier things. But the question is - math won't lie to you.

Supply is the real poison.

This is the fundamental reason why SHIB will never reach 1 dollar.

Currently, there are 589.2 trillion SHIB in circulation, with a market value of 4.8 trillion USD. If each one truly rises to 1 dollar, the total market value would become 589.2 trillion USD.

Compare:

  • The global GDP is only 111 trillion USD/year
  • The total market capitalization of the S&P 500 is only $57 trillion.
  • SHIB will be worth 5 times the entire global economy.

This is simply impossible. There is no real demand that can push a coin to such astronomical figures.

The path of burning coins is also not feasible.

The SHIB community has been “burning coins” - sending tokens to a black hole wallet, permanently removing them from circulation. Theoretically, as the supply decreases, the price should rise.

Sounds good, but the reality is harsh:

Last month, the SHIB community burned 9.42 billion tokens, with an annual burning rate of about 11.3 billion tokens. At this rate, 99.99998% of the tokens need to be burned to make each worth 1 dollar…

It takes 521,415 years.

You read that right, over five hundred thousand years. Your descendants will inherit your SHIB, and after 500 millennia of inflation, they will be poor enough to cry. Even if each coin is really worth 1 dollar in the end, the amount of tokens they hold will have decreased by 99.99998%, resulting in a net gain of zero.

The Truth Revealed

SHIB has never had a real use case. It is not like Bitcoin (digital gold), XRP (cross-border settlement), or stablecoins (global transfers). It is just a speculative tool, surviving on FOMO and community enthusiasm.

Once the hype fades, all that follows is a decline. It has been proven.

Bottom line: It is completely impossible for SHIB to rise to 1 dollar from a mathematical and economic perspective. Don't be fooled by “it once surged”—that was a bubble, not a trend.

SHIB7.76%
BTC7.37%
XRP7.58%
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This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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