Shiba Inu's Journey To $1: How Much Does It Need To Jump?

Last month, Shiba Inu SHIB/USD, unveiled its highly anticipated layer-2 solution called Shibarium, despite encountering initial challenges.

What Happened: The development of Shibarium was driven by a primary objective: to address the scalability concerns of Ethereum ETH/USD.

With the aim of achieving the extraordinary milestone of reaching $1, Shiba Inu finds itself in a race against the odds. However, the question remains: Is this feat realistically achievable?

To reach the $1 mark, the market cap of Shiba Inu would need to skyrocket to a staggering $589.59 trillion. Given these astronomical figures, attaining such a market cap for SHIB appears highly improbable and unrealistic.

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Why It Matters: Furthermore, to bridge the gap and reach the desired milestone, SHIB would need to undergo extraordinary growth, amounting to a 13.16 million percent increase.

Price Action: At the time of writing, SHIB was trading at $0.000007656, up 1.97% in the last 24 hours, according to Benzinga Pro.

Photo by Furkan Cubuk on Shutterstock

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