Here is the Only Way Other Than Shiba Inu Burns For SHIB to Reach $0.01
While aggressive SHIB burns are often seen as the only way for Shiba Inu to reach $0.01, SHIB could still hit that milestone through other means. Like most crypto assets, Shiba Inus performance has been below expectations. Given the positive developments in the market, most Shiba Inu community members expect the token to be trading at higher levels compared to the current price. In particular, the United States government, under Donald Trumps leadership, has been supportive of crypto. The government is making efforts to establish fair and clear regulations for the industry. As part of this effort, the SEC recently declared that meme coins like Shiba Inu are not securities. Despite this, Shiba Inu has continued to underperform. At the current price of $0.00001327, it is down 10.28% in the past week and has fallen by 60.13% from its December 8 peak of $0.00003329. Is Burns the Only Way for SHIB to Hit $0.01?Nonetheless, some Shiba Inu enthusiasts have remained optimistic about SHIBs prospects, particularly its potential surge to the $0.01 target. For context, reaching the $0.01 target requires Shiba Inu to rise by 75,257% from the current price of $0.00001327. If this happens, Shiba Inu would have a market cap of $5.89 trillion, assuming its supply of 589.5 trillion tokens remains constant. The $0.01 prediction has gained popularity within the Shiba Inu community, with members deliberating whether SHIB could ever achieve the milestone. While Shiba Inus marketing lead, Lucie, believes SHIBs potential surge to the $0.01 target is more likely to happen, critics emphasize that the prediction is unrealistic. These critics think that Shiba Inu could only reach the $0.01 target if it experiences an aggressive burn that would drastically reduce its supply by a huge margin. Another Path to $0.01 However, some users believe that SHIBs price could reach the ambitious target if it stays closely correlated with Bitcoin and the premier assets value spikes tremendously. According to data from IntoTheBlock, Shiba Inus correlation with Bitcoin stands at 92% over the past 30 days at the time of publication.
Text source: The Crypto Basic
