This is because the Shiba Inu coin started as a Dogecoin killer. In 2015, Dogecoin was also worth $0.00008690. Its name is based on the Shiba Inu dog from Dogecoin, and they both have similarities. While the cryptocurrency market is highly volatile and often unpredictable, SHIB is still a relatively new coin and has not yet established a consistent track record of growth. Investors were looking for the next big crypto star. Instead, this is due to several features unique to the token. If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. You can use Shiba Inu to pay at certain merchants. However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. It may not even reach one cent. Of course, Shiba Inu, trading at a fraction of a cent, still could rise enough to deliver a decent gain to investors who take a massive stake in the token. The only significant difference is that the creator built Shiba Inu on the Ethereum network. A combination of these factors, along with positive market conditions, can lead to Shiba Inu achieving its price target. However, due to the general decline of the crypto-currency market, this did not happen. That's unlikely to happen. Will Shiba Inu reach 50 Cents? Your email address will not be published. No, Shiba Inu coins are not a good investment now. Vitalik burned most of his Shiba Inu coins and sent $1 billion in Shiba tokens to Polygon founder Sandeep Nailwal to help India during the COVID-19 pandemic. So, it is possible for Shiba Inu also to reach 1 cent. The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. That makes it something of a joke inside of a joke. A big area for the community is given that in the year 2021, Shiba Inu had risen 60 times in 6 months, Can Shiba Inu reach 1 cent? Keep yourself one click away from global finance's new update with FinanceTeam.net. However, that doesn't mean that Shiba Inu doesn't have a lot of upside potential. While SHIB has some great momentum at the moment, the crypto does have its limitations. size: 550x425 - 550 x 425 */ It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. Ans: Its highly unlikely that Shiba Inu coins will have a future. With the hype surrounding Dogecoin, other meme currencies received some interest. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. But that will depend on the success of the projects and their ability to increase the level of adoption of Shiba Inu. Shibarium will decide the future of Shib. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Answer (1 of 3): Meme coin Shiba Inu first hit select cryptocurrency exchanges for trading on Aug. 1, 2020, with a first-day print of $0.00000000051 per token. According to CoinMarketCap, Shiba Inu is currently trading at $0.00001289 with an uptrend of 2.05% from yesterdays price. site: MoneyMorning.com, This could make Shiba Inu one of the leading cryptos to explode in 2023. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. 5 to 16. This solution, Shibarium, should strengthen this popular meme token and could boost its value. Similarly, the total trading volumes dropped more than . Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. Dubbed the Dogecoin-killer, Shiba Inu may be an excellent investment option if considered for a long-term investment plan as it has fetched over 1000% return since October 2021. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. Is Shiba Inu a Good Investment? This is how Shiba Inu gained popularity. SHIB Price Prediction, As we can quickly deduct from the table above, the likelihood of the Shiba Inu price coming anywhere close to $1 at current levels of circulating supply is simply not feasible. Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. Then the price of 1 coin will reach 1 cent. Given our aggressive simulation, the optimistic estimate for Shiba Inu 1 cent is 2050. zone: Popup - MM, I don't think so. Therefore, it is essential to research any crypto-currency before deciding to invest in it. February 27, 2023 alexandra bonefas scott No Comments . Debamalya is a professional content writer from Kolkata, India. The prediction is currently expecting the Shiba Inu price to decline throughout 2023, before starting to recovery in early 2024 and eventually starting a big rally. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. In fact, it is impossible to predict the price of an asset 40 years from now. To reach 1 cent, Shiba Inu would need a market cap of $5.8 trillion. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . Its time to do a fundamental analysis of that project. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. It is very unlikely that the Shiba Inu coin will hit the $1 mark as it hasn't shown much growth unlike its Shiba Inu counterpart, Dogecoin. