https://wccftech.com/as-shiba-inu-shib-introduces-a-new-supply-burn-mechanism-the-widely-circulated-prediction-for-the-coin-to-hit-1-cent-may-have-some-substance-to-it-after-all/

Shiba Inu (SHIB), a Dogecoin spinoff that has rocketed to the center of attention in the financial world due to its outsized gains, is currently just a spitting distance away from its all-time high. Against this backdrop, social media is abuzz on the back of a speculative mania, with some predicting that the coin would soon hit the 1 cent ($0.01) price level. Let’s disassemble.

At the time of writing, Shiba Inu coins are trading at a $0.00002877 price level, which is just 17 percent below the May all-time highs of $0.00003389. Considering that the coin had lost over 80 percent of its value in the ensuing summer turmoil, the ongoing rally is astounding.