Shiba Inu (SHIB) investors and supporters have been waiting for a clear uptrend for a long time. Another expectation of investors is to see the famous $0.01 price level, which seems difficult to reach. According to data from 21milyon.com, the current SHIB price of $0.00000726 indicates that this dream is not so far away, but SHIB supporters continue to hold on to hope.
Shiba Inu Coin Review
When we examine the recent price movements, we can see that SHIB is going through a tough period. In the last 24 hours, there has been no significant price change in the token price. The seven-day price movement indicated a 0.6% price increase.
The question that investors are eagerly seeking an answer to is whether it can reach the $0.01 level. SHIB will need an incredible movement in a positive direction on its way to $0.01. The determination of community members who never withdraw their support from SHIB to reach this incredible point is evident. However, it may be useful to examine the factors that are believed to take SHIB forward.
Firstly, let’s consider the expansion of Shiba Inu’s use case. This could have a positive impact on the price. It may be important for SHIB to go beyond being just a meme coin. Creating situations and applications that can make it usable outside its field can increase demand and price.
Another example could be Shibarium. Projects like Shibarium can positively affect the SHIB price with decentralized applications (DApps) and smart contracts. Shiba Inu can contribute to expansion with the opportunities it can bring and potentially create value for SHIB.
The Future of Shiba Inu
Considering all these factors, some price predictions may indicate that the $0.01 price point is not very likely. CoinCodex released a price prediction table in July. The prediction that SHIB will reach $0.0001 by 2050 could be a great event on its own.
Because in this case, we can see that there is a 3,600% increase from the current value. Although this price movement is significant, it falls short of the $0.01 target. Despite this price prediction, doubts about the probability of reaching the desired point within 10 years will continue to exist considering the expected price from investors.
Perhaps the most critical point to consider is the possibility of trillions of token burns by Shibarium every year. It may be difficult for SHIB to reach the expected levels without the burn mechanism working properly. If this does not happen, it may diminish the possibility of Shiba Inu reaching $0.01 in the eyes of investors.
