Can Shiba Inu Hit $0.01? Google Bard AI Provides an Answer

While Shiba Inu investors continue to debate the possibility of the asset hitting $0.01, Google’s Bard AI believes this target could actually be achievable.

In a recent conversation, we queried Google’s Bard AI regarding the likelihood of Shiba Inu reaching $0.01, considering its current value of $0.000008546 and a circulating supply of 574 trillion tokens.

The AI chatbot replied: “It is possible for Shiba Inu to hit $0.01 in the future, but it would require a significant increase in demand and a decrease in supply.”

This response aligns with the widely-held belief that the extensive supply of Shiba Inu needs to be reduced for the asset to witness significant price surges. With a circulating supply of 574 trillion tokens, SHIB would attain a market cap of $5.74 trillion if it were to hit the $0.01 price target. However, such a scenario is highly improbable, emphasizing the necessity for a decrease in supply.

Factors that Could Help Shiba Inu Hit $0.01

“There are a few factors that could contribute to an increase in demand for Shiba Inu. One possibility is that the cryptocurrency could become more widely accepted as a form of payment,” Bard further disclosed.

The AI chatbot is referencing the utility of Shiba Inu as a means of payment. This bodes well for the asset, as it has already gained traction in the payment sector. Notably, established retailers such as Newegg, Gucci, and Twitch accept Shiba Inu as a form of payment.

Additionally, the integration of Shiba Inu with BitPay, Binance Pay, and Binance Card has exposed SHIB to a vast network of online vendors and merchants. This heightened exposure further bolsters the adoption and demand for the asset.

Bard noted that SHIB will have a chance at hitting $0.01 if “the Shiba Inu ecosystem could continue to develop, with new projects and partnerships being announced.” Noteworthy endeavors like Shibarium, SHIB: The Metaverse, and the Shiba Inu cold wallet align with this vision.

As of press time, SHIB is trading at $0.000008546, down 1.50% over the past 24 hours. Achieving $0.01 would signify an astounding 116,913% surge in value. While this may seem extraordinary, the crypto market has witnessed such rallies in the past. However, SHIB’s chances of success rely heavily on a substantial reduction in supply, as well as increased demand and utility.