According to CoinMarketCap, the second largest meme coin surged over 34% over the last seven days.

That sparked the old question among traders—will Shiba Inu reach $1?

Quick math will reveal that SHIB’s path to $1 is almost impossible, but that’s not to say that you can’t make profits with it.

Another meme coin niche that could be interesting are SHIB inspired derivatives like Shiba Galaxy ($SHIBG) for example.

Let’s see if Shiba Inu can really reach $1 and what Shiba Galaxy is all about.

Math Makes SHIB’s $1 Goal Almost Impossible

The question of whether SHIB can reach a $1 valuation has been floating around since the token’s launch in 2020.

One of the main obstacles that stopped the meme coin on its way to $1, is its enormous supply of 589 trillion tokens.

At $1, SHIB’s market value would hit $589 trillion – a sum that exceeds both the entire crypto market and global economy combined.

Even at $0.01, SHIB would need a $5.89 trillion market cap, more than Bitcoin and Ethereum’s total value. Though this might appeal to optimistic investors, the numbers paint a stark picture.

The SHIB team’s token burn methods aim to cut supply, but the challenge remains huge. The team must eliminate trillions of tokens to make a real impact.

These math fundamentals make $1 or even $0.01 near impossible for SHIB.

On the other hand, recent CoinGecko data shows the latest SHIB price rally has lost steam.

That’s why investors could consider a split strategy – new projects like Shiba Galaxy ($SHIBG) could complement SHIB positions in a diverse portfolio.

Shiba Galaxy – The L2 Revolution That Makes Meme Coins Matter

Think meme coins can’t provide real value? Shiba Galaxy ($SHIBG) proves otherwise.

This new L2 blockchain takes everything fun about meme culture and adds real utility – they’re making transactions 100x more efficient and way cheaper than Ethereum.

The project put their focus on builders and holders. Instead of just hype, developers get actual grants to create on the chain.

Token holders don’t just watch numbers – they earn staking rewards and vote on the project’s next moves. This puts real power in the community’s hands.

At $0.111 per $SHIBG during presale, early investors get a low entry point.

But here’s what makes the project so special: all transactions run on a specialized Layer-2 chain. This means no more painful Ethereum gas fees or slow transaction times that plague other projects.

The Shiba Galaxy team saw a clear problem: meme coins bring the excitement, but often fall short on technology.

Their solution? Build a platform that keeps the fun spirit of meme coins but packs serious technical punch.

The result is a network ready for both viral moments and practical crypto use – because who says you can’t have both?

Developers Can Launch Their Own Projects on SHIBG’s Network – Meet the Shiba Galaxy Builders Collective

With the “Shiba Galaxy Builders Collective,” independent developers now have the freedom to bring their ideas to life on the Shiba Galaxy Chain.Thanks to grants and rewards, creators can develop projects, dApps, and NFTs, to attract top innovators and deliver value to both users and developers.

Shiba Galaxy also turns token holders into decision makers with its bold staking plan. Staking is set to start in Q1 2025. This project is all about community. Token holders get a say in Shiba Galaxy’s evolution through voting and feedback, so they have an active role rather than just a spectator seat.

This isn’t just about rewards – it’s about real influence. Each staked token gives holders voting power over key protocol decisions.

The strategy makes sense: align long-term supporters with the project’s future through active governance participation.

Conclusion

While SHIB’s path to $1 might be impossible, the meme coin trend it created opened doors to next-gen projects like Shiba Galaxy.

SHIBG takes the community spirit that made SHIB famous and adds L2 technology, real utility, and staking rewards.

At $0.111 in presale, it offers an early entry point to investors who want both the excitement of meme coins and practical blockchain solutions.

If you missed out on SHIB’s early days, $SHIBG could be interesting to watch in the current market conditions.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.