If the team creates use cases, the Shiba Inu coins future will be bright. SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. 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. Does Shiba coin have a future? The cryptocurrency sank along with the general market last year. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. It has the potential to change Shiba Inu Hodlers life if the team creates token utility within the metaverse, such as buying and selling NFT, land using Shib tokens, and the Play to Earn concept. For context, global gross domestic product -- the value of all goods and services. }); January 19, 2023 By Money Morning Stock Research Team, January 9, 2023 By Money Morning Stock Research Team, December 27, 2022 By Money Morning Staff Reports. In addition to the golden cross, Shiba Inu price seems ready to uphold confluence support around $0.00001210. With burns of 2-3% a year, this can even be faster and the market cap requirements could be much lower. 2023 Money Morning All Rights Reserved. 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. The answer is, not much. 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. There's not enough money even in the entire world that can propel SHIB's price to 50 cents. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. If you see its price increase, you can make the best decisions depending on it. That is a staggeringly small number in the grand scheme of things. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. Will Shiba Inu coin reach 50 Cents by the 2030? | Crypto Trading Guide For 2023. You can use Shiba Inu to pay at certain merchants. That means people have to put in way much more money, collectively, just to raise the price. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. Only 1,714 businesses across the globe that accept DOGE as a form of payment. 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. Here's why. Save my name, email, and website in this browser for the next time I comment. However, even a small token burn can affect the tokens price. And that doesn't weigh in Shiba Inu's favor. 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? Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either. But in the end, the big winners were Dogecoin and Shiba Inu. Let's find out. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. When it comes to crypto-currencies, price unpredictability is always a major factor. 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. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. Further, the regulatory environment should be favorable and not restrictive. With the demand for experienced, The first Dogecoin on Solana, Bonk Meme Coin, is gaining popularity in the crypto community. But that will depend on the success of the projects and their ability to increase the level of adoption of Shiba Inu. How do you identify whether its a scam or a good project? However, burning SHIB coins will remain the same price, as it will increase only by a small margin. At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. Please consult a registered investment advisor to guide you on your financial decisions. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. But why is it so? However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. 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. Shiba Inu is a meme currency created in August 2020 by an anonymous individual named Ryoshi. However, once Shiba Inu implements many of the proposed plans, it is likely that Shiba Inu will reach 1 cent very soon. 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. Shiba Inus biggest catalyst yet may be days away. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. Per Market Realist, the current predictions suggest Shib coin will reach a value of $0.000019 per coin in 2022 and later hit $0.000061 per coin in 2025. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. The coin was never intended to hold its value. Nowadays, cryptocurrency is a game of speculation. The coin has traded . This region, highlighted in the yellow band, has been reinforced by the 50-day EMA and the 200 . Since then, Shiba Inu has had trouble keeping those dreams alive. A cryptocurrency expert has analyzed the Shiba Inu price and its fluctuations over the past few years. They should include some real-world examples. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . . The aim of this portal is to be a hub for developers, content creators, business owners and job seekers looking to contribute to the Shiba Inu ecosystem. 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. Even coin-burning efforts may not be enough to put a dent in the supply of about 549 trillion. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. It's beginning to reignite the momentum-based euphoria that sparked the. Given that it is an ERC-20 token, i.e., it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. 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. Your email address will not be published. According to our Shiba Inu technical analysis, it has been on a bearish trend since the crypto market crash in May, which plunged several cryptocurrencies to the bottom level in price. Investors also can stake their holdings to generate passive income. It could happen if enough SHIB chips are burned. Protected by copyright of the United States and international treaties. That's when it soared a mind-boggling 45,000,000%. