Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

# The Ultimate Dream of SHIB Fans: From $0.000008 to $1? Math Tells You How Cruel the Truth Is



In 2021, SHIB created the most outrageous return in financial history—45,278,000%. An investment of $3 turned into $1 million, which sounds amazing. But the reality is that this dog coin has dropped over 90%, now stuck at a floor of $0.000008.

To reach $1? It needs to rise 12,500,000%. Does it still sound possible? Don't get too excited just yet.

**Supply kills all dreams**

589.2 trillion SHIB are in circulation. $1 per coin means a total market value of $589.2 trillion — five times the global GDP and ten times the total value of the S&P 500 companies. This has already exceeded any reasonable range.

**The only lifeline: burning coins**

The SHIB community wants to reduce the supply by burning tokens. Theoretically feasible. But the problem is — last month, 94.2 million tokens were burned, at this rate it would take **520,000 years** to burn enough coins to raise the price to $1.

Your great-great-great...great-grandson might still be burning.

**Heartbreaking Truth**

Even if it truly burns to $1, the purchasing power of each coin is diluted to nothing due to inflation. The number of coins you hold will decrease by 99.99998%, and the gains will offset to zero.

Any useful case? No. Store of value? No, either. SHIB is just a speculative product lacking core support.
SHIB6.59%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)