Shiba Inu Coin (SHIB), originally a cryptocurrency that was 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 increased a lot, it will have to increase by another 30,000% to reach 1 cent. This is not a small amount!

Speaking of background, the circulation of Shiba Inu coins is extremely large, with trillions of them. If the price is to rise, the market value must reach trillions of dollars. This is a huge scale, 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 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, which makes people look forward to the future of Shiba Inu Coin.

But, having said that, it is not so easy to increase 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 the circulation, which will help increase the value of the token. However, if it wants to rise to 1 cent, the amount destroyed must be larger.

Also, if this new thing Shibarium can really be used, it can reduce transaction fees and increase transaction speed, then the practicality of Shiba Inu Coin will be stronger and the price may rise.

Of course, mainstream market acceptance is also 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.