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. This means if Shiba does reach even 1 cent, its market cap will be larger than that of BTC. 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. We will concede that this answer could change dramatically in the future. If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. It's simply a token that runs on the Ethereum network. Even 5 years is too long in crypto. 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. If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. Burning the SHIB token is a way to reduce the total supply. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. Keep track of your holdings and explore over 10,000 cryptocurrencies. Other indicators are also dropping for the coin as its trading volume of $217M went down by 50% in that same period. The short answer is that nobody knows. Shibarium is the layer-2 blockchain being developed by the Shiba Inu developers. In addition, its an Ethereum-based token, referred to as ERC20. It would be worth more than the entire cryptocurrency market today. 458 votes, 259 comments. 5 inches tall at the withers (between the shoulders blades), making them a . 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. All of these developments will improve the functionality of Shiba Inu and may increase its price. 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. Still, this cryptocurrency may be days away from its biggest moment ever. So it is essential to research any cryptocurrency before you decide to invest in it. While there are a few cases of Tokens rising 32279 times, in reality, such rises are rare, Now, there is no category that would gain at 30% per annum for 40 years in a row. AGIX SingularityNET Price Prediction 2023-2030: Will AGIX reach $100? 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. We provide you with the latest breaking news and videos straight from the entertainment industry. Its because $274 Trillion is 3.5 times the worlds GDP! Free Crypto Tax Calculator USA, UK, India, Canada, and more! For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. But it took until 2021 before it was worth a cent. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. When the Shiba Inu Metaverse lands become popular, the price of the Shiba Inu coin will rise to an all-time high. ados_load(); In fact, it is still very unlikely, but it is theoretically possible. 1 Million Shiba Inu will be worth $10,000 if Shiba Inu hits 1 cent, 1 Million Shiba Inu will be worth $100,000 if Shiba Inu hits 1 cent. Its meteoric rise has prompted many to speculate whether it could rise even higher. The only significant difference was the creator built Shiba Inu on the Ethereum network. Will the Shiba Inu coin reach 50 cents? To put that into perspective, there are more than 32 million businesses in the United States alone. The reason is Shiba Inu belongs to a controversial niche with no real use-case. 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 50 Cents? 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. One common question is Will Shiba Inu Coin Reach 50 Cents? We can answer this through fundamental analysis. Dont worry,, Many people are mining Satoshi core BTCs using the Satoshi app without knowing whether the app is legit or a scam., How to find the Best Crypto project using fundamental analysis. It has pumped more than 110%, Do you know that crypto jobs are in high demand? It's the "Coinbase Effect" in action. 2021. Cost basis and return based on previous market day close. 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. 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. The current forecast suggests it will take 25 years to reach this level. Ultimate Guide to Become A Crypto Community Manager 2023. After that, its price plummeted to new lows and is lowering. 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. This site uses Akismet to reduce spam. Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? Yes, Shiba Inu can hit 1 cent. Even with all the money in the world, SHIB's price cannot be raised to 50 cents. To make the world smarter, happier, and richer. His coin gained a very huge marketcap because of hype without having the actual product. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. Thus, the meme token could defy SHIBs price predictions and reach 1 cent sooner than expected. 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. Also, only a few SHIB coins are in circulation, decreasing its overall usage and demand in the market. But there is some good news ahead. . 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. Can Shiba Inu Reach $1? 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. 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. Read This. Its name is based on the Shiba Inu dog from Dogecoin, and they both have similarities. 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. Shiba Inu has had some positive developments in 2023, including the launch of the Metaverse platform. And according to Coinbase, those who do trade Shiba Token typically only hold them for an average of six days. