Shiba Inu: What Will Accelerate SHIB’s Rally to $0.0001?

Shiba Inu (SHIB) has a track record of turning several early investors into multi-millionaires and, in some rare cases, even billionaires. However, SHIB’s price has taken a significant beating after reaching its all-time high of $0.00008616 in October 2021. While many think it’s too late to ride the SHIB wave, others believe there is still time to make it big with the popular dog-themed memecoin.
According to Changelly, SHIB won’t reach the $0.0001 level before 2029. The platform predicts SHIB to hit a maximum price of $0.0001069893 in 2029, a rise of over 980% from current levels.

What will accelerate Shiba Inu’s (SHIB) journey to $0.0001?

The project’s massive supply is one of the most significant barriers to Shiba Inu’s (SHIB) price. There are about 589 trillion SHIB tokens in circulation. If each token hits $0.0001, the project’s market cap will rise to $58,900,000,000 ($58.9 billion), a 10X increase from current levels. While the figure seems attainable, it is still significantly large. Moreover, price targets of $0.01 would be unattainable as the market cap would cross the trillion-dollar mark. Hence, one of the project’s primary goals should be to reduce its supply.