Expert Questions Whether Shiba Inu Reaching $0.01 Can Happen or If It’s Just a Dream—Here’s the Answer
The post Expert Questions Whether Shiba Inu Reaching $0.01 Can Happen or If It’s Just a Dream—Here’s the Answer appeared on BitcoinEthereumNews.com.
Popular crypto YouTuber CryptoJack questions Shiba Inu’s potential to hit one of its ambitious price targets, asking whether the prediction will ever happen or remain a dream. Several market watchers have been closely observing Shiba Inu (SHIB), with some setting audacious targets for the asset, including a potential surge to $0.01. Particularly, experts at Changelly forecast that Shiba Inu will hit the $0.01 milestone by October 2040, approximately 16 years from now. Users Doubt the $0.01 Forecast for Shiba Inu The $0.01 prediction, popularly referred to as the one-cent dream, has gained momentum within the Shiba Inu community. Many investors fantasize about how they plan to retire early if SHIB eventually reaches $0.01. However, some users have questioned Shiba Inu’s potential to hit the $0.01 target. Famous crypto YouTuber CryptoJack raised this concern in a recent X post, asking whether Shiba Inu can realistically reach the $0.01 price target. Reaching the $0.01 requires Shiba Inu to rally by 41,290% from the current price of $0.00002416. At $0.01, Shiba Inu’s market cap will soar to a whopping $5.84 trillion, surpassing Bitcoin’s valuation of $2.01 trillion. This reflects a surge of 41,290% from Shiba Inu’s current market cap of $14.12 billion, demanding a substantial amount of capital influx. Can Shiba Inu Soar to $0.01? Given the hefty growth necessary to achieve the $0.01 price target, many users have dismissed the possibility of Shiba Inu ever reaching it in its lifetime. Some suggest that due to the token’s hefty supply, it will forever remain a dream. For context, Shiba Inu began trading in August 2020, boasting an initial extensive supply of 1 quadrillion tokens. So far, 410 trillion SHIB tokens, representing 41.74% of the total supply, have been incinerated. Despite this, Shiba Inu still has a total supply of 589,257,176,554,960 (589.25 trillion), with…
Filed under: News - @ December 19, 2024 5:22 pm