Shiba Inu: Top 3 Ways SHIB Can Hit $0.001

Shiba Inu (SHIB) has seen ample success in its four-year history. The asset’s price skyrocketed during the 2021 bull run. Early investors made massive gains with small investments. The asset’s price has taken a hit over the last few years. SHIB is struggling to regain the same momentum. The asset is down by 78.5% from its all-time high of $0.00008616.

While SHIB struggles to gain footing, let’s discuss some ways in which the asset could surge to a new high of $0.001.

Also Read: Dogecoin ETF: How High May DOGE Rise In 2025?

Top 3 Ways Shiba Inu Can Hit $0.001

1. Massive SHIB Burn Initiative

Shiba Inu burning coins
Source: Watcher Guru

One of the most substantial catalysts for SHIB’s incredible performance in 2021 was Vitalik Buterin‘s token burn. The Ethereum co-founder received half of SHIB’s supply upon launch. Buterin decided to burn 90% of the tokens he received. His actions led to a significant supply dip while demand was high, causing a massive rally.

Also Read: Ripple CEO Pushes for National Crypto Reserve as RLUSD Stablecoin Set to Reshape 2025

If the Shiba Inu (SHIB) team can undertake another massive burn, we may witness another 2021-like rally.

2. More Real-World Use Cases

shiba inu office
Source: Watcher Guru

SHIB launched its Shibarium network in August 2023. The network brought many real-world use cases to the SHIB ecosystem. Developers could now build on SHIB’s network.

If more projects are built on the Shibarium network, SHIB’s price could see a healthy rally. Real use cases are essential for a project’s longevity.

3. More Adoption

Shiba Inu with a present
Source: Watcher Guru

Also Read: Elon Musk’s X and Visa Unite: Introducing the X Money Account

Adoption is one of the main factors determining an asset’s price. If more vendors open their doors to SHIB, the asset could see a spike in adoption. The dog-themed cryptocurrency is already accepted on a host of different platforms. The number of platforms that accept SHIB has to grow exponentially for the asset’s adoption to become mainstream.

  • shib
  • shiba inu

Comments

Post a Comment

Popular posts from this blog

Inquiry on Binance headquarters and audit left unanswered by new CEO Richard Teng

The new CEO of the Binance exchange, Richard Teng, dodged answering a question about the location of the company’s headquarters and its audit or. His statement was made as part of the Crypto and Digital Assets Summit organized by the Financial Times. During his speech, the new CEO of the exchange once again emphasized Binance’s “shortcomings” with respect to the company’s regulatory requirements. At the same time, Teng avoided questions related to the organization’s activities and structure. You might also like: Richard Teng takes the helm at Binance promising a shift away from outlawed behaviour When about Binance’s global headquarters , and whether the company will be audit ed, or if it plans to apply for a license in the UK, Binance’s new CEO said that he had already answered each of the questions asked “previously.” When asked again about the headquarters , Teng again brushed it off, emphasizing that it was “under consideration.” “...
Read more

Australian regulator ASIC to ramp up focus on digital scam

ASIC, Australia’s financial watchdog, has announced a new four-year plan prioritizing consumer protection against digital scams, including cryptocurrency-related frauds. ASIC, the Australian Securities and Investments Commission, has unveiled a new four-year strategy aimed at shielding consumers and businesses from digital scams, including those involving cryptocurrencies. Chair Joe Longo indicated that while ASIC has made strides since outlining its priorities last year, there’s ongoing work. The regulator is adapting to shifts in sustainable finance, the digital economy, and the challenges an aging population poses. You might also like: ASIC releases the top 10 ways to spot a crypto scam Longo also mentioned that ASIC closely monitors how emerging technologies like AI could impact businesses and consumers. Australia has been generally favorable toward digital currencies. The country has both embraced and regulated cryptocurrencies, most notably by exempt...
Read more

LUNC Price Prediction: LUNC Gains 3.09% Amid Market Rebound – Time to Buy?

Image
Join Our Telegram channel to stay up to date on breaking news coverage The Terra Classic token LUNC has faced difficulties since the Terra ecosystem’s collapse, which resulted in the splitting of its blockchain. However, $LUNC seemed to have gained traction and reversed course, gaining 3.09% in the last 24 hours. Despite the recent financial crisis that gripped the industry, this gain occurred as the overall crypto market rallied. While major assets like Bitcoin and Ethereum lead the charge, $LUNC has also grabbed onto the bullish wave. Is now the ideal time to purchase $LUNC, given its recent rise and market momentum? LUNC Finds a Foothold and Retraces At press time, Terra Classic $LUNC is trading at $0.000093, indicating an uptrend of 3.09% in the last 24 hours. However, prior to this surge, the asset had a slump of 0.9% in the last seven days, 12.6% in the last two weeks, and 26.2% in the last month. $LUNC has a 24-hour trading volume of $31 million, indicating an...
Read more