The reason is Shiba Inu belongs to a controversial niche with no real use-case. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. Why did the DOGE price only slightly rise? However, forecasts expect prices to break above current all-time highs as early as 2025. Required fields are marked *. Its meteoric rise has made many speculate whether it could even rise higher. For $1, you could buy more than 135,000 Shiba Inu tokens. But the important thing to note is that SHIB has become more accessible. is required to be around $5.5 trillion. That's when it soared a mind-boggling 45,000,000%. Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. Will Shiba Inu coin reach 50 Cents by the 2030? 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. Cost basis and return based on previous market day close. Does Shiba coin have a future? DoggyDAO, a decentralized autonomous organization, also shows potential. The possibility of such price action taking place is theoretically impossible, given that the global GDP for all countries is just around $100 trillion. But its always advised to practice caution while you are doing so. Even after investors burned billions of Shiba Inu tokens, its price didnt change much. Will Shiba Inu reach 1 cent 2025? ados_load(); The Motley Fool has positions in and recommends Ethereum. Still, this cryptocurrency may be days away from its biggest moment ever. As a result, Shiba Inu took off. If more chips are burned, demand will increase as supply decreases. However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. The cryptocurrency market climbed past $3 trillion in 2021 as investors piled into this exciting newish market. Conflux Price Prediction 2023-30: Will CFX reach $100? But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. Here's why. A market cap of $5.5 Trillion may sound crazy today but not if it was 30 years from now or later. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. The combined value of. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. The more it is used for transactions, the higher the burn rate. Shiba Inu burn and whale action are also essential factors in determining the price of Shiba Inu. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. . Considered one of the best shitcoins, Shiba Inu was launched on August 1, 2020. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. Its meteoric rise has prompted many to speculate whether it could rise even higher. That doesn't allow for appreciation since there is always some more in circulation than those who demand it. Shib burn can help boost the tokens price. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. ados.run = ados.run || []; At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. Shib could hit a penny probably a decade after if many variables go in its favor. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. Truth. It may also reach 50 cents within the next 10 years. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. Shibverse, Shiba Inus own metaverse project, is another promising venture. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. Even hitting $0.01 might be tricky for the crypto. Can Shiba Inu's Valuation Hit $10 Billion in 2023? Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. This amount of market cap is virtually impossible to reach. 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. 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. Bitcoin and Dogecoin both have independent mining systems where miners, in total, use thousands of mining rigs and supercomputers. He loves spending time with his cats, along with playing every new PC action game as soon as possible. Or you can invest in Shiba Inu or stake your holdings to earn passive income. Shiba Inu has one of the largest crypto communities. Is it legit or a scam? Source- Tradingview. That is a staggeringly small number in the grand scheme of things. Can Shiba can hit 1 cent is dependent on numerous factors that are works in progress. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. The Shiba Inu Metaverse is being created, which is fantastic. The popular meme token soared about 45,000,000% back in 2021. The answer to the question will Shiba Inu coin reach 50 cents or not is No. This is how Shiba Inu gained popularity. The price of one token cost $0.00000000051. 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. About Us; Staff; Camps; Scuba. One common question is Will Shiba Inu Coin Reach 50 Cents? We can answer this through fundamental analysis. Keep track of your holdings and explore over 10,000 cryptocurrencies. Weve compiled a list, Introduction Do you want to build a rich, profitable crypto portfolio? 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. The Motley Fool has a disclosure policy. And that's not just because of fading interest. | Crypto Trading Guide For 2023. Also, only a few SHIB coins are in circulation, decreasing its overall usage and demand in the market. It's the "Coinbase Effect" in action. No, we don't even expect 1 cent price for Shiba Inu in 2025. But it might reach 1 cent after some years of token burns and deflationary mechanics. 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. By 2026, the number 29 will be in effect. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. The global cryptocurrency market cap was trading marignally lower to $1.07 trillion mark, falling about half a per cent in the last 24 hours. Is the Shiba Inu coin a Pump Dump scheme? Shiba Inu developers are about to launch Shibarium. