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🔴Can SHIB technically reach $0.01?📈📉🚀

🌟Yes, theoretically possible, but...

🚨 The major obstacle: Market Cap

If the price of SHIB reaches $0.01, with the current number of coins (around 589 trillion tokens):

{Market Cap} = 589\, trillion \times 0.01 = 5.89\, trillion dollars!

✖️ This is higher than the total market cap of the entire crypto market currently (which is around ~2 trillion dollars)
✖️ Higher than the market cap of the largest companies in the world like Apple and Microsoft.

👇 The conclusion here:

For SHIB to reach $0.01, the supply must be drastically reduced (Burn).

🔥 Is there really a token burn?

Yes, the SHIB project has launched the Shibarium platform (Layer 2 network) which contributes to burning some tokens.
But the current rate is very slow, and even with the activation of burns from fees, it is not enough to reach $0.01 in the near years unless:

99% of the current supply is burned

Or there is unprecedented global adoption of the SHIB project.
$SHIB