Challenges to Reaching One Cent
Massive Supply: SHIB has a circulating supply of 589 trillion tokens. If each token were worth one cent, the market cap would be $5.89 trillion, which is larger than most global economies.
Token Burns: Some believe aggressive token burns could help reduce supply and drive up price. However, even burning 90% of SHIB's supply would still require a market cap of $589 billion, which is still a massive hurdle.
Utility & Adoption: SHIB's team has introduced Shibarium, a layer 2 blockchain aimed at increasing adoption and reducing transaction fees. While this could help, it hasn't yet led to the kind of demand needed for a major price surge.
Optimistic Scenarios
Bull Market Conditions: If SHIB experiences another historic bull run, similar to its 2021 surge, it could see significant price appreciation.
Institutional Interest: Increased adoption by businesses and investors could drive demand, but SHIB would need to prove its long-term utility.
While SHIB reaching one cent isn't impossible, it would require unprecedented market conditions, extreme token burns, and mass adoption. For now, most analysts believe it's more likely to remain below a fraction of a cent.#Shibalnu
What's your thought on this?
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