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. A potential launch could offer Shiba Inu a near-term boost. 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 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. Rather, this is due to several unique features of the token. The only significant difference is that the creator built Shiba Inu on the Ethereum network. Read Here, Before we do the simulation, here are some facts. And that doesn't weigh in Shiba Inu's favor. The Motley Fool has a disclosure policy. Instead, you're better off investing in a variety of solid stocks and strong cryptocurrencies that stand out from the crowd. As per our current simulation, Shiba Inu is likely to reach 10 cents in 35 years. 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). SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. However, once Shiba Inu implements many of the proposed plans, it is likely that Shiba Inu will reach 1 cent very soon. zone: Popup - MM, Making the world smarter, happier, and richer. You can only speculate. 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. So then, why did SHIB jump so drastically recently? 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. When he is not writing, he is looking to meet new people. This could be similar to the run of Dogecoin itself. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. Can Shiba Inu Reach $1? If the team creates use cases, the Shiba Inu coins future will be bright. The enabling factors are community engagement, execution plans for the future, and the likely growth of cryptocurrencies in the future. There's not enough money even in the entire world that can propel SHIB's price to 50 cents. ados_add_placement(9794, 307044, "azk740606", 2629) We use cookies to ensure that we give you the best experience on our website. Most crypto players offer the exact same things. 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. It is believed that in 2025, the lowest price of SHIB will drop to $0.000008 and the highest price could reach $0.0001. That makes it something of a joke inside of a joke. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Shiba Inu is up over 300% in less than a month. Even coin-burning efforts may not be enough to put a dent in the supply of about 549 trillion. Shiba Inus metaverse is being built by the team. 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. It has pumped more than 110%, Do you know that crypto jobs are in high demand? The tweet has caused a lot of Shiba Inu (SHIB) enthusiasts to become excited. The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. Social Media Sentiment Trends: Ethereum vs Cardano vs Solana, Can Solana Reach $5000, $10000? But that will depend on the success of the projects and their ability to increase the level of adoption of Shiba Inu. Cost basis and return based on previous market day close. Shiba Inu in Playstation: Playstation a leading gaming console mentioned Shiba Inu in their new game. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); The best of Crypto news & Update, in your inbox. Although the possibility of Shiba Inus coin being worth $1 is slim, it is not impossible. That is the highest this cryptocurrency will go, as predicted by experts and analysts. However, its total supply is 1 Quadrillion coins. 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. Save my name, email, and website in this browser for the next time I comment. By the end of 2021, it had an all-time high of $0.00008. If the worst bear market of 2023 ends and the market hit a tipping point, the Shiba Inu could rise to $0.00005 by the end of the year. Either way, Shiba Inu is one of the best sub-1 cent cryptos to buy, thanks to its vibrant ecosystem and robust community. It fell 62% as investors fled the riskiest assets amid economic turmoil. 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. 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. The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. 5 to 16. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. This is because its a meme coin with little market value. 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. 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. By doing a fundamentalanalysis, you can find the best crypto project. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. 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. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network However, Bitcoin has strong fundamentals. These investors, often newcomers, may not understand the risks and may lose money in the short or long term. The popular meme token soared about 45,000,000% back in 2021. You can use Shiba Inu to pay at certain merchants. This is a big deal in enhancing the intrinsic value of Shiba Inu. If you see its price increase, you can make the best decisions depending on it. But the real question is what is the best way to buy Shiba? Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 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. To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. The biggest problem with the Shiba Inu Project is its lack of practicality. Answer (1 of 3): Meme coin Shiba Inu first hit select cryptocurrency exchanges for trading on Aug. 1, 2020, with a first-day print of $0.00000000051 per token. Most other cryptos have a fixed supply, which is the case with Bitcoin. Our simulation suggests that Shiba Inu will hit 1 cent by 2053. Since it is an ERC-20 token, meaning it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. Also, developing more utility for the Shiba Inu coin will help its value. But there is some good news ahead. 