$SHIB
🚨 SHIB Price Forecast: Can It Really Hit $0.01? 🚨
SHIB became one of the most talked about meme coins during the last bull run, handing over staggering gains to early holders. However, reaching $0.01 remains a huge challenge for SHIB. With its present circulating supply exceeding 589 trillion tokens, SHIB might want a market cap of nearly $5.89 trillion to reach $0.01 — greater than twice the dimensions of Bitcoin’s all-time high market cap.
Despite environment trends like Shibarium, a Layer-2 blockchain aimed at boosting scalability, and ongoing token burns, SHIB’s tokenomics nonetheless restrict its price ceiling. As of now, SHIB is trading in a decent range between key support at $0.000009 and resistance around $0.000030. While bullish momentum should push SHIB back to previous highs, expecting a 500x move to $0.01 can be overly positive without a dramatic discount in supply or a major utility breakthrough.