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▲ Shiba Inu (SHIB)/AI generated image
An analysis has emerged stating that for Shiba Inu (SHIB) to reach $0.01, it would require a market capitalization more than twice the entire value of the cryptocurrency market. Among investors, there is a growing call to maintain realistic sobriety.
According to the crypto-specialized media outlet The Crypto Basic, crypto analyst Sjimanski analyzed that for Shiba Inu to reach $0.01, its market capitalization would need to soar to approximately $5.89 trillion. This means it would have to increase by more than double the current total crypto market value of $2.55 trillion.
Sjimanski pointed to the supply as the biggest obstacle to price increases. Currently, Shiba Inu's circulating supply is approximately 589.16 trillion SHIB. As of the time of reporting, the price is $0.000006020. The market capitalization is around $3.54 billion. The explosive upward momentum seen in 2021 has largely weakened.
Large-scale token burning events, which were key to past price surges, are also absent. In 2021, Vitalik Buterin, co-founder of Ethereum (ETH), burned a massive amount. However, the current burn rate is negligible compared to that time. With many early investors having left, the community's cohesion is also generally considered to be weaker than before.
Internal issues also lower the possibility of reaching 1 cent. Discord within the development team and the continued anonymity of key developers hinder capital inflow. Sjimanski asserted that reaching $0.01 is virtually impossible with the current supply structure. Even if a bull market comes, strategies must be based on realistic market indicators.
Shiba Inu's future trajectory depends on substantial supply reduction. Innovative burning mechanisms and strong community rebuilding must precede this. The goal of 1 cent is expected to remain a huge economic mountain to overcome.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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