Why is SHIB worth so little?

I've noticed that the price of SHIB, or Shiba Inu, remains relatively low compared to other cryptocurrencies. Could you explain the reasons behind this? I'm curious as to whether its market capitalization, supply and demand factors, or perhaps the competition from other similar tokens are influencing its value. Also, do you think there's potential for SHIB to increase in value in the future, given its current status and the overall crypto market trends? It seems to have a strong community backing, but I'm still wondering about its long-term viability.