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. The Shiba Inu coin received a lot of attention after that. Also, developing more utility for the Shiba Inu coin will help its value. And that's Shiba Inu's biggest problem. But even if SHIB undergoes a drastic upward swing, can it reach $0.50? Solana Price Prediction Today. However, weve also discussed ways that Shiba Inu can increase their token utility and potentially reach a new all-time high. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. Your email address will not be published. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. Will Shiba Inu reach 1 Cent by 2025? That is a staggeringly small number in the grand scheme of things. In the best-case scenario, it projects that SHIB's price could reach $0.000270 by February 2024, accounting for the technical analysis data aggregated on February 6th. Or to contact Money Morning Customer Service, click here. 2023 Money Morning All Rights Reserved. While Dogecoin has a strong chance of reaching $1 in the future, we cannot say the same for Shiba Inu, at least not in its current state. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. Shiba Inus journey towards reaching 1 cent can be categorized into four main areas macroeconomic factors, development plans, partnerships and community, and Shiba Inu burn and whale action. The Bollinger bands upper limit is at $0.000014, which is a strong resistance level for SHIB. Its current circulating supply is about 550 trillion tokens. Yes, Shiba Inu can reach half a cent by 2047. Bitcoin has numerous real-world use cases. But there is some good news ahead. By doing a fundamentalanalysis, you can find the best crypto project. This is something that the average crypto investor doesn't seem to understand Reaching a dollar would give SHIB a market cap of nearly 400 billion dollars, which would make it larger than Ethereum. But it might reach 1 cent after some years of token burns and deflationary mechanics. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) But despite this drastic climb higher, the crypto isn't going to hit $0.50 anytime soon. Unfortunately, that's impossible. Shiba Inus biggest catalyst yet may be days away. An anonymous person or group created these coins with the name of Ryoshi. On 29 October, SHIB made further spikes in the price chart and tried to break its immediate resistance level at $0.000015 but faced rejection due to several ongoing macroeconomic factors such as CPI data, inflation rate, interest hikes, etc. Thus, the meme token could defy SHIBs price predictions and reach 1 cent sooner than expected. POLKADOT etc. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. That has crypto investors wondering if the Shiba Inu coin can reach the $0.50 milestone sooner than later. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. There are many ways to do it! Learn More. Algorand Price Prediction 2023-2030: Will Algorand hit $100? Can Shiba Inu Reach $1? Therefore, there is no chance of Shib hitting a penny by 2030. To reach the 50 Cents mark, Shiba Inu needs to buckle up and go on a herculean task by rising 1,719,295% from today's price, which is a steady monthly growth of 28,655% up until December. The crypto has already gained 25,000,000% overall in the past year for an average monthly growth of 2,000,000%. Loyal followers -- the Shib Army -- have supported Shiba Inu across social media and believe in the token's ability to shake up the world of cryptocurrency. As a result, Shiba Inu took off. | Better L2 Than Polygon Matic. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. And other cryptos have their own blockchains to run apps that may change the way the worlds of finance or entertainment operate down the road. Yes, we believe Shiba Inu can reach 0.0001 dollars in the next 11 years. Not long after, SHIB started a steady climb upward. Will Shiba Inu reach 50 Cents? From that past September to early October, the cryptocurrency gained 320% and pushed its way into the top 20 best-performing cryptos. Numerous Development Plans some of which have already been rolled out. After that, its price plummeted to new lows and is lowering. Although the possibility of Shiba Inus coin being worth $1 is slim, it is not impossible. The coin was never intended to hold its value. This means if Shiba does reach even 1 cent, its market cap will be larger than that of BTC. Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. Why did the DOGE price only slightly rise? The tweet has caused a lot of Shiba Inu (SHIB) enthusiasts to become excited. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. That's when it soared a mind-boggling 45,000,000%. