Why Shiba Inu Reaching $1 Is a Tall Order

The Impossibility of a $1 Shiba Inu Coin

Don Guo, the CEO of the fintech company Broctagon, has shared some insights that may burst the bubble for those dreaming of Shiba Inu soaring to $1. According to him, the sheer financial requirement for this to occur is beyond imagination—literally greater than the cash available worldwide.

Crunching the Numbers: A Quadrillion-Dollar Market Cap

Speaking with Express.co.uk, Guo explained that for Shiba Inu (SHIB) to hit the $1 mark, its market capitalization would wish to skyrocket to an astronomical one quadrillion US dollars. To put this in perspective, he identified that the present U.S. National Debt stands at $23.3 trillion. Even though that number is mind-boggling by itself, it’s still lower than 3% of the colossal market cap SHIB would wish to succeed in a dollar.

The Reality Check

Based on current market trends, evidently Shiba Inu is more likely to stay priced at well under a cent. While it may be fun to dream about such massive gains, Guo suggests that the numbers just don’t add up for SHIB to succeed in that coveted dollar milestone. So, for now, Shiba Inu enthusiasts might need to regulate their expectations and revel in the ride in its current price range.

Image Credit: www.express.co.uk