Shiba Inu (SHIB) bulls are pursuing not just deleting one zero from the price but pushing the token towards the ‘one-cent dream.’ SHIB, despite its popularity, is struggling to overcome the $0.000001 barrier.

According to IntoTheBlock, SHIB faces significant resistance between $0.000010 and $0.000027. The data says that 404,100 addresses bought 615.41 trillion SHIB at around $0.000016. The token needs to overcome the selling pressure currently on these investors.

Shiba Inu (SHIB) is up by 2.4% in the weekly charts, 9.6% in the 14-day charts, and 5.9% over the previous month. However, the asset has faced a 1.3% correction in the daily charts and is down by 28% since February 2023.

Can Shiba Inu (SHIB) reach $0.005 in 2024?

There is no denying SHIB’s popularity. SHIB fans, popularly known as the SHIB Army, are a known force within the crypto community. The group often achieves its goals when coming together for a common cause. However, pushing SHIB’s price north has been quite a challenge.

According to Changelly, Shiba Inu (SHIB) could reach the $0.005 level sometime between 2033 and 2040, about nine to sixteen years from now.

Telegaon also paints a similar picture of the popular memecoin. The platform anticipates SHIB to reach the $0.005 level sometime between 2035 and 2040, about 11 to 16 years from now.

Shiba Inu’s (SHIB) massive supply is one of its most significant barriers to higher prices. Reportedly, the team is working on a new burn mechanism, rumored to burn trillions of tokens yearly. If they can drastically reduce the number of tokens in circulation, SHIB may delete a few zeros much sooner than anticipated.#Write2Earn #TrendingTopic #BTC #azain #jaish $SHIB $BTC $BONK