Despite Its Astounding Ascent in 2021, Which Climbed by 45,278,000% in a Single Year, It Remains 81% Below Its All-Time High. This Rise Turned a Small $3 Investment into over $1 Million

Despite its astounding ascent in 2021, which climbed by 45,278,000% in a single year, it remains 81% below its high. This rise turned a small $3 investment into over $1 million

Shiba Inu (CRYPTO: SHIB) has had an astounding ascent in 2021, climbing by 45,278,000% in a single year. However, it is still 81% below its high and this rise saw a small $3 investment turn into over $1 million, securing its position in financial history.

Shiba Inu is currently being sold for $0.000015 per token and many investors are wondering if the token can repeat its former performance and explode to $1 within 100 days. However, there is a major obstacle that makes this nearly impossible–a staggering $589 trillion hurdle.

Shiba Inu’s great availability still justifies its inexpensive price. At its present pricing, it boasts a considerable market capitalization of $9.3 billion, even with 589.25 trillion tokens in circulation. The fundamental problem is that Shiba Inu’s total market valuation would skyrocket to an incomprehensible $589.25 trillion if it were to hit $1 per token.

In terms of perspective, UBS estimates that the combined global wealth—including all companies, governments, and people—will be about $454 trillion in 2022. Hence, Shiba Inu’s market capitalization would be thirty percent more than all the wealth on Earth combined if it were to reach $1. It would also be 34 times more valuable than the total market capitalization of the top seven technology behemoths, which comes to $17.3 trillion. Obviously, such a valuation is unattainable under any financial model.

Shiba Inu’s only possible path forward would be drastically lowering its supply. The community is trying to do this through token burns, permanently removing tokens from circulation. However, progress has been slow on this front.

Burning tokens is often touted as a strategy to drive scarcity and raise price potential. Let's assume for a moment that the community managed to burn a staggering 99.99998% of all Shiba Inu tokens, leaving just 9.3 billion in circulation. In this extreme scenario, each token could theoretically reach $1 while preserving the present $9.3 billion market cap.

But considering the present rate of token burning, it's difficult to see such a significant reduction happening. The burn rate is 14.4 billion annually based on just 1.2 billion SHIB tokens burned in January. At this speed, it would take more than 40,919 years to burn the required quantity of SHIB to bring supply to a level where a $1 price is feasible. This implies that, in the short term, the ambition of SHIB to reach $1 is not only improbable but also unattainable.

Furthermore, burning tokens does not, by nature, generate value. If such a burn were successful, investors would simply be left with fewer tokens at higher prices, thus maintaining their overall worth. Ultimately, Shiba Inu’s only real long-term growth engine would be creating a significant use case, which would generate demand for the token.

Although Shiba Inu’s road to $1 seems unachievable, a new competitor is making waves in the cryptocurrency space: Rexas Finance (RXS). Unlike Shiba Inu, which has major supply-related challenges, Rexas Finance is being built on a strong foundation with a practical application.

Rexas Finance’s presale performance has been outstanding. As the initiative approaches the last period of its presale—currently priced at $0.20—it has already raised an impressive $46.67 million. Considering that 90.67% of the presale is already full and the launch price is set at $0.25, this signals the initiative’s strong appeal to investors.

What makes Rexas Finance unique is that it chose to remain independent for its expansion plans. This is in stark contrast to other cryptocurrency initiatives that depend on venture capital funding. Since its first presale stage, the coin has skyrocketed over 500% and become a hit among both institutional and retail investors. With price predictions going over $1 by 2025, top market analysts believe RXS is on track for a major comeback.

In contrast to SHIB, which has no practical use, Rexas Finance is tackling a real-world issue by introducing asset tokenization into traditional banking. This integration aims to revolutionize the way value is stored and exchanged within the global financial system.

To foster trust among investors, Certik—one of the most esteemed blockchain security firms—has completed the certification of Rexas Finance. Moreover, the company’s listing on major crypto data aggregators, like CoinMarketCap and CoinGecko, has heightened its credibility and visibility within the cryptocurrency sphere.

Given its rapid development potential, innovative use case, and strong investor interest, Rexas Finance