While I cannot predict the future with certainty, I can provide some insights into the factors that may influence the price of Shiba Inu Coin and why it may not reach $0.1. However, please note that the cryptocurrency market is highly volatile, and prices can be subject to various unpredictable factors.
Tokenomics and supply: Shiba Inu Coin (SHIB) has a massive supply, with trillions of tokens in circulation. Such a high supply can make it challenging for the price to reach $0.1, as it would require an enormous market capitalization. Even if the demand for SHIB increases, the vast supply could potentially hinder substantial price appreciation.
Market competition: The cryptocurrency market is saturated with numerous altcoins and tokens, many of which compete for attention and investment. Shiba Inu Coin faces competition from established cryptocurrencies like Bitcoin and Ethereum, as well as other meme-based tokens. This competitive landscape could limit the potential price growth of SHIB.
Utility and adoption: The utility and real-world adoption of a cryptocurrency can play a significant role in its long-term success. While ShibaSwap, a decentralized exchange, and the ShibaSwap Bone (a governance token) have been introduced, the overall utility of Shiba Inu Coin remains relatively limited. Without significant use cases and adoption, it may be challenging for SHIB to sustainably appreciate in value.
Investor sentiment and market trends: Investor sentiment and market trends can heavily impact the price of cryptocurrencies. If overall market sentiment turns bearish or if meme-based tokens lose favor among investors, it could adversely affect the price of Shiba Inu Coin. Cryptocurrency markets are influenced by a multitude of factors, including regulatory changes, global events, and investor psychology, all of which can affect the trajectory of SHIB's price.
Lack of fundamental value: Some critics argue that Shiba Inu Coin lacks fundamental value, as it originated as a meme-based token inspired by the popular Dogecoin. While meme coins can generate significant hype and short-term gains, they may struggle to maintain long-term value without underlying utility or solid fundamentals. This lack of intrinsic value could make it difficult for SHIB to reach and sustain a price of $0.001.
It's important to remember that cryptocurrency markets are highly speculative and can be subject to rapid fluctuations. The information provided here is based on the current knowledge and market conditions up until September 2021. It's always advisable to conduct thorough research and exercise caution when investing in cryptocurrencies.