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.
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 tokens. However, if the price rises to 1 cent, the amount of destruction must be larger.
Also, if the 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, the acceptance of the mainstream market 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.
