Shiba

Rally

Solana

Shiba Inu

Chainlink

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 <p>Shiba Inu (SHIB) has finally overcome its $0.000008 resistance level, rallying over 23% over the last month and 8.5% in the previous week. However, despite the recent price spike, SHIB is up by only 6.4% since January 2023. Bitcoin (BTC), on the other hand, is up by over 120%, while Solana (SOL) and Chainlink (LINK) are up by over 300% and 160%, respectively. Nonetheless, SHIB fans and investors have not lost hope in the memecoin. Many anticipate the dog-themed crypto to pick up steam very soon.</p>
 <p><strong>Also Read: Shiba Inu: SHIB Team Member Reveals Plans for 2024-2025</strong></p>
 <figure class="wp-block-image size-large is-resized"><img decoding="async" width="1024" height="866" src="https://cdn.thebittimes.com/images/2023/11/10/9856499eda87fc7a66188fd2acf9c2bf.webp" alt="Shiba Inu (SHIB) has finally overcome its $0.000008 resistance level, surging over 23% over the last month and 8.5% in the previous week." class="wp-image-118511" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2023/11/10/9856499eda87fc7a66188fd2acf9c2bf.webp 1024w, https://cdn.thebittimes.com/images/2023/11/10/9856499eda87fc7a66188fd2acf9c2bf.webp 300w, https://cdn.thebittimes.com/images/2023/11/10/9856499eda87fc7a66188fd2acf9c2bf.webp 768w, https://cdn.thebittimes.com/images/2023/11/10/9856499eda87fc7a66188fd2acf9c2bf.webp 1536w, https://cdn.thebittimes.com/images/2023/11/10/9856499eda87fc7a66188fd2acf9c2bf.webp 380w, https://cdn.thebittimes.com/images/2023/11/10/9856499eda87fc7a66188fd2acf9c2bf.webp 550w, https://cdn.thebittimes.com/images/2023/11/10/9856499eda87fc7a66188fd2acf9c2bf.webp 800w, https://cdn.thebittimes.com/images/2023/11/10/9856499eda87fc7a66188fd2acf9c2bf.webp 1160w, https://cdn.thebittimes.com/images/2023/11/10/9856499eda87fc7a66188fd2acf9c2bf.webp 1654w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <h3 class="wp-block-heading" id="h-can-shiba-inu-reach-0-01-by-2030">Can Shiba Inu reach $0.01 by 2030?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2023/11/10/9af58d611b844aa3425c3f666136ff16.webp" alt class="wp-image-118377" srcset="https://cdn.thebittimes.com/images/2023/11/10/9af58d611b844aa3425c3f666136ff16.webp 1024w, https://cdn.thebittimes.com/images/2023/11/10/9af58d611b844aa3425c3f666136ff16.webp 300w, https://cdn.thebittimes.com/images/2023/11/10/9af58d611b844aa3425c3f666136ff16.webp 768w, https://cdn.thebittimes.com/images/2023/11/10/9af58d611b844aa3425c3f666136ff16.webp 1536w, https://cdn.thebittimes.com/images/2023/11/10/9af58d611b844aa3425c3f666136ff16.webp 380w, https://cdn.thebittimes.com/images/2023/11/10/9af58d611b844aa3425c3f666136ff16.webp 550w, https://cdn.thebittimes.com/images/2023/11/10/9af58d611b844aa3425c3f666136ff16.webp 800w, https://cdn.thebittimes.com/images/2023/11/10/9af58d611b844aa3425c3f666136ff16.webp 1160w, https://cdn.thebittimes.com/images/2023/11/10/9af58d611b844aa3425c3f666136ff16.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>For SHIB to reach a price of $0.01, it would have to grow by around <a rel="noopener noreferrer nofollow" title="117000%" href="https://thebittimes.com/tag/117000.html">117000%</a>. This level of growth is not something the project has not done. Between its launch in August 2020 and reaching its all-time high in October 2021, Shiba Inu rallied almost 67 million percent. Hence, a rally of 117k percent is not out of the question. However, SHIB’s rally in 2021 had a lot of other driving factors.</p>
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 <p><strong>Also Read: Shiba Inu: SHIB Futures Surge Amid New Wallet Feature Reveal</strong></p>
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 <p>Firstly, Ethereum (ETH) co-founder Vitalik Buterin had received half of Shiba Inu’s (SHIB) circulating supply when the project had launched. However, Buterin decided to burn 90% of the tokens he received. The burns led to a significant reduction of SHIB’s supply. The project would need to undertake a similar level of token burns if SHIB is to rally as it did in 2021. The team has said it is working on a new burn mechanism, rumored to destroy trillions of tokens yearly. However, the team has not given any tentative launch date.</p>
 <p>Nonetheless, burns alone will not push the token’s price. According to Shiba Inu (SHIB) lead developer Shytoshi Kusama, the project would need a significant spike in adoption. The project recently launched its layer-2 network, Shibarium, which could lead to more applications built on SHIB and, hence, may lead to a rise in adoption.</p>
 <p>Therefore, SHIB could reach a price of $0.01 by 2030, but there are conditions to reach this level. Firstly, the project will have to reduce its supply, and secondly, it would need to drive up mass adoption.</p>
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  <li>shiba inu</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-can-shib-rally-117000-and-hit-0-01-by-2030-tbt69755.html">https://thebittimes.com/shiba-inu-can-shib-rally-117000-and-hit-0-01-by-2030-tbt69755.html</a></p>

Shiba Inu: Can SHIB Rally 117000% and Hit $0.01 by 2030?

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