When Can Shiba Inu Hit $0.01 or $0.001 If Shibarium Burns 9 Trillion SHIB Every Month

Shiba Inu has the potential to skyrocket to unforeseen heights in the next few years if Shibarium burns a large amount of SHIB, with price projections possibly reaching the $0.01 and $0.001 region.
As you know, Shibarium launched on mainnet in August 2023, sparking excitement in the Shiba Inu community. However, this layer-2 network started to record greater adoption rates in late November 2023, processing more than 20 million transactions from December 1 to 3, 2023.
For your information, Shibarium only processed 3.3 million transactions in the first eight weeks of its launch. Transactions surged to a daily average above 7 million starting in late November, and this increase led to one of the highly anticipated utilities of the network: Shiba Inu burning.
Although Shibarium promises more promise than SHIB burning, most community members are waiting for its arrival to see the burning campaign strengthened. Shibarium documentation reveals that the network will burn SHIB at 70% of its base transaction fees.
However, the Shibarium burn did not occur until early December 2023, with the first burn involving 8.24 billion SHIB worth $75,241 on December 4. The burn has increased since then, with the total Shibarium burn reaching 33.8 billion tokens across four transactions through December 23.
This year also saw a Shibarium burn, with 9.93 billion SHIB burned from Shibarium fees on January 9th. With combustion improving, the Shibarium development team plans to switch to an automatic combustion mechanism. However, the question is, how will this burn affect the price of Shiba Inu?
Shiba Inu currently has a circulating supply of 581.2 trillion tokens. Many attribute SHIBs inability to record a major rally to this huge supply, leading to support for the burning campaign.
SHIB reached its ATH of $0.00008845 shortly after Vitalik Buterin burned 410 trillion tokens in May 2021. Although some arguments suggest that the surge to $0.00008845 was also driven by increased demand, the role of the burn cannot be denied.
With the impending arrival of automated burning systems and increasing adoption of Shibarium, proponents project monthly burning growth in the trillions. If Shibarium burns 9 trillion tokens every month, how long will it take Shiba Inu to reach a high price target like $0.001 or $0.01?
So, Burning 9 trillion SHIB every month would mean 108 trillion tokens every year. At this rate, half of the supply (290.5 trillion tokens) could burn in less than three years. For Shiba Inu to maintain its $5.3 billion capitalization on 290.5 trillion tokens, its price would need to surge to $0.0000183.
In the next year of burning, an additional 108 trillion tokens could disappear, leaving 182.5 trillion tokens in circulation. At this supply, a market cap of $5.3 billion would take the Shiba Inu price to $0.0000293 in four years time.
However, at its peak market capitalization of $43.5 billion, reached in May 2021, Shiba Inu would have traded for $0.00024 if the circulating supply was only 182.5 trillion tokens. The asset will only reach $0.001 in circulating supply if its market cap reaches $182 billion and $0.01 if its valuation reaches $1.82 trillion.
At current prices, SHIB needs a 10,925% increase to reach $0.001 and a 110,153% increase to reach $0.01. There is no guarantee that Shiba Inu will achieve any of these targets. However, this evaluation provides useful educational insight into the requirements for such price increases.
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