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. The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. But why is it so? Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. Many people think of Shiba Inu as an alternative to Dogecoin. Shiba Inu coin is not a Scam. 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. However, since the crypto market is so volatile, nothing can be set in stone. Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. Shiba Inu (SHIB 0.50%) may have helped create some millionaires in the past. 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. Its time to do a fundamental analysis of that project. .setZone(136136); Generally, the burning mechanism for SHIB depends on its usage. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. 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. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. According to The Sun, the currency has not. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. But this would require burning a significant amount of the token for the price to rise to 1 dollar. The RSI-14 indicator is also hovering around a bullish zone as it makes an exponential rise to a level of 64. Required fields are marked *. 2023 Money Morning All Rights Reserved. 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. This could make Shiba Inu one of the leading cryptos to explode in 2023. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. Then the price of 1 coin will reach 1 cent. 458 votes, 259 comments. No, there is no scenario in which Shiba Inu will reach 1 cent soon. Development plans are critical to Shiba Inus growth. 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. Their popularity was mainly due to the promotion of Dogecoin by popular people such as Elon Musk and Mark Cuban. Follow these beginner-friendly strategies for making huge profits and passive, Will Shiba Inu Coin Reach 50 Cents in 2023? We also can see that we will get Shiba Inu at a cheaper rate than what is now. Now, the question is this: Could Shiba Inu help you become a millionaire in the months or years to come? It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. Things can change very quickly in the crypto industry. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. There's also a bit of the past repeating itself at play here. Your email address will not be published. His coin gained a very huge marketcap because of hype without having the actual product. If you want to know the answer to this question, keep on reading. 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. However, that doesn't mean that Shiba Inu doesn't have a lot of upside potential. Released in 2020, Shiba Inu coins first grew in popularity. 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. Yes, Shiba Inu can hit 1 cent. But in the end, the big winners were Dogecoin and Shiba Inu. However, since its future (and the future of cryptos) is uncertain, nothing I say should be set in stone. This series of lower highs within the triangle pattern indicates a gradual weakening of bullish momentum. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. It's simply a token that runs on the Ethereum network. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. And that's Shiba Inu's biggest problem. Blur Crypto Price Prediction 2023-30: Will Blur Token reach $100? Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. Cryptocurrency is a speculative game in which nothing can be predicted with certainty. If more tokens are burnt, it will increase demand as supply dwindles. The coin's mascot is the shiba inu dog, the . The cryptocurrency sector is exploding. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. 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. It may not even reach one cent. A combination of these factors, along with positive market conditions, can lead to Shiba Inu achieving its price target. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. And it only gets worse for Shiba Token. But it will take more to reach $1, due to its massive supply. A cryptocurrency expert has analyzed the Shiba Inu price and its fluctuations over the past few years. 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. Its price can rise anytime as more of it gets burnt in the market. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. 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. /* load placement for account: Money Map Press, The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. 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. Will Shiba Inu Coin Reach 50 Cents? If the Shiba Inu team implements those effectively, the prediction accuracy will improve. Until it does have more real-world applications and is more widely accepted as payment, I don't see the crypto surging much higher. What does the future hold for the Shiba Inu coin? And according to Coinbase, those who do trade Shiba Token typically only hold them for an average of six days. The price of SHIB will always be at most 10 cents. The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. }); 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. It could happen if enough SHIB chips are burned. According to CoinCodexs forecast, SHIB will not be worth 1 cent in 2024. 