Shiba Inu, a meme cryptocurrency, had a record-breaking year in 2021 with a 45,278,000% return, but it has since dropped more than 90%. The token lacks a true use case and struggles to maintain momentum. The community is actively burning tokens to reduce supply and potentially increase value. However, reaching $1 per token is unrealistic due to the massive supply and market cap implications. Investors should consider the risks before buying stock in Shiba Inu, as the token faces significant challenges in reaching the $1 milestone.

Read more at Nasdaq: Can Shiba Inu Reach $1 in 2026? The Answer Might Blow Your Mind.