Shiba Inu (SHIB) has turned many early investors into multi-millionaires and, in some cases, even billionaires. The rags-to-riches stories around SHIB skyrocketed the project’s popularity among new investors who want to make it big in crypto. However, SHIB’s price has struggled to gain momentum after reaching its all-time high of $0.00008616 in October 2021, leading many to believe they may have missed the boat with SHIB.
However, despite the lackluster performance in the last few years, many Shiba Inu (SHIB) fans still believe there is time to make millions with the popular memecoin. SHIB fans, collectively called the SHIB Army, are pursuing the “one-cent dream.”
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$1000 worth of SHIB will get you around 112,612,612 tokens (112 million) at current prices. If SHIB reaches $0.10, the value of the 112 million tokens will skyrocket to $11.26 million. The rise would translate to a growth of 1,126,026% (over 1 million percent).
When will Shiba Inu (SHIB) reach $0.1?
According to Changelly, SHIB won’t reach $0.1 anytime before 2050, about 26 years from now. Telegaon also predicts a similar timeline for SHIB. The platform anticipates the memecoin to reach $0.10 sometime between 2040 and 2050. Either way, both platforms expect SHIB to take a long time before reaching its ten-cent goal.
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Shiba Inu’s massive supply (SHIB) is one of the most significant barriers to its price. If SHIB reaches $0.1 with its current supply of 589 trillion, the project’s market cap would be unrealistically large. Hence, the project requires a lower supply to reach higher prices.
The SHIB team has revealed plans for a new burn mechanism, rumored to burn trillions of tokens yearly. If the team can reduce the number of tokens, we may see SHIB reaching its $0.1 target much sooner than anticipated.