David Gokhshtein, the founder of Gokhshtein Media and a former US Congressional Candidate, firmly believes that the Shiba Inu (SHIB) cryptocurrency will not achieve a price of $0.01. As a testament to his belief, Gokhshtein pledged to remove his account on X (previously known as Twitter) if SHIB ever reaches this value. He conveyed this declaration in a recent tweet.
In another tweet, Gokhshtein suggested that the highest value SHIB might attain is $0.001. He pointed out two significant obstacles preventing SHIB from hitting $0.01: the cryptocurrency’s circulating supply and its contract.
According to Gokhshtein, if SHIB were to reach $0.01, its market valuation could surpass that of the entire United States.
Related article: Shiba Inu’s Shibarium Launch Faces Challenges, Yet $0.01 Target Remains
Gokhshtein Stance Changes
It’s worth mentioning that Gokhshtein has been actively advocating for SHIB to reach the $0.01 mark. In a tweet dated August 2022, Gokhshtein made a request to SHIB, expressing his desire for the cryptocurrency to experience a substantial surge and reach the value of 1 cent.
He additionally committed to selling off his SHIB holdings once the asset achieves this significant milestone. However, due to the considerable decline in the value of the cryptocurrency in recent times, Gokhshtein has adjusted his expectations accordingly.
Back in January, Gokhshtein had made a statement indicating that he would deactivate his X account if SHIB managed to surge to $0.01. Fast forward a few months, Gokhshtein’s current perspective is that SHIB’s chances of reaching the 1-cent mark are quite slim.
Despite harboring uncertainties about SHIB’s ability to attain the $0.01 threshold, Gokhshtein remains a staunch supporter of the Shiba Inu project. This commitment led him to label himself as the informal leader of the Shiba Inu community last year.
Will SHIB Hit $0.01?
However, even with its current low value, a number of holders remain optimistic about SHIB’s potential to attain a value of one cent. As of the current moment, SHIB is being traded at $0.00000847, reflecting a 0.26% decrease. To achieve the $0.01 milestone, the token would need to undergo a remarkable surge of 117,963% from its present value.
Considering its circulating supply of 589.33 trillion, should SHIB ultimately reach the $0.01 mark, its market capitalization would ascend to approximately $5.9 trillion.
Related also: Significant Shiba Inu Whale Moves 4.65 Trillion Tokens Following Day of Accumulation
