If SHIB drops below this support level, it can experience a sharp decline and trade below the price of $0.000009. Even after investors burned billions of Shiba Inu tokens, its price didnt change much. Must Read How to do Fundamental Analysis On Crypto Projects. Therefore, there is no chance of Shib hitting a penny by 2030. How Can I Benefit From Investing In Crypto? Its meteoric rise has made many speculate whether it could even rise higher. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. 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, 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". Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Shiba Inu is a meme currency created in August 2020 by an anonymous individual named Ryoshi. With less than $7.50, you could own a million of them. Shiba Inu really . It has pumped more than 110%, Do you know that crypto jobs are in high demand? In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. These investors, often newcomers, may not understand the risks and may lose money in the short or long term. It could even take years of sustained positive performance for this to happen. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. However, its total supply is 1 Quadrillion coins. The more it is used for transactions, the higher the burn rate. the Shiba Inu can reach anywhere from 15. From that past September to early October, the cryptocurrency gained 320% and pushed its way into the top 20 best-performing cryptos. Here's why. 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. That abundance is part of the joke. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. Additionally, try to see its price graph. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. 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. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Still, this cryptocurrency may be days away from its biggest moment ever. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. 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. Many people think of Shiba Inu as an alternative to Dogecoin. This is a Layer 2 solution that could solve some of Shiba Inu's problems. Looking at the above data and combining it with an active burn program, it is not unrealistic to expect Shiba Inu also to rise 646 times. var ados = ados || {}; 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. 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. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Conflux Price Prediction 2023-30: Will CFX reach $100? However, even a small token burn can affect the tokens price. The coin's mascot is the shiba inu dog, the . 2 years from now, SHIB will reach 5 cents.that is my prediction. All rights reserved by Redhatmedia. The MACD line is also supporting the current uptrend of Shiba Inu as it moves parallelly with the price trend. Will Shiba Inu Coin Reach 50 Cents? Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. Keep yourself one click away from global finance's new update with FinanceTeam.net. Will Bitgert reach 1 Cent? The same answer also applies to questions like will Shiba Inu coin reach $1? and Will Shiba Inu coin reach $10?. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. 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. Can Shiba Inu Reach $1? Also, only a few SHIB coins are in circulation, decreasing its overall usage and demand in the market. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. It might be difficult to do. The popular meme token soared about 45,000,000% back in 2021. 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. In 2013, when the crypto space started becoming the spotlight and pioneer of the digital era, no one was aware of a Dog-themed meme coin that could take over the crypto-verse by storm. Shibarium is the layer-2 blockchain being developed by the Shiba Inu developers. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. Shiba Inu developers are about to launch Shibarium. 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 biggest risks are government regulation, poor execution of Shiba Inu plans, and general deterioration in the macroeconomy. It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. 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. Bitcoin also appears to have bottomed out near $19,000. Adria Cimino has positions in Ethereum. They should include some real-world examples. There has been an increase of 814. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. *Average returns of all recommendations since inception. 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. But more than that is needed to reach $1 due to its humongous supply. The only significant difference is that the creator built Shiba Inu on the Ethereum network. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); The best of Crypto news & Update, in your inbox. 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. 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. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. The popular meme token soared about 45,000,000% back in 2021. While Dogecoin has a. The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. 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. You cant predict the future of a particular cryptocurrency. The community must also hold together during this period. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Or you can invest in Shiba Inu or stake your holdings to earn passive income. 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. Shiba Inu has a total supply of 1 quadrillion tokens. Stacks Price Prediction 2023: Will STX reach $100? Therefore, Shiba Inu will not be a good investment choice. The coin has traded . For that reason, Shiba Inu is still in the right environment to rebound and 'eat' one zero to trade above $0.0001 in the coming weeks. Also, developing more utility for the Shiba Inu coin will help its value. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Shiba Inu is up over 300% in less than a month. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network However, Bitcoin has strong fundamentals. 458 votes, 259 comments. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. But even if SHIB undergoes a drastic upward swing, can it reach $0.50? 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. Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. For context, global gross domestic product -- the value of all goods and services. VeChain Price Prediction Today, Can Polkadot Reach $1000? Debamalya is a professional content writer from Kolkata, India. Save my name, email, and website in this browser for the next time I comment. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. 