Following its all-time high of $0.00008845, Shiba Inu (SHIB) has faced a steep decline, currently trading at $0.00001015. To reach the much-anticipated $0.0001 milestone, SHIB now requires an 885% surge, a massive jump compared to the 200% rally needed back in December when the token peaked at $0.00003329.
Several analysts, including “Anonymous,” Eunice Wong, and Himanshu Maradiya, had predicted SHIB would surpass $0.0001 this year, with some forecasts even reaching $0.00032. Yet, the token’s recent collapse has made this target feel increasingly distant.
Factors Hindering SHIB’s Price Surge
Large Token Supply
Shiba Inu’s 589.24 trillion token supply continues to weigh on its price potential. Even with community-driven token burns, the sheer volume limits the impact of rallies. For SHIB to hit $0.0001, its market capitalization would need to climb to $58.92 billion, a significant hurdle unless token supply reductions occur.
Weakening Ecosystem Activity
Activity on Shibarium has slowed drastically. The total value locked (TVL) has stayed below $1 million since October 8, while daily transactions dropped under 20,000—a stark contrast to earlier highs of 4 million. Previous catalysts such as metaverse projects and NFTs have failed to spark meaningful adoption or price growth.
Team Anonymity and Low Engagement
Shiba Inu’s development team remains largely anonymous. Lead developer Shytoshi Kusama recently made his X account private, reflecting low engagement and raising investor concerns. This lack of transparency has limited institutional interest, preventing developments like a potential SHIB ETF.
Competition from Other Meme Coins
Rival tokens, including the Official Trump token (TRUMP), have increasingly attracted capital that might have gone to SHIB. Heightened competition has diluted SHIB’s dominance in the meme coin sector.
Declining Community Momentum
The once-vibrant SHIB community that fueled its 2021 rally has lost steam. Many holders are either silent or have shifted focus to other projects, reducing grassroots support critical for driving rallies.
Conclusion: A Marathon Without a Finish Line
For Shiba Inu to realistically achieve $0.0001, several catalysts must align: major ecosystem rollouts, significant token burns, a broad market rally, revived community engagement, and more transparent leadership. Until these factors materialize, the journey to $0.0001 remains a marathon without a finish line, leaving investors cautiously optimistic but aware of the uphill battle ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
