Can Shiba Inu (Shib) hit 1 cent?

Shiba Inu (SHIB) Coin Price Prediction: Can It Reach 1 Cent? Shiba Inu (SHIB) is attracting serious attention. The altcoin’s recent moves have bolstered investors' confidence that Shiba could hit the $0.01 milestone.

What is the current price of Shib?

The current price of SHIB is around $0.00001247, which is quite far away from $0.01. In order for it to reach 1 cent, it will need to go up by nearly x1000. Realistically speaking, this is quite the multiplier. The only way for SHIB to see this growth is by massive adoption through utility and hype, and some special push.

What is the market cap of the Shib token?

Let’s take the conservative route and assume that the 497 trillion SHIB coins currently in circulation constitute its true supply. If the SHIB token then hits the $0.01 price level, it would constitute a market cap well over $4 trillion!

How many Shib coins are in circulation?

Currently, as per a tabulation by CoinGecko, only 497 trillion SHIB coins are in active circulation. Continuing with the refresher, LEASH is the project’s second token, and has a max supply of 107,646 coins.