It is extremely unlikely that Shiba Inu Coin ($SHIB) will reach $1 before 2025. In addition to the reasons mentioned above, the following additional analysis is provided:
Market Level
• Intense competition: New meme coins and other projects continue to emerge in the cryptocurrency market, such as Pepe and Bonk, which have impacted the market appeal and share of Shiba Inu Coin.
• Macro environment: There is uncertainty in the attitude and regulation of cryptocurrencies in the global economic and policy environment, which may limit the development of Shiba Inu Coin.
• Comparison of historical growth: From historical data, although Shiba Inu Coin has risen sharply, the growth required to reach $1 is far beyond its previous growth level.
Technical Level
• Performance and application limitations: Despite the development of technologies such as Shibarium, Shiba Inu Coin does not have an obvious absolute advantage in technology as a whole, and is not outstanding enough in terms of smart contracts, transaction speed, security, etc. to support its high market value.
• Risk of technology upgrade: The upgrade and application of technologies such as Shibarium face risks such as technical difficulties and market acceptance, and may not necessarily drive the price of Shiba Inu Coin up as expected.
In summary, it is almost impossible for Shiba Inu Coin to reach 1 USD before 2025, but the crypto market is uncertain, and there is a very small probability of unexpected situations.
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