Is it possible for SHIBA INU to reach 0.01$?

[Reatim]

As the title say? Could it by possible?

that i another x500 increase for this shitcoin to reach that 0.001$  and i don't think Meme coin can carry this to increase . i can only see this to have another 100% increase now and will surely dump back to the almost no value at all.

It is a very tough target for shiba Inu that its price will reach to 0.01$. But if is will happen then i am the future millionaire. Because now, shiba inu is available at very cheap price. If we invest money at this stage and hold this gem for 5 to 10 years then it will make us millionaire. Investment in this project is a very great idea.

not only a target but this is impossible to reach.

there are so many good coin in which with product to sell why shitcoin?

[Lordshiva]

Shiba is the Meme of Meme that's dying.  Shiba has so many tokens to even reach 10¢ it would have to have every single US dollar in the world invested in it.  Now I am not saying buy Doge, I am saying buy neither!  But definitely not Shiba!

[fauzan Ichsan]

Not possible for the reasons I mentioned and others have mentioned. Let's see how long we can keep this going lol.

I'm sure it won't be that long, because the pump in the meme coin is a pump that was deliberately made before everything was dumped into such a deep hole, so don't expect anything better for a meme coin of a lesser class. LOL

on meme coins anything can happen, even in a short time, the whales are deliberately pumping these coins and in the end they will exit the market, and after that there will be a lot of drama that will occur, from people laughing happily, to those who suffer due to selfishness

[Fredomago]

Shitcoin like this cannot be trusted for  long term so best to just buy and sell.

It's just really for the pump and dump.

And traders who are enjoying its craze lately are the ones who are making a profit from it and it's up to them how they'll stay trading with it. But if the time comes that it has plummeted a lot.

It's a sign that too many whales have taken their profits.

It's all about taking profits and riding at the right time, not really advisable for long-term investment for the reason that at any moment whales can simply dump all their coins. There's a need for good timing. Patience in waiting for another dip will allow you to ride in much better. Place, don't be allure by the hypes, you'll feel sorry if you failed to sell before the massive dumped.

Look at Doge now, lots of investors think that this coin will easily reach $1 more investors hold and see the effects. After the pump now, this coin is really having a hard time breaking $.3,

Don't expect that much better to keep your investment on a safer side.

[livingfree]

It's a sign that too many whales have taken their profits.

Whales should already take profits on October 7, it was the day when the price of SHIB increased very significantly. Now, the price of SHIB gradually decreased a bit. The whales may still try to grab people's money but they are not as aggressive as before. If there is no big news again about SHIB progress, we can predict that the bullish on SHIB is over already. Be careful of massive dump after significant increase...

It did decrease because of it.

As long as they can see that there's a way to profit, they'll sell at any prices that they can make. Even it's not the peak of it, they'll sell at that price because they only care for the quick profit.

[albon]

Shiba can reach 0.01 one day, although it is a meme coin like Dogecoin but it has relatively outperformed Dogecoin in a short period of time, I think that if this currency was adopted by influential businessmen in their tweets and the whales bought the Shiba currency for millions of dollars, and if it was listed in Coinbase, we might find this price you mentioned and more. It's okay to buy Shiba inu and hold it for the long term, as long as your capital is small.

[nelson4lov]

Shiba can reach 0.01 one day, although it is a meme coin like Dogecoin but it has relatively outperformed Dogecoin in a short period of time, I think that if this currency was adopted by influential businessmen in their tweets and the whales bought the Shiba currency for millions of dollars, and if it was listed in Coinbase, we might find this price you mentioned and more. It's okay to buy Shiba inu and hold it for the long term, as long as your capital is small.

I'm not entirely sure but for Shiba Inu to hit $0.01 from the current price of $0.00002612, the price has to go up around 50x or more and I don't that's feasible not at this marketcap at least which is already too high for a project like this (no real value proposition, just hype). Maybe 2x to 5x from here might be feasible but not $0.01. Don't forget existing holders would want to sell sooner or later.

[gamer4156]

As the obvious truth at this point shiba inu has a decent rate and the status appears to be not terrible wherein it continue to move also in the market alongside some great alts. Possibly not feasible as long as they exist but rather would take such countless updates and improvements from the SHIB side. Also, this moment, image coins are blurring on the grounds that individuals are learning their example here.

[flip4flop]

No chance it reaches .01. The market cap and value just would be insane. Its a decent swing tradeable coin but there really is no long-term value in it other than everyone piling in based on Elon and influencers trying to keep pumping it. Its been a good trade but I have set the rest of my position on tight stop losses to ensure it stays a profitable venture.

[Vaskiy]

Shiba can reach 0.01 one day, although it is a meme coin like Dogecoin but it has relatively outperformed Dogecoin in a short period of time, I think that if this currency was adopted by influential businessmen in their tweets and the whales bought the Shiba currency for millions of dollars, and if it was listed in Coinbase, we might find this price you mentioned and more. It's okay to buy Shiba inu and hold it for the long term, as long as your capital is small.

I'm not entirely sure but for Shiba Inu to hit $0.01 from the current price of $0.00002612, the price has to go up around 50x or more and I don't that's feasible not at this marketcap at least which is already too high for a project like this (no real value proposition, just hype). Maybe 2x to 5x from here might be feasible but not $0.01. Don't forget existing holders would want to sell sooner or later.

