$SHIB Shiba Inu (SHIB) fans are ambitious about pushing the coin price to the goal of 1 cent. However, a milestone for this popular Crypto Asset is the price level of $0.0003. Token burning has been an excellent way to reduce project supply, thereby increasing the price of each coin. Vitalik Buterin's large-scale token burning was a major reason for the rally of SHIB in 2021. Let's calculate how many coins need to be burned for Shiba Inu (SHIB) to reach $0.0003. How many coins need to be burned to make Shiba Inu reach $0.0003? Source: Watcher Guru Source: Watcher Guru Shiba Inu (SHIB) is currently trading at $0.0000097, with a supply of about 589 trillion and a market capitalization of about $5.7 billion. Circulating supply multiplied by price equals market capitalization. If the project's market capitalization remains unchanged, the price must reach $0.0003, and the project's supply must be about 19 trillion. This means the project needs to burn nearly 570 trillion coins. This is close to the 410 trillion coins that Buterin burned in 2021. While Buterin received half of the SHIB supply, allowing him to easily conduct large-scale burns, doing something similar today is nearly impossible. On the other hand, if the market capitalization of Shiba Inu increases, we may not need to burn 570 trillion coins to reach the target of $0.0003. Although theoretically burning a large number of coins could lead to a price rally, burning coins alone is not sufficient. According to Shiba Inu (SHIB)'s chief developer Shytoshi Kusama, the project needs mass adoption to push the price up. Vitalik Buterin's coin burn in 2021 was combined with high demand. Large-scale coin burning and high demand led to a significant surge in the price of Shiba Inu (SHIB). Also read: Will Shiba Inu crash? SHIB team responds to investor concerns Also read: Will Shiba Inu crash? SHIB team responds to investor worries Shiba Inu (SHIB) is working hard to attract more people into the SHIB ecosystem. The Shibarium network needs more development activity to drive adoption. More applications need to be built on the SHIB network to engage people with the project.