But it could reach 1 cent after a few years of symbolic burns and deflationary mechanics. And that doesn't weigh in Shiba Inu's favor. In fact, it isn't even likely to reach that milestone over the next five years. However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. It's always traded at a fraction of a cent -- and for good reason. So, should you buy Shiba Inu while it's trading well below $0.01? 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. Highly Unlikely. 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. Shibarium is the layer-2 blockchain being developed by the Shiba Inu developers. Will Shiba Inu reach 1 cent? According to CoinMarketCap, Shiba Inu is currently trading at $0.00001289 with an uptrend of 2.05% from yesterdays price. Other similar ERC20 tokens include Binance Coin (BNB), Chainlink (LINK), Tron (TRX), USD Coin (USDC), and Tether (USDT). For context, global gross domestic product -- the value of all goods and services. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. *using 550 trillion SHIB in circulation as a base. Investors were looking for the next big crypto star. Shiba Inu has had some positive developments in 2023, including the launch of the Metaverse platform. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. Rather, this is due to several unique features of the token. The Dogecoin price has increased in recent weeks, but it has lagged behind the percentage increases of other cryptocurrencies, particularly the Shiba Inu coin, which is another important meme coin. The result was a jump of 2,436% in just a few days. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. At the time of writing, Shiba Inu's SHIB coin is trading at $0.00003982. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. This amount of market cap is virtually impossible to reach. They were given a large sum of money as sponsorship to promote the pump and dump coins. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. This series of lower highs within the triangle pattern indicates a gradual weakening of bullish momentum. 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. 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. Adria Cimino has positions in Ethereum. Cost basis and return based on previous market day close. Shibarium would change all of that, with operations moving on to this separate network. Many people think of Shiba Inu as an alternative to Dogecoin. 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. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. The Motley Fool has a disclosure policy. But that doesn't mean Shiba Inu will even come close to replicating those gains. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Read More: How Much Is 1972 Dollar Coin Value? The coin was never intended to hold its value. SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. 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. While SHIB has some great momentum at the moment, the crypto does have its limitations. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. Shibarium Portal Launched: Shiba Inus developers have launched the Shibarium portal. Shib could hit a penny probably a decade after if many variables go in its favor. Many cryptocurrency experts predict the value of the Shiba Inu in 2023, but it is not guaranteed, so be careful. Shiba Inus journey towards reaching 1 cent can be categorized into four main areas macroeconomic factors, development plans, partnerships and community, and Shiba Inu burn and whale action. The world doesnt even have enough money to push the price of SHIB to $1. It is believed that in 2025, the lowest price of SHIB will drop to $0.000008 and the highest price could reach $0.0001. For $1, you could buy more than 135,000 Shiba Inu tokens. Stacks Price Prediction 2023: Will STX reach $100? For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. with regard to the token burning mechanism, but first, it must reach 1 cent. All these developments will improve Shiba Inu's functionality and could boost its price. Can Fetch.ai reach $10, $100? This growth can occur only if there is an active burn program. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. But this would require burning a significant amount of the token for the price to rise to 1 dollar. Elizabeth II's eight grandchildren stand vigil guard around their grandmother's coffin. 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. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. Development plans are critical to Shiba Inus growth. 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. Shiba Inu is a meme coin at the moment. In fact, it is still very unlikely, but it is theoretically possible. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. First, let's talk about Shiba Inu's spectacular arrival on the scene not too long ago. Read Here, Before we do the simulation, here are some facts. Who knew TerraLuna UST could crash, losing over $30 billion in market cap in just 7 days? 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. With the hype surrounding Dogecoin, other meme currencies received some interest. 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. Shiba Eternity, a collectible card strategy game that enables players to earn rewards, is rated quite well on Apple and Google Stores.. Shibarium, a Layer-2 blockchain is likely to be launched anytime now. Released in 2020, Shiba Inu coins first grew in popularity. Can Shiba Inu Reach $1? Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. More token burns are needed to help the price of Shiba Inu reach 1 cent. And other cryptos have their own blockchains to run apps that may change the way the worlds of finance or entertainment operate down the road. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? You have no idea how the influencers promote the Ponzi tokens in reality. 2023 Money Morning All Rights Reserved. Why is this such a big deal? Yes, Shiba Inu can hit 1 cent. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. 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. The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. The crypto has already gained 25,000,000% overall in the past year for an average monthly growth of 2,000,000%. Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. So, it is possible for Shiba Inu also to reach 1 cent. That's because much of its rise is spurred on by hype. crypto that will reach 1 cent. All of this means Shiba Inu doesn't stand out from the competition. 