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What Happens If Shiba Inu (SHIB) Reaches $1?
If Shiba Inu reaches $1, every present-day investor will make a minimum of $1 million. The profits could range from $1 million to more than $100 billion per investor, based on the number of SHIB tokens they hold. It is a perfect dream sequence where everyone can mint as much money as they want. The money supply would be so much that it would last throughout generations, unless someone messes it up really badly.
That being said, not every dream comes true, as making Shiba Inu reach $1 is next to impossible. They say ‘nothing is impossible,’ but SHIB at $1 is actually impossible. While there’s nothing wrong with daydreaming, wanting it to happen in reality might hurt your feelings. In this article, we will explain what exactly would happen if SHIB reaches the $1 milestone.
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Also Read: Shiba Inu Rises: First Meme Coin on DeFi Platform Folks Finance## If Shiba Inu Reaches $1, What Will Happen to the Financial World?
Also Read: Chainlink Brings Shiba Inu (SHIB) to Cross-Chain Lending With 10.93% APY
Also Read: Chainlink Brings Shiba Inu (SHIB) to Cross-Chain Lending With 10.93% APYSHIB has a circulating supply of 589 trillion tokens, according to SHIB data from Etherscan. If Shiba Inu reaches $1, its market cap needs to become $589 trillion. That is more than 5 times the world’s entire economy. It is nearly impossible to achieve this feat, as so much money does not even exist in the world. It is not realistic to hope that SHIB would ever get there in our lifetime. However, the most practical long-term target would be $0.001, and that too after years and decades.