Shiba Inu: Can the Dogecoin Killer Realistically Reach $1 Despite Its Gargantuan Token Supply?
- Shiba Inu coin aimed to be "Dogecoin killer" but has evolved with more functionality like yield farming and NFT purchases
- However, its massive token supply (589 trillion) makes reaching $1 valuation near impossible, requiring a market cap greater than global economy
- Unlike peers, Shiba Inu lacks clear real-world utility and use cases beyond speculation appeal
- Despite passionate community, token volume is a huge economic hurdle to achieving $1 mark
- Reaching $1 per token may require more than just meme hype and would make Shiba Inu the most valuable asset globally