While investors in Shiba Inu are constantly debating the coin’s potential to reach the $0.01 mark, Google’s Bard AI provides an answer to this pressing question.
Will SHIB Ever Reach $0.01?
Recently, we turned to Google’s AI bot called Bard for an estimate of the likelihood that Shiba Inu will ever reach the $0.01 milestone, given its current price of $0.000008546 and a circulating supply of 574 trillion tokens.
The response from the AI chatbot was as follows:
It is not impossible for Shiba Inu to reach the $0.01 mark in the future, however, this scenario would require a significant increase in demand and supply reduction.
This response reflects the general sentiment that a significant reduction in Shiba Inu’s abundant supply is necessary to achieve substantial price increases.
If Shiba Inu reaches the target milestone of $0.01 with the current circulating supply of 574 trillion tokens, its market cap would reach a staggering $5.74 trillion. However, this scenario seems extremely unlikely, underlining the importance of a supply reduction.
Factors That Can Help Shiba Inu Reach $0.01
There are several factors that can provide incentives for an upward price movement of SHIB. This is how the AI stated:
“A growth in demand can be fueled by various factors. For example, the large-scale acceptance of cryptocurrency as a means of payment can be an important stimulus.”
The AI chatbot emphasizes the practical applicability of Shiba Inu as a means of payment. This signal is positive for the currency, which has already made significant progress within the payments industry. Leading companies such as Newegg, Gucci and Twitch have already integrated the coin into their payment system.
In addition, Shiba Inu’s integration with payment services such as BitPay, Binance Pay and Binance Card has made the coin accessible to an extensive network of online merchants. This increased visibility is driving adoption and demand for the coin.
Bard AI added that SHIB has the potential to reach the $0.01 mark if “the Shiba Inu ecosystem continues to grow, supported by new projects and partnerships.” Important initiatives such as Shibarium, SHIB: The Metaverse and the Shiba Inu cold wallet are in line with this vision.
Currently, SHIB is trading at a price of $0.000008746, representing a 2.6% increase in the past 24 hours. Reaching $0.01 would represent a spectacular 116.913% increase in value. While this may seem unlikely at first glance, the cryptocurrency world has surprised us with such surges before.