Shiba Inu (SHIB): 1 Cent Price Prediction, Is It Possible?
✍️ 27 October, 2022 - 5:32 👤 Editor: Jakub Motyka
- The Shiba Inu (SHIB) price has hovered above the $0.00001 range for a long time.
- Despite this, the ShibArmy is not losing hope in their goal of the penny. Is the #1CentDream possible? Can Shiba Inu (SHIB) really make it to the one cent ($0.01) mark according to the experts' price prediction?
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Shiba Inu (SHIB), the project that was born from a meme coin, has fallen to $0.00001, however, it is expected that, according to its price prediction, at some point its value takes flight again. Is a $0.01 Shiba Inu price prediction possible?
Despite being one of the favorite and most widely held coins by Ethereum whales, the price of Shiba Inu (SHIB) has not stopped falling since its last all-time high reached during 2021 . As a result, many wonder if the dream of a penny on the dollar can come true.
Remember that Shiba Inu (SHIB) is a token created to dethrone the queen of memecoins, DOGE. Under this premise, it was designed as a deflationary token with an absurdly high supply. In other words, it is not possible to create more SHIB tokens, so the number of tokens could end up reducing over time. For this, the community has developed different applications and activities in order to burn the surplus supply, and take a step forward to the penny dream.
What Is The One Cent Dream Or #1CentDream In Shiba Inu (SHIB) Price Prediction?
The main objective and flag of the Shiba Inu community is the #1CentDream. They seek, by all possible means, that the SHIB token reaches the price of $0.01.
Taking into account its supply and utility value, at first glance, the price of the Shiba Inu cryptocurrency reaching the 1 cent dollar prediction seems like a impossible dream. However, people on the internet have always been characterized by breaking all standards when nobody sees it.
What The Shiba Inu (SHIB) Price Prediction Says About Reaching $0.01
To achieve the dream of a penny, the ShibArmy needs to fulfill 2 important aspects. First of all, it is necessary to reduce the supply of SHIB, which is currently 549 billion tokens.
The next thing will be to give a real utility to the dog coin, either for exchanges or with a specific utility within its ecosystem. A good example of this is the $100 SHIB burn fee for NFT Shiboshi name changes.
Currently, Shiba Inu cannot be used as a trading token due to the high transaction fees of the Ethereum network. However, with the departure of Shibarium, the ShibaArmy will have a powerful tool at its disposal to make the SHIB token more useful. With help from your community and given some time, a penny's dream might be possible (although, realistically, technical indicators make it very difficult).
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