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👉👉👉 Data Firm Analyzes #ShibaInu’s Roadmap to Hitting $0.01
Shiba Inu Faces Market Challenges but Holds Potential for Long-Term Gains
- Shiba Inu ($SHIB ) has been navigating a tough market period, dropping 10% over the past week and 13% in the last month. Currently trading at $0.000018, some investors remain hopeful, with aspirations of a rally toward $0.01.
- According to an analysis from CoinCodex, the possibility of SHIB reaching $1 or even $0.50 is slim under current conditions. However, the report emphasizes that while these targets may be unrealistic, Shiba Inu still has the potential for major price gains, citing its explosive 85,000,000% rally in 2021 as evidence of its growth potential.
Supply Challenges Hindering SHIB’s Growth
- The report also underscores the supply issue: with a circulating supply of 589 trillion tokens, achieving a price of $0.01 would bring Shiba Inu’s market cap to an astonishing $5.89 trillion. For context, this would exceed the current global crypto market cap of about $2.29 trillion and even surpass the valuations of giants like Apple and Microsoft, valued at $3.52 trillion and $3.18 trillion respectively.
- To address this, CoinCodex suggests that significant token burns could help reduce SHIB's supply. The 2021 rally was aided by Ethereum co-founder #VitalikButerin , who burned 410 trillion SHIB tokens, contributing to the price surge. While a similar large-scale burn isn’t expected, it remains a viable strategy for boosting SHIB’s price potential.
Future Price Projections
- Taking market trends into account, CoinCodex projects that Shiba Inu could reach around $0.001978 by 2030—a remarkable 12,262% increase from its current level. While hitting $1 or $0.50 remains improbable without drastic supply reduction, these long-term gains suggest that SHIB’s growth story is far from over.
#CryptoNewsCommunity #BinanceSquareTalks #ShibaInuPriceForecast
Shiba Inu Faces Market Challenges but Holds Potential for Long-Term Gains
- Shiba Inu ($SHIB ) has been navigating a tough market period, dropping 10% over the past week and 13% in the last month. Currently trading at $0.000018, some investors remain hopeful, with aspirations of a rally toward $0.01.
- According to an analysis from CoinCodex, the possibility of SHIB reaching $1 or even $0.50 is slim under current conditions. However, the report emphasizes that while these targets may be unrealistic, Shiba Inu still has the potential for major price gains, citing its explosive 85,000,000% rally in 2021 as evidence of its growth potential.
Supply Challenges Hindering SHIB’s Growth
- The report also underscores the supply issue: with a circulating supply of 589 trillion tokens, achieving a price of $0.01 would bring Shiba Inu’s market cap to an astonishing $5.89 trillion. For context, this would exceed the current global crypto market cap of about $2.29 trillion and even surpass the valuations of giants like Apple and Microsoft, valued at $3.52 trillion and $3.18 trillion respectively.
- To address this, CoinCodex suggests that significant token burns could help reduce SHIB's supply. The 2021 rally was aided by Ethereum co-founder #VitalikButerin , who burned 410 trillion SHIB tokens, contributing to the price surge. While a similar large-scale burn isn’t expected, it remains a viable strategy for boosting SHIB’s price potential.
Future Price Projections
- Taking market trends into account, CoinCodex projects that Shiba Inu could reach around $0.001978 by 2030—a remarkable 12,262% increase from its current level. While hitting $1 or $0.50 remains improbable without drastic supply reduction, these long-term gains suggest that SHIB’s growth story is far from over.
#CryptoNewsCommunity #BinanceSquareTalks #ShibaInuPriceForecast
#Shibarium transactions surpass milestone, exceed 105 million.
Shibarium total transactions exceeded 105.95 million as of December 14.
The massive surge in transactions can be attributed to SRC-20 minting activities.
#SHIB yielded nearly 3% weekly gains for holders, Shiba Inu price rallied on Thursday.
Shiba Inu, one of the largest dog-themed meme coins in the crypto ecosystem, recently surpassed a key milestone. #Shibarium , #ShibaInu’s scaling solution, has recorded a total of 105.95 million transactions as of Thursday.
$SHIB $PEPE $DOGE #BTC
Shibarium total transactions exceeded 105.95 million as of December 14.
The massive surge in transactions can be attributed to SRC-20 minting activities.
#SHIB yielded nearly 3% weekly gains for holders, Shiba Inu price rallied on Thursday.
Shiba Inu, one of the largest dog-themed meme coins in the crypto ecosystem, recently surpassed a key milestone. #Shibarium , #ShibaInu’s scaling solution, has recorded a total of 105.95 million transactions as of Thursday.
$SHIB $PEPE $DOGE #BTC
#ShibaInu’s price action is currently battling to break through key resistance levels. Can the bulls spark a recovery? For #SHIB bulls to take charge again, the #memecoin must hold above $0.0000144 and reclaim the $0.0000156 resistance.
#CryptoNews $ $SHIB
#CryptoNews $ $SHIB