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Shiba Inu

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 <p>Several members of the community believe that the growing adoption could put Shiba Inu on the path leading to $0.01. However, getting there will not be that easy. To pull off a ”rabbit out of the hat,” SHIB will have to delete multiple zeros. The overall utility of Shiba Inu and the demand-supply dynamics will also play a critical role in molding the long-term price of the asset.</p> 
 <p><strong>Also Read:&nbsp;Shiba Inu: A $1,000 Investment Turns to $15 Million in Sept. 2023</strong></p> 
 <h3 class="wp-block-heading" id="h-shib-s-1-cent-target">SHIB’s 1-cent target</h3> 
 <p>The SHIB Army strongly believed that SHIB could attain 1 cent in the future. A rise to this benchmark target would fetch investors an ROI of 137,451.6% from the current price. A recent <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of the burn rate suggested that investors could have to wait for roughly 46,296 years for the asset to eventually attain this target.</p> 
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 <p>To reach a price of $0.01, SHIB’s market cap will have to inflate to around $6 trillion. This means SHIB will have to individually grow to become six times the size of the entire crypto market. These prerequisites seem beyond far-fetched at the moment, and it does not seem like SHIB will reach there in the short or mid-term.&nbsp;The report pointed out, </p> 
 <p><strong>“A $5.9 trillion market cap would make Shiba Inu bigger than Apple. It’s an extremely speculative objective which is outside the realms of possibility for at least the next 20 years.”&nbsp;</strong></p> 
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  <img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/09/26/d646f94a0ff906ee56a12d21c8767b34.webp" alt class="wp-image-113015" srcset="https://cdn.thebittimes.com/images/2023/09/26/d646f94a0ff906ee56a12d21c8767b34.webp 1024w, https://cdn.thebittimes.com/images/2023/09/26/d646f94a0ff906ee56a12d21c8767b34.webp 300w, https://cdn.thebittimes.com/images/2023/09/26/d646f94a0ff906ee56a12d21c8767b34.webp 768w, https://cdn.thebittimes.com/images/2023/09/26/d646f94a0ff906ee56a12d21c8767b34.webp 380w, https://cdn.thebittimes.com/images/2023/09/26/d646f94a0ff906ee56a12d21c8767b34.webp 550w, https://cdn.thebittimes.com/images/2023/09/26/d646f94a0ff906ee56a12d21c8767b34.webp 800w, https://cdn.thebittimes.com/images/2023/09/26/d646f94a0ff906ee56a12d21c8767b34.webp 1160w, https://cdn.thebittimes.com/images/2023/09/26/d646f94a0ff906ee56a12d21c8767b34.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Crypto News
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 <p><strong>Also Read:&nbsp;Shiba Inu: AI Says ‘Exciting Ups’ Lie Ahead for SHIB</strong></p> 
 <p>Burning its way up to $0.01 seems like a far cry. Nevertheless, the report pointed out that such a scenario was not completely out of the equation. That being said, the current numbers are underwhelming. Giving a reality check, the report concluded by asserting, </p> 
 <p><strong>“Whether by market cap or by token burning, a Shiba Inu price of $0.01 is unlikely even in the next few bull markets. Chances are it’s a battle not even your grandkids could take up.”</strong></p> 
 <p><strong>Also Read:&nbsp;Shiba Inu Could Reach $1 by 2024? Here’s a Reality Check</strong></p> 
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  <li>shib</li>
  <li>shiba inu</li>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/shiba-inu-new-calculation-predicts-when-shib-could-hit-0-01-tbt64095.html">https://thebittimes.com/shiba-inu-new-calculation-predicts-when-shib-could-hit-0-01-tbt64095.html</a></p>

Shiba Inu: New Calculation Predicts When SHIB Could Hit $0.01

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