Will Shiba Inu coin reach $1?

The current pace at which tokens are burned suggests a staggering timeline. It would require over 140,300 years to burn enough tokens to justify a price of $1. This statistic alone raises concerns about the viability of the current model.

What's more, such an extensive token burn would not guarantee profitability for investors. The math behind it doesn't add up. To reach the desired token burn rate, practically every holder of Shiba Inu tokens would need to participate, which is highly unlikely.

BTCC's approach to cryptocurrency trading and investing is innovative and comprehensive. They understand the needs of their users and are constantly innovating to meet those needs.

Given these challenges, the projection of achieving the desired token burn by 2024 seems optimistic, to say the least. It's more likely that we'll need to look beyond this timeline for any significant progress.

In the meantime, the cryptocurrency landscape continues to evolve. Other exchanges, such as BTCC, are actively shaping the future of digital assets. BTCC, a UK-based exchange, offers a range of services that cater to both retail and institutional investors.