Just think of the price from which it has reached the current price. The chances of reaching $0.01 is very small, but the change of trend happens when large scale investors/influencers make positive and negative statement about the respective coin. The market is manipulative, so more than 5x is possible if a massive holder of the market decides it (for example someone like Elon Musk).

[nimogsm]

No, this is impossible with so many tokens.I think everyone understands that you need to spend trillions of dollars to reach the price of 1 cent. Who will do this? Probably the population of the planet earth will not be enough to raise the rate to such values.This is possible only if you burn 95% token offers.

[MiF]

As the title say? Could it by possible?

Without any burning of it's circulating supply  Shiba Inu will never ever reach the price of 0.01$, there are so many altcoin that has also a big supply and as usual the price of those altcoins is really low the circulating supply really matters most about it's present price, if they wanted to saw their token in high value then they must burn 50% to 85% of the supply, it is not only about the supply it is also about the demand, prices depend on supply and demand if the demand is high but the supply is also high then the price will never increase at all.

The process is more complicated than this, but when most coins are mined, the mining rate decreases so that the total supply is only replenished to account for lost units. ... When that's the case and demand increases, the price of that underlying asset goes up.

[Boomber]

As the title say? Could it by possible?

That will never happen, unless SHIBA INU does burn at least 80% of the current supply, then of course the price of SHIBA INU could reach $0.01 in the future, therefore I hope you don't expect the price of SHIBA INU to reach $0.01 and look for a reasonable price, because for the price of SHIBA INU to reach $0.01 it's something that's hard to happen.

[Abiky]

Without any burning of it's circulating supply  Shiba Inu will never ever reach the price of 0.01$, there are so many altcoin that has also a big supply and as usual the price of those altcoins is really low the circulating supply really matters most about it's present price, if they wanted to saw their token in high value then they must burn 50% to 85% of the supply, it is not only about the supply it is also about the demand, prices depend on supply and demand if the demand is high but the supply is also high then the price will never increase at all.

The process is more complicated than this, but when most coins are mined, the mining rate decreases so that the total supply is only replenished to account for lost units. ... When that's the case and demand increases, the price of that underlying asset goes up.

Exactly. You can never expect an hyper-inflated coin to rise in price over time. That simply goes against the fundamentals of economics. People seem to think every "meme" coin is meant to go sky-high, when they've got it all wrong. Dogecoin went to the moon because Elon Musk hyped it across social media platforms. If it wasn't by that, DOGE would've been worthless by now. SHIBA has no popular figure to "shill" it, so $0.01 per token is only a dream. Inflation and lack of real use cases for the mainstream world is what's going to "kill" SHIBA INU in the long run. The same can be said about Dogecoin. But people will never understand what crypto is truly about, since they're blinded by greed. As long as there's money to be made, nothing else matters. Just my opinion

[BuNga_cute]

As the title say? Could it by possible?

That will never happen, unless SHIBA INU does burn at least 80% of the current supply, then of course the price of SHIBA INU could reach $0.01 in the future, therefore I hope you don't expect the price of SHIBA INU to reach $0.01 and look for a reasonable price, because for the price of SHIBA INU to reach $0.01 it's something that's hard to happen.

Although painful to listen to, in reality the Shiba Inu is almost impossible to reach the price of $ 0.01. So don't get our hopes up too high when
investing in a Shiba Inu that doesn't have any real use. Therefore, if it is already profitable, immediately sell the Shiba Inu that we have,
because if holding Shiba Inu is too long, we just missed the opportunity to make a profit.

[ZAINmalik75]

Before prediction any project you must observe his team his community his market cap his investor , partner, after that you can predict any project price. Shib Inu is shit coin everyone know and his price has too much zeros so predicting that it will hit 0.01$ it can happen but it need too huge news and too much invester after that it can happen.

[michtony]

To reach 0.01$, its market cap has to be 5.5 trillion$, that is four times bitcoin value today. For a meme coin, that kind of valuation is improbable.

[chikading2016]

As the title say? Could it by possible?

I think it is impossible for Shiba to go through that 0.01$ price it has a very big supply and I think it is more possible that it will reach 0.001$ than 0.01$ how ever everything still depend on the team and the developers behind the project and I think burning a percentage of supply will make the price rise.

[rodskee]

To reach 0.01$, its market cap has to be 5.5 trillion$, that is four times bitcoin value today. For a meme coin, that kind of valuation is improbable.

that is exaggerated target i guess but we cannot change the fact that the climb now is really unexpected .
Imagine now sitting at 0.00007$ ? damn this is a great increase considering that  there are lots of attacks against this coin (Including me lol)
to have 5.5 trillion cap meaning this needs to break bitcoin cap more than 5x? lol badly impossible to happen.

[Reatim]

To reach 0.01$, its market cap has to be 5.5 trillion$, that is four times bitcoin value today. For a meme coin, that kind of valuation is improbable.

There are still a lot of 0's that Shiba Inu has to eliminate in order to reach such a high price because currently the price is still at $0.0007309 so there is still a lot to be removed through the addition of a very large volume, so obviously it's very difficult not impossible.

And also it has to eliminate Bitcoin before reaching that High , capitalization now of Shiba Inu is 40 billion dollars  https://coinmarketcap.com/currencies/shiba-inu/ and for this to reach that level it needs to climb to 4 trillion ? that is insane increase and needs to take Bitcoin position first or at least Ethereum .
maybe 0.0001 is the highest for this Coin to take and then be back to lower position again.