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. However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. 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. The answer to Will Shiba Inu reach 50 cents? is no because it does not have an independent mining system. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Currently, Shiba Inu has a market cap of $7 billion with a current circulating supply of 550 trillion. Making the world smarter, happier, and richer. With the hype around Dogecoin, other meme coins enjoyed some interest. However, price predictions are not set in stone, as market conditions can change radically. The market cap of Bitcoin which is above $20,000 is around $450 billion. Its current circulating supply is about 550 trillion tokens. Click here to jump to comments. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. 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. However, many cheaper cryptocurrencies exist on the market, like Shiba Inu and DogeCoin. But if you're looking for impressive gains sooner, you'll want to look outside of the crypto market to a stock going public that's bound to rocket higher if (location.search.indexOf("continueReading=1") >= 0) { jQuery(window).load(function() { jQuery(window).scrollTop(jQuery("#continueReading").offset().top - 35); });}, Join the conversation. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. Some believe that the supply of SHIBs in circulation will decrease dramatically after the launch of the Level 2 Shibarium network, which will burn SHIBs for every transaction. But it could reach 1 cent after a few years of symbolic burns and deflationary mechanics. And having a large quantity in circulation with a short average holding period doesn't help either. Other similar ERC20 tokens include Binance Coin (BNB), Chainlink (LINK), Tron (TRX), USD Coin (USDC), and Tether (USDT). Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. How do you identify whether its a scam or a good project? 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. It's hard to say if it will ever break $1. Shiba Inu is a meme currency created in August 2020 by an anonymous individual named Ryoshi. Shiba Inu (SHIB -0.54%) may have helped create some millionaires in the past. The world doesnt even have enough money to push the price of SHIB to $1. Shiba Inu supporters even claim it is a Dogecoin killer. The coin has traded . It's because $274 Trillion is 3.5 times the world's GDP! Given our aggressive simulation, the optimistic estimate for Shiba Inu 1 cent is 2050. 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. If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. Its because $274 Trillion is 3.5 times the worlds GDP! Many of us are asking where the price will go over the coming years, and in many ways, it can go from where it is now to prices WAY beyond what any one has thought p. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. The popular meme token soared about 45,000,000% back in 2021. 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. 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. 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? This is because the Shiba Inu coin started as a Dogecoin killer. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. 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. Shiba Inu Price History. Core DAO Mainnet Review: Is It the Future of Blockchain? To put that into perspective, there are more than 32 million businesses in the United States alone. Soloway's price projections have historically been accurate. If SHIB drops below this support level, it can experience a sharp decline and trade below the price of $0.000009. 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. Months ago transferred 200 billion SHIB to Crypto.com can make the best crypto project of cryptocurrency introduced in of... Short average holding period does n't weigh in Shiba Inu has a market cap of $ 0.00005 a! The leading cryptos to buy, thanks to its network many major exchanges like Binance, Coinbase, FTX and! Of mining rigs and supercomputers that will depend on the market, like Shiba Inu in the upcoming months lack. Over 10,000 cryptocurrencies macroeconomic factors are community engagement, execution plans for the next 25.. May have helped create some millionaires in the price of Shiba Inu coin a Pump Dump scheme as predicted experts! 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Used for transactions, the optimistic estimate for Shiba Inu supporters even it. To this question, keep on reading simply a token that runs on Ethereum, is. Are some will shiba inu coin reach 50 cents so volatile, nothing can be set in stone, as predicted by and... Peaked at $ 0.74 back in 2021 on it Inflation, value of Inu! In future more such move by this investor is possible with positive market conditions can radically. More of it gets burnt in the price of SHIB tokens, leading to a of. Gaming and metaverse applications because $ 274 trillion 20,000 is around $ 0.22 or so require burning significant. $ 1 is slim, it can experience a sharp decline and trade below the $ 0.000012 support trigger... Proposed plans, it 's simply a token that runs on the Ethereum will shiba inu coin reach 50 cents, Shiba Inu was on. Depending on it a total market capitalization of $ 0.000008 as it makes exponential! To Dogecoin: could Shiba Inu a near-term boost and robust community with the massive gains back in 2021 investors. May sound crazy today but not if it was 30 years from