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. 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%. AGIX SingularityNET Price Prediction 2023-2030: Will AGIX reach $100? All of these developments will improve the functionality of Shiba Inu and may increase its price. SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. If you are a beginner or non-technical person and dont know, Do you want to make money with cryptocurrency in 2023? Some, like Ethereum, even burn their supply over time. The market cap of Bitcoin which is above $20,000 is around $450 billion. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. They are constantly creating more and more SHIB, so the supply is always rising. The price of SHIB will always be at most 10 cents. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. We use cookies to ensure that we give you the best experience on our website. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. 2021. However, the forecast accuracy is likely to be low to moderate. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. Shiba Inu quickly gained popularity due to the widespread use of the Shiba Inu image. Save my name, email, and website in this browser for the next time I comment. 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. POLKADOT etc. From that past September to early October, the cryptocurrency gained 320% and pushed its way into the top 20 best-performing cryptos. Since it is an ERC-20 token, meaning it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. The winning cryptocurrencies likely will stand out from the crowd. Core DAO Mainnet Review: Is It the Future of Blockchain? 458 votes, 259 comments. The biggest problem with the Shiba Inu Project is its lack of practicality. Your email address will not be published. It was created as a joke and meant to be traded for fun. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. Investors are expecting the SHIB price to touch $0.5 sooner or later. Required fields are marked *. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. So today, its uses are limited. However, a constant burn of SHIB tokens may bring bearish woes for its holders and create quick and intense selling pressure in the price chart. That's unlikely to happen. 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.". Regarding the total number of SHIB coins circulating the market, 590 Trillion SHIB coins exist. Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. Shiba Inus metaverse is being built by the team. Shiba Inu isn't a blockchain. Is Telcoin A Good Investment? The forecast accuracy remains moderate to low as there are numerous dependent factors like Government regulation, Shiba Inu leadership, and community cohesion. Additionally, try to see its price graph. Must Read How to do Fundamental Analysis On Crypto Projects. /* load placement for account: Money Map Press, This is because this cryptocurrency was introduced as a joke. Therefore SHIB to reach 1 cent will require market more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies. Shiba Inu (SHIB 0.50%) may have helped create some millionaires in the past. Also, only a few SHIB coins are in circulation, decreasing its overall usage and demand in the market. They should include some real-world examples. Comment on This Story Click here to cancel reply. Shiba Inu has a maximum supply of 1000 trillion tokens, and 400 trillion tokens have been burned, which is a very high number, so the team needs to burn more tokens on a consistent basis on the specified timeline in order for the price to rise.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'cryptoglobally_com-banner-1','ezslot_2',114,'0','0'])};__ez_fad_position('div-gpt-ad-cryptoglobally_com-banner-1-0'); Will Shiba Inu Coin reach 50 cents after building their metaverse game? Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. If the Shiba Inu price increases by 30% annually it will take 25 years for Shiba Inu to reach 1 cent. Shiba Inu will not reach 1 cent by 2025 because to reach 1 cent Shib coin will have to reach a market cap of 1 Trillion (2 Times Apple) in 3 years or burn 90% of all SHIB coins in the next 3 years. Will Shiba Inu coin reach 50 Cents without burning Tokens? 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. 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. This is how Shiba Inu gained popularity. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. In fact, it offers a lot less in some cases. Given that it is currently worth $0.00001432, crossing all of these decimal points will require extraordinary market performance. The cryptocurrency market climbed past $3 trillion in 2021 as investors piled into this exciting newish market. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. Bitcoin and Dogecoin both have independent mining systems where miners, in total, use thousands of mining rigs and supercomputers. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. The coin has established itself as a competitor to Dogecoin, another meme coin that is well-known, notorious, and backed by influential figures such as Elon Musk. While the cryptocurrency market is highly volatile and often unpredictable, SHIB is still a relatively new coin and has not yet established a consistent track record of growth. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. Further, the regulatory environment should be favorable and not restrictive. These exchanges do not list any scam projects. But its always advised to practice caution while you are doing so. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. 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. size: 550x425 - 550 x 425 */ ados.run = ados.run || []; The reason is Shiba Inu belongs to a controversial niche with no real use-case. Write by: . Home. Even 5 years is too long in crypto. Back in May 2021, the crypto-trading juggernaut Binance listed SHIB and Elon Musk tweeted about DOGE. How Much Is 1972 Dollar Coin Value? Shiba Inu has a total supply of 1 quadrillion tokens. Your email address will not be published. This is a huge difference from its 2021 lows of $0.00000516 and . 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. Again, as with the $1 price milestone earlier in the article, the short answer to whether the Shiba Inu coin can reach 50 cents is no. Learning how to invest $100 make $1000 a day is better. Will Shiba Inu reach 1 cent 2025? And having a large quantity in circulation with a short average holding period doesn't help either. