Will Shiba Inu Coin Reach $1?

Krutika Adani

For Shiba Inu to reach $1, it needs a high adoption rate and a very high burn rate.

The Shiba Inu team has launched Shibarium for high adoption rates, but it has not yet properly integrated with major exchanges and wallets.

Also despite the burn rate being high, only 76 billion $SHIB in 2023 were burnt out of 583 trillion.

Though the team has higher burn targets, the rates are not high enough.

All of these indicate that a $1 target could only materialize in the distant future.