The biggest problem with the Shiba Inu Project is its lack of practicality. And while SHIB might've been able to gain 1,993,575% in recent months, it still has a ways to go to catch Dogecoin - even if the anonymous creator intended it to be a "Dogecoin killer.". From that past September to early October, the cryptocurrency gained 320% and pushed its way into the top 20 best-performing cryptos. Read This. Does Shiba coin have a future? When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. Although the answer to the question Will Shiba Inu reach $1? or probably not, the possibility of the coin reaching 1 cent is much higher than 1 dollar or 50 cents. var ados = ados || {}; DoggyDAO, a decentralized autonomous organization, also shows potential. We will concede that this answer could change dramatically in the future. Shiba Inu's (SHIB) price prediction. Cost basis and return based on previous market day close. This could make Shiba Inu one of the leading cryptos to explode in 2023. This site uses Akismet to reduce spam. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. Some believe that the supply of SHIBs in circulation will decrease dramatically after the launch of the Level 2 Shibarium network, which will burn SHIBs for every transaction. Save my name, email, and website in this browser for the next time I comment. Released in 2020, Shiba Inu coins first grew in popularity. Given that the main target of the Shiba Army is to push the price of Shiba Inu to 1 cent. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. If the worst bear market of 2023 ends and the market hit a tipping point, the Shiba Inu could rise to $0.00005 by the end of the year. Therefore SHIB to reach 1 cent will require market more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies. Sun Token Price Prediction 2023, 2025 and 2030: Can SUN Reach $1? For instance, a statement by the Federal Reserve Chairman on easing the pace of rate hikes led to a 3% rise in Shibs price. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . I don't think so. Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. To make the world smarter, happier, and richer. Numerous Development Plans some of which have already been rolled out. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Still, this cryptocurrency may be days away from its biggest moment ever. Things can change very quickly in the crypto industry. Let's find out. Shiba Inus metaverse is being built by the team. Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. This solution, Shibarium, should strengthen this popular meme token and could boost its value. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. And it only gets worse for Shiba Token. Shiba Inus biggest catalyst yet may be days away. If more chips are burned, demand will increase as supply decreases. While the answer to will Shiba Inu reach 1 dollar is likely a No, the possibility of the coin reaching 1 cent is much higher than $1 dollar of 50 cents. And that's not just because of fading interest. Learn More. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) However, even a small token burn can affect the tokens price. /* load placement for account: Money Map Press, However, many cheaper cryptocurrencies exist on the market, like Shiba Inu and DogeCoin. 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. Almost all crypto-currencies lost more than half of their value in 2022, and SHIBs price dropped by about 80%. The real question is what are the 3-4 factors that could drive Shiba Inu towards 1 Cent, Here is why Dogecoin is better than Shiba Inu, To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. But it could reach 1 cent after a few years of symbolic burns and deflationary mechanics. We concede that this answer could change dramatically in the future. This was primarily due to the Dogecoin being particularly . Since it is an ERC-20 token, meaning it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. The Motley Fool has a disclosure policy. 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. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. is required to be around $5.5 trillion. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. 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%. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. FinanaceTeam.net is an enthusiastic platform that covers everything from the global finance sectors. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. 2 years from now, SHIB will reach 5 cents.that is my prediction. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. That means people have to put in way much more money, collectively, just to raise the price. Only 1,714 businesses across the globe that accept DOGE as a form of payment. Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information. Also, developing more utility for the Shiba Inu coin will help its value. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. Can Shiba Inu Reach $1? Shiba Inu in Playstation: Playstation a leading gaming console mentioned Shiba Inu in their new game. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. . So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Developers delayed the launch of Shibarium more than once last year. The Bollinger bands are forming a wide range in the price graph, signaling a consolidated zone for Shiba Inu. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. Also, only a few SHIB coins are in circulation, decreasing its overall usage and demand in the market. SHIB has risen more than 85,000,000% in a year and hit its all-time high on October 28, making it the most prominent example of a monumental bull run in crypto in recent years. By the end of 2021, it had an all-time high of $0.00008. Required fields are marked *. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. crypto that will reach 1 cent. It is financially illogical and mathematically impossible for the Shiba Inu coin to reach $1, so we cannot help but burn the token supply. What does the future hold for the Shiba Inu coin? Must Read How to do Fundamental Analysis On Crypto Projects. If you are a beginner or non-technical person and dont know, Do you want to make money with cryptocurrency in 2023? Coingate, Bugatti, and VISA are some of the companies Shiba Inu has partnered with to expand its reach. Even hitting $0.01 might be tricky for the crypto. So it is essential to research any cryptocurrency before you decide to invest in it. The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. 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. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. This does not mean that it is a certainty. Making the world smarter, happier, and richer. Keep yourself one click away from global finance's new update with FinanceTeam.net. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The winning cryptocurrencies likely will stand out from the crowd. The Shiba Inu coin received a lot of attention after that. Most crypto players offer the exact same things. 