When will Shiba Inu reach $5? Our guess is probably never. Even with token burns, Shiba Inu coin will still have tokens in the hundreds of billions of tokens for many years to come. In essence, expecting it to trade at $5 would mean that it would be multiple times bigger than Bitcoin is today.
This is impossible for several reasons. Firstly, it would mean that the total crypto market would be upwards of $100 trillion. While these are just numbers and can always be reached, consider that today's whole world economy is worth about $80 trillion. That means the total market cap of cryptocurrencies would be bigger than the world economy.
This cannot happen because it would presume the world economy to be running entirely on cryptocurrencies. While cryptocurrencies are the future, there is a very slim chance that they will be the only key driver to the world economy.
The other scenario for Shiba Inu to reach $5 is one where the total crypto market remains within realistic levels, but Shiba Inu becomes the number one cryptocurrency. Again, this is highly unlikely. The top two cryptocurrencies are where they are today for a reason. They have use cases that have seen them transform key aspects of the world economy in a big way.
For instance, Bitcoin has emerged quite strongly as a potential replacement for gold in the store-of-value market. It is scarce and is much easier to store and transact than gold. This gives it a realistic shot at dethroning gold’s $8 trillion market capitalization.
On its part, Ethereum is the world’s largest platform blockchain and is the anchor to all kinds of DeFi applications. Due to its first-mover advantage, Ethereum has set the standard for developing decentralized applications, and the same reflects in its value today. With the Web3.0 set to be the next evolution of the web, Ethereum has a realistic shot at a trillion-dollar market cap.
Shiba Inu does not have similar metrics as Bitcoin or Ethereum. Much of its value is based on nothing but hype. There are very few clearly defined use cases of the SHIB token. In essence, if the hype keeps up, there is some chance that it could trade at $0.10 or even $1 at some point in the decade. However, expecting Shiba Inu to trade at $5 a token is a bit of a stretch.
It is even more unrealistic to expect the Shiba Inu coin to reach $10 at the end of 2025. The kind of market capitalizations such valuation would necessitate does not make sense in crypto or the broader world economy.
Such a price prediction would be presuming that Bitcoin would be trading at over $10 million a coin by 2025. This is not logical simply because cryptocurrencies do not operate outside of the world economy.
For Shiba Inu to reach $10 by 2025, it would mean that all the money in the economy today would be going into cryptocurrencies. It would also mean that all new money being printed by Central Banks globally would be going into cryptocurrency investments. There are no pointers to such a thing happening, and it’s unrealistic for this to happen in the next four years.
You need to understand that Shiba Inu’s rally to where it is today has a lot to do with its market cap. When it launched, Shiba Inu had a very low market cap, under $10 million. This gave it lots of room to grow by millions of percentages without leading to an unrealistic market capitalization.
Instead of basing investment decisions on such unrealistic expectations, it is best to accumulate Shiba Inu. This increases your odds of making good money as its price goes up.
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For instance, if you accumulate at least 100 million Shiba Inu today, you can make good money if it rallies to $0.01. Shiba Inu trading at $0.01 by 2025 is pretty realistic. It would only take a price increase of about 20,000% for Shiba Inu to reach this price. For a token that easily does 1000% gains in weeks, rallying by 20,000% in the next 5-years is achievable.
Expecting Shiba Inu to trade at $0.01 by 2025 is not just wild speculation. There are a couple of factors that could push it to this price level. One of them is the bitcoin halving of 2024.
Each crypto has internal factors that move it. However, one cannot discount the impact that Bitcoin has on the market. For instance, the Bitcoin block halving triggered the crypto market rallies of 2017 and 2020.
The next block halving will be in 2024, and things are unlikely to be any different. Analysts expect that the Bitcoin block halving of 2024 could push the price of Bitcoin to over $500k. Even if it misses that target and trades at $250k in 2024, it could still uplift altcoins by a huge margin. For tokens like Shiba Inu that respond well to the hype, the block halving could see the value SHIB easily hit $0.01.
Aside from the hype that the Bitcoin halving could generate, Shiba Inu has several internal factors that could help drive up its price. One of them is the token burn. Over time, the SHIB token supply has been going down, and this year alone, it has shrunk by about 50%.
Through transactions, more tokens will be burned over time. By 2025, the amount of Shiba Inu in circulation will have shrunk significantly. Based on the laws of demand and supply, this could help drive up the value of SHIB by a huge margin. As demand grows, it will be chasing fewer tokens in supply hence pushing up the price.
The adoption of Shiba Inu is growing as well. While SHIB is not used in many places today, adoption is on the rise. By 2025, it could be widely used, which will have a huge impact on its price.
When you throw out unrealistic price predictions like $5 or $10 SHIB by 2025, there is a lot to look forward to for Shiba Inu.
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