The post Shiba Inu Team Clarifies Price Path: $0.01 Within Reach, $1 Still Far Off appeared on BitcoinEthereumNews.com.

Lucie, Shiba Inu’s market lead, shared on X that while she believes SHIB could realistically hit $0.01, she never imagined the token might one day reach $1. ChatGPT suggested that increased utility and the widespread adoption of Shiba Inu’s Layer 2 solution, Shibarium, could potentially drive the token to such levels. A recent tweet from Lucie, a Shiba Inu team member, has sparked speculation of a potential price target but it may all depend on several factors that were outlined by ChatGPT. Crypto experts continue to toss around different price targets for Shiba Inu, with many speculating it could one day touch $0.01. Lucie is one of those who sees that as a real possibility. Lately, she even had a bit of fun with a bigger dream, asking ChatGPT whether SHIB could go as high as $1. For context, SHIB is currently trading at $0.00001224, up 2.54% over the past 24 hours, ranking the 15th largest cryptocurrency and the second largest meme coin with a market capitalization of $7.21 billion. At the current price, SHIB would require a surge of 78,331% to hit the $0.01 target. If SHIB accomplishes this feat, its market cap will soar to $5.89 trillion from the current valuation of $7.51 billion.  Let’s examine how ChatGPT views this scenario Even though such an aspiration could be wishful to some, ChatGPT argues it is not outright impossible. Maybe one of the most important drivers is the mass adoption scaling of Shibarium, the layer-2 scaling solution for SHIB that supports token burns through fees on transactions. As discussed earlier, Shibarium has reached over 10 million blocks with a consistent 5-second block time recently.  According to Shibariumscan, the highest possible network has exceeded 1 billion times, presently at a daily rate of 4.1 million, and is showing incredible utilization.…

---

Filed under: News - @ April 13, 2025 3:26 pm