Weve compiled a list, Introduction Do you want to build a rich, profitable crypto portfolio? 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? Whales have played a significant role in boosting the price of Shiba Inu in the past. However, since its future (and the future of cryptos) is uncertain, nothing I say should be set in stone. The MACD line is also supporting the current uptrend of Shiba Inu as it moves parallelly with the price trend. Therefore, there is no chance of Shib hitting a penny by 2030. 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. Shiba just has too many coins to mean anything. Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. 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. 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". Can Fetch.ai reach $10, $100? So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. Read our disclaimer to learn more. And having a large quantity in circulation with a short average holding period doesn't help either. Learn More. 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. 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. By Money Morning Staff Reports, Money Morning October 13, 2021. Currently, Shiba Inu has a market cap of $7 billion with a current circulating supply of 550 trillion. Numerous Development Plans some of which have already been rolled out. Here are a few popular exchanges where you can purchase Shib: Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin. And that doesn't weigh in Shiba Inu's favor. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. The price of SHIB will always be at most 10 cents. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. First, a little background on Shiba Inu's path so far. 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. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu over the past seven days, and as meme coins, both tokens have had similar price performances. Also, developing more utility for the Shiba Inu coin will help its value. 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. Core DAO Mainnet Review: Is It the Future of Blockchain? The Shiba Inu Metaverse is being created, which is fantastic. Rather, this is due to several unique features of the token. Ultimate Guide to Become A Crypto Community Manager 2023. Its current outstanding supply is about 550 trillion tokens. This amount of market cap is virtually impossible to reach. For instance, a statement by the Federal Reserve Chairman on easing the pace of rate hikes led to a 3% rise in Shibs price. .setZone(136136); Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. until the end of the year on average. Both are highly impractical at the moment. And according to Coinbase, those who do trade Shiba Token typically only hold them for an average of six days. However, trading experts believe that all joke cryptos will die out and be replaced by more prominent cryptos in the market. Could Shiba Inu Help You Become a Millionaire? Considered one of the best shitcoins, Shiba Inu was launched on August 1, 2020. Who knows when Bitcoin was $1, it could go to $69,000. 5 to 16. If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. But why is it so? But even if SHIB undergoes a drastic upward swing, can it reach $0.50? The recent gain of over 300% has brought a ray of hope to its long-term holders with a price goal of $0.5. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. Write by: . There is a 0.977 correlation between the price of Dogecoin and Shiba Inu in the last seven days, and as meme coins, both tokens have had similar price performances. Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. Compared to DOGE, which has 131 billion in supply for a market cap of $30 billion, it's clear that if there were less SHIB around for the current demand, the value could rise. Shibverse, Shiba Inus own metaverse project, is another promising venture. Cryptocurrency is a speculative game in which nothing can be predicted with certainty. then it can pump like a rocket, and it canbe a huge opportunity for the holders. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. 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. After reaching its all-time high in October of 2021, the token went through an intense bearish phase that has brought the SHIB price 87% below its all time highs. Shiba Inu (SHIB -0.54%) may have helped create some millionaires in the past. In fact, it offers a lot less in some cases. Shiba Inus metaverse is being built by the team. His coin gained a very huge marketcap because of hype without having the actual product. 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. This was a reach even in the bull market, and is extremely unlikely now. Shib could hit a penny probably a decade after if many variables go in its favor. 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. That would be a near 620% increase from where the Shib coin is . The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. size: 550x425 - 550 x 425 */ The enabling factors are community engagement, execution plans for the future, and the likely growth of cryptocurrencies in the future. Shiba Inu developers are about to launch Shibarium. Unlike Bitcoin, which some companies offer as payment in place of a traditional salary, or Ethereum, which can be used to buy real estate on website like Propy, DOGE and SHIB lack any real-world utility. Most other cryptos have a fixed supply, which is the case with Bitcoin. The 2022 decline is not the reason why the Shiba Inu coin will probably not reach $1. The popular meme token soared about 45,000,000% back in 2021. Since then, Shiba Inu has had trouble keeping those dreams alive. The reason is Shiba Inu belongs to a controversial niche with no real use-case. At 1 Cent, Shiba Inus market cap would be $5.6 Trillion. Social Media Sentiment Trends: Ethereum vs Cardano vs Solana, Can Solana Reach $5000, $10000? Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. So far, more than 410 trillion SHIB tokens have been burned, most of them due to Vitalik Buterin. Must Read How to do Fundamental Analysis On Crypto Projects. But its always advised to practice caution while you are doing so. Shib Price Prediction for 2022 This is how Shiba Inu gained popularity. Learn how your comment data is processed. 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. 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 that will depend on the success of the projects and their ability to increase the level of adoption of Shiba Inu. In fact, it is still very unlikely, but it is theoretically possible. Adria Cimino has positions in Ethereum. However, once Shiba Inu implements many of the proposed plans, it is likely that Shiba Inu will reach 1 cent very soon. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. Latvian Parliament declares Russia a "country sponsoring terrorism". All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? The coin has traded . Theoretically and statistically, its not possible to do so now. It's simply a token that runs on the Ethereum network. This is a huge difference from its 2021 lows of $0.00000516 and . | Crypto Trading Guide For 2023. Not long after, SHIB started a steady climb upward. Another point against SHIB reaching $1 is its supply inflation according to our data, the supply of Shiba Inu increased nearly 8% year-over-year, which makes the prospects of SHIB hitting a $1 milestone all the more unlikely. In 2015, Dogecoin was also worth $0.00008690. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. However, the forecast accuracy is likely to be low to moderate. The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. 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. However, many cheaper cryptocurrencies exist on the market, like Shiba Inu and DogeCoin. In theory, if Shiba Inu ever exploded in value, this could become a fortune. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. Shiba Inu isn't a blockchain. As a result, Shiba Inu took off. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. Therefore SHIB to reach 1 cent will require market more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies. Released in 2020, Shiba Inu coins first grew in popularity. *Average returns of all recommendations since inception. 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. . Learn More. site: MoneyMorning.com, But it could reach 1 cent after a few years of symbolic burns and deflationary mechanics. Here's why. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. But this would require burning a significant amount of the token for the price to rise to 1 dollar. Let me explain why. Therefore, many investors are interested to learn whether will Shiba Inu coin reach 50 cents or not. Even after investors burned billions of Shiba Inu tokens, its price didnt change much. Development plans are critical to Shiba Inus growth. Will Shiba Inu Coin Reach 50 Cents? Investors were looking for the next big crypto star. 2023 CryptoGlobally, The Core Dao Mainnet is now live and available for use, marking a significant milestone in the development of blockchain technology., Do you want to use the Free Crypto Tax Calculator, the best crypto tax software for various countries including the United, Explore the exciting world of cryptocurrency and earn a competitive salary as a Crypto Community Manager. He loves spending time with his cats, along with playing every new PC action game as soon as possible. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. Its meteoric rise has prompted many to speculate whether it could rise even higher. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Shiba Inu is up over 300% in less than a month. Shiba Inu is a meme currency created in August 2020 by an anonymous individual named Ryoshi. If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. 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. For context, global gross domestic product -- the value of all goods and services. Its name is based on the Shiba Inu dog from Dogecoin, and they both have similarities. 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? Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. Shiba Inu has one of the largest crypto communities. But a post on social media by Shiba Inu's lead developer prompted Shiba Inu watchers to speculate about a launch as early as next week. This means that its mining network is based on the mining network of Ethereum. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. Investors also can stake their holdings to generate passive income. Shibarium: Will Shiba Inu Price rise by 60%? We also can see that we will get Shiba Inu at a cheaper rate than what is now. Please consult a registered investment advisor to guide you on your financial decisions. The winning cryptocurrencies likely will stand out from the crowd. 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. 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. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . Adria Cimino has positions in Ethereum. What is Bonk Meme Coin? Save my name, email, and website in this browser for the next time I comment. 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. But will the gains last and help lift Shiba Inu to $0.01? Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. 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. Both cryptocurrencies were inspired by Shiba Inus, a Japanese dog breed that became known for the "doge" memes that circulated around the Internet. However, Bitcoin has strong fundamentals. However, burning SHIB coins will remain the same price, as it will increase only by a small margin. This is a Layer 2 solution that could solve some of Shiba Inu's problems. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. Things can be line people will pay less or even no attention to meme typed coins in 2025. The current price of SHIB (November 2022). Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. The current forecast suggests it will take 25 years to reach this level. With the hype around Dogecoin, other meme coins enjoyed some interest. But there is some good news ahead. 