Shiba Inu (SHIB) faces significant obstacles in reaching its ambitious price target of $0.001, primarily due to its enormous token supply of 589 trillion. The cryptocurrency's limited utility beyond speculation and lack of institutional interest further complicate its growth prospects. Additionally, the anonymous nature of its leadership and internal team conflicts undermine investor confidence.
Efforts by the Shiba Inu community to burn tokens have been insufficient, with the current burn rate too slow to meaningfully impact the price. The project's focus on external initiatives and the absence of a U.S.-listed ETF also detract from its credibility and potential for widespread adoption.
Shiba Inu's Path to $0.001 Hampered by Key Challenges
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