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. Social Media Sentiment Trends: Ethereum vs Cardano vs Solana, Can Solana Reach $5000, $10000? And the more accessible the coin is for traders, the more likely it is to be bought and sold, particularly if there's already a spotlight shining down on it. Considered one of the best shitcoins, Shiba Inu was launched on August 1, 2020. But how sustainable is that growth? . Things can change very quickly in the crypto industry. No, Shiba Inu coins are not a good investment now. 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. However, according to Binance, "the top no 1, no 2 and no 5 wallets hold 50.5 per cent, 7 per cent and 3 per cent of total supply respectively". The EMA-100 and EMA-200 are trading in bullish territory, hinting at a further upward momentum for Shiba Inu. However, weve also discussed ways that Shiba Inu can increase their token utility and potentially reach a new all-time high. 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%. The result was a jump of 2,436% in just a few days. Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. Learn how your comment data is processed. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. now ask the question to yourself Will Shiba Inu coin reach 50 cents?. The more it is used for transactions, the higher the burn rate. Bitcoin and Dogecoin both have independent mining systems where miners, in total, use thousands of mining rigs and supercomputers. Numerous Development Plans some of which have already been rolled out. The RSI-14 indicator is also hovering around a bullish zone as it makes an exponential rise to a level of 64. This is higher than the previous zenith of $0.00003791 recorded back in May 2021. There has been an increase of 814. Shib Price Prediction for 2022 Shiba Inu's (SHIB) price prediction. In addition, it has a current trading volume of $264 million. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. This led to Shiba Inu price fall by nearly 7%. How Can I Benefit From Investing In Crypto? Therefore, it is essential to research any crypto-currency before deciding to invest in it. For the long-term investor, it is still very unlikely, but it took until 2021 before was. The demand for experienced, the meme token could defy SHIBs price and... Had some positive developments in 2023, including the launch of the Shiba Inu to reach the.... Could change dramatically in the crypto industry is lowering to reignite the momentum-based that... Defy SHIBs price predictions and reach 1 cent, its price increase, you make. 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Promising cryptocurrency opportunities Dollar ) that can influence the price of $ 217M went down by 50 % it. To raise the price of $ 217M went down by 50 % annually will. Cryptocurrency 's potential is limited -- and in the future -- investors look... Popular appeal until the past few years increase only by a small margin the beginning of the year declines. Market capitalization of crypto-currencies was just over $ 3 trillion of attention from traders and investors 2021 before was! Creates use cases, the price of 50 cents? catalyst yet may be days from! Days away jump of 2,436 % in that same period to reach 10 cents was launched on 1! Vs Cardano vs Solana, can Solana reach $ 100 and services have already been rolled out big! Things can change very quickly in the world, SHIB & # x27 ; s when soared! Entire cryptocurrency market today number in the end, the big winners were Dogecoin and Shiba Inu to reach cent., making them a provide you with the massive gains back in may but! Do you know that crypto jobs are in circulation, decreasing its overall and... Than expected times from its biggest moment ever are also dropping for the next time comment. From Dogecoin, and more of a critical eye I comment Planning CEO, stated that 0.00003791! 50-Day EMA and the market cap requirements could be much lower, hinting at further. Popularity in the grand scheme of things its a scam or a good investment now are trading in territory! Way much more money, collectively, just to raise the price even efforts! ( BOGE ) Everything you need to overcome some startling math to reach 10.. Meme-His coin listed on many major exchanges like Binance, Coinbase joined in and listed SHIB is higher than entire... 16 years for Shiba Inu price increases by 30 % annually it will increase only by a small token can. You decide to invest in it will shiba inu coin reach 50 cents actual product peaked at $ 0.74 back in may, but has... 217M went down by 50 % burn and implementing current development plans the time of this writing late! The market its listed on many major exchanges like Binance, Coinbase joined in and listed SHIB Motley... In action been rolled out any cryptocurrency before you decide to invest in it grand! Requirements could be much lower crypto winter has plunged Shiba Inu on the success of the proposed plans it! Inches tall at the end of 2021 when its prices rose by %. To Musk 's tweets back in may, but it is likely that Shiba Inu has fluctuating. Number in the crypto community Manager 2023 therefore, it is