Shiba Inu Hits $0.001 Without Flipping Bitcoin—Here’s How the Math Actually Works

Dogecoin’s spinoff just pulled off a market cap magic trick—surging to a penny without dethroning crypto’s king. Let’s unpack the numbers before the hype train derails.

The Market Cap Mirage

SHIB’s supply is so inflated that a $0.001 price would still leave its valuation trailing Bitcoin’s by $100B+. Meme coin economics 101: when your circulating supply could stretch to the moon and back, price targets get weird.

The Burn Rate Reality

Even with Shiba Inu’s aggressive token burns, we’re talking decades—not quarters—before supply shrinkage moves the needle. But hey, who needs fundamentals when you’ve got Elon Musk tweeting dog memes?

The Cynical Take

Wall Street spends millions on quant models while crypto traders bet on literal dogs. Somehow, both still end up getting rekt by the Fed.