A recent post by cryptocurrency investor CryptoVibes on X has reignited discussions about the potential of Shiba Inu (SHIB) reaching the highly anticipated price of $0.01. The post stated, “Shiba Inu will make you a millionaire! I am confident $SHIB is going to $0.01. Do you agree?” This bold claim received mixed reactions from the cryptocurrency community, with some expressing optimism while others dismissed it as unrealistic. ShibaInu Will Make You A Millionaire! I am confident $SHIB is going to $0.01 Do you agree? pic.twitter.com/RM3C2wn9wg — CryptoVibes (@cryptovibes7011) February 4, 2025 One of the most notable responses came from cryptos_smalls, who disagreed with the prediction, citing market capitalization concerns. They argued , “No! More and more investors are not falling for that unrealistic expectation of a $0.01 #SHIB! They learned to calculate Market Cap. $SHIB at $0.01 would be a Market Cap of? 5.8 Trillion, which is impossible. Point of reference? $Bitcoin Market Cap is 1.9 Trillion.” This viewpoint highlights a common argument among skeptics: achieving a $0.01 valuation for SHIB would require an unprecedented market capitalization that surpasses even the most dominant cryptocurrencies. Another user, Jason, responded sarcastically, saying, “No. It will only make you a millionaire if you buy 2.5 million dollars worth and instantly it will only be worth 1 million dollars. $SHIB died a long time ago.” This comment reflects a broader sentiment among some traders who believe that SHIB’s best days are behind it, questioning its ability to generate substantial future gains. SHIB’s Current Performance and Historical Trends According to CoinMarketCap, SHIB is trading at $0.00001636, marking a 4.16% increase in the past 24 hours. While still far from the $0.01 target, the token continues to exhibit periodic price surges that capture the interest of investors. Supporting CryptoVibes’ optimism, a Times Tabloid report emphasized SHIB’s historical February performance, noting that the token has never recorded a loss in this month. The report states that SHIB has maintained an average February gain of 20.3% and a median return of 21.1%, demonstrating consistent upward movement during this period. These figures serve as a key reference point for potential future performance, as traders look to historical trends for guidance. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The Feasibility of a $0.01 SHIB Price The debate over SHIB reaching $0.01 largely revolves around supply mechanics and market capitalization. SHIB has a circulating supply of nearly 589 trillion tokens, meaning a price of $0.01 would require a market cap exceeding $5.8 trillion. This would position SHIB’s value higher than that of Bitcoin (BTC), Ethereum (ETH), and many traditional financial institutions combined—a scenario many analysts deem improbable under current market conditions. However, proponents argue that token burns and increased adoption could create the conditions for significant price appreciation. SHIB’s development team has introduced burn mechanisms aimed at reducing supply, and the Shibarium Layer 2 network has expanded its ecosystem, potentially increasing demand. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Is Confident Shiba Inu Is Going to $0.01, SHIB Army Reacts appeared first on Times Tabloid .