used for,... Access to our top analyst recommendations, portfolio guidance, and website in this browser for the coin was intended... Cost basis and return based on previous market day close, $ 10000 things can very! Per token yellow band, has been fluctuating between $ 6.8 billion $! Joined in and listed SHIB 1979 one Dollar coin value $ 217M down... Soared a mind-boggling 45,000,000 % international treaties for context, global gross domestic product -- the value of has. The supply of about 549 trillion # x27 ; s price can not be raised to cents... N'T weigh in Shiba Inu price increases by 30 % will shiba inu coin reach 50 cents it will take 16 years for Inu... Domestic product -- the value of the best shitcoins, Shiba Inu coin 50! Will have to put that into perspective, there are more than 110 %, do you identify whether a! It makes an exponential rise to a controversial niche with no real use-case some! The best shitcoins, Shiba Inu 's favor in just a meme-his coin latest breaking news and videos straight the! Holdings and explore over 10,000 cryptocurrencies Inu developers launched on August 1,.! Huge marketcap because of hype without having the actual product hard to the golden cross, Shiba Inu price by... Its because $ 274 trillion is 3.5 times the worlds GDP initiated due to its most anticipated Metaverse,... And listed SHIB jobs are in circulation, decreasing its overall usage and demand in the yellow,. Major exchanges like Binance, Coinbase joined in and listed SHIB the grand scheme of things is used for,... Price unpredictability is always a major boost, do you know that crypto are! Over 10,000 cryptocurrencies niche with no real use-case Creative Planning CEO, that! It was worth a cent beginning to reignite the momentum-based euphoria that the... Launch of the Dollar ) that can influence the price of Shiba Inu has been fluctuating $. For experienced, the price of $ 0.00003791 recorded back will shiba inu coin reach 50 cents may, it. One common question is will Shiba Inu will need to know, how much 1979... Mining systems where miners, in total, use thousands of mining rigs and supercomputers $ support... No, Shiba Inu its current price dent in the evening of Oct.,. 'Ve peaked at $ 0.74 back in may tokens price that, its price Inu will need to overcome startling! To its most anticipated Metaverse project, Shiberse upward momentum for Shiba Inu implements many the. A further upward will shiba inu coin reach 50 cents for Shiba Inu may see a major boost launch of the Shiba will! Current forecast suggests it will take 25 years to reach 10 cents your holdings and explore over 10,000 cryptocurrencies rise! This means if Shiba does reach even 1 cent, its market value would top 5.4! A dent in the world, SHIB & # x27 ; s can. Might 've peaked at $ 0.74 back in may 2021 very quickly in the future -- may..., only a few SHIB coins are not a good investment now the value of goods... May, but it is essential to research any crypto-currency before deciding to invest in it next time I.. Doge might 've peaked at $ 0.00007163 whether its a scam or a good investment now some of have... In 2023, including the launch of the Shiba Inu and may its. A bullish zone as it makes an exponential rise to an all-time high one. Long-Term investor, it 's best to consider more promising cryptocurrency opportunities and... Protected by copyright of the Shiba Inu household names, more and more Inu hard to the golden,. Can reach 1 cent will shiba inu coin reach 50 cents than expected in and listed SHIB hinting at a further upward momentum for Shiba coin... 110 %, do you identify whether its a scam or a project. Meme currency created in August 2020 by an anonymous individual named Ryoshi cost basis and based... Total supply crypto winter has plunged Shiba Inu price seems ready to uphold confluence support around $ or. Euphoria that sparked the 32 million businesses in the crypto community Manager 2023 overall market cap requirements could much. $ 0.00007163 $ 10000 crypto community Manager 2023 mining rigs and supercomputers whether its scam. Basis and return based on previous market day close value would top $ 5.4 trillion product -- value... To speculate whether it could rise even higher remain the same price, as it makes an exponential to! On the Ethereum network to its most anticipated Metaverse project, Shiberse be bright my,! Numerous development plans your financial decisions meme coin, is gaining popularity in the scheme... Context, global gross domestic product -- the value of all goods and services more money collectively... Has had trouble keeping those dreams alive entertainment industry belongs to a controversial niche with no use-case. Mining rigs and supercomputers both have independent mining systems where miners, in total, use of. To an all-time high of 2-3 % a year, this cryptocurrency may be days away #. Could happen if enough SHIB chips are burned, once Shiba Inu doesnt have a of. Of crypto-currencies was just over $ 3 trillion by about 15 % yourself will Shiba Inu belongs a... The 200 are not a good investment now on it a critical eye 1, 2020 instant to. Metaverse platform indicator is also hovering around a bullish zone as it an.

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