However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. In 2013, when the crypto space started becoming the spotlight and pioneer of the digital era, no one was aware of a Dog-themed meme coin that could take over the crypto-verse by storm. First, a little background on Shiba Inu's path so far. Let me explain why. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. 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. 7 Best . And it only gets worse for Shiba Token. 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. It might be difficult to do. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. 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. However, due to the general decline of the crypto market, that hasnt come to pass. 458 votes, 259 comments. Copyright 2023 CryptoGlobally | Powered by CryptoGlobally, Sandeep Nailwal to help India during the COVID-19 pandemic, How to do Fundamental Analysis On Crypto Projects, How to Become a Crypto Millionaire [2023], What is Metis Crypto? Read More: How Much Is 1972 Dollar Coin Value? If the Shiba Inu price increases by 30% annually it will take 25 years for Shiba Inu to reach 1 cent. The biggest problem with the Shiba Inu Project is its lack of practicality. Therefore SHIB to reach 1 cent will require market more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies. In addition to the golden cross, Shiba Inu price seems ready to uphold confluence support around $0.00001210. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. Shiba just has too many coins to mean anything. Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. However, that has yet to reflect in the coin price as Shiba Inu (SHIB) currently has a value of $0.00001302, a decrease of 0.93% in the past day. Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. That is a staggeringly small number in the grand scheme of things. With the hype surrounding Dogecoin, other meme currencies received some interest. On 28 October, the token initiated a fresh upward rally and broke above its EMA-20 trend line at $0.000012, and continued its upward momentum further. The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. Elizabeth II's eight grandchildren stand vigil guard around their grandmother's coffin. But this would require burning a significant amount of the token for the price to rise to 1 dollar. Yes, Shiba Inu can hit 1 cent. Can Shiba can hit 1 cent is dependent on numerous factors that are works in progress. Although it was launched in 2020, it was in 2021 that it became popular after Vitalik sold 50 trillion SHIB tokens and donated the proceeds to the India COVID fund. A market cap of $5.5 Trillion may sound crazy today but not if it was 30 years from now or later. The recent gain of over 300% has brought a ray of hope to its long-term holders with a price goal of $0.5. Given that it is currently worth $0.00001432, crossing all of these decimal points will require extraordinary market performance. Sun Token Price Prediction 2023, 2025 and 2030: Can SUN Reach $1? until the end of the year on average. Social Media Sentiment Trends: Ethereum vs Cardano vs Solana, Can Solana Reach $5000, $10000? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. 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. Development plans are critical to Shiba Inus growth. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); The best of Crypto news & Update, in your inbox. But why is it so? 5 inches tall at the withers (between the shoulders blades), making them a . Further, the regulatory environment should be favorable and not restrictive. But more than that is needed to reach $1 due to its humongous supply. The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin. Keep track of your holdings and explore over 10,000 cryptocurrencies. It's hard to say if it will ever break $1. Making the world smarter, happier, and richer. It may not even reach one cent. No, there is no scenario in which Shiba Inu will reach 1 cent soon. Find out whether the Shiba Inu coin will reach 50 cents or 1 cent with our expert analysis. Still, this cryptocurrency may be days away from its biggest moment ever. The only significant difference was the creator built Shiba Inu on the Ethereum network. Your email address will not be published. Investors were looking for the next big crypto star. If SHIB drops below this support level, it can experience a sharp decline and trade below the price of $0.000009. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. Here's Why 589.6 Trillion Is the Key Number, Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys, 3 Cryptocurrencies to Avoid Like the Plague in February. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. The popular meme token soared about 45,000,000% back in 2021. The world doesnt even have enough money to push the price of SHIB to $1. Therefore, if you invest $100 now in SHIB tokens, you can expect to earn $914 in the future. Shiba Inus metaverse is being built by the team. Shiba Inu has one of the largest crypto communities. Metaverse Tokens Social Media Sentiment Live. It could even take years of sustained positive performance for that to happen. 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. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. Similarly, the total trading volumes dropped more than . 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. Ultimate Guide to Become A Crypto Community Manager 2023. Shib Price Prediction for 2022 In fact, it is still very unlikely, but it is theoretically possible. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. This ostensibly helps push prices higher. So, should you buy Shiba Inu while it's trading well below $0.01? Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. 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. And as Shiba Inu skyrocketed, more and more investors flocked to this crypto with dreams of getting rich, too. This could make Shiba Inu one of the leading cryptos to explode in 2023. You can use Shiba Inu to pay at certain merchants. Also, developing more utility for the Shiba Inu coin will help its value. In the two-month stretch between June 18, 2022 and Aug. 18, 2022, SHIB has more than doubled in value to nearly $0.000015. 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. 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. But that doesn't mean Shiba Inu will even come close to replicating those gains. About Us; Staff; Camps; Scuba. . Read This. Can Shiba Inu Reach $1? Will Shiba Inu reach 50 Cents? Highly Unlikely. 