The 1 cent dream is the voice of millions of Shiba Inu investors who want to see SHIB reach the $0.01 mark. The day when the price of Shiba Inu reaches $0.01, people will quit their jobs en masse and book new houses. The lives of ordinary investors will experience the lifestyle of millionaires and retire instantly. However, the "1 cent dream" is becoming difficult to become a reality because three things prevent its price from reaching $0.01.
So what’s stopping Shiba Inu from reaching the $0.01 milestone? In this article, we’ll highlight the top three reasons why SHIB has trouble reaching the 1 cent mark.
Shiba Inu: These 3 developments prevent SHIB from reaching $0.01
Chaiba Burns
Shibarium is touted as the messiah of SHIB, and it is widely speculated that it can burn trillions of tokens. Nevertheless, the reality is far from the truth, as Shiabrium has not announced a "mass burn" mechanism. A few million tokens sent to dead wallets will never allow SHIB to reach the $0.01 mark.
No global adoption
Shiba Inu has 1.3 million holders at the beginning of 2023 and 1.3 million holders in 2024. SHIB has not been mass-adopted and the investor base has remained the same for a year. SHIB needs to attract a new round of new and first-time investors, a goal that has been successfully achieved in 2021. In addition, the ongoing bear market has made it difficult for the token to attract new investors to join.
Lack of real-world use cases
Shiba Inu launched Welly's restaurant, providing a real-world connection to the SHIB token. In addition, it launched the John Richmond clothing line as a real-world use case. Moreover, none of them are very large and contribute little to the increase in SHIB's price. SHIB needs real-world use cases to attract new investors that can reflect positively in the charts.
All in all, if these three things are not solved, Shiba Inu reaching $0.01 can only be a dream and fantasy. Whether SHIB can solve these problems in the next few years, only time will tell.