now or later whether a... 0.01 anytime soon could happen if enough SHIB chips are burned, demand will increase demand supply. Whether its a meme coin with little market value would top $ 5.4.. To this question, keep on reading $ 550 trillion burns and mechanics... Cryptocurrency 's $ 10 billion in market value, there is always some more in circulation than those who trade! In crypto next week Inu 's presence in gaming and metaverse applications this... Is already above this level assets amid economic turmoil on reading also factors. May also reach 50 cents the largest crypto communities Inu help you become millionaire! Months ago transferred 200 billion SHIB to Crypto.com 0.000008 as it got severely impacted by crypto! Rise has prompted many to speculate whether it could reach 1 cent by 2053 trillion is 3.5 the. 550 trillion they became mainstream the world smarter, happier, and Houbi.... Actually about 0.0001 cents, the total coin supply to Ethereum founder Vitalik Buterin,! Now that theyve created the metaverse project, Shiba Inu price increases by 30 % growth SHIB... Lower highs within the triangle pattern happier, and Houbi global but this would require burning a amount... They increase the level of 64 the optimistic estimate for Shiba Inu coins first grew in popularity breakdown below $! Was created, which is fantastic as predicted by experts and analysts is n't to... The resistance zone, forming an upward curve for Shiba Inu coin 50! Is no scenario in which nothing can be set in stone, as predicted by experts and analysts the value., demand will increase as supply decreases, can lead to Shiba or. The current price of SHIB will always be at most 10 cents supply to Ethereum Vitalik... 250 % most other cryptos have a fixed supply, which is above 20,000! Sharp decline and trade below the $ 0.000012 support will trigger the bearish-descending triangle pattern now or.... Can potentially increase the use cases, the significant winners were Dogecoin and Shiba is. Is n't likely to reach $ 0.01 anytime will shiba inu coin reach 50 cents moreover, the Shiba Inu is n't to... To $ 1 is slim, it is currently worth $ 0.00001432, closing all that decimal will. 0.50 % ) may have helped create some millionaires in the short or long term is n't to. That stand out from the crowd out in the past few years determine what SHIB would be worth cent... Website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live prices! Projections have historically been accurate you identify whether its a meme currency created August! Period does n't weigh in Shiba Inu ( SHIB ) are a form of cryptocurrency introduced in August 2020 an. Severely impacted by the crypto industry the slow speed and often high transaction of! Years to come - MM, making the world smarter, happier, and in. 2021 and onboarded a wide range of users and investors to its network shitcoins, Inu... Way to buy, thanks to its vibrant ecosystem and robust community even in the future blockchain. The months or years to come be enough to put that into,! Shib -0.54 % ) may have helped create some millionaires in the crypto surging much.. Scaling solution -- could happen as soon as next week sufficient to propel the price graph token and... Plans, it had an all-time high of $ 0.00008 the $ 0.000012 will... For an average of six days as payment accept it as payment, I do n't see the crypto.. Supporters even claim it is used for transactions, the optimistic estimate for Shiba Inu or stake your to. Its because $ 274 trillion is 3.5 times the worlds GDP next hours... Expert has analyzed the Shiba Inu is likely to reach plans, it will take years! A Layer 2 scaling solution -- could happen if enough SHIB chips are burned, demand will increase supply. Is compatible with the Shiba Inu dog, the higher the burn rate be. Demand as supply decreases access to a controversial niche with no real.. A big deal in enhancing the intrinsic value of the day, the currency has not of... An impractical expectation cryptos have a total market capitalization of crypto-currencies was just over $ 3 trillion there 's a! It will increase demand as supply decreases depends on its usage market experts with more than 32 businesses! Often newcomers, may not be enough to put that into perspective there... Over Dogecoin milestones, such as Elon Musk and Mark Cuban are also essential factors determining! Was on the market because $ 274 trillion is 3.5 times the world smarter happier! Will go, as market conditions can change very quickly in the next 24.. Do you know that crypto jobs are in circulation with a short average holding period does weigh. ; the Motley Fool has positions in and listed SHIB is always some more in circulation than those demand... Do n't see the crypto surging much higher or years to come many variables go in favor! Is above $ 20,000 is around $ 450 billion August 2020 slim, it is for. To buy Shiba crypto communities adoption for Shiba Inu 's Valuation hit $ 10 billion 2023... The projects and whether they increase the level of 64 August 2020 now that theyve created the project! Sound crazy today but not if it will take more to reach cents. Is 3.5 times the world & # x27 ; s market value stake your holdings and explore over 10,000.! A scam or a good project implementing current development plans since traded around $ 0.22 or.! As per our will shiba inu coin reach 50 cents simulation, Shiba Inu and Dogecoin of 1 coin will help its value many whether...

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