The alignment of several factors could propel Shiba Inu into a strong rally, potentially paving the way for a surge toward the $0.01 mark.

Market participants have remained focused on Shiba Inu, with some predicting its rally to $0.01. This prediction has triggered a significant debate within the crypto community.

Several factors aligning could propel Shiba Inu into a strong rally, potentially paving the way for a surge toward the $0.01 mark.

This prediction has triggered a significant debate within the crypto community, with several members questioning the possibility of Shiba Inu achieving this lofty target.

However, experts from Changelly believe the $0.01 target is realistic and speculate the forecast would materialize by October 2040, 15 years from now.

Many argue that SHIB will never reach $0.01, highlighting its vast 589.5 trillion token supply as the primary obstacle.

If Shiba Inu’s price soars to $0.01 per token, SHIB would skyrocket to a staggering market cap of $5.89 trillion. This valuation surpasses Bitcoin’s current market cap and other major assets like silver.

Factors That Could Take SHIB to $0.01

Hitting the $0.01 target would depend on several factors, including burns, the overall growth of the crypto market, and increased SHIB utility.

Massive SHIB Burns

Many argue that burning a substantial portion of Shiba Inu’s supply is the most suitable approach toward driving SHIB’s price to the $0.01 mark.

The process involves reducing the number of SHIB in circulation by sending some to the official dead wallet. There are multiple ways this reduction could occur, including:

• Donating to charity

• Burning a portion of the ecosystem's revenue

• Using a token burner to send some SHIB to the dead wallet

With a reduced supply, Shiba Inu wouldn’t require a massive market cap to reach $0.01. For example, if the total supply were reduced from 589 trillion to 50 trillion, the market cap required to hit $0.01 would be around $500 billion, much more achievable.

Bitcoin Market Cap Expansion

Another factor that could push SHIB’s price to $0.01 is the massive expansion of the total crypto market’s valuation led by Bitcoin’s rally.

This correlation has been around 87% over the past two months, showing BTC’s significant influence on SHIB’s price. If Bitcoin reaches an ambitious target of $1 million, the entire crypto market would likely experience a substantial boost.

Notably, Shiba Inu has a tendency to outperform Bitcoin during rallies, meaning even a modest surge in BTC could translate into greater gains for SHIB.

Mainstream Utility and Adoption

Furthermore, SHIB could experience substantial gains if the token sees more mainstream utility and real-world integration.

This could involve being used as a payment method on major platforms such as Spotify, Amazon, Uber, Shopify, and Netflix.

Such adoption would drive demand and potentially lead to a significant price increase, bringing SHIB closer to the $0.01 target.

Strong Ecosystem Growth

Meanwhile, the growth of the Shiba Inu ecosystem could also support SHIB’s potential surge to the $0.01 price target.

This expansion includes millions of daily Shibarium transactions driving SHIB burns, SHIB’s use in DeFi activities like staking and yield farming, the emergence of SHIB-powered games and debit cards, and its integration into the Web3 payment plugin.

Social Virality

Shiba Inu’s price could also surge if endorsed by celebrities or influential figures, such as Elon Musk. Recall that Musk was instrumental in driving Dogecoin’s price to an all-time high in 2021.

Despite attempts from Shiba Inu enthusiasts to attract his attention to SHIB, Musk has refused to give SHIB similar support. However, if he were to change course and show support, it could ignite a significant rally.

Moreover, widespread media coverage during bullish market phases could further drive investor interest and fuel SHIB’s upward momentum. Notably, media attention also contributed to Shiba Inu’s performance last season.