Fans and investors of Shiba Inu (SHIB) have long pursued a price point of $0.01. The SHIB community often refers to this as the 'one cent dream.' Although SHIB has had an incredible journey over the past four years, the asset still struggles to gain momentum in a generally sluggish market. SHIB fans and community members continue to drive the popularity and demand for the asset. How will Shiba Inu achieve the dream of one cent?

One of the biggest obstacles to SHIB's price increase is its enormous circulating supply. Currently, there are approximately 589 trillion SHIB tokens in circulation. If the asset were to reach the $0.01 price level at its current supply, the project's market capitalization would rise to $5.89 trillion. This figure is highly unrealistic, as it exceeds the market capitalization of large tech companies like Apple, Microsoft, and Nvidia.

For SHIB to reach the price point of $0.01, the only realistic way is for the project to somehow reduce its circulating supply. One of the biggest catalysts for SHIB's astonishing rise in 2021 was Vitalik Buterin's massive token burn. This Ethereum co-founder received half of the supply when SHIB was launched. Buterin decided to burn 90% of the tokens he received. His action led to a significant decrease in supply while demand remained high. Low supply and high demand resulted in a dramatic price increase. Since its launch in August 2020, SHIB's price surged millions of percentage points until it reached an all-time high in October 2021.

According to reports, the Shiba Inu (SHIB) team is researching a new burning mechanism. It is reported that this new mechanism could burn trillions of tokens annually. This burning mechanism is expected to help SHIB quickly achieve the dream of 'one cent.' The team has not yet announced an official launch date for the burning mechanism, nor have they specified how to burn more tokens.