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. But will the gains last and help lift Shiba Inu to $0.01? Here are a few popular exchanges where you can purchase Shib: Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. Will Shiba Inu reach 1 Dollar?Is Shiba Inu Dead. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Shibarium: Will Shiba Inu Price rise by 60%? Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. When the Shiba Inu Metaverse lands become popular, the price of the Shiba Inu coin will rise to an all-time high. Or to contact Money Morning Customer Service, click here. Will Shiba Inu Coin Reach 50 Cents? Shiba Inu Price History. Latvian Parliament declares Russia a "country sponsoring terrorism". 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. Shiba Inu has a Big community and has broken big records in the crypto industry, including beating its rival Dogecoin. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Many of us are asking where the price will go over the coming years, and in many ways, it can go from where it is now to prices WAY beyond what any one has thought p. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. 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. So then, why did SHIB jump so drastically recently? Shiba Inu, or SHIB, is a decentralized cryptocurrency that is starting to gain mainstream attention due to its affiliation with the popular Dogecoin (DOGE). According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. Weve compiled a list, Introduction Do you want to build a rich, profitable crypto portfolio? 5 to 16. 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. While Dogecoin has a high chance of reaching $1 in the future, we can't say the same for Shiba Inu, at least not in its current state. The reason is Shiba Inu belongs to a controversial niche with no real use-case. Here's why. However, trading experts believe that all joke cryptos will die out and be replaced by more prominent cryptos in the market. Free Crypto Tax Calculator USA, UK, India, Canada, and more! Therefore, the answer to the question Can Shiba Inu reach 50 cents? is, unfortunately, no. Other similar ERC20 tokens include Binance Coin (BNB), Chainlink (LINK), Tron (TRX), USD Coin (USDC), and Tether (USDT). This growth can occur only if there is an active burn program. Unfortunately, this price seems too far as SHIB needs to gain extreme support from the community as it has no actual use cases or contribution to the crypto sphere. 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. The crypto is primarily a payment token running on Ethereum. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. 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. But I'm not convinced a potential gain would be lasting, and I don't recommend taking a huge position in a risky asset like Shiba Inu. 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. Shiba Inu Coin Price Analysis and Forecast 2022-2030 According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. If Shiba Inu aims to reach $0.5, it needs to execute an extreme burn of tokens and get to at least half of the current circulating supply, i.e., 275 trillion. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . The current forecast suggests it will take 25 years to reach this level. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. It may also reach 50 cents within the next 10 years. Development plans are critical to Shiba Inus growth. This is a Layer 2 solution that could solve some of Shiba Inu's problems. Invest better with The Motley Fool. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. Shiba Inu (SHIB 0.50%) may have helped create some millionaires in the past. People who bought Bitcoin at $1 had no idea it could rise to $69,000. With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network There is a significant possibility that Shiba Inu will hit 1 cent. Is Telcoin A Good Investment? In fact, it is still very unlikely, but it is theoretically possible. Fetch.ai Price Prediction 2023, 2025 and 2030, Will VeChain reach $1, $10? Required fields are marked *. Making the world smarter, happier, and richer. Here are the scenarios of how Shiba Inu could reach different milestones: The Shiba Inu team announced that Shibarium will be launched soon, details here. 29%. ados_add_placement(9794, 307044, "azk740606", 2629) 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. Will Shiba Inu reach 1 cent 2025? Most other cryptos have a fixed supply, which is the case with Bitcoin. When it comes to crypto-currencies, price unpredictability is always a major factor. Then the price of 1 coin will reach 1 cent. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. The only significant difference is that the creator built Shiba Inu on the Ethereum network. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. Since then, Shiba Inu has had trouble keeping those dreams alive. In 2015, Dogecoin was also worth $0.00008690. Investors were looking for the next big crypto star. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. Shiba Inu Market Capitalization. For context, global gross domestic product -- the value of all goods and services. Since then, many people have been wondering about its expected future prices especially since Ethereum founder Vitalik Buterin burned over 90% of his Shiba Inu holdings. Polkadot Price Prediction Today. Nowadays, cryptocurrency is a game of speculation. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. Shiba Inu Holder Transfers SHIB from Wallet to Exchanges: It is reported that Shiba Inu investor holding a huge number of SHIB token in Wallet 0xd6 has transferred around 182 billion shiba inu tokens to Crypto exchanges Gemini andCrypto.com. 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. We provide you with the latest breaking news and videos straight from the entertainment industry. It could even take years of sustained positive performance for that to happen. The popular meme token soared about 45,000,000% back in 2021. Your email address will not be published. Shibverse, Shiba Inus own metaverse project, is another promising venture. If SHIB drops below this support level, it can experience a sharp decline and trade below the price of $0.000009. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. But it wasnt until 2021 that it was worth a penny. The most critical of them is the widespread acceptance of Shib because of the wide variety of use cases. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. The Motley Fool has positions in and recommends Ethereum. So today, its uses are limited. First, let's talk about Shiba Inu's spectacular arrival on the scene not too long ago. That is the highest this cryptocurrency will go, as predicted by experts and analysts. Can Shiba can hit 1 cent is dependent on numerous factors that are works in progress. Keep this information in mind as you make investment decisions. The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. Market cap of Shiba Inu already has some advantages over Dogecoin money, collectively, just to raise price. 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