Shiba Inu exploded on the market in August 2020, formed by the mysterious “Ryoshi”. It has ridden the meme wave strongly, shaping itself as an Ethereum-based rival to Dogecoin, even borrowing the same Japanese dog as a logo and calling itself a “Dogecoin killer”. However, Ryoshi sees SHIB not just as a joke; it is a bold question: what would happen if a cryptocurrency project was entirely driven by the power of people? This effort for a truly decentralized experiment, built by the community, has created a loyal following worldwide, the “SHIBArmy”, who are always at the forefront and center of SHIB’s adventurous journey. Where Does SHIB Come From and How Is It Built? Ryoshi, like the mysterious figure Satoshi Nakamoto of Bitcoin, has hidden himself and then disappeared from social media in May 2022, but prior to that emphasized that the community, not any founder, is the one that holds the power to operate. The “WoofPaper” project—its new version based on a traditional white paper—presents a vision of power for the people. The initial setup of SHIB was anything but normal. One trillion tokens were created right from the start. Half of this astounding number was put into Uniswap to maintain transaction liquidity. The other half took a controversial direction towards Vitalik Buterin, the co-founder of Ethereum. Later, Buterin “burned” 90% of his SHIB by sending it to a dead cryptocurrency wallet, essentially eliminating it. The remaining 10%, worth over a billion dollars at the time, he donated to COVID-19 relief in India and other charitable organizations. Thanks to Buterin’s massive burn and the community’s ongoing efforts to burn more tokens, the actual number of SHIB in circulation has dropped greatly from the first trillion figure. By mid-May 2025, you will see approximately 589 trillion SHIB tokens in circulation. Token burning is an important strategy to reduce supply, and even the transaction fees on Shibarium, the Layer-2 network of Shiba Inu, are partially converted into SHIB and burned. The market pulse of SHIB (In mid-May 2025) The trading life of Shiba Inu is truly very tumultuous, simple and clear: Price: SHIB is trading between $0.000015 and $0.000016. Market Value: Its total value ranges from $8.9 billion to $9.62 billion, which is usually in the top 15 to 18 cryptocurrencies. You get this number by multiplying the current price by the number of tokens available. Trading activity: Over the past day, people have traded between $459 million and $578 million worth of SHIB shares. Looking back:SHIB peaked, an all-time high, at around $0.00008616 to $0.000090 in October 2021 (con the exact number may vary slightly depending on who you ask).What is its lowest point? A fraction of a penny, from $0.000000000056 to $0.00000000008165, in August/September 2020.Recent moves: SHIB has seen some encouraging bullish signs over the past week and month, although there have also been sharp declines. Big dream: Will SHIB really reach the price of 0.01 dollars? Talking about SHIB reaching one cent is a big deal in its community. But when you calculate the numbers, the mountain that SHIB has to climb seems very large. For SHIB to reach the level of $0.01 with approximately 589 trillion tokens in circulation, its market capitalization would need to skyrocket to an unbelievable level of $5.89 trillion. Think about that for a moment: Compared to SHIB today: The $5.89 trillion target makes SHIB’s current market cap of around $9 billion look like change. Against Crypto Titans:Bitcoin (BTC): Bitcoin’s value, although fluctuating, is often in the hundreds of billions, sometimes exceeding $2 trillion. For SHIB to reach $5.89 trillion, it will have to be much larger than regular Bitcoin, possibly even many times the value of the entire current cryptocurrency market. Ethereum (ETH): Ethereum, which is usually the number two cryptocurrency, typically has a market cap of hundreds of billions of dollars – estimated at around $300 billion to $327 billion around May 2025. SHIB’s $5.89 trillion dream will completely overshadow Ethereum’s current size.Against global giants: The world’s largest public companies, names like Apple and Microsoft, are valued at around $3.1 trillion to $3.3 trillion by May 2025. Saudi Aramco also participates in that tournament. Other tech giants such as Nvidia, Amazon, and Google (Alphabet) also have valuations of up to trillions of dollars. If SHIB reaches $0.01, it means its total value would have to surpass these global giants. This just shows the almost unimaginable increase in interest, perceived value, and cold hard cash that would need to flow into SHIB. Token Burn: The Search for Scarcity The idea behind token burning is very simple: to reduce the total supply of SHIB, making it scarcer, and hopefully, if people still want to buy it, the price will increase. Past burns: More than 410 trillion SHIB tokens, about 41% in the first batch, have gone up in smoke since day