Shiba Inu (SHIB) has always been a star in the cryptocurrency field, with its meme origins and large fanbase exciting investors. But with change comes a question: Will the price of SHIB eventually drop to 0.01 USD? Will Shiba Inu reach 0.01 USD?
Currently, the price of SHIB is about 0.0000145 USD. To reach 0.01 USD, it needs to increase more than 70,000%. Analysts at CoinCodex indicate that the likelihood of such an increase is low, predicting that by 2049, the highest price of SHIB may reach 0.001277 USD.
The biggest obstacle is that the supply of SHIB tokens is as high as 589 trillion. To reach 0.01 USD, the supply of SHIB tokens needs to be reduced by over 99%.
While measures like Shibarium and ShibaSwap aim to improve utility and destruction levels, without special token economics and market adjustments, these measures are insufficient to push SHIB to 0.01 USD.
Market value challenge: Is the cost of 0.01 USD several hundred trillion?
If the price of SHIB really reaches 0.01 USD, based on the current circulation, its total market value will exceed 58.9 trillion USD. This would far surpass the combined total of Bitcoin, Ethereum, and even the world's highest-valued companies like Apple and Microsoft. Clearly, such a market value is difficult to support without a large-scale destruction mechanism or economic system reconstruction.
Currently, the SHIB burning mechanism exists, but its efficiency remains limited. Even if tens of millions of SHIB are burned daily, given the current circulation, effectively reducing the supply by 99% might take decades or even centuries.
Investor sentiment and community-driven variables
Although data-driven analysis does not favor the possibility of SHIB reaching 0.01 USD, the active community behind it and strong emotional resonance should not be underestimated. Shiba Inu has always been a representative of 'emotional assets', and under specific market conditions, such as a strong Meme bull market, FOMO from the crypto community, and celebrity endorsements like Elon Musk, significant price hikes may occur.
In fact, SHIB surged thousands of times in just a few weeks in 2021, resetting the market's perception of 'value and emotion'.
A more realistic price path
Compared to the unreachable dream of 0.01 USD, a more realistic path might be:
Leverage the continuous iteration of Shibarium to enhance on-chain activity
Promote stronger destruction mechanisms (such as automatic fee destruction, NFT interaction destruction, etc.)
Introduce new DeFi/NFT application scenarios to enhance holding demand
Whales and institutions entering the market stimulate secondary market liquidity
If SHIB can gradually advance in the dimensions mentioned above, breaking through previous highs (such as 0.00008 USD) is not a fantasy. However, whether it can truly reach '0.001' or even '0.01 USD' still requires a miracle combination of time, technology, and sentiment.
