Shiba Inu has long been known as one of the most popular crypto coins to have taken over the realm. The token’s relentless dream of pursuing its one-cent dream, or the $0.01 price mark, has been a constant source that inspires Shib to perform at its best. At the same time, the SHIB ecosystem’s stellar price growth is what makes the token unique from all sides. Here’s why we believe SHIB can ascend to hit $0.001 sooner than expected.
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Two Reasons Why SHIB May Surge To $0.001 Soon
Shibarium Updates
SHIB is constantly reworking its entire system, giving new functionalities a chance to roll through. Since its launch, Shibarium has recorded nearly 400 transactions and produced more than 5.5 million blocks, a remarkable feat. The platform is an underrated gem that aims to process transactions at a minimum cost. With new updates and community participation embedded in the system, Shibarium is poised to grow stronger and better soon. This in turn may help SHIB attract more users and later help its price soar to new highs.
Burn Rate
Shiba Inu is known for its eccentric shib-burn system. The platform enables users to participate in the SHIB burning process, which in turn allows the token to find a stable high ground. The constant burning ensures the element of rarity in Shib tokens, thereby helping the crypto stabilize in terms of its pricing.
With calls for Binance to participate in the SHIB burning process, this could be a game changer for crypto if approved soon. Moreover, the data from Shibburn suggests nearly 60 million tokens have been burned in the last 24-36 hours, a number that keeps on giving astonishing results. If the burn mechanisms stay consistent, SHIB price stability can be reached sooner than predicted timelines.
When will SHIB hit $0.001?
The technical platforms based on current SHIB metrics can deliver a timeline for when SHIB may hit $0.001. However, these metrics may change if the price of SHIB rises or falls shortly.
For now, according to Cryptorank, Shiba Inu may reach the $0.001 price mark by any year between 2035 and 2040.
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“According to Changelly, SHIB could reach the $0.001 level sometime between 2033 and 2040, about nine to sixteen years from now. Telegaon also has a similar prediction for SHIB. The platform anticipates SHIB to reach the $0.001 level sometime between 2035 and 2040.” Cryptorank blog adds.