Can Shiba reach $1 cent in 2024?

Could you please elaborate on the potential for Shiba Inu to reach a value of $1 cent in the year 2024? Given the current market trends and the cryptocurrency's performance, is there a realistic chance for such a significant surge in its price? What factors might contribute to or hinder this possibility? Also, how would investors need to approach this potential opportunity, considering the volatile nature of the crypto market? Your insights would be greatly appreciated.