The idea of Shiba Inu ($SHIB ) soaring to $0.01 has captivated the crypto community, but Aaron Arnold, co-founder of Altcoin Daily, argues that such a milestone is "mathematically impossible" in the near term. His concerns revolve around SHIBâs enormous circulating supply of over 589 trillion tokens. Achieving a $0.01 price point would demand an astronomical market cap of $5.89 trillionâmore than double Bitcoinâs peak market valuation.
Market Cap Constraints and Price Projections
Currently, SHIB trades at $0.00001734, with a total market capitalization of about $10.22 billion. For SHIB to touch the coveted $0.01 mark, its market value would need to skyrocket by 57,667%, a feat that challenges standard market fundamentals. Despite SHIBâs phenomenal 884,400% surge during the 2021 bull runâreaching a $45 billion valuationâreplicating such growth under todayâs competitive conditions would be far more challenging.
Differing Views: Optimism vs. Skepticism
While Arnold dismisses the possibility of SHIB hitting $0.01 anytime soon, other voices in the crypto space offer a more hopeful outlook. Jason Williams, a well-known investor, envisions SHIB reaching $0.05, while Lucie, a core Shiba Inu team member, views $0.01 as a potential long-term target, though without a concrete timeline.
Navigating Market Expectations with Caution
Arnold advises investors to factor in market capitalization when forming price expectations, emphasizing the importance of realistic goals to avoid disappointment. As SHIB faces increasing scrutiny and competition in the crypto market, managing expectations with caution and thorough research remains critical.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Investors should conduct independent research and understand the risks before making any financial decisions.