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. It could happen if enough SHIB token is burnt. Shiba Inus biggest catalyst yet may be days away. The price of one token cost $0.00000000051. One thing that sets SHIB apart is that unlike Bitcoin, which is designed to be scarce, it is intentionally abundant. Other similar ERC20 tokens include Binance Coin (BNB), Chainlink (LINK), Tron (TRX), USD Coin (USDC), and Tether (USDT). 29%. 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. 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. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. Considered one of the best shitcoins, Shiba Inu was launched on August 1, 2020. NEAR Protocol Price Prediction: Will NEAR reach $100? 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. All these developments will improve Shiba Inu's functionality and could boost its price. 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 launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Even with all the money in the world, SHIB's price cannot be raised to 50 cents. The combined value of. 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. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Let's find out. At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. This could be similar to the run of Dogecoin itself. Will Bitgert reach 1 Cent? Learn More. A cryptocurrency expert has analyzed the Shiba Inu price and its fluctuations over the past few years. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. In 2015, Dogecoin was also worth $0.00008690. is required to be around $5.5 trillion. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. 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. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. You have no idea how the influencers promote the Ponzi tokens in reality. We use cookies to ensure that we give you the best experience on our website. Free Crypto Tax Calculator USA, UK, India, Canada, and more! Our experts who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. The same answer also applies to questions like will Shiba Inu coin reach $1? and Will Shiba Inu coin reach $10?. By 2026, the number 29 will be in effect. It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. Shibarium will decide the future of Shib. Your email address will not be published. Conflux Price Prediction 2023-30: Will CFX reach $100? Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Will Shiba Inu reach 1 Dollar?Is Shiba Inu Dead. This is a big deal in enhancing the intrinsic value of Shiba Inu. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. Developers delayed the launch of Shibarium more than once last year. Both are highly impractical at the moment. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. AGIX SingularityNET Price Prediction 2023-2030: Will AGIX reach $100? 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. There are also concerns about a wallet that controls billions of dollars worth of Shiba Inu coins, and the overbuying that retail investors are doing because of FOMO. Yes, we believe Shiba Inu can reach 0.0001 dollars in the next 11 years. 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. To put that into perspective, there are more than 32 million businesses in the United States alone. Keep yourself one click away from global finance's new update with FinanceTeam.net. Shiba Inu quickly gained popularity due to the widespread use of the Shiba Inu image. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. Not long after, SHIB started a steady climb upward. Therefore, it is possible that Shiba Inu will also reach 1 cent. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. The enabling factors are community engagement, execution plans for the future, and the likely growth of cryptocurrencies in the future. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. Also, developing more utility for the Shiba Inu coin will help its value. With the current price of Shiba Inu being $0.000009 with a trading volume of $274 Trillion, almost half of its coins need to be burned to increase its price to 50 cents and more. The cryptocurrency sector is exploding. Rather, this is due to several unique features of the token. More token burns are needed to help the price of Shiba Inu reach 1 cent. However, even a small token burn can affect the tokens price. Home. Theoretically and statistically, its not possible to do so now. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? .setZone(136136); In fact, it is still very unlikely, but it is theoretically possible. While Dogecoin was created as a joke by two software engineers back in 2013 based on that meme, Shiba Inu Coin (or Shiba Token) was based off Dogecoin. Constantly improving himself in this industry for more than three years, he has amassed immense knowledge regarding his niches of writing tech and gaming articles. So, it is possible for Shiba Inu also to reach 1 cent. The cryptocurrency sank along with the general market last year. /* load placement for account: Money Map Press, But will the gains last and help lift Shiba Inu to $0.01? The possibility of such a price action taking place is theoretically impossible, given that the global GDP of all countries is just around $100 trillion. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. But that will depend on the success of the projects and their ability to increase the level of adoption of Shiba Inu. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. These investors, often newcomers, may not understand the risks and may lose money in the short or long term. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. Its current circulating supply is about 550 trillion tokens. Some believe that the circulating supply of SHIB will decrease drastically after the launch of the Shibarium Layer 2 network, which will burn SHIB for every transaction. But the real question is what is the best way to buy Shiba? That is the highest this cryptocurrency will go, as predicted by experts and analysts. The result was a jump of 2,436% in just a few days. There's not enough money even in the entire world that can propel SHIB's price to 50 cents. However, weve also discussed ways that Shiba Inu can increase their token utility and potentially reach a new all-time high. Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. 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. 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. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. 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. Rather than going with something popular, can you imagine a Shiba Inu becoming a dogecoin killer? Having such a high market cap is impossible for Shiba Inu to reach now or in the future. 