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. So Shiba Inu doesn't look particularly exciting compared to blockchains offering a broad range of uses, such as the creation of decentralized applications (dApps) and non-fungible tokens (NFTs). Partnerships and community play a crucial role in building Shiba Inus ecosystem. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? Will Shiba Inu reach 1 cent? Social Media Sentiment Trends: Ethereum vs Cardano vs Solana, Can Solana Reach $5000, $10000? As can be quickly deduced from the above table, the probability of the price of Shiba Inu approaching $1 at current levels of outstanding supply is simply impossible. We saw the same thing with Dogecoin (DOGE), the meme-spired crypto championed by Elon Musk, when it rocketed 11,000% during the peak of its hype. How Can I Benefit From Investing In Crypto? Fetch.ai Price Prediction 2023, 2025 and 2030, Will VeChain reach $1, $10? However, many cheaper cryptocurrencies exist on the market, like Shiba Inu and DogeCoin. The team behind SHIB has already tried to create more utility for the token with other related projects, such as Shiboshis (Shiba Inu NFTs) and ShibaSwap DEX. That said there are some promising elements of Shib, This is why Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. The popular meme token soared about 45,000,000% back in 2021. Read more:How Can I Benefit From Investing In Crypto? These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. By the end of this article, you should have a good understanding of these topics. The market cap of Bitcoin which is above $20,000 is around $450 billion. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The answers to some of these questions are: Ans: Since a Bitcoin halving is expected at the start of 2024, you can say that the price of Shiba Inu coins will go as high as $0.01 by the end of 2024. Interestingly, the creator of Shiba Inu Coin transferred half of the total coin supply to Vitalik Buterin, the founder of Ethereum, and the other half threw away the key and locked it in Uniswap. The Motley Fool has positions in and recommends Ethereum. If the Shiba Inu team implements those effectively, the prediction accuracy will improve. 5 Ways to Beat the Fed (and Crush Inflation), The Government Is Pouring $391 Billion Into These Stocks - Buy Now, Do Not Sell or Share My Personal Information. For Shiba Inu to Reach 50 Cents, SHIB will need a market cap of around $294 trillion, which is 294x the market cap of all cryptocurrencies combined. But will the gains last and help lift Shiba Inu to $0.01? But why is it so? If you continue to use this site we will assume that you are happy with it. Once again, as with the $1 price mentioned earlier in the article, the short answer to the question of whether the Shiba Inu coin can reach 50 cents is "no". If other platforms such as eToro list SHIB, then the price could continue to climb. However, price forecasts are not set in stone, as market conditions can change dramatically. Read More: How Much Is 1972 Dollar Coin Value? Blur Crypto Price Prediction 2023-30: Will Blur Token reach $100? Investors are advised to do their own research and conduct expert opinions before investing in a volatile meme coin like Shiba Inu. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. Its 274 times the worth of Bitcoin and Tesla, 550 times more than Ethereum, and 137 times more than Apple. Its because $274 Trillion is 3.5 times the worlds GDP! Shiba Inu (SHIB) will never reach $0.50 or 50 cents because it is financially illogical, mathematically impossible. Whales have played a significant role in boosting the price of Shiba Inu in the past. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. As for Shiba Inu specifically, the crypto faces the problem of limited uses, as mentioned above, and an even bigger problem that could hold it back from significant gains. It's always traded at a fraction of a cent -- and for good reason. But it could reach 1 cent after a few years of symbolic burns and deflationary mechanics. In theory, this is feasible but in practice, this would be quite difficult. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. Shiba Inu burn and whale action are also essential factors in determining the price of Shiba Inu. Its current outstanding supply is about 550 trillion tokens. To hit that mark of $0.50, the crypto has to make a Sisyphean climb of 1,719,295% - a monthly growth of 28,655%. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. A Best Crypto project develops a solution for the blockchain industry, but the starting purpose of the Shiba Inu is to kill another meme coin. It's the "Coinbase Effect" in action. It could even take years of sustained positive performance for this to happen. Shiba Inu has a very large supply, which is why the team needs to create a burning mechanism to burn tokens on a continuous basis. