#BinanceAlphaAlert
Q :- Will Shiba Inu (SHIB) Reach $0.01 or $0.10?
A:- No
But
Shiba Inu (SHIB) has gained massive popularity as a meme coin, reaching a price of $0.01 or $0.10 is highly unlikely. Here are a few reasons why:
1. Market Capitalization:
For SHIB to reach $0.01, its market cap would need to surpass trillions of dollars, which is currently far beyond the reach of any cryptocurrency, including Bitcoin. Such a market cap would require an extreme level of demand that is unlikely given SHIB's supply and competition from other major coins.
2. Circulating Supply:
SHIB has an enormous circulating supplyāover 500 trillion tokensāwhich severely limits its potential for reaching such high prices. Even if the demand surged, the massive supply would need to be drastically reduced through token burns, and even then, a $0.10 price would still be difficult to achieve.
3. Meme Coin Dynamics:
While SHIB has strong community support, it's still largely driven by speculative hype rather than fundamental use cases. Unlike Bitcoin or Ethereum, SHIB doesnāt have the same technological or real-world utility that would sustain a significant price increase in the long term.
4. Competitive Landscape:
There are many emerging altcoins and meme coins, all competing for attention. SHIBās growth potential is limited by the increasing number of competitors that could capture investor interest, especially with no distinct use case driving long-term demand.
In conclusion, while SHIB could see significant price movements in the short term, a price of $0.01 or $0.10 is unrealistic due to its high supply and the broader crypto
market dynamics.
currently it is trading less than 50% last Ath so you can expect at least 50% Gain in short term.
$SHIB