[DigitalToday reporter Yoonseo Lee (이윤서)] An analysis said Shiba Inu is unlikely to reach $0.01, a level long discussed as a long-term target, under the current structure.

On April 21 (local time), blockchain media outlet The Crypto Basic reported that analyst Szymanski, reviewing Shiba Inu’s price outlook, cited supply and market capitalisation as the biggest hurdles to reaching $0.01.

The key is circulating supply. Szymanski pointed to the massive circulating supply as the main reason Shiba Inu still stays below 1 cent.

As of now, Shiba Inu is priced at about $0.000006020 and its market capitalisation is about $3.54 billion. Circulating supply is estimated at about 589.16 trillion tokens. At that supply level, if Shiba Inu reaches $0.01, its market capitalisation would be about $5.89 trillion. That would far exceed the current total crypto market size of $2.55 trillion and bitcoin’s market cap of about $1.5 trillion. This is also why the market views a $0.01 scenario for Shiba Inu as unrealistic.

Szymanski did not deny Shiba Inu’s upside potential itself. He said Shiba Inu has a history of explosive gains in bull-market phases and that a loyal community still supports participation and demand. That is also why some investors expect another big rise.

But he assessed that even if Shiba Inu can generate strong returns in a future bull market, reaching $0.01 would not be easy under current conditions. He meant that expectations alone would be unlikely to overcome the limits of the supply structure.

Expectations for Shiba Inu to reach $0.01 spread in earnest after it hit an all-time high of $0.00008845 in 2021. The surge within 1 year of its launch expanded discussion of long-term targets. Bullish forecasts by figures such as marketing chief Lucie also underpinned community optimism. Shiba Inu drew market attention by jumping more than 150 million percent in 14 months.

The problem is that the conditions that drove the sharp rise at the time have now weakened. Critics say community-driven momentum has faded compared with the past as early investors moved to new opportunities, and that fatigue over recent price action has grown even among remaining participants. Szymanski said the current burn rate is also negligible compared with the past in generating market interest or supporting prices.

In the background was the large-scale token burn led by Vitalik Buterin, Ethereum’s co-founder, in 2021. The burn and large donations at the time played a decisive role in raising awareness of Shiba Inu. By contrast, today’s burns are not drawing the same level of attention.

Concerns about the broader ecosystem also remain. Critics cite factors such as possible internal discord within the team, a shift in emphasis toward expanding projects other than Shiba Inu, and the team maintaining anonymity while managing assets worth billions of dollars. These factors are cited as variables that could block large inflows of funds.

As a result, the market’s view on Shiba Inu is splitting in two. Expectations remain that a bull market could revive meme coins’ characteristic sharp rallies, but the $0.01 goal is still seen as a high hurdle given the current supply structure and the scale of funds.

SHIBA INU TO $0.01… DREAM OR REALITY? Let’s break it down with no hype, just truth Current reality:$SHIB is still trading in tiny fractions of a cent… With a massive circulating supply If SHIB hits $0.01: The market cap would explode into trillions of… pic.twitter.com/ZAcwlxTY0n