There are great expectations from Shiba Inu (SHIB): Will the rise continue?

As the crypto market continues its bull run and some analysts are expecting impressive gains from major altcoins Shiba Inu (SHIB) has attracted attention with the direction of both the memecoin market and ETH.

Market watchers have adjusted these predictions to more ambitious targets following SHIB's recent price surge. The popular coin rose almost 300 percent to a peak of $0.000045. SHIB investors' expectations increased, reigniting their predictions of a rise to the $0.01 level.

While most supporters dismiss this goal as wishful thinking, a certain number point to current dynamics in the Shiba Inu ecosystem as a possible trigger. These include ecosystem growth, significant partnerships, and Shibarium burns.

Can SHIB reach $0.01?

Shiba Inu community members raised their price expectations to higher levels, accompanied by the burns carried out by SHIB, the course of the market and the memcoin trend.

Currently, Shibarium burnings are done manually and require a minimum deposit of $25,000 in BONE to trigger the burning. Since the network allocates 70 percent of its base transaction fees to Shiba Inu burnings, more transactions will bring larger burnings. However, the ecosystem team is currently planning to automate the burning process. , will automatically turn into a close operation of the network when the necessary conditions are met.

As these burns continue to accumulate with sufficient contributions from Shibarium, discussions around the $0.01 price target have resurfaced. For context, SHIB would need to rise 30.688 percent from the current $0.00003248 to reach $0.01.

Considering that the Shiba Inu rose 27.53 percent in the previous bull run without any burnout, constituents now believe that a 30.688 percent increase in this bull run is possible. But SHIB supply is the biggest hurdle for the pair because the price of $0.01 means there are 589 in circulation. It will lead to $5.8 trillion in trillion supply.