Shiba Inu (SHIB) investors and fans have long envisaged the unlikely ‘One-Cent Dream’ as a long-term goal for the price of the beloved doggy-themed crypto asset. Although it has seen a steep downturn since achieving an all-time high in 2021, mobilizing enthusiasm suggests there may be value left to unlock.
Financially speaking, if SHIB were to reach the coveted cent dollar, it would require an enormous jump. 100 million SHIB tokens would be worth $10 million at the current market price of $0.01. This means that an investor would need a staggering 135769.57% increase in the SHIB value.
Comparatively, SHIB’s tokenangent, Ethereum (ETH) co-founder Vitalik Buterin donated and burned half of the asset’s initial supply. SHIB’s management team would need to muster the bravery and assurance of Buterin to conduct a behaviourally similar move. Yet simultaneously, incentivizing demand pumps could marry with the increased scarcity to reciprocallyfulfill a previously lofty goal.