Shiba Inu: Can SHIB Reach $0.01 in 2024?
To be honest, reaching $0.01 in 2024 is a herculean task. Many factors come into play here.
The first factor for SHIB to move to the $0.01 level is to start burning trillions of tokens. Although Shibarium will begin sending SHIB to the dead wallet in January 2024, the exact burn numbers remain unknown. Thus, the chances of rising above $0.01 remain slim at the moment.
Moreover, SHIB has only 1.3 million users for six consecutive months. There are fewer and fewer new and first-time investors joining SHIB. As a result, the price of the token remains unchanged.
In conclusion, Shiba Inu reaching $0.01 in 2024 is nothing more than wishful thinking. The odds do not match the possibilities at the moment. Only an epic miracle could make SHIB reach the 1 cent mark next year, in 2024.
At press time, SHIB is down nearly 89% from the all-time high of $0.00008616 it reached in October 2021.
#Shiba.Inu.coin #Shibaprice #ShibaPriceAnalysys #Shibburning #shib
