Is SHIB's 1 cent goal out of reach? Is a 30,000% surge reliable?
Shiba Inu Coin (SHIB), a cryptocurrency that was originally just a joke, has now become popular in the cryptocurrency circle due to the community's hype and sharp rebound. Some people predict that Shiba Inu Coin can rise by 30,000% or even reach 1 cent, which makes many holders and potential investors excited. But is this reliable?
Although the price of Shiba Inu Coin has risen a lot, it will have to rise by another 30,000% to reach 1 cent. This is not a small amount!
Speaking of background, the circulation of Shiba Inu Coin is particularly large, with trillions of them. In order to increase the price, the market value must reach trillions of dollars. What a huge scale this is, it is almost catching up with the economic size of some major countries!
Why do people expect Shiba Inu Coin to rise to 1 cent? It is mainly due to the community's sentiment and the popularity on social media. Shiba Inu Coin has a strong community, and some new innovations, such as Shibarium, a second-layer solution, make people look forward to the future of Shiba Inu Coin.
But, having said that, it is not so easy to rise to 1 cent. Market value, circulation, market sentiment, these are all big problems. In terms of market value, Shiba Inu Coin has to surpass Bitcoin and Ethereum, which is difficult to imagine.
Is it possible for Shiba Inu Coin to overcome these difficulties? It is not impossible. For example, the Shiba Inu Coin team is destroying tokens to reduce circulation, which helps to increase the value of tokens. However, if it wants to rise to 1 cent, the amount destroyed must be larger.
In addition, if the new thing Shibarium can really be used, reducing transaction fees and increasing transaction speed, then Shiba Inu Coin will be more practical and the price may rise.
Of course, the acceptance of the mainstream market is also very important. If Shiba Inu Coin can be accepted by more large companies and exchanges, and even used as a payment tool, the price may also rise.
