Shiba Inu’s Path to $0.01: Burning Circulating Supply Key

Shiba Inu has over 1.4 million holders and continues to gain popularity worldwide. Most investors hold onto their SHIB tokens in the hopes that they will reach $0.01. However, this milestone may take years or even decades to achieve.

Despite its price fluctuations, SHIB’s affordability is a silver lining for investors. They can accumulate large amounts of tokens for just a few dollars, helping them stay optimistic during market downturns. To put it into perspective, the token’s circulating supply needs to be reduced by at least 90% before reaching $0.01.

The key factor in determining when SHIB will hit $0.01 is its scarcity. If more than 500 trillion tokens are sent to a “dead” wallet, investors can start dreaming of reaching this milestone.
Source: https://watcher.guru/news/shiba-inu-how-long-should-i-wait-for-it-to-reach-0-01