"Can Shiba Inu (SHIB) erase the zero in its price by the end of 2024?"

Shiba Inu's price has risen sharply recently, and its market value has jumped to more than $11.5 billion, becoming the 14th largest cryptocurrency and the second largest meme coin. After asking ChatGPT, I learned that although it is theoretically possible for Shiba Inu to achieve a significant price increase and erase the zero in its price by the end of 2024, this depends on the combined effect of multiple factors, such as favorable market sentiment, Shibarium's adoption and utility improvement, and increased SHIB consumption rate. Shibarium is Shiba Inu's second-layer expansion solution. It has recently become a focus due to the total number of blocks exceeding 7 million. Its purpose is to promote the development of Shiba Inu's ecosystem. SHIB's destruction mechanism is also constantly upgrading. The surge in destruction rate can reduce the circulating supply, which may trigger price increases if demand does not decrease. To erase the zero in the price, Shiba Inu's market value needs to soar to $115 billion. Currently, only Bitcoin, Ethereum and Tether have higher market values. Shiba Inu's price surge has benefited investors, with 55% of holders now making paper profits, compared to nearly 90% of holders who were in the red during the pullback in September 2023. Shiba Inu has a solid community base, with nearly 80% of holders joining more than a year ago, 19% joining in the past 12 months, and only 2% joining in the past 30 days.