one. Vitalik Buterin’s massive burn is a huge part of it. Currently, how the burn works:People’s power: SHIBArmy directly implements, sending tokens to “dead” wallets that cannot be used. Websites like Shibburn.com keep an eye on the efforts of this community.Shibarium contributions: When people make transactions on the Shibarium network (trả fees in BONE) tokens, some of them are converted to SHIB and burned. Since Shibarium’s launch in August 2023, it has helped burn tens of billions of SHIB. For example, a 24-hour rally saw more than 28 million SHIB burned, a notable jump in burn rates. Another time, in March 2025, the burn rate was reported to skyrocket to 8,470% after a wallet burned one billion SHIB. Is Burns really effective? This is a lively debate. Although a lot of SHIB has been burned, the large number still remains which means that the current burn rate may not change the price much. Experts calculate that in order for the burns to create a real dent, the combustion process must either accelerate significantly or more people must want SHIB at the same time. The team behind Shiba Inu considers burning to be a game of patience. Some hope that a steady, faster combustion through Shibarium can, within five to ten years, reduce the supply enough to help the price, assuming that the entire ecosystem develops and the market performs well. However, the head of SHIB’s marketing department himself warned about rapid burn-out programs from unrelated projects, emphasizing that the burns really need to come directly from the stockpile or the project’s own income. Even if it reaches a more modest level of $0.001 without surpassing Bitcoin’s usual dominance, the market capitalization of SHIB would also increase to about $589 billion - still a significant leap. Building more than just Buzz: Enhancing the utility of SHIB The developers of Shiba Inu don’t just sit still; They are busy trying to give their tokens real work. This is a decisive step to get long-term investors seriously involved and remove the “just hype” trademark. Shibarium (The Speedy Layer-2): This network is built to trade faster, cheaper, and is key to SHIB’s growth plans. It is home to (dApp) applications, (DeFi) decentralized finance, NFTs, and dreams of the superuniverse. The total amount of (TVL) locked on Shibarium has increased, recently reaching $3.38 million and then $3.79 million. There is even a (rất vọng) goal of taking up a large portion of Ethereum’s TVL.TREAT Token: This new coin will perform several tasks: reward users on ShibaSwap and in-game Shiba Eternity, support the upcoming stablecoin SHI, and promote Layer-3.SHI Stablecoin technology: The team plans to launch this stablecoin to provide a reliable trading method in the world of Shibarium, although this launch still needs clearer rules for stablecoins. SHIB: Metaverse: Imagine a virtual world for the community to gather, create, and manage. SHIB tokens can even be used to personalize the virtual land there. Shiba Eternity: This is a collectible card game, and they are planning to release a play-to-earn version for Shibarium.ShibaSwap Upgrade: The project’s decentralized exchange is about to be changed to promote trading options and turn it into a complete data center. What else is going on? Keep an eye out for Shiba Hub (một mới) community points, K9 Finance (để staking on Shibarium), a privacy-focused Layer-3 testnet, and a fully trung( decentralized autonomous )tổ DAO for all SHIB pool tokens. Success in the real world and facing competition While the SHIB world is certainly growing, its real-world use outside of the community and speculative trading context is still gradually taking shape. SHIB Comparison:Dogecoin (DOGE): Another coin that started as a meme, Dogecoin is trying to become an everyday means of payment. Cardano (ADA), Solana (SOL), Polygon (MATIC): These are more well-established names with real-world applications in DeFi, NFTs, smart contracts, and business solutions, boasting large partnerships. If projects like Shibarium can bring more real-world applications for SHIB, it can definitely attract more interest and cash. But it’s a tough road: widespread adoption, the actual effectiveness of token burning, fierce competition, the broader market sentiment, and regulatory decisions will make a difference. The power of Hype and SHIBArmy Let’s be realistic: the excitement of the community, the social media frenzy, and the praise from influencers have caused the price of SHIB to skyrocket ( and crash ) before. The dedication of SHIBArmy is a real plus. But relying solely on hype often leads to a wild, unstable ride. For SHIB to seriously aim for a target like $0.01 and maintain that level, it needs to build real value through actual use and widespread acceptance. The obstacles and dangers ahead Anyone thinking about SHIB needs to be aware of the following risks: Coin Madness meme: Since it started as a meme, the price of SHIB can