#elonmusk has repeatedly expressed his support for several meme coins. On Father's Day 2022, he exclaimed that he “loves" all his children very much." Immediately afterwards, the self-proclaimed ’Dogefather' said that he would continue to support Dogecoin and confirmed that he would continue to “buy” the asset.Then the 1st of 2023. Elon Musk has announced the ”new" CEO of Twitter. He posted a picture of a Shiba Inu dog wearing a black T-shirt with the CEO sticker, left. Musk exclaimed that the new manager named ’Floki' was “great” and sarcastically claimed that the dog was “much better” than the last manager.A few months later, X's [formerly Twitter] logo was briefly changed from a Blue Bird to a Shiba Inu that serves as the face of the Dogecoin logo. Musk openly declared on the X that the platform was “rebranding to a Shiba Inu dog for a while.""Musk is clearly inclined to meme coins. I mean, do they have assets like SHIB? In this article, we will examine crypto assets.Shiba Inu: How Many SHIB Tokens Does Elon Musk Have?Elon Musk has repeatedly expressed his support for several meme coins. On Father's Day 2022, he exclaimed that he “loves" all his children very much." Immediately afterwards, the self-proclaimed ’Dogefather' said that he would continue to support Dogecoin and confirmed that he would continue to “buy” the asset.Then the 1st of 2023. Elon Musk has announced the ”new" CEO of Twitter. He posted a picture of a Shiba Inu dog wearing a black T-shirt with the CEO sticker, left. Musk exclaimed that the new manager named ’Floki' was “great” and sarcastically claimed that the dog was “much better” than the last manager. Pepecoin Trading Volumes Surpass Dogecoin, Shiba Inu As Early Buyers Take ProfitsA few months later, X's [formerly Twitter] logo was briefly changed from a Blue Bird to a Shiba Inu that serves as the face of the Dogecoin logo. Musk openly declared on the X that the platform was “rebranding to a Shiba Inu dog for a while.""Musk is clearly inclined to meme coins. I mean, do they have assets like SHIB? In this article, we will examine crypto assets.Source: CoinGapeAlso read: Shiba Inu: A $1,000 Investment Turns Into $15 Million in September. 2023Does Elon Musk Have a shib?in 2021, Elon Musk wrote that he had bought a Shiba Inu and exclaimed that resistance was futile. It was unclear at the time if Musk was talking about the DOGE, SHIB, or if he was just referring to getting a new dog.I'm buying a Shiba Inu #resistionfor the future— Elon Musk (@elonmusk) March 14, 2021Also read: Can Shiba Inu Reach $1 by 2024? Here's a Reality CheckHowever, when a community member asked him in October how many SHIB tokens he owned, Musk replied, “None.” Pepecoin Trading Volumes Surpass Dogecoin, Shiba Inu As Early Buyers Take ProfitsA few months later, X's [formerly Twitter] logo was briefly changed from a Blue Bird to a Shiba Inu that serves as the face of the Dogecoin logo. Musk openly declared on the X that the platform was “rebranding to a Shiba Inu dog for a while.""Musk is clearly inclined to meme coins. I mean, do they have assets like SHIB? In this article, we will examine crypto assets.Source: CoinGapeAlso read: Shiba Inu: A $1,000 Investment Turns Into $15 Million in September. 2023Does Elon Musk Have a shib?in 2021, Elon Musk wrote that he had bought a Shiba Inu and exclaimed that resistance was futile. It was unclear at the time if Musk was talking about the DOGE, SHIB, or if he was just referring to getting a new dog.I'm buying a Shiba Inu #resistionfor the future— Elon Musk (@elonmusk) March 14, 2021Also read: Can Shiba Inu Reach $1 by 2024? Here's a Reality CheckHowever, when a community member asked him in October how many SHIB tokens he owned, Musk replied, “None.”None of them— Elon Musk (@elonmusk) October 24, 2021Musk also went on to explain that he only bought Bitcoin, Ethereum and Dogecoin out of curiosity, and added,"Don't bet the farm on crypto! The real value is not money in any form, but to create products and provide services to your fellow human beings.”Out of curiosity, I got some ascii hash strings called “Bitcoin, Ethereum & Doge". That's it.As I said before, don't bet the farm on crypto! The real value is not money in any form, but to produce products and provide services to your fellow human beings.— Elon Musk (@elonmusk) October 24, 2021 #crypto2023 #Shibainu

Shiba Inu’s growth in the indices is tied to several factors that could make or break the token. The factors include circulating supply, burning tokens, widespread adoption, attracting new investors into its fold, and market conditions, among others. Each factor plays a significant role in helping SHIB sustainably scale up the charts. If all these criteria are met and run well, then Shiba Inu could begin deleting its ‘zeroes’ and reach $0.01.
Also Read: Shiba Inu: What’s Stopping SHIB From Reaching $0.01 and $1? Explained
Nonetheless, Shiba Inu failed to delete its fifth ‘zero’ in the last six months and is struggling to reach $0.00001. So how will SHIB reach $0.01, you may ask? Well, data from the Coin Perspective has the answer to the million-dollar question. However, according to the data, SHIB might hit the $0.01 mark only if it meets certain criteria. In this article, we will explain what SHIB needs to do to reach the $0.01 milestone.
Shiba Inu: How Will SHIB Reach $0.01?
The Coin Perspective, which calculates cryptocurrency prices, suggested that Shiba Inu could delete four ‘zeroes’ and reach $0.01 if its market cap increases significantly. According to the Analysis, if SHIB’s market cap touches a high of $5.9 trillion, it could delete all its current ‘zeroes’ and trade at $0.01.
Also Read: Shiba Inu: What Will SHIB’s Price Be on October 1, 2023?
Shiba Inu is currently trading at $0.000007 levels and needs to go 1375x to reach the 1-cent mark. “If Shiba Inu had a market cap of $5.9 trillion, 1 SHIB would be worth $0.010, an upside of 1375x,” said the calculation.
SHIB’s market cap reached its highest on Oct. 20, 2021, touching $39 billion when it reached its all-time high of $0.00008616. Moreover, reaching a market cap of $5.9 trillion is a herculean task because Apple Inc.’s market cap stands at $2.9 trillion. Apple has goods, devices, and employment, pays billions in taxes, and runs on the stock markets. Despite all of this, its market cap never climbed above $5.9 trillion.
In conclusion, though SHIB wants to reach $0.01, its market cap and circulating supply will make it impossible to get there. The cards don’t fit at the moment, and the deck remains on the bearish side of the market.
*Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Shibainu #SHIB #crypto2023 $SHIB