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. It's always traded at a fraction of a cent -- and for good reason. Nowadays, cryptocurrency is a game of speculation. Making the world smarter, happier, and richer. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? is required to be around $5.5 trillion. If more tokens are burnt, it will increase demand as supply dwindles. The Motley Fool has a disclosure policy. Will Shiba Inu reach 50 Cents? How Much Money Do You Need To Start Investing? This is higher than the previous zenith of $0.00003791 recorded back in May 2021. Further, the regulatory environment should be favorable and not restrictive. 0 coins. Conflux Price Prediction 2023-30: Will CFX reach $100? Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Can Shiba Inu Reach $1? You can use Shiba Inu to pay at certain merchants. It could happen if enough SHIB token is burnt. From that past September to early October, the cryptocurrency gained 320% and pushed its way into the top 20 best-performing cryptos. And in those terms, it's been highly successful. Shiba Inu coin is not a Scam. 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. The Motley Fool has positions in and recommends Ethereum. And that's not just because of fading interest. Home. DoggyDAO, a decentralized autonomous organization, also shows potential. Source- Tradingview. Even 5 years is too long in crypto. For $1, you could buy more than 135,000 Shiba Inu tokens. 2 years from now, SHIB will reach 5 cents.that is my prediction. Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. Shibarium would change all of that, with operations moving on to this separate network. VeChain Price Prediction Today, Can Polkadot Reach $1000? The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. 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. Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? Your email address will not be published. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. And that's Shiba Inu's biggest problem. Let's find out. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. Shiba Inu, or SHIB, is a decentralized cryptocurrency that is starting to gain mainstream attention due to its affiliation with the popular Dogecoin (DOGE). If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. In fact, it isn't even likely to reach that milestone over the next five years. All of this means Shiba Inu doesn't stand out from the competition. To reach 1 cent, Shiba Inu would need a market cap of $5.8 trillion. Many people think of Shiba Inu as an alternative to Dogecoin. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. The answer to Will Shiba Inu reach 50 cents? is no because it does not have an independent mining system. ados_load(); The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. Required fields are marked *, Sign me up for the Money Morning newsletter. The Shiba Inu coin received a lot of attention after that. Although 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. 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. But it took until 2021 before it was worth a cent. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. The tweet has caused a lot of Shiba Inu (SHIB) enthusiasts to become excited. There has been an increase of 814. Keep yourself one click away from global finance's new update with FinanceTeam.net. 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. It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. In fact, it is still very unlikely, but it is theoretically possible. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. The Motley Fool has a disclosure policy. Until it does have more real-world applications and is more widely accepted as payment, I don't see the crypto surging much higher. The market cap of Bitcoin which is above $20,000 is around $450 billion. This led to Shiba Inu price fall by nearly 7%. Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? 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. Shib burn can help boost the tokens price. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. 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). This is why many investors call SHIB a meme coin. Investors buy this coin and resell them in the market when the price rises. So, should you buy Shiba Inu while it's trading well below $0.01? Stacks Price Prediction 2023: Will STX reach $100? The crypto is on the rise this year, with a gain of 64% so far. The price of one token cost $0.00000000051. But why is it so? 29%. now ask the question to yourself Will Shiba Inu coin reach 50 cents?. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. 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. They should include some real-world examples. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. Even coin-burning efforts may not be enough to put a dent in the supply of about 549 trillion. Will Shiba Inu coin reach 50 Cents without burning Tokens? And it only gets worse for Shiba Token. We will concede that this answer could change dramatically in the future. Shiba Inu supporters even claim it is a Dogecoin killer. Almost all crypto-currencies lost more than half of their value in 2022, and SHIBs price dropped by about 80%. The journey towards reaching 1 cent for Shiba Inu involves multiple factors, and progress in any of these areas can contribute to the tokens price increase. Back in May 2021, the crypto-trading juggernaut Binance listed SHIB and Elon Musk tweeted about DOGE. The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. The same answer also applies to questions like will Shiba Inu coin reach $1? and Will Shiba Inu coin reach $10?. Shiba Inu gave back some of. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Of best cryptocurrencies to Invest in 2023 speculate whether it could rise even higher October, the juggernaut. ) is uncertain, nothing I say should be set in stone passive income short is... 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