Although many Shiba Inu investors envision SHIB reaching $0.01, the milestone remains unrealistic—even under an Ethereum-level adoption scenario.
The broader Shiba Inu community has seen several ambitious price targets, ranging from $0.0001 to $0.01. One forecast that has stirred debate among Shiba Inu community members is $0.01, popularly referred to as the one-cent dream.
This target has been circulating within the community since SHIB reached an all-time high of $0.00008845 in 2021. Following this incredible milestone, some community members believe SHIB will continue its upward move and eventually reach $0.01.
Why Shiba Inu Can’t Hit $0.001 Even If It Sees Ethereum-Like Adoption
As optimism continues to build, it is essential to note that reaching the $0.01 milestone remains a highly challenging goal. Even with Ethereum-level adoption, Shiba Inu would still be unable to achieve this target.
Ethereum has been in existence for over a decade, continually growing in strength and reaching a market capitalization of over $543 billion. This incredible feat was achieved through years of development, strong retail demand, increased institutional involvement, and its role as the hub for decentralized finance.
Based on the widespread adoption of ETH, it has grown to become the second-biggest cryptocurrency globally, with a market cap of $543.7 billion. This puts the price of ETH at $4,504 per token.
Assuming Shiba Inu were to achieve a similar level of adoption as Ethereum and its market cap grows to $543.7 billion, the math still makes the one-cent dream unrealistic. The obstacle lies in SHIB’s massive circulating supply of about 589.24 trillion tokens.
At the valuation of $543.7 billion, each SHIB would only be worth roughly $0.000922, which is still 984% below the coveted one-cent mark.
Growth Path to $0.01
Reaching the $0.01 target would be an enormous challenge for Shiba Inu, requiring an unprecedented surge of 79,517% from its current price of $0.00001256.
With a circulating supply of 589.24 trillion tokens, this price level would equate to a staggering $5.89 trillion market capitalization — a milestone many still consider unrealistic.
Critics argue that Shiba Inu’s massive supply remains a major obstacle to reaching its ambitious price target. Others point to the lack of institutional interest in SHIB as a further barrier to such growth.
