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Shiba Inu (SHIB) fans and investors have long pursued the “one-cent” dream. The asset’s price has to rally by around 82069.27% to hit the $0.01 target. While the gains needed to hit the $0.01 target may seem significantly large, it is not something that SHIB has not done in the past. SHIB’s price rallied by several million percentage points within its first year of launch. Despite having displayed incredible growth in the past, hitting the $0.01 mark may not be realistic. Let’s discuss why. Why Shiba Inu’s 1-Cent Dream May Not Become A Reality Source: Pixabay One major reason why SHIB may never hit $0.01 is its massive circulating supply. There are nearly 589 trillion SHIB coins in circulation right now. If the price of each coin hits $0.01, the project’s market cap will reach $5.89 trillion. This figure is larger than the GDP of most countries. It is highly unlikely that Shiba Inu’s market cap will hit the $5 trillion mark. The most signi...

Meme Index is transforming meme coin investing with an ETF-like approach to diversification. As the market bottoms, MEMEX offers a simple and strategic way to invest in multiple meme coins through its four upcoming index funds. With a transparent portfolio and community-driven governance, MEMEX stands out as a strong investment opportunity in today’s market conditions. Meme Coin Season Looms, MEMEX Set to Capitalize on Market Momentum Shift The meme coin market is navigating a critical moment as it attempts to establish a bottom, hovering around a $67 billion market cap. While this level appears to be a key support zone, the market is showing signs of curling back over, indicating uncertainty in the short term. The hourly charts are flashing red, signaling short-term declines, but the daily charts remain in the green, suggesting a potential recovery. However, meme coin season has not yet begun, and analysts anticipate that a full-fledged rally could push the meme coin market...

Investors in the United States are willing to follow AI advice when making financial decisions. A recent survey conducted by the Certified Financial Planner Board of Standards pointed out that 31% of investors were ready to follow what AI advises without cross-checking it. Specifically, the report’s findings noted, “1 in 3 investors report feeling comfortable implementing financial planning advice from a generative AI-powered tool without verifying it with another source.” The comfort level increased from 31% to 52% after AI prompts were verified by financial advisors. On both fronts, the trust that users had with respect to AI investment advice was greater than the advice received from social media. Source: CFP Board Also Read: Banks Raise Nvidia Target Upto $1100: AI Crypto, Mining Stocks Rally AI and Crypto The CFP Board’s survey and its results were pertinent to the broader investment spectrum. Nevertheless, when it comes to crypto as well, AI ...