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Can DOGE & SHIB Still Hit $10? One Can — Here's The Simple Answer Why
Yahoo Finance· 2025-12-05 19:01
Core Insights - Dogecoin (DOGE) and Shiba Inu (SHIB) are being analyzed for their potential to reach a price of $10, with DOGE facing significant valuation challenges while SHIB's target appears virtually impossible [1][4]. Group 1: Dogecoin (DOGE) - To reach a price of $10, Dogecoin would require a market value of approximately $1.62 trillion, which is comparable to Bitcoin's current valuation but exceeds most global equity markets [2]. - The circulating supply of Dogecoin is around 161.6 billion tokens, and its annual inflation rate of about 5 billion coins further complicates the price target over time [2][3]. - Analysts suggest that achieving such a valuation would necessitate substantial real-world adoption and institutional investment, making the $10 target an extreme tail-risk scenario rather than a base expectation [3]. Group 2: Shiba Inu (SHIB) - Shiba Inu's situation is more restrictive, with a circulating supply of about 589 trillion tokens, implying a market value of nearly $5.89 quadrillion for a $10 price, which is over 40 times the total value of global equity markets [4][5]. - Current forecasts for SHIB suggest future prices in fractions of a cent, and while token burns exist, they are insufficient to significantly reduce the supply [5]. - To make a $10 target feasible, SHIB would need a supply reduction of over 99.999%, which is not supported by any current roadmap or governance proposals [5][7].