This is how Shiba Inu may Actually reach 1 cent (200x!) | Millions of Shiba Tokens Burned Everyday

Will Shiba Inu Reach $0.01?

Shiba Inu is a cryptocurrency that used to be just a meme and most people in the cryptocurrency community paid no attention to it until it exploded in price and reached an ATH of $0.000088, causing more people to start talking about and investing in Shiba and meme coins in general. Many people who don’t really know how cryptocurrency worked have been saying that Shiba will reach $0.01, completely disregarding the fact that would make Shiba’s market cap way higher than that of any other cryptocurrency! Well, for a little bit of time millions of Shiba tokens have been being burned every day, and this may open the way for a $0.01 Shiba sometime in the future!

How can Shiba Reach 1 Cent?

At first glance it seems impossible for Shiba to ever reach 1 cent as it was minted with 1 quadrillion tokens (that means a number with 15 zeroes!) so it would have a extremely high market cap but that doesn’t mean that a 1 cent Shiba is impossible. Shiba Inu can still reach 1 cent thanks to the millions of Shiba tokens that are being burnt every single day. 

Twitter account @shibburn sends out a tweet every time Shiba tokens are burnt. Just a few hours ago it reported that a total of 2.5 million Shiba tokens were burned in 1 transaction! If Shiba tokens continue to be burned every single day there will eventually be a time that Shiba may actually have a chance of reaching $0.01 without having an unseemly high market cap. Of course, the amount of Shiba tokens that are burned will probably have to increase  and reach the tens of millions. With only a couple million tokens burned every day it will take a very long time for Shiba to have few enough coins that it can actually reach the value of $0.01. 

For a more short-term look at Shiba, you should check out our article below, where we predict that Shiba may still have one more 5x wave to go before it crashes back down:

Shiba Inu still has one more 5x+ Wave to go? Shiba Inu Price Analysis and Prediction 

A couple months ago no one could have imagined that a meme coin like Shiba Inu could ever reach the prices that it is at today but Shiba has totally surpassed everybody’s expectations. Although Siba right now pretty much has no inherent value right now since there is really no project behind it, the coin has still exponentially increased in value giving massive gains to those who bought in before the recent pump. Well, if you missed out, according to our analysis Shiba may still 5x soon.

Shiba Price Analysis

As shown on the chart below, although Shiba is right now sitting at about $0.00006, it still has some space for growth before it crashes back down. Shiba Inu can still give about 5x in return before the coin completely dumps and looses most of its value. Shiba has already down most of its growth so its… To see the full price analysis and the chart click here. 

For more cryptocurrency news and price analysis check out our cryptocurrency page!

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Technology, Investment, Blockchain, Meme Coins, Altcoins, New Coins, Shiba, Shiba Inu, Shiba Inu Price Analysis, 1 cent Shiba Inu, Shiba Inu Coin Burning, Crypto Burning, Shiba Inu Burning

Ali F
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