Shiba Inu is up by over 260% in comparison with only one month in the past, and it’s getting all meme coin merchants excited as the brand new Bitcoin halving occasion attracts nearer. After two years of dormancy, it reached a value of $0.000045. Some value predictions put the SHIB token as excessive as $1, however the final result appears extremely unlikely because it nonetheless has a protracted strategy to go.

Whereas Shiba Inu introduces new use instances for its token and ups the burn price to cut back provide, its present development price is just not almost sufficient to get it to $1 anytime quickly. Nevertheless, new memes similar to Scotty AI, Smog Token, and Sponge V2 might attain $1 within the upcoming interval.

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Shiba Inu Reaching $1 is Extremely Unlikely

Whereas most specialists agree that SHIB tokens will maintain gaining worth earlier than and after the following Bitcoin halving occasion, reaching $1 is out of the query. SHIB’s present value is $0.00003158, and so they gained over 260% previously month, exhibiting clear indicators of bullish momentum. The platform outperformed over 50% of all crypto belongings in the marketplace previously 12 months, however so as to attain $1, it must develop by over 40,000 occasions.

Put merely, the hole between the present value and the goal of $1 is just too excessive, and even when SHIB tokens develop by 300x, they may nonetheless be removed from a greenback. Regardless of large development potential and spectacular beneficial properties, the demand for SHIB will unlikely enhance sufficient to blow up to $1. Progress like that’s unrealistic, and whereas SHIB might attain $1 within the distant future, it received’t occur anytime quickly.

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The $589 Trillion Downside

If we do some basic math with the variety of SHIB tokens in circulation, we come to an not possible drawback that clearly reveals {that a} value of $1 is solely not possible. There are over 589 trillion SHIB tokens in circulation, which implies that Shiba Inu would wish a market cap of $589 trillion to achieve $1. Furthermore, the probabilities of SHIB reaching $0.01 are meager as that will additionally require a market cap of over $5 trillion.

The complete cryptocurrency market cap is at $2.65 trillion. The biggest firm on the earth, Microsoft, is price $Three trillion. The U.S. GDP in 2023 was simply shy of $28 trillion. Even your complete sum of money on the earth is round $460 trillion, so the mathematics clearly reveals that SHIB tokens won’t attain $1, besides if over 90% of the provision is burned shortly. Nevertheless, there are just a few new meme cash in the marketplace with glorious probabilities of reaching $1.

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Memes With a Shot at $1 In 2024

Shiba Inu has too many tokens in circulation and inadequate use instances, which, when working collectively, forestall it from reaching $1 in all probability ever. Nevertheless, rising memes with significantly better tokenomics and use instances, similar to Scotty AI, Smog Token, and Sponge V2, might explode to $1 with sufficient assist from the group.

1. Scotty AI – Meme Coin With Excessive Utility Specializing in AI-Powered Blockchain Safety Options

Scotty AI could also be a meme coin platform, but it surely provides glorious utility and options specializing in blockchain safety and fraud safety. Its aim is to permit the rising Scotty AI group to collaborate on creating varied AI-powered blockchain safety options utilizing a number of instruments and “constructing blocks,” leading to extraordinarily succesful anti-fraud techniques that cease all threats of their tracks.

Customers can construct distinctive AI safety options and purchase or promote them within the built-in Scotty AI retailer utilizing native $SCOTTY tokens. The distinctive method to blockchain safety has attracted hundreds of buyers because the presale continues. The occasion raised over $3.Three million in just a few weeks, exhibiting large development potential in 2024 and past.

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2. Smog Token – New Solana Meme Coin Gaining Enormous Neighborhood Assist

The scenario surrounding Smog Token is creating extraordinarily shortly, permitting it to climb the ranks and check DogWifHat’s present place as the most well-liked Solana-based meme coin. Specifically, $SMOG tokens went stay on the Jupiter change and not using a presale occasion, promising token holders the “Biggest airdrop of all time.” Weeks after going stay, the platform reported beneficial properties of over 50% previously 24 hours and over 49,500 token holders.

The platform has gained over 340% because it went stay and has grown exponentially previously few days. $SMOG tokens launched at $0.0282, reaching costs of over $0.Three lower than two weeks later. Should you make investments and stake your $SMOG tokens, you’ll earn airdrop factors that may reward as much as 100,000 token holders with large quantities of tokens.

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3. Sponge V2 – Upgraded Model Of One Of The Most Well-liked Memes in 2023

Sponge V2 is one other high-gain potential meme coin about to shake the markets within the subsequent few months. It’s an upgraded model of the $SPONGE token, one of many largest meme gainers in 2023. The brand new model provides greater utility because it’s constructed round a P2E racing sport, and it’s the right 100x funding choice if you happen to missed the earlier model.

V2’s present value is over 6300% greater than the V1 launch value, however the one strategy to get it’s to purchase and stake the unique $SPONGE tokens. Over $21 million price of $SPONGE has been staked already, exhibiting the platform has monumental assist from buyers worldwide. Should you join your pockets and stake $SPONGE cash proper now, you’ll get 181% rewards earlier than the following itemizing.

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Closing Phrases

The meme coin markets are evolving quicker than ever, and present cash like Shiba Inu are falling behind newly rising platforms designed in response to the very best business requirements. $SMOG’s spectacular success proves that buyers are on the lookout for choices with greater return potential, so don’t miss your likelihood to spend money on upcoming memes, together with Scotty AI, Smog Token, and Sponge V2, to get probably the most out of the forthcoming crypto bull run.