Shytoshi Kusama’s Bold Economic Proposal: Can It Propel Shiba Inu to $0.0001?

• Shiba Inu’s Shytoshi Kusama has proposed a $2.35 billion blockchain-backed economic plan, S.H.I.B, to President Trump.
• If adopted, the plan could propel SHIB’s price to $0.0001, though experts share a mixed sentiment.

Shiba Inu, a meme coin launched in 2020 has captured the attention of the cryptocurrency community, especially since Pro-crypto Donald Trump got elected as the 47th President of the U.S.

Notably, Shiba Inu which once jokingly added another zero to its market price in early September has rebounded and is now hovering at the $0.000025 mark. This resurgence has ignited heightened discussions on whether the meme coin can overcome all odds and reach the $0.0001 milestone.

At the time of press, Shiba Inu is trading with $0.00002553 marking a 1.29% surge in the last 24 hours. On the same note, SHIB is also up 2.23% and 32.28% in the past week and month respectively. 

Shytoshi Kusama’s S.H.I.B Proposal to Trump

Similarly, On November 5, Shytoshi Kusama wrote in a blog proposing an ambitious economic initiative for Donald Trump. Dubbed the “Strategic Hub for Innovation in Blockchain (S.H.I.B)”, the $2.35 billion plan aims to create a Silicon Valley-like hub for blockchain technology. This hub would boost the U.S. economy, generate annual revenues of $5 billion, and create 20,000 jobs.

Notably, not only has Donald Trump been most vocal about cryptocurrency but has together with his sons ventured into this new asset class. With the President’s pro-crypto stance, Sytoshi’s proposal has a great likelihood of being given special attention compared to alternatives like a Kamala Harris-led government. If adopted, Kusama’s vision could catapult blockchain technology. Additionally, Shiba Inu would gain traction. 

Should Kusama’s proposal garner sufficient attention and be implemented, Shiba Inu would be in the limelight and as a ripple effect, propel SHIB to the highly coveted $0.0001 mark. From a mathematical perspective, this implies that SHIB would require a 413.87% rally from its current levels, pushing SHIB past its all-time high of $0.00008616. Additionally, at $0.0001, Shiba Inu’s market capitalization would soar to $58.92 billion.

With the $0.0001 target in hand, some experts and community members believe that the current bull run, combined with favorable market indicators could see Shiba Inu achieve this target sooner though it won’t be a walk in the park. 

The $0.0001 target has gained huge traction in the crypto community, especially the Shiba Inu community. While some believe that the aforementioned target will be attained within this bull run, SHIB’s trajectory remains unknown. This comes after a pundit from Forbes earlier on predicted that Shiba Inu could hit $0.0001 by the end of 2025 and potentially climb to $0.0003 within the same period. 

 Meanwhile, seasoned crypto analyst Eunice Wong suggests the target could be reached during the second phase of the 2024/2025 bull market. Conversely, crypto trading firm Changelly remains cautious, forecasting that SHIB will only achieve this level by 2027. Their outlook aligns with earlier predictions from July, which also emphasized a more gradual ascent for Shiba Inu.

The post Shytoshi Kusama’s Bold Economic Proposal: Can It Propel Shiba Inu to $0.0001? appeared first on ETHNews.