Shiba Inu Marketing Lead Backs $0.01 Target Despite Market Cap Concerns

• Shiba Inu marketing lead Lucie says $0.01 target is realistic but not imminent.
• Current price would require $5.89 trillion market cap at 589.5 trillion supply.
• Token burns, utility expansion could reduce supply requirements.

Shiba Inu’s marketing lead Lucie has supported the controversial $0.01 price prediction. However, she also acknowledged the target would not materialize anytime soon. Her comments come as the crypto community debates whether SHIB can realistically achieve such a massive price increase from current levels.

The $0.01 prediction has drawn skepticism due to mathematical challenges surrounding Shiba Inu’s enormous token supply. With 589.5 trillion tokens currently in circulation, reaching $0.01 would require a market capitalization of $5.89 trillion, exceeding Bitcoin’s current valuation and surpassing major assets like silver.

Despite these concerns, several industry experts have backed the long-term possibility of SHIB reaching the penny mark through various catalysts and market developments.

Luis Delgado, known as Del Crxpto, has defended the $0.01 prediction against critics who claim SHIB will never reach such levels. He argued that cryptocurrency markets have repeatedly shown that extraordinary price movements are possible, suggesting SHIB’s journey to $0.01 would not be an exception to this pattern.

Changelly analysts have also endorsed the target, though their timeline extends to October 2040, placing the achievement 15 years into the future. This extended timeframe acknowledges the significant hurdles SHIB must overcome to reach such valuations.

The debate highlights the tension between optimistic community projections and mathematical realities of market capitalization requirements for tokens with massive supplies.

One primary mechanism for achieving the $0.01 target involves massive token burns that would reduce SHIB’s circulating supply. The burn process sends tokens to dead wallets, permanently removing them from circulation and reducing the total supply.

Multiple burn mechanisms could contribute to supply reduction, including voluntary community burns, Shibarium-powered automated burns, and potential exchange-based burns using trading fees. Major exchanges like Binance and Coinbase could theoretically implement burn programs using portions of fees collected from SHIB deposits and withdrawals.