As the crypto market continues its bull run, some analysts are expecting impressive rallies from major altcoins. Shiba Inu In the middle of this bull run, it looks like it is ready for a rally that attracts the attention of a wide community.
SHIB, with its recent sudden price increase, revived investors’ optimism and gained over 300% to the $0.000045 level. This situation reignited the excitement for SHIB to rise to the $0.01 level.
While supporters think this goal is a bit far-fetched, others say the current dynamics for the Shiba Inu ecosystem support its realization. These include ambitious details such as the growth of the ecosystem, important partnerships and Shibarium burning.
Shibarium burns are a key player in the ecosystem team’s strategy to reduce circulating supply. As we reported as Koinfinans.com, when there is sufficient demand, SHIB will be looking for an opportunity to create an upward momentum in its price.
The impact of Shiba Inu Vitalik Buterin’s historic burn, as well as his own community-driven burn followers, is thought to be a catalyst for the price increase. In particular, while on April 12, 2021, SHIB was traded at $0.00000011, it dominated the market by jumping to $0.00003043 on May 12, 2021.
SHIB’s potential awaits increased community members, ecosystem projects, and periodic burns from the Shibarium. Currently, the ecosystem team is planning to automate the combustion process, which could result in more combustion and meme coinIt may increase the price of .
In light of this, it is believed that the proposed 30.688% increase is possible for SHIB to reach a price of $0.01. However, the current supply of the asset is seen as the main obstacle to achieving this goal. Because such an increase means a 5.8 trillion dollar increase in total supply, which is a very high amount.
Source : The Crypto Basic