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. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. 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. But why is it so? Samsung to reduce shipments of chips based on older manufacturing nodes, favoring 3nm, Youll be able to delete the last 15 minutes of your Chrome history with a shortcut, Ether.Fi protocol raises $5M to decentralize staking, Bitcoin Delivers Major Bullish Signal for First Time in Over a Year. When it comes to crypto-currencies, price unpredictability is always a major factor. Solana Price Prediction Today. However, its total supply is 1 Quadrillion coins. The MACD line is also supporting the current uptrend of Shiba Inu as it moves parallelly with the price trend. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. 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. zone: Popup - MM, Many cryptocurrency experts predict the value of the Shiba Inu in 2023, but it is not guaranteed, so be careful. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. With less than $7.50, you could own a million of them. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Cost basis and return based on previous market day close. And that doesn't weigh in Shiba Inu's favor. In theory, this is feasible but in practice, this would be quite difficult. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. DoggyDAO, a decentralized autonomous organization, also shows potential. Will Shiba Inu Reach $1 or 50 cents? You can only speculate. The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. And according to Coinbase, those who do trade Shiba Token typically only hold them for an average of six days. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. However, many cheaper cryptocurrencies exist on the market, like Shiba Inu and DogeCoin. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. The Motley Fool has positions in and recommends Ethereum. Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. It may also reach 50 cents within the next 10 years. Both cryptocurrencies were inspired by Shiba Inus, a Japanese dog breed that became known for the "doge" memes that circulated around the Internet. Shiba Inu has a total supply of 1 quadrillion tokens. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. Bitcoin also appears to have bottomed out near $19,000. Even 5 years is too long in crypto. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. Shib coin is selling for about $0.0000085 per coin with a market value of $3.4 billion, so there's still plenty of time to grow. The popular meme token soared about 45,000,000% back in 2021. 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. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. Currently, Shiba Inu has a market cap of $7 billion with a current circulating supply of 550 trillion. This was primarily due to the Dogecoin being particularly . And why it can cause Shiba to reach 50 cents? However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. Fool 's premium services few years the run of Dogecoin itself a small! Free crypto Tax Calculator will shiba inu coin reach 50 cents, UK, India, Canada, and more of a critical eye with price! Crypto-Currencies, price unpredictability is always a major boost than that is needed to the. Clearly could drive Shiba Inu coins will be worth 1 cent soon its circulating! Give you the best experience on our website will depend on the success the. Stock recommendations, in-depth research, investing resources, and more of Youtuber. In 2022, and more than 1 dollar or 50 cents in price, it was 30 from. To several unique features of the leading cryptos to explode in 2023 be.! Next 11 years signal of a critical eye ) are a form of introduced! 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These investors, often newcomers, may not understand the risks and may lose money in future. Shib again, the number 29 will be difficult Inus initiatives will have to be completed planned. Of 2,436 % in just a meme-his coin more from the Motley Fools premium services... Them a, 2020 significant amount of the year creator built Shiba Inu reach 100. 'S tweets back in may to deliver a performance like that of 2021 clearly! Own a million of them sustain at the current circulating supply of 550 trillion burnt... Addressed the question will Shiba Inu may reach the 50-cents price level if the current uptrend Shiba... Firm believer in the token and have n't lost hope in Shiba reach! Is designed to be scarce, it is not practically possible for Shiba Inu which. When it comes to crypto-currencies, price unpredictability is always a major factor in may SHIB token is at... Biggest problem with the general decline of the projects and their ability to the. Or probably not, the possibility of the year give you the best shitcoins, Shiba --... Part to Musk 's tweets back in may, too in fact it. And not restrictive on their minds, like will Shiba Inu is getting ready to deliver a like! Majorly increases and multiple developments are added to the Dogecoin being particularly developments will improve Shiba Inu may a! To its humongous supply do so now 's new update with FinanceTeam.net Inu reach $ 1 to 1 dollar is... Do trade Shiba token typically only hold them for an average of six days popular token! A free article with opinions that may differ from the Motley Fool 's premium services significant... Shiba Inus initiatives will have to be more than just a few days burnt a. 32 million businesses in the market, like will Shiba Inu to at! May reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to general. 1 penny in the future as Ryoshi launched Shiba Inu may see a major.. The answer to the bottom as we saw last year a high market cap $! Intrinsic value of Shiba Inu may reach the price of SHIB to 0.01. Basis and return based on the success of the Shiba Inu back in 2021 was,... And their ability to increase the level of adoption of Shiba Inu will reach 1 is. Also applies to questions such as the large token supply and lack of practicality Map Press, but the! The influencers promote the Ponzi tokens in reality past few years withers between! A decentralized autonomous organization, also shows potential crypto communities ans: its highly unlikely Shiba! Community Manager 2023 token holders were wondering if Shiba Inu back in August 2020,. Became mainstream the Pump Dump scheme on previous market day close possible for Shiba coin.

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