Can Dogecoin or Shiba Inu Reach $10? Let's Break It Down

Dogecoin and Shiba Inu are two cryptocurrencies that have gained a lot of attention. But can either of them reach $10? Let's take a closer look. First, consider Dogecoin. There are about 161. 6 billion Dogecoins in circulation. If each one were worth $10, the total value would be around $1. 62 trillion. That's a huge number, but it's still less than Bitcoin's current value. However, Dogecoin is designed to create about 5 billion new coins every year. This means the target keeps getting harder to reach over time. Experts say that for Dogecoin to hit $10, it would need to be widely used in the real world. It would also need support from big investors and a growing digital asset market. Even in the best-case scenarios, a $10 Dogecoin is seen as a long shot, not something to expect anytime soon. Now, let's talk about Shiba Inu. This one is even more challenging. There are about 589 trillion Shiba Inu tokens out there. If each were worth $10, the total value would be nearly $5. 89 quadrillion. To put that into perspective, the value of all the stocks in the world is around $126 trillion. So, Shiba Inu's hypothetical value would be more than 40 times that! Even the most optimistic predictions for Shiba Inu see it reaching only a fraction of a cent. There is a process called "token burning, " where some tokens are removed from circulation. But even this isn't enough to make a $10 price possible. To reach that price, Shiba Inu would need to reduce its supply by more than 99. 999%. And there are no current plans to do that. It's important to note that low coin prices can be misleading. They might look attractive, but the huge supply can make it very hard for the price to go up. Dogecoin, with its smaller supply and strong community, has shown it can reach higher prices during bullish markets. Shiba Inu, on the other hand, would need a massive change in its supply to see similar gains. Both Dogecoin and Shiba Inu can still go up in value, especially if more people start trading them. But based on the current situation, only one of them has a realistic chance of reaching higher prices.