- Shiba Inu (SHIB) has risen by more than 12.5 million percent since Nov. 28, 2020, per CoinGecko data.
- SHIB has shown weak price action over the last few months despite its long-term gains.
- One major past catalyst was Vitalik Buterin receiving half the token supply and burning 90% of it.
- SHIB’s circulating supply remains about 589 trillion tokens, making a repeat of the earlier rally unlikely; a 12.56 million percent rise would place each token at $0.893 and the market cap near $525.9 trillion.
- Telegaon analysts project SHIB could hit $0.893 after 2050, if at all.
Shiba Inu (SHIB) has struggled to produce positive price moves in recent months even though it remains one of the best-performing crypto assets over the last few years, with CoinGecko data showing a rise of more than 12.5 million percent since Nov. 28, 2020. Traders and observers note the contrast between that historical surge and the token’s current lackluster momentum.
One of the clearest drivers of SHIB’s earlier gains was Vitalik Buterin receiving half of the token’s total supply and burning 90% of those coins. That sudden reduction in effective supply coincided with a major price surge for the token.
The project still reports a circulating supply near 589 trillion tokens, which presents a significant barrier to repeating the 2020–2021 rally. High token counts dilute per-unit price potential unless large burns or other supply reductions occur.
Analysts calculate that a further gain of about 12.56 million percent would push SHIB to $0.893 per token and lift its market capitalization to almost $525.9 trillion. That market cap is far larger than the combined GDP of developed nations, so reaching that price from current supply levels appears highly unlikely.
According to Telegaon analysts, SHIB could reach $0.893 sometime after 2050, more than 25 years from now. The analysis concludes that only a substantial supply reduction would make such returns feasible.
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