The Shiba Inu investor community is still one of the most active and seems to be stronger than ever even three quarters through 2022.
Shiba Inu currently sits at 0.000013 USD which is a far cry from the 1 penny goal the community was hoping to see sometime in 2022, but still has a strong community with hopes for the coin to blast off before the new year.
WILL SHIBA INU REACH $1 OR EVEN $0.01?
If Shiba Inu continues to burn coins at a rate of 100s of millions this would most definitely decrease the total supply to an amount in which could someday bring a value of 1 penny or more in theory. With a market cap of $6,968,919,791.53 there is still a massive number of coins out in existence.
One of the best things that Shiba Inu has going for it is the constant burning of the token.
Will more Shiba Inu be Burned?
Over the up-and-coming months there are talks of the total supply of Shib to continue to be burned in order to stay at a pace the community expects. Although this does not guarantee that Shiba Inu will move up in price in the up-and-coming year, it does fall in line with the project’s goal of lowering overall supply and continue to add value to the project!