Here’s What Could Send Shiba Inu (SHIB) Price to $0.01

Shiba Inu continues to generate attention in the cryptocurrency space, especially with growing speculation that the token could eventually reach a price of $0.01. While this goal remains controversial, a combination of strategic factors may support its long-term potential. Can SHIB Realistically Reach $0.01? The debate over SHIB hitting the $0.01 mark has divided analysts and investors. The token’s massive supply, currently around 589.5 trillion, poses a significant hurdle. If SHIB were to reach $0.01 with this supply intact, it would result in a market capitalization close to $5.89 trillion, far exceeding Bitcoin’s current valuation and surpassing the market cap of many global assets. Despite this, Shiba Inu’s marketing lead, Lucie, has suggested the target is not impossible, though she cautioned that reaching it will take time. Similarly, community figure Luis Delgado (known as Del Crxpto) argued that the unpredictability of the crypto market makes such outcomes feasible. Changelly analysts have also weighed in, predicting that the $0.01 milestone could be achieved by 2040. What Could Help SHIB Reach This Target? Achieving a $0.01 price point would require major shifts across various dimensions, including token supply, market demand, and adoption. Supply Reduction Through Token Burns One of the most practical strategies involves lowering the circulating supply through token burns. This means sending tokens to addresses where they can no longer be accessed or used. These burns can be driven by the SHIB community, the Shibarium network, or cryptocurrency exchanges like Binance and Coinbase using transaction fees. A significant decrease in supply would reduce the market cap needed to hit higher price points. For instance, if SHIB’s total supply were cut to 50 trillion, a price of $0.01 would imply a $500 billion market cap, and more attainable compared to its current scenario. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Bitcoin and Market-Wide Growth Shiba Inu’s performance has historically mirrored Bitcoin’s trends. Data shows that SHIB’s price has tracked closely with BTC over the past few months, reflecting an 87% correlation rate. If Bitcoin reaches $1 million in the future, it would likely lead to a sharp rise in overall market capitalization, lifting altcoins like SHIB higher. SHIB has also demonstrated a tendency to outperform BTC during strong market rallies. Utility Expansion and Ecosystem Development Wider adoption of SHIB as a payment method could also fuel demand. Integration with global platforms such as Amazon, Shopify, Uber, and Netflix would create real-world use cases, improving the token’s long-term prospects. Additionally, the growth of the ecosystem through DeFi usage, gaming projects, Web3 tools, and Shibarium transaction activity may support upward price pressure by increasing utility and driving token burns. Influence of Social and Media Momentum Public figures and media exposure continue to help the trajectory of meme coins. Although Elon Musk has not endorsed SHIB, a change in stance from influential personalities could rapidly increase interest. Furthermore, media attention during bullish phases has historically contributed to large inflows into speculative assets like SHIB. While the token reaching $0.01 remains uncertain and would require major structural shifts, it is not entirely impossible. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Here’s What Could Send Shiba Inu (SHIB) Price to $0.01 appeared first on Times Tabloid .

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