Shiba Inu’s Path to 1 Cent Faces Mathematical and Market Reality Challenges: Here’s Why
The post Shiba Inu’s Path to 1 Cent Faces Mathematical and Market Reality Challenges: Here’s Why appeared on BitcoinEthereumNews.com.
Shiba Inu needs an 8,233% rally to reach $0.001 The token’s circulating supply of 589 trillion coins would create market caps of $589 billion SHIB hasn’t achieved even a 1,000% gain since 2021 Shiba Inu supporters continue pushing ambitious price targets despite the meme coin’s struggle to break free from bearish pressure. SHIB remains trapped 85% below its October 2021 peak of $0.00008845, raising questions about whether the coveted one-cent milestone can ever materialize under current market dynamics. The disconnect between community expectations and market performance has become increasingly apparent as various analysts and influencers maintain bullish forecasts. Last September, market analyst Krao projected SHIB could reach $0.001 within months, while LuckSide pointed to whale activity and on-chain metrics as catalysts for similar price action. These predictions gained additional support when Shiba Inu marketing lead Lucie declared in March that the token would eventually hit $0.01, though she acknowledged the timeline could extend considerably. Mathematical Hurdles Paint Sobering Picture For SHIB The numerical requirements for reaching these price targets reveal the scale of the challenge ahead. From its current valuation, SHIB would need to rally 8,233% to touch $0.001, while the dream of reaching one cent demands a staggering 83,233% increase. These percentages dwarf anything the token has achieved since its historic run concluded in late 2021. Recent performance data underscores these limitations. SHIB’s most spectacular rally of the current cycle saw it rise 686% from its June 2023 low of $0.0000058 to its peak of $0.000045 in March 2024. Even this substantial move falls far short of the thousands of percentage points required for the community’s ultimate price goals. The token has failed to generate even a 1,000% increase since its initial breakout period ended. While Shiba Inu’s higher volatility profile could theoretically enable larger percentage moves, realistic projections…
