Shiba Inu enthusiasts are anxiously anticipating SHIB’s ascent to both the $0.01 threshold and the coveted $1 milestone during their lifetimes. The achievement of these goals could prompt a wave of resignations as investors transition into a financially secure phase of life. Present-day investors stand to reap substantial profits should SHIB attain either the $0.01 or $1 price targets.
Nevertheless, the pressing inquiry remains: When might SHIB eventually attain these milestones? What is the projected timeline for reaching these objectives? Perhaps the most significant question, that remains unanswered, is whether these achievements will occur within your lifetime.
Shiba Inu’s $1 Odyssey
On average, approximately 116 million Shiba Inu tokens are routinely burned and sent to the inactive wallet. Notably, Shibarium has not yet initiated token burns, with this process currently reliant on third-party applications. If this rate of 116 million tokens per day remains consistent, the yearly burn rate would amount to around 42 billion tokens. Considering that the typical investor is presently around 30 years old, and the average life expectancy is 80 years, there are approximately 50 years left in which to hope for SHIB to reach either $0.01 or $1. Consequently, over the next 50 years, the cumulative tokens burned annually will only reach 2.1 trillion tokens.
Given that SHIB has a total supply of 549 trillion tokens, the 2.1 trillion tokens burned over 50 years is a relatively small fraction. If we extrapolate based on the current burn rate (approximately 42 billion tokens per year), it would take SHIB an estimated 13,900 years to reach $1, according to calculations from the Motley Fool. Therefore, the question arises: Are you willing to wait another 50 years until you reach your 80s, with the hope that Shiba Inu will attain $0.01?
However, there is a glimmer of hope if Shibarium begins burning trillions of tokens each year. In such a scenario, SHIB might have a chance of reaching $0.01 within our lifetimes. In conclusion, the dream of reaching one cent now heavily depends on the effectiveness of the Shibarium token burn mechanism.