For the price of Shiba Inu (SHIB) to reach $0.01, a massive coin burn would need to occur due to the extremely large circulating supply, which currently exceeds 589 trillion coins. The analysis can be broken down as follows:
1. Estimate the supply required to reach $0.01:
Market Cap = Price x Circulating Supply.
If SHIB were priced at $0.01, the current supply (589 trillion) would require a market cap of $5.89 trillion, which is higher than the total market cap of most cryptocurrencies, including Bitcoin.
2. Burning required to reduce supply:
To make SHIB at $0.01 and a reasonable market cap:
Target market cap = $100 billion (as an example of a reasonable market cap).
Required supply = $100 billion ÷ $0.01 = 10 trillion coins only.
3. Burning required to access this offer:
Current supply: 589 trillion.
Required supply: 10 trillion.
Required burn = 589 trillion - 10 trillion = 579 trillion coins.
4. Feasibility:
Burning 579 trillion coins depends on long-term strategies such as charging transaction fees for burning, community collaboration, or corporate initiatives.
The current burn rate is very slow, and could take decades if efforts are not accelerated dramatically.
In short: to reach $0.01, about 98% of the current supply would need to be burned.
