The post Will Shiba Inu Price Hit $0.01 if SHIB’s Supply is Halved to 294 Trillion Tokens? appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) boasts a staggering supply of 589 trillion tokens, a number that has weighed on the meme coin’s price growth despite periodic burns. The Shiba Inu community continues to burn SHIB tokens daily, but the impact on the price has been limited due to the massive supply. However, if the Shiba Inu burn rate increases dramatically and slashes the supply by half to around 294 trillion tokens, could this spark a Shiba Inu price rally to $0.01?  Will Shiba Inu Price Hit $0.01 if Supply is Halved?  A reduction of SHIB’s supply by 50% will bode well for Shiba Inu price if the demand also increases. This is because as buyers compete for fewer tokens, it causes an equilibrium shift that pushes the price up. However, even as the supply reduces, a rally to $0.01 in the near term remains unlikely because of several factors. Firstly, if Shiba Inu price were to reach $0.01 with a total supply of 294 trillion tokens, it would place its market capitalization at $2.94 trillion. This is close to the total crypto market cap today and exceeds the Gross Domestic Product (GDP) of many countries. For a meme coin like SHIB, which has limited utility, achieving such a valuation seems unlikely under current market conditions. Grok 3 agrees with this analogy saying,  “A market cap of $2.945 trillion is unrealistic given the current state of the cryptocurrency market and SHIB’s fundamentals.” Moreover, other dynamics such as utility and ecosystem development will play a role in Shiba Inu’s path to $0.01. Currently, Shibarium, SHIB’s layer-2 network, has a Total Value Locked of only $2.8M per DeFiLlama. In comparison, Ethereum’s TVL stands at $76 billion, indicating that the network has a long way to go to achieve widespread adoption. According to Meta AI, “While halving…

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Filed under: News - @ February 24, 2025 12:28 pm