Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. Core DAO Mainnet Review: Is It the Future of Blockchain? But that doesn't mean Shiba Inu will even come close to replicating those gains. Adria Cimino has positions in Ethereum. The world doesnt even have enough money to push the price of SHIB to $1. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. is required to be around $5.5 trillion. However, due to the general decline of the crypto market, that hasnt come to pass. Also, developing more utility for the Shiba Inu coin will help its value. Having such a high market cap is impossible for Shiba Inu to reach now or in the future. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. The tweet has caused a lot of Shiba Inu (SHIB) enthusiasts to become excited. Developers delayed the launch of Shibarium more than once last year. Despite its impressive performance in the past couple of years, Shiba Inu is very unlikely to reach $1 or 50 cents because its circulating token supply is simply too large. 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. Required fields are marked *, Sign me up for the Money Morning newsletter. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Yes, it is possible for Shiba Inu (SHIB) to hit 1 cent. If SHIB drops below this support level, it can experience a sharp decline and trade below the price of $0.000009. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Why did the DOGE price only slightly rise? Similarly, the total trading volumes dropped more than . In fact, it offers a lot less in some cases. The current forecast suggests it will take 25 years to reach this level. Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. So far, more than 410 trillion SHIB tokens have been burned, most of them due to Vitalik Buterin. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Further, the regulatory environment should be favorable and not restrictive. 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. The answer to the question will Shiba Inu coin reach 50 cents or not is No. 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%. So, it is possible for Shiba Inu also to reach 1 cent. If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. The short answer is that nobody knows. Bitcoin has numerous real-world use cases. Adria Cimino has positions in Ethereum. 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. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. Unfortunately, that's impossible. We concede that this answer could change dramatically in the future. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. We provide you with the latest breaking news and videos straight from the entertainment industry. Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. *using 550 trillion SHIB in circulation as a base. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. Making the world smarter, happier, and richer. February 27, 2023 alexandra bonefas scott No Comments . However, since the crypto market is so volatile, nothing can be set in stone. Soloway's price projections have historically been accurate. That makes it something of a joke inside of a joke. Protected by copyright of the United States and international treaties. The market cap of Bitcoin which is above $20,000 is around $450 billion. 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. All of these developments will improve the functionality of Shiba Inu and may increase its price. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. Can Shiba Inu Reach $1? 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. But the real question is what is the best way to buy Shiba? Let's find out. In this article, we will explain why SHIB can never hit 50 Cents. Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. 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. The cryptocurrency market climbed past $3 trillion in 2021 as investors piled into this exciting newish market. Even 5 years is too long in crypto. then it can pump like a rocket, and it canbe a huge opportunity for the holders. The only significant difference was the creator built Shiba Inu on the Ethereum network. The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. The biggest risks are government regulation, poor execution of Shiba Inu plans, and general deterioration in the macroeconomy. No, we don't even expect 1 cent price for Shiba Inu in 2025. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. 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.". All rights reserved by Redhatmedia. Released in 2020, Shiba Inu coins first grew in popularity. 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. The more it is used for transactions, the higher the burn rate. Since it is an ERC-20 token, meaning it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. Read our disclaimer to learn more. But even if SHIB undergoes a drastic upward swing, can it reach $0.50? Making the world smarter, happier, and richer. Shiba Inu developers are about to launch Shibarium. Shib Price Prediction for 2022 At a $0.50 valuation, the total market cap of SHIB will be $274 Trillion, which is 14 times of US GDP, 3.5 times of World GDP, 274 times more than Bitcoin, 550 times more than Ethereum, 137 times more than Apple (AAPL), and 274 times more than Tesla (TSLA) market cap. *Average returns of all recommendations since inception. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. By doing a fundamentalanalysis, you can find the best crypto project. Things can change very quickly in the crypto industry. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. A combination of these factors, along with positive market conditions, can lead to Shiba Inu achieving its price target. When you go to various chat forums or see many Youtube videos about Shiba Inu coins, the most common question that people ask is, Will Shiba Inu coin reach 50 cents?, While many claim it will, the answer is quite the opposite. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. DisclaimerAll articles published on Coinmash are strictly for informational purposes only. The Motley Fool has a disclosure policy. Its time to do a fundamental analysis of that project. Therefore SHIB to reach 1 cent will require market more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies. 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. Even after investors burned billions of Shiba Inu tokens, its price didnt change much. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Highly Unlikely. But will the gains last and help lift Shiba Inu to $0.01? Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. And that doesn't weigh in Shiba Inu's favor. NEAR Protocol Price Prediction: Will NEAR reach $100? To reach 1 cent, Shiba Inu would need a market cap of $5.8 trillion. Instead, this is due to several features unique to the token. This is a big deal in enhancing the intrinsic value of Shiba Inu. Will Shiba Inu coin reach 50 Cents without burning Tokens? By 2026, the number 29 will be in effect. ALPINE ESPORTS SIGNS QANPLATFORM AS ITS OFFICIAL BLOCKCHAIN PARTNER TO SUPPORT FAN ENGAGEMENT, TEAM PERFORMANCE AND OPERATIONS, Metacade presale stage 5 selling out as strategic partnership with MEXC is confirmed, Institutional Pipe Investor With $2bn In Executed Financing Commitments Launches Digital Asset Investment Firm, Coinmash Acquires Augur Dispute Crowdsourcer Domain dispute.tools. size: 550x425 - 550 x 425 */ That means people have to put in way much more money, collectively, just to raise the price. If the Shiba Inu price increases by 30% annually it will take 25 years for Shiba Inu to reach 1 cent. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit. People who bought Bitcoin at $1 had no idea it could rise to $69,000. Read This. The goal of 50 cents may be possible if Shiba Inu gets immense support from the community and brings continuous developments and partnerships to the platform, including Metaverses, DEXs, etc., which will create a high demand for SHIB tokens in the market and hence its price will spark tremendous surges. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? The token was developed as an "experiment in decentralized spontaneous community building," according to its whitepaper. However, even a small token burn can affect the tokens price. Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. Shiba Inu really . The Shiba Inu coin received a lot of attention after that. Elizabeth II's eight grandchildren stand vigil guard around their grandmother's coffin. This amount of market cap is virtually impossible to reach. So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. 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. That's the massive token supply. According to The Sun, the currency has not. If you continue to use this site we will assume that you are happy with it. Shib could hit a penny probably a decade after if many variables go in its favor. Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. Shiba Inu Market Capitalization. This led to Shiba Inu price fall by nearly 7%. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. This is because its a meme coin with little market value. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. 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. 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. 29%. Rather than going with something popular, can you imagine a Shiba Inu becoming a dogecoin killer? 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. Shiba Inu is expected to reach 0 by Wallet Investor. Let me explain why. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? 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