The possibility of Shiba Inu #ShibaCoin reaching a price of $0.1 in the near future (within five years) is highly unlikely, due to several factors, including:
1. Market size and supply
Shiba Inu has a very large supply (more than 500 trillion coins), which makes reaching $0.1 very difficult, even if there is significant growth in the market. Increased demand alone will not be enough to raise the price to this level without radical changes in supply.
2. Developments in the uses of Shiba Inu
Although it started as a meme coin, Shiba Inu is seeking to develop itself through ShibaSwap and Shibarium (its own network). If these projects succeed in attracting more users and interest in the currency, this may lead to increased demand and thus increased value.
However, most meme coins such as Shiba Inu rely heavily on media hype and digital communities more than practical applications or major technological developments.
3. Symbolism and Social Expectations
Like Dogecoin, Shiba Inu relies on digital communities and social media for its price movements. Even if there are new projects, the coin may continue to be heavily influenced by market movements that are based on rumors and the community.
4. Technical Challenges
To achieve a price of $0.1, the market will need to go through a very large growth phase. #MarketDownturn #Bitcoin❗