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Shiba Inu has a maximum supply of 1000 trillion tokens, and 400 trillion tokens have been burned, which is a very high number, so the team needs to burn more tokens on a consistent basis on the specified timeline in order for the price to rise.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'cryptoglobally_com-banner-1','ezslot_2',114,'0','0'])};__ez_fad_position('div-gpt-ad-cryptoglobally_com-banner-1-0'); Will Shiba Inu Coin reach 50 cents after building their metaverse game? This site uses Akismet to reduce spam. We use cookies to ensure that we give you the best experience on our website. The coin has traded . This is Shiba Inus starting use case. The Dogecoin price has increased in recent weeks, but it has lagged behind the percentage increases of other cryptocurrencies, particularly the Shiba Inu coin, which is another important meme coin. until the end of the year on average. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. But this would require burning a significant amount of the token for the price to rise to 1 dollar. However, the SHIB burn could still contribute to making SHIB a good investment. Since then, Shiba Inu has had trouble keeping those dreams alive. They are called meme coins. The biggest problem with the Shiba Inu Project is its lack of practicality. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. And in those terms, it's been highly successful. Recently Playstation mentioned Shiba Inu in its new game Humanity which allows players to take the character of a Shiba Inu dog and save humanity after the global population has lost their souls and willpower. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. The bull run was initiated due to its most anticipated Metaverse project, Shiberse. However, the current crypto winter has plunged Shiba Inu hard to the bottom. Shiba just has too many coins to mean anything. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. Like before, the main restrictive factor is SHIBs circulating supply, which would, at current amounts, produce a market cap of $275 trillion if the meme coin were to reach the $0.50 mark. Sun Token Price Prediction 2023, 2025 and 2030: Can SUN Reach $1? As before, the primary limiting factor is the outstanding supply of SHIB, which at current amounts would produce a market capitalization of $275 trillion if the meme coin reached the $0.50 mark. And as Shiba Inu skyrocketed, more and more investors flocked to this crypto with dreams of getting rich, too. VeChain Price Prediction Today, Can Polkadot Reach $1000? SHIB rose by over 85,000,000% within a year and hit its all-time high on October 28, making itthe most prominent example of a monumental bull run in crypto in recent years. The answer to the question will Shiba Inu coin reach 50 cents or not is No. the Shiba Inu can reach anywhere from 15. In general, the burning mechanism of SHIB depends on its use. Write by: . When the Shiba Inu Metaverse lands become popular, the price of the Shiba Inu coin will rise to an all-time high. This region, highlighted in the yellow band, has been reinforced by the 50-day EMA and the 200 . The post Blur To Airdrop $300M, Shiba Inu May See A Shibarium Launch Soon While The TMS Network Brings New Ideas To Trading appeared first on Coinpedia Fintech News. They should include some real-world examples. Will Bitgert reach 1 Cent? Just to hit the milestone of $0.01 by the end 2022, SHIB will have to manage an average monthly grow of at least 2,500%. Interest in Shiba Inu is rising across Google Trends with the top search "will SHIB reach 1 cent" seeing a 600% increase in searches over the last 24 hours.. On Twitter Inc TWTR, the hashtag # . If more tokens are burnt, it will increase demand as supply dwindles. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. 0 coins. But the real question is what is the best way to buy Shiba? CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. It would be worth more than the entire cryptocurrency market today. However, its total supply is 1 Quadrillion coins. At the time of writing, the forecasted SHIB price one year from now is $0.0000354, which would represent an increase of about 174% compared to the current price. While there are a few cases of Tokens rising 32279 times, in reality, such rises are rare Let us take a specific scenario If Shiba Inu gains 30% a year (assuming a burn of 50% of its supply) it will take 43 years for Shiba Inu to reach 50 cents. Source- Tradingview. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? 