#MarketRebound

Can $shiba reach $0.01?

Shiba Inu (SHIB) reaching $0.01 is very difficult based on the current state of the cryptocurrency market, but it is not completely impossible.

Reasons why reaching $0.01 is a challenge:

1. Massive Supply:

The current number of SHIB coins in circulation exceeds 589 trillion coins.

If SHIB reaches $0.01 with the current supply, the total market cap will reach around $5.89 trillion, a number that exceeds the market cap of Bitcoin and all cryptocurrency markets combined.

2. Burning Mechanisms:

To achieve this goal, SHIB needs to significantly reduce the number of coins in circulation (through burning).

There are already efforts to burn coins, but the current rate of burning is too slow to achieve a significant reduction in supply anytime soon.

3. Demand and Supply:

The demand for the coin needs to increase massively to keep up with this price.

This requires the entry of large investors and large projects that support SHIB.

4. Compared to the current market value:

The market value of SHIB coin is currently around $5-10 billion (changes depending on the market). Reaching $0.01 means a massive increase in its market value, which is unprecedented.

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Scenarios that could make the price rise:

1. Increased burn rate:

If the initiatives succeed in reducing the supply to billions instead of trillions, reaching $0 could be possible.01 More realistic