Shiba

Cryptocurrency

Solana

Shiba Inu

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 <p class="paragraph">Analyzing tokenomics is a fundamental part of cryptocurrency investing. Supply inflation or deflation plays a meaningful role in the performance of cryptocurrencies.</p>
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 <p class="paragraph">With that in mind, Finbold looked at Shiba Inu (SHIB) tokenomics from a different perspective. Public <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> data from leading indexes can demonstrate the effects of an increased supply inflation. It is possible to calculate the exact <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> SHIB would <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a> if it ever hits the all<a rel="noopener noreferrer nofollow" title="-time" href="https://thebittimes.com/tag/time.html">-time</a> high <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap.</p>
 <p class="paragraph">A token needs more demand to keep its same value, facing an inflationary supply and less demand facing a deflationary one. These two factors influence whether a cryptocurrency’s price rises or falls. Each cryptocurrency, including Shiba Inu, has its unique ‘tokenomics’ structure.</p>
 <p class="paragraph">SHIB had an all<a rel="noopener noreferrer nofollow" title="-time" href="https://thebittimes.com/tag/time.html">-time</a> high <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap of $249.833 billion on May 11, 2021, according to <em>TradingView</em>’s CRYPTOCAP index. According to multiple sources, Shiba Inu started with a circulating supply of 1 quadrillion SHIB, suggesting a <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> as high as $0.000249833 on that day.</p>
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       <h3 class="font-bold leading-6 " id="sol-would-trade-at-this-price-if-solana-hits-its-all-time-high-market-cap">SOL would trade at this price if Solana hits its all-time high market cap</h3>
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 <p class="paragraph">However, <em>CoinMarketCap</em> set an all-time high price of $0.00008185 for SHIB on October 28, 2021. At that time, Shiba Inu registered a $54.223 billion capitalization, the second-highest value on <em>TradingView</em>. An inverse calculation suggests a circulating supply of around 662 trillion.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="662" src="https://cdn.thebittimes.com/images/2023/11/24/4cc5d55732851332aeaf7ac401d0002d.webp" alt="CRYPTOCAP – SHIB daily market capitalization" class="wp-image-139278" srcset="https://cdn.thebittimes.com/images/2023/11/24/4cc5d55732851332aeaf7ac401d0002d.webp 1024w, https://cdn.thebittimes.com/images/2023/11/24/4cc5d55732851332aeaf7ac401d0002d.webp 300w, https://cdn.thebittimes.com/images/2023/11/24/4cc5d55732851332aeaf7ac401d0002d.webp 768w, https://cdn.thebittimes.com/images/2023/11/24/4cc5d55732851332aeaf7ac401d0002d.webp 1536w, https://cdn.thebittimes.com/images/2023/11/24/4cc5d55732851332aeaf7ac401d0002d.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
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   CRYPTOCAP – SHIB daily market capitalization. Source: <em>TradingView</em>
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 <h2 class="wp-block-heading" id="h-shiba-inu-supply-deflation-and-its-economic-effects"><strong>Shiba Inu supply deflation and its economic effects</strong></h2>
 <p class="paragraph">Let’s explore SHIB’s supply deflation and its economic implications. Shiba Inu has a circulating supply of 589.346 trillion SHIB as of the time of this writing. This results from a supply deflation of 410.66 trillion SHIB (41%) since May 2021 and 72.66 trillion SHIB (11%) since October 2021.</p>
 <figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="568" height="188" src="https://cdn.thebittimes.com/images/2023/11/24/59c2e1c10745875445dcb2a430e46261.webp" alt="Shiba Inu supply." class="wp-image-139280" srcset="https://cdn.thebittimes.com/images/2023/11/24/59c2e1c10745875445dcb2a430e46261.webp 568w, https://cdn.thebittimes.com/images/2023/11/24/59c2e1c10745875445dcb2a430e46261.webp 300w" sizes="(max-width: 568px) 100vw, 568px">
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   Shiba Inu supply. Source: <em>CoinMarketCap</em>
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 <p class="paragraph">The price projection also shows the massive economic effects of this deflation. In case the meme token reaches any of its highest speculative demands, measured by market cap, SHIB would trade at a proportionally higher price than the corresponding all-time high.</p>
 <p class="paragraph">Considering the circulating supply on November 24, Shiba Inu would be priced at $0.000424 per token at its highest capitalization. Interestingly, a surge of $0.000175 (70%) from the previous price of $0.000249 in 2021.</p>
 <p class="paragraph">Additionally, this indicates a potential 5,200% increase from the current price of $0.000008.</p>
 <p class="paragraph">It is important to understand that the forecast requires the same demand as 2021 for Shiba Inu. In this context, there are no guarantees that this demand will ever be seen again. The discrepancy on the considered all-time high must also be considered, as the highest capitalization could have been a price anomaly.</p>
 <p class="paragraph">Moreover, the Shiba Inu smart contract allows for a supply increase at any moment. In case it ever happens, the supply inflation will drastically affect SHIB’s performance.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shib-would-trade-at-this-price-if-shiba-inu-hits-its-all-time-high-market-cap-tbt71490.html">https://thebittimes.com/shib-would-trade-at-this-price-if-shiba-inu-hits-its-all-time-high-market-cap-tbt71490.html</a></p>

SHIB would trade at this price if Shiba Inu hits its all-time high market cap

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