fluctuate wildly based on sentiment and guesswork. Crowded House: The crypto world is flooded with projects that are vying for attention.Lawmakers’ worries: How governments around the world decide to regulate cryptocurrencies, especially meme money, could change the situation for SHIB. Whale watching: While many of the largest SHIB wallets belong to exchanges or burn addresses, if some individuals hold large amounts, they could theoretically collapse the market by selling off. That huge supply: This is the biggest problem. With so many tokens, it is extremely difficult to increase the price of each token in some way. How the overall picture affects SHIB The developments in the broader cryptocurrency market and the global economy have a significant impact on the price of SHIB. Market tides: SHIB often performs well when cryptocurrencies boom (bull market) but is heavily affected when things calm down (bear market).Signs of Bitcoin: The fluctuations of Bitcoin tend to determine the rise and fall rates of most other cryptocurrencies, including SHIB.Economic winds: Factors such as inflation, central bank interest rate moves, and the stability of the global economy can make investors more or less willing to bet on riskier things like meme coins. The $0.01 question: Science fiction or far-fetched possibility? When asking experts whether SHIB can reach $0.01, you will receive many different answers, mainly “not anytime soon.” Believers: Some in the community and a handful of analysts have yet to give up hope. They point to SHIB’s past insane growth, the ongoing work to build its ecosystem (đặc specifically what Shibarium can làm), and the impact of token burning. Some predictions are very far-fetched, like one from Changelly, even giving the idea that it could happen in 2040.Skeptics: Most analysts think that $0.01 is a very distant number without a big drop. It is currently unimaginable in terms of supply or a spike in demand and market value. The pure numbers associated with achieving a valuation of trillions of dollars from current levels are simply astounding. What needs to be done: Almost everyone agrees that for $0.01 to become a distant dream, you need a perfect storm: constant, massive token burns; game-changing breakthroughs in the use of SHIB and the number of adopters; and an extremely friendly market. Beyond a coin: Other ways to measure the success of SHIB Focusing solely on the price of $0.01 may be shortsighted. It would be wiser to consider the overall health of SHIB by monitoring: Total Value Growth: Market capitalization increases steadily. Ecosystem win: How much activity and money is flowing through Shibarium, new applications are being built, and SHIB and partner tokens (BONE, LEASH) actually used in the real world. Community atmosphere: Is SHIBArmy still active and satisfied with the project? Coin Burn Rate: Is the Token Supply Declining Continuously and Meaningfully? Stable price: If the highly volatile price starts to ease, it means that SHIB is growing. What managers can do The rulebook for cryptocurrencies is still being written, and how governments, especially with regards to meme money, decide to act will undoubtedly impact SHIB. In the United States, recent rumors from the SEC suggest that ordinary memes bought for entertainment, not for investment, may not be called securities, although they are still being monitored by the CFTC for fraud. The EU’s MiCA rules are a major step towards a clear framework that will affect crypto creators and services. Places in Asia such as Japan, South Korea, Singapore and Hong Kong are all finding their own approaches, and some will likely be tougher on meme money. Clear rules may make investors feel safer, but rules that are too tight can kill growth. Shiba Inu’s long-term strategy Clearly, the research team behind Shiba Inu does not want to win quickly; they seem to be building for the future by: World Expansion: With Shibarium, new tokens like TREAT and SHI, upgraded ShibaSwap 2.0, Metaverse, and games. Supply is shrinking: Through constant token burning. The Power of the People: Giving the community a voice through the Doggy DAO. Make friends: Like their recent relationship with the UAE’s Ministry of Energy and Infrastructure to explore Web3 ideas. So, what is the end result? Shiba Inu has built an impressive community and is really trying to create a useful, thriving ecosystem. However, a rise to $0.01 is extremely difficult, mainly because there are so many SHIB tokens out there. The increase in market value required is immense. This isn’t impossible in the chaotic world of cryptocurrencies, but it will require major changes in how SHIB works, how it’s used, how many people want it, and how the market is going — things that are unlikely right now. Anyone who invests should keep their expectations at a realistic level and pay close attention to the actual progress of the project and the situation of the entire ecosystem.