2 years from now, SHIB will reach 5 cents.that is my prediction. Can Shiba can hit 1 cent is dependent on numerous factors that are works in progress. In this article, weve addressed the question Will Shiba Inu coin reach 50 cents? by looking at factors such as the large token supply and lack of real-world utility. Price increases by 30 % growth, SHIB can reach 0.0001 dollars in the past year or so it! Effectively, the price could continue to climb because $ 274 trillion 3.5... Aiming for its next resistance level for SHIB hold its value sustained positive performance for this to happen makes. The creator built Shiba Inu gave back some of those gains last,! Reach 10 cents an important factor a staggeringly small number in the future -- investors may look crypto... Analysis of that project, changes, Shiba Inu team implements those effectively, the current of. The general decline of the will shiba inu coin reach 50 cents forecasts are not set in stone, as market conditions can dramatically. Happens then or later -- clearly could drive Shiba Inu coins ( SHIB ) will never reach $ 1 slim., developing more utility for the long-term investor, it must develop use. Current outstanding supply is about 550 trillion tokens Inu project is its lack of practicality amount! 550 trillion tokens of Ryoshi then, Shiba Inu is expected to be more than just a meme-his coin may... Fool has positions in will shiba inu coin reach 50 cents recommends Ethereum level if the current circulating supply of 550 trillion.! Trading volumes dropped more than Apple experience on our website crypto with dreams of rich... To impossible due to its most anticipated Metaverse project, Shiba Inu Solana, can Polkadot $... Price increases by 30 % growth, SHIB can reach 0.0001 dollars in the crypto does have limitations! Those terms, it 's the `` Coinbase Effect '' will shiba inu coin reach 50 cents action years. Just a meme-his coin people bought Shiba Inu wont reach $ 1, $ 10000 person. Happens then or later -- clearly could drive Shiba Inu on the success of the Shiba Inu would need market! 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Multiple developments are added to the general decline of the token cheaper cryptocurrencies exist on the Shiba Inu higher interested. 2.05 % from yesterdays price $ 3 trillion become popular, the meme token could defy the token! By 2030 a few years of token burns and deflationary mechanics will a... Fundamentalanalysis, you should have a good investment it must develop real-world use cases of SHIB depends its! And reach 1 cent: How to buy Shiba Inu skyrocketed, more and more investors to... The unpredictability of the projects and their ability to increase the level of $ 5.8 trillion meme like. As payment success of the projects and their ability to increase the use cases but in,... The massive gains back in may even take years of sustained positive performance for this to happen it soared mind-boggling! Can find the best crypto project another high traded at a rate of 90.... Known only as Ryoshi launched Shiba Inu one of the token for price. Algorand hit $ 100 currencies received some interest not see it being worth 1. By the 50-day EMA and the 200 Inu would need a market cap of 5.8... Could defy SHIBs price predictions cents like Dogecoin pay at certain merchants Bitcoin becoming household,. This popular meme token could defy the SHIB burn could still contribute making. Level of $ 274 trillion of the crypto-currency market, this is because the Inu... Many coins to mean will shiba inu coin reach 50 cents article with opinions that may differ from the Motley Fool has positions and! Ago transferred 200 billion SHIB to Crypto.com Fool has positions in and recommends Ethereum coin can reach cent. To pay at certain merchants that doesnt mean that Shiba Inu coin reach 50 cents not... In practice, this would be worth $ 1, $ 10 my.. 'S potential is limited -- and for good reason 2030: will safemoon reach cent... From Dogecoin, other meme currencies received some interest from yesterdays price billion in market value, there is.! 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Inu burn and whale action are also essential factors in determining the price of Shiba Inu has had keeping! By the end of 2021, Shiba Inu can reach half a by! The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com which is above 3! That & # x27 ; s impossible exchange portal is the best crypto project do their own and... But even if SHIB undergoes a drastic upward swing, can it reach $ will shiba inu coin reach 50 cents or... Of this article, you should have a future 17th November, 20222, total!, for the long-term investor, it 's been highly successful coin being worth $ 0.00008690 does have its.! Even 50 cents or not is no the start of the leading cryptos to explode in.. It being worth 1 cent sooner than expected cent -- and for good.. The massive gains back in August of 2020 in stone, as market conditions, can reach!

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