Math is a wonderful subject, as the solution decides if a point can meet or intersect in the next step. It provides a solution to a problem while calculating the possibilities before the final answer is pinpointed. The same math can also answer if Shiba Inu can reach $2 in the future.
Shiba Inu’s price was hyperactive during its early days, where math played no role, making investors believe it could reach $2. However, one cannot escape reality for long, as it comes stronger than ever to catch up to lost ground.
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Shiba Inu To $2? Let’s See the Math
There are two types of tokens in the cryptocurrency market: One is inflationary or deflationary. The tokens that come under the inflationary threshold see their supply expand over time. On the other hand, deflationary tokens are automated to reduce the numbers in circulation. It comes via burns, among other methods. SHIB falls under the deflationary category and is a boon and a bane at the same time. The math says that this is the reason why Shiba Inu might never reach $2.
SHIB’s circulation supply was 1 quadrillion tokens during launch, and 50% of it was sent to Ethereum founder Vitalik Buterin. He burned 90% of the supply he received, making it officially stand at 589 trillion. The math gives Shiba Inu a reality check right here for its big $2 dreams. SHIB is currently trading at $0.00001168 on Friday and is way below a penny. Its market cap is $6.8 billion, but its daily trading volume is being diluted due to a lack of buyers.
To reach $2, Shiba Inu’s market cap should be more than $600 trillion, and the math doesn’t support this claim. Why, you might ask? It’s because this much money simply does not exist in the world. $600 trillion is five times more than the value of global gross domestic product. A comet hitting Earth and wiping out all humans has more chances than SHIB reaching $2 at this point.
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