Shiba Inu is up over 260% compared to just a month ago, exciting all memecoin traders as the new Bitcoin halving event approaches. After a two-year dormancy period, the price reached $0.000045. Some price predictions say that the SHIB token will reach $1, but there is still a long way to go, so the outcome seems very unlikely.
Shiba Inu is introducing new use cases for the token and increasing its burn rate to reduce supply, but the current growth rate is not enough to reach $1 anytime soon. However, new memes like Scotty AI, Smog Token, and Sponge V2 could reach $1 in the coming period.
>>> Buy Bestcoin Now<<
It is very unlikely that the Shiba Inu will reach $1
Most experts agree that the SHIB token will continue to increase in value around the next Bitcoin halving event, but reaching $1 is out of the question. SHIB’s current price is $0.00003158, up over 260% in the last month and showing clear signs of bullish momentum. The platform surpassed more than 50% of all crypto assets on the market last year, but would need to grow more than 40,000x to reach $1.
Simply put, the difference between the current price and the $1 target is so large that even if the SHIB token grows 300 times, it will still be far from $1. Despite the large growth potential and impressive profits, demand for SHIB is unlikely to explode to $1. This kind of growth is unrealistic, and while it is possible that SHIB will reach $1 in the distant future, it won't happen anytime soon.
>>> Buy Bestcoin Now<<
589 trillion dollar problem
If you simply calculate the number of SHIB tokens in circulation, you arrive at an impossible problem that clearly shows that a price of $1 is simply impossible. With over 589 trillion SHIB tokens in circulation, Shiba Inu would need a market capitalization of $589 trillion to reach $1. Moreover, the chances of SHIB reaching $0.01 are slim as it would also require a market cap of over $5 trillion.
The total market capitalization of cryptocurrencies is $2.65 trillion. Microsoft, the world's largest company, is worth $3 trillion. The US GDP in 2023 was just under $28 trillion. Since the total amount of money in the world is around $460 trillion, the mathematics clearly shows that the SHIB token will not reach $1 unless more than 90% of the supply is burned soon. However, there are some new meme coins on the market that are likely to reach $1.
>>> Buy Bestcoin Now<<
Memes aiming for $1 in 2024
Shiba Inu has too many tokens in circulation and insufficient use cases, so even if they work together, they will probably never reach $1. However, emerging memes with much better tokenomics and use cases, such as Scotty AI, Smog Token, and Sponge V2, could explode to $1 with enough support from the community.
1. Scotty AI – A highly practical meme coin focused on AI-powered blockchain security solutions
Scotty AI may be a memecoin platform, but it offers great utility and features focused on blockchain security and fraud prevention. The goal is to enable the growing Scotty AI community to work together to create a variety of AI-powered blockchain security solutions using multiple tools and “building blocks” so that any threat can be thwarted. The goal is to have a highly capable anti-fraud system.
Users can build their own AI security solutions and buy and sell them in the built-in Scotty AI store using the native $SCOTTY token. Blockchain’s unique approach to security is attracting thousands of investors as the pre-sale continues. The event raised more than $3.3 million for him in just a few weeks, showing great potential for growth in 2024 and beyond.
>>>Buy Scotty AI now<<
2. Smog Token – A new Solana meme coin that is gaining huge support from the community
The situation surrounding Smog Token is developing very rapidly, allowing Smog Token to move up the ranks and test DogWifHat's current position as the most popular Solana-based meme coin. In other words, the $SMOG token went public on the Jupiter exchange without a pre-sale event, promising token holders the “largest airdrop in history.” After a few weeks of going live, the platform has reported an increase of over 50% and over 49,500 token holders in the past 24 hours.
The platform is up over 340% since going live and has grown exponentially over the past few days. The $SMOG token started at $0.0282 and reached a price of over $0.3 within two weeks. Investing and staking $SMOG tokens will earn you airdrop points, giving away a large amount of tokens to up to 100,000 token holders.
>>> Buy Smog Token Now<<
3. Sponge V2 – An upgraded version of one of the most popular memes of 2023
Sponge V2 is another high-yielding meme coin that could shake up the market in the coming months. This is an upgraded version of his $SPONGE token, one of the biggest meme gainers in 2023. The new version is built around a P2E racing game, so it offers more utility and is a great 100x investment option if you missed the previous version.
The current price of V2 is over 6300% higher than the launch price of V1, but the only way to get it is to buy and stake the original $SPONGE tokens. More than $21 million has already been staked on $SPONGE, demonstrating the platform's tremendous support from investors around the world. Connect your wallet now and stake your $SPONGE coins to earn 181% rewards before the next listing.
>>> Buy $SPONGEV2 now<<
The last word
The meme coin market is evolving faster than ever, and existing coins like Shiba Inu are falling behind new platforms designed according to the highest industry standards. The remarkable success of $SMOG proves that investors are looking for options with higher return potential, so to make the most of the upcoming crypto bull market, Scotty AI, Don't miss the chance to invest in upcoming memes like Smog Token, Sponge V2 and more.