Shiba Inu (SHIB) has long been associated with ambitious price targets, with the $0.01 mark standing out as one of the most anticipated milestones among its global community. Yet, achieving this goal presents a monumental challenge, especially with SHIB’s staggering circulating supply of 589.25 trillion tokens.

If the token were to climb to $0.01 without any reduction in its current supply, it would command a market capitalization of approximately $5.89 trillion. To put this into perspective, that figure is more than double the entire current cryptocurrency market cap, which hovers around $2.65 trillion. At its present price of $0.00001224 and market cap of $7.21 billion, SHIB would need to surge by a massive 81,599% to reach that mark.

Despite the improbable odds, the dream of SHIB hitting $0.01 continues to thrive within the community. SHIB’s passionate base, bolstered by key figures in the ecosystem, remains optimistic. Lucie, the project’s marketing lead, has reiterated her belief that SHIB can reach $0.01, although she emphasized that this will require significant time and persistence. Similarly, prominent community voice Luis Delgado, also known as Del Crxpto, has drawn comparisons to Dogecoin’s historical performance, expressing confidence in SHIB’s ability to mimic that trajectory over time.

Adding to the cautious optimism, forecasting platform Changelly predicts that SHIB might reach $0.01 by July 2040, estimating a potential high of $0.0104 over the next 15 years. While this projection seems far-off, it underscores the long-term nature of the goal rather than an imminent explosion in value.

However, one factor remains central to this discussion: Shiba Inu’s enormous supply. For SHIB to realistically approach $0.01, a dramatic reduction in circulating tokens is essential. Since its launch in August 2020 with an initial supply of 1 quadrillion tokens, over 410.74 trillion SHIB have been burned. Still, with nearly 589 trillion tokens remaining, the journey is far from over.

Efforts to burn more tokens are already in motion. One of the most notable mechanisms is the burning of SHIB through Shibarium’s gas fees. This initiative alone has led to the destruction of over 56 billion tokens. Though substantial, this burn rate is a small dent compared to the monumental supply that remains.

The path forward depends heavily on the community’s continued commitment to reducing the token’s supply. Voluntary burns, supported by both investors and the development team, are vital. Without a consistent and aggressive burn strategy, reaching $0.01 remains an unlikely outcome.

Ultimately, Shiba Inu’s price journey hinges on a combination of long-term vision, strategic burns, and unwavering community support. While the $0.01 dream may not be within immediate reach, it remains a powerful motivator for one of the crypto world’s most enthusiastic communities.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct independent research before making investment decisions.