Can Shiba Inu (SHIB) reach $0.01? That's the question on every investor's mind. Currently trading at $0. and down nearly 2% in the last 24 hours, SHIB is struggling to delete its fifth zero. But is there hope?

Shibarium's Role: Burning SHIB and Boosting Value

The Creators of Shiba Inu have also started Shibarium, a layer-2 blockchain that will burn SHIB using a percentage of the transaction fees. Shibarium has successfully burned over 55 billion SHIB, reducing the massive circulating supply. In a recent tweet, a financial expert directed attention toward the possibilities presented by Shibarium. This analyst noted how the layer-2 solution has the potential to enhance SHIB’s value. But is it enough?

SHIB's Massive Supply: A Major Hurdle

While several experts believe SHIB can reach $0.01, the major question remains whether Shiba Inu can achieve the feat with its current supply of 589.25 trillion tokens. The sheer volume of SHIB in circulation presents a significant challenge. Burning tokens through Shibarium is crucial, but the rate of burning needs to drastically increase to have a meaningful impact. Is Shibarium burning enough tokens, fast enough, to realistically propel SHIB to $0.01?

Will Shibarium Carry SHIB to $0.01?

Shibarium offers a potential path forward for Shiba Inu. The burning mechanism, if effective, could create scarcity and drive up the price. However, the current trading price indicates SHIB is moving further away from deleting its fifth zero. The success of Shibarium in accelerating token burns will be the key factor in determining whether Shiba Inu can realistically achieve the ambitious goal of reaching $0.01.