The Challenges of Shiba Inu Reaching $0.01 in 2024

Shiba Inu: Can SHIB Reach $0.01 in 2024?To be honest and straight to the point, reaching $0.01 in 2024 is a herculean task. The world coming to an end next year might have more chances than Shiba Inu hitting the $0.01 milestone. Many factors come into play here as the dynamics to reach 1-Cent don’t play out as planned.The first basic necessity for SHIB to move towards $0.01 is to start burning trillions of tokens. Though Shibarium will begin sending SHIB to the dead wallet in January 2024, the exact burn numbers remain unknown. Therefore, the chances of climbing above $0.01 remain narrow at the moment.Additionally, SHIB has been stuck with only1.3 million holdersfor six months straight. New and first-time investors entering the SHIB fold are becoming miniscule. Consequently, the adoption rate is dwindling making the token remain stagnant in price, adoption, and burns.In conclusion, Shiba Inu reaching $0.01 in 2024 is nothing but wishful thinking. The odds don’t match up to the possibilities at the moment. Only a miracle of epic sorts could make SHIB reach the 1-Cent milestone next year in 2024.At press time, Shiba Inu was trading at $0.00000975 and is down nearly 3% in the 24-hours day trade. SHIB is also down close to 89% from its all-time high of $0.00008616, which it reached in October 2021.

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