**Could Shiba Inu Reach $0.01? Here’s How It Could Happen at a Lower Valuation Than $589.51 Trillion**

The idea of Shiba Inu (SHIB) reaching the $0.01 mark has captured the imagination of its holders. For many, achieving this price would be life-changing, enabling early retirement or substantial returns on their investment. However, Shiba Inu currently trades far below this target, meaning it would require a tremendous price increase to hit one cent. As of now, SHIB is priced at $0.00002706, down 0.09% in the past 24 hours. To reach $0.01, Shiba Inu would need to surge by approximately 52,365% from its current level.

### The Market Cap Challenge for $0.01

Shiba Inu's large token supply, currently at 589.26 trillion tokens, is a significant factor in calculating the market cap required to reach $0.01. Without reducing the supply, SHIB would need a market cap of $5.89 trillion to hit this milestone—more than double the current global crypto market cap of $2.61 trillion. Currently, SHIB's market cap is $11.21 billion, ranking it as the 13th-largest cryptocurrency. This means it would need to grow by 52,365% in market cap to reach the valuation necessary for $0.01.

### How Burning Could Help SHIB Achieve $0.01 at a Lower Market Cap

Given the current supply, many analysts are skeptical about the possibility of SHIB reaching $0.01 without drastic changes. The only feasible way SHIB could hit this target at a lower valuation is through aggressive token burns. By permanently removing tokens from circulation through burns, SHIB's supply would decrease, potentially increasing its price without requiring a multi-trillion-dollar market cap.

Shiba Inu initially launched with a supply of 1 quadrillion tokens, but over time, 410.73 trillion SHIB tokens have already been burned. Despite this reduction, more large-scale burns would be necessary to bring the supply down enough to support a $0.01 price target at a more achievable valuation.

### Shibarium’s Role in SHIB Burns

The Shiba Inu team is dedicated to increasing burn rates via Shibarium, their Layer 2 blockchain. Shibarium uses a portion of its transaction fees to burn SHIB tokens. Since its launch last year, Shibarium has burned over 55 billion SHIB, and this number is expected to grow as network usage increases.

As Shiba Inu continues with these burn initiatives, achieving $0.01 at a lower valuation may become more feasible over time, especially with ongoing transaction volume on Shibarium helping to reduce the token supply.

### Final Thoughts

While there’s a theoretical path to $0.01 for SHIB, reaching this target would require a combination of aggressive burning strategies, consistent high demand, and increased Shibarium usage. However, it’s essential for investors to approach this potential scenario with realistic expectations.

**Disclaimer**:

This article is for informational purposes only and should not be considered financial advice. The views expressed are those of the author.

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