Despite Shiba Inu’s continuous stay around the $0.00001 region, a top team member expresses belief that SHIB will eventually hit $0.01 someday.
Recently, the broader crypto market has endured consistent downturns, keeping the price of major assets like SHIB at lower levels. The latest bloodbath happened toward the end of July, starting with the Fed’s refusal to slash interest rates.
U.S. President Donald Trump mounted further pressure on financial markets, including crypto, after unveiling his administration’s latest reciprocal tariff plan. That announcement ushered in a major downturn, with SHIB’s price crashing to $0.00001179.
Despite reclaiming $0.000012 shortly after the dip, SHIB remains far from reaching some ambitious targets, specifically the one-cent dream or $0.01 price.
Team Believes SHIB Can Reach $0.01
This price forecast has sparked a significant debate within the community, with top enthusiasts deliberating on whether SHIB could attain the target. Interestingly, Lucie, the lead of marketing at Shiba Inu, has also joined the debate.
The marketing lead emphasized that she has always had faith in Shiba Inu’s ultimate rally to the $0.01 target. This has been Lucie’s aspirational goal for SHIB since she became a holder in 2021.
Despite believing in Shiba Inu’s capacity to rally towards $0.01, she cautioned that SHIB will not reach the target immediately. Lucie stressed that everything, including SHIB’s potential surge to $0.01, requires time to materialize.
Lucie has been a firm believer in Shiba Inu, suggesting that the token will kick off the bull run. Her confidence stems from the team’s dedication to enhancing SHIB’s utility, which has led to the birth of several projects, such as Shibarium, ShibaSwap, non-fungible tokens, and P2E games like Shiba Eternity.
The team is also intensifying efforts to reduce SHIB’s enormous supply of 589 trillion. This is evident in the team’s allocation of Shibarium gas fees to token burns.
Given Lucie’s knowledge of the Shiba Inu ecosystem and the things happening behind the scenes, she believes the token could reach $0.01 in its lifetime. However, she cautioned that it may take time for this prediction to materialize.
Debate About SHIB $0.01 Forecast Spike
As mentioned earlier, deliberations about the possibility of $0.01 prediction coming to fruition have not cooled off, with the community divided into two separate views.
One part features the likes of Lucie, Luis Delgado, and YourPOP, who believe $0.01 is a realistic target for SHIB. However, most commentators regard the $0.01 target as unattainable, given the extraordinary growth rate SHIB would need to achieve it.
For context, from the current price of $0.00001201, Shiba Inu would require a rally of 83,163% to reach $0.01. This estimated price is equivalent to a market capitalization of $5.89 trillion, assuming Shiba Inu’s supply remains the same at 589 trillion tokens.
Proponents of this theory believe that the only way SHIB can attain the $0.01 target is if it burns a massive chunk of its supply and the token attracts the attention of institutional investors. So far, no institutions have shown such interest, nor has any spot ETF been filed for the token.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
