Currently, as we speak on the 16th of July in the morning, the total value of the cryptocurrency market stands at an impressive $3.8 trillion. However, it’s important to note that this massive figure has led some to approach the industry with a measure of caution. After all, there are still instances of crypto scams, and the usefulness or validity of cryptocurrencies is debated by many.
Indeed, certain tokens have become significant victories for adventurous investors due to their capacity to amass a substantial following. This is precisely what the Shiba Inu (SHIB) has managed to achieve. Despite trading at 84% below its highest point, it has nevertheless experienced an extraordinary surge since its debut in 2020.
Could it be possible that the trend persists until the end of this current decade, with Shiba Inu potentially reaching a value of $1 per token by the year 2030?
Hype and speculation
The graph of Shiba Inu’s past prices is similar to a thrilling roller coaster ride due to brief instances of significant price spikes. These surges took place at the end of 2021, when Shiba Inu reached an all-time high in October during an intense bull market. Similarly, there were two such occurrences in 2024; however, the price dropped sharply in the ensuing months as the demand proved unsustainable.
This indicates that the value of a token is affected by short-term excitement waves. Individuals who can accurately predict these and make trades at opportune times will reap significant profits. However, doing so consistently requires a massive dose of good fortune.
Shiba Inu’s path to $1
The token for Shiba Inu dogs is worth approximately $0.0000139 now. If we want this price to reach $1 within the next five years, it would require an astronomical increase of about 72,000 times. This corresponds to a mind-blowing compound annual growth rate (CAGR) of 836%. Interestingly, Bitcoin, the world’s leading digital asset, has only grown at an average yearly rate of 67% over the past five years.
590 trillion Shiba Inu coins are currently in circulation. If the token supply remains unchanged, it would result in a highly improbable market capitalization of approximately $590 trillion by the year 2030.
The world’s leading economy, the United States, boasted a Q1 2025 annualized GDP of an astonishing $30 trillion. On the global stage, Nvidia, a tech giant and leader in artificial intelligence, has amassed a market capitalization surpassing $4 trillion. However, given the current supply, it’s highly unlikely for Shiba Inu to reach a value of $1 per token.
On the other hand, the network is actively working towards resolving the issue. Meanwhile, Shiba Inu is currently destroying some of its coins. Introducing scarcity like this may spark more interest as a result.
Reducing the speed at which these coins are being destroyed won’t make a substantial impact on the overall supply, since just 180,000 coins were eliminated in the last 24 hours. Even if we drastically decrease the total number of tokens to boost their value, it doesn’t automatically mean that the entire network would become more valuable. Instead, each holder would possess fewer tokens, but those remaining tokens would have a higher individual worth.
Hanging on
It appears that Shiba Inu is currently trading at 84% below its highest point, suggesting a decrease in market enthusiasm. It’s important to note that there may be occasional price surges followed by drops, but unless there are practical applications that encourage widespread use among both users and developers, I believe Shiba Inu will persist, albeit possibly struggling, in the years to come.
Supporters might emphasize features such as the Layer-2 platform Shibarium, designed to reduce costs and increase transaction speeds. Additionally, they may mention ShibaSwap, a decentralized trading platform, and a metaverse. Yet, I struggle to find any tangible benefits in these aspects.
In simpler terms, the challenge for Shiba Inu is increasing complexity as it competes against numerous other cryptocurrencies. Speculators have plenty of choices to dabble with, and some are undeniably unstable. However, for investors who prioritize safety over immediate gains in the crypto world, nothing surpasses Bitcoin as a long-term investment option.
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2025-07-20 14:58