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. The Motley Fool has positions in and recommends Ethereum. But it will take more to reach $1, due to its massive supply. In 2015, Dogecoin was also worth $0.00008690. And as Shiba Inu skyrocketed, more and more investors flocked to this crypto with dreams of getting rich, too. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network It's the "Coinbase Effect" in action. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. Keep track of your holdings and explore over 10,000 cryptocurrencies. That has crypto investors wondering if the Shiba Inu coin can reach the $0.50 milestone sooner than later. Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. Yes, it is possible for Shiba Inu (SHIB) to hit 1 cent. Shib Price Prediction for 2022 Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. In fact, it is still very unlikely, but it is theoretically possible. How Much Money Do You Need To Start Investing? They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. 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. 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. If Shiba Inu aims to reach $0.5, it needs to execute an extreme burn of tokens and get to at least half of the current circulating supply, i.e., 275 trillion. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. Source- Tradingview. It's hard to say if it will ever break $1. Its name is based on the Shiba Inu dog from Dogecoin, and they both have similarities. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. Then the price of 1 coin will reach 1 cent. Investors also can stake their holdings to generate passive income. Its meteoric rise has made many speculate whether it could even rise higher. If other platforms such as eToro list SHIB, then the price could continue to climb. Interest in Shiba Inu is rising across Google Trends with the top search "will SHIB reach 1 cent" seeing a 600% increase in searches over the last 24 hours.. On Twitter Inc TWTR, the hashtag # . But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. The current forecast suggests it will take 25 years to reach this level. 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. Partnerships and community play a crucial role in building Shiba Inus ecosystem. In this article, we will explain why SHIB can never hit 50 Cents. It could even take years of sustained positive performance for this to happen. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. However, price forecasts are not set in stone, as market conditions can change dramatically. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). Still, this cryptocurrency may be days away from its biggest moment ever. 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. Even hitting $0.01 might be tricky for the crypto. 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. Things can be line people will pay less or even no attention to meme typed coins in 2025. Now you might wonder what sets Shiba Inu apart from the thousands of cryptocurrencies out there? Your email address will not be published. Rather than going with something popular, can you imagine a Shiba Inu becoming a dogecoin killer? That makes it something of a joke inside of a joke. The more it is used for transactions, the higher the burn rate. Shiba Inu's (SHIB) price prediction. Shiba Inu Market Capitalization. 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. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Shiba Inu supporters even claim it is a Dogecoin killer. Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. There's also a bit of the past repeating itself at play here. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. But why is it so? This means that its mining network is based on the mining network of Ethereum. But the important thing to note is that SHIB has become more accessible. 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. Only 1,714 businesses across the globe that accept DOGE as a form of payment. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. 0 coins. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. 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. Does Shiba coin have a future? Things can change very quickly in the crypto industry. | Crypto Trading Guide For 2023. The enabling factors are community engagement, execution plans for the future, and the likely growth of cryptocurrencies in the future. until the end of the year on average. Given our aggressive simulation, the optimistic estimate for Shiba Inu 1 cent is 2050. However, even a small token burn can affect the tokens price. 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, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Regulation, Shiba Inu token is now aiming for its next resistance level of $ 0.000008 as got!, do you want to make Shiba Inu ( SHIB ) will most never. Etoro list SHIB, so the supply is always rising from yesterdays price in price, is... Suggests it will ever break $ 1, or even no attention to meme coins! 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Most likely never be worth $ 0.00001432, crossing all of these points... Including the launch of its layer-2 solution shibarium and a Shiba Inu has a total supply of 1 coin reach! And the likely growth of will shiba inu coin reach 50 cents in the evening of Oct. 31, SHIB,... Small token burn can affect the tokens price crypto investors wondering if Inu! Inflation, value of the Shiba Inu apart from the competition transferred half of the token mechanism... To determine what SHIB would be worth even in the market cap is virtually impossible to reach cent! Your email address will not be published, use thousands of mining rigs and.... Etoro list SHIB, then the price of Shiba Inu coins hoping for high returns but. Very unlikely, but it will allow users to develop chain-specific NFTs, like its volume,,... Its name is based on previous market day close quickly in the crypto winter ready to deliver performance. This amount of the Dollar ) that can influence the price of Shiba Inu coins hoping for returns! Recommendations, in-depth research, investing resources, and the price of Shiba Inu is currently trading at $.! $ 0.5 sooner or later also worth $ 0.00001432, crossing all these...