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. 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. Shib coin is selling for about $0.0000085 per coin with a market value of $3.4 billion, so there's still plenty of time to grow. The possibility of such a price action taking place is theoretically impossible, given that the global GDP of all countries is just around $100 trillion. In 2015, Dogecoin was also worth $0.00008690. With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. 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. That's when it soared a mind-boggling 45,000,000%. 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. People who bought Bitcoin at $1 had no idea it could rise to $69,000. That has crypto investors wondering if the Shiba Inu coin can reach the $0.50 milestone sooner than later. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. By 2026, the number 29 will be in effect. size: 550x425 - 550 x 425 */ Solana Price Prediction Today. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. 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. is required to be around $5.5 trillion. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. until the end of the year on average. This is because the Shiba Inu coin started as a Dogecoin killer. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. Coingate, Bugatti, and VISA are some of the companies Shiba Inu has partnered with to expand its reach. 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. What does the future hold for the Shiba Inu coin? Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Ultimate Guide to Become A Crypto Community Manager 2023. Could Shiba Inu Help You Become a Millionaire? Invest better with The Motley Fool. Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? DCG crypto group announces $1.1 billion loss in 2022, Goldman Sachs analysts forecast a 24% rise in Chinese stocks as the country consolidates in its growth phase. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. These exchanges do not list any scam projects. 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. That has crypto investors wondering if the. All of this means Shiba Inu doesn't stand out from the competition. The price of SHIB will always be at most 10 cents. Will Shiba Inu reach 1 Cent by 2025? There are many ways to do it! This was a reach even in the bull market, and is extremely unlikely now. Whales have played a significant role in boosting the price of Shiba Inu in the past. Read More: How Much Is 1972 Dollar Coin Value? If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. This led to Shiba Inu price fall by nearly 7%. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Shiba Inu (SHIB -0.54%) may have helped create some millionaires in the past. That's when it soared a mind-boggling 45,000,000%. All these developments will improve Shiba Inu's functionality and could boost its price. Is the Shiba Inu coin a Pump Dump scheme? It's beginning to reignite the momentum-based euphoria that sparked the. 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. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. But will the gains last and help lift Shiba Inu to $0.01? 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. The crypto is on the rise this year, with a gain of 64% so far. Numerous Development Plans some of which have already been rolled out. Therefore, it is possible that Shiba Inu will also reach 1 cent. All of this is to say that it's hard to predict just how high SHIB will actually go. The cryptocurrency sector is exploding. DisclaimerAll articles published on Coinmash are strictly for informational purposes only. The world doesnt even have enough money to push the price of SHIB to $1. Its current outstanding supply is about 550 trillion tokens. 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. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . 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. Metaverse Tokens Social Media Sentiment Live. Popular meme token Shiba Inu (SHIB -0.62%) is stirring up some excitement. But it took until 2021 before it was worth a cent. Yes, Shiba Inu can reach half a cent by 2047. As analyzed earlier, this will depend on the Shiba Inu Burn, the Implementation of Shiba Inu Plans, and the sustenance of the community. And according to Coinbase, those who do trade Shiba Token typically only hold them for an average of six days. 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%. A combination of these factors, along with positive market conditions, can lead to Shiba Inu achieving its price target. Can Shiba can hit 1 cent is dependent on numerous factors that are works in progress. This is because this cryptocurrency was introduced as a joke. This is higher than the previous zenith of $0.00003791 recorded back in May 2021. When it comes to crypto-currencies, price unpredictability is always a major factor. Its time to do a fundamental analysis of that project. Things can be line people will pay less or even no attention to meme typed coins in 2025. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. 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. Both cryptocurrencies were inspired by Shiba Inus, a Japanese dog breed that became known for the "doge" memes that circulated around the Internet. For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. Follow these beginner-friendly strategies for making huge profits and passive, Will Shiba Inu Coin Reach 50 Cents in 2023? Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. 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 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. 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. With the hype around Dogecoin, other meme coins enjoyed some interest. This series of lower highs within the triangle pattern indicates a gradual weakening of bullish momentum. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. ados_load(); When it comes to the cryptocurrency market, its current market capital rank is #14. According to CoinMarketCap, Shiba Inu is currently trading at $0.00001289 with an uptrend of 2.05% from yesterdays price. But that doesn't mean Shiba Inu will even come close to replicating those gains. In theory, this is feasible but in practice, this would be quite difficult. SHIB Price Prediction, 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. Read more:How Can I Benefit From Investing In Crypto? Let's find out. The price of SHIB will always be at most 10 cents. So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. Cryptocurrency gained 320 % and pushed its way into the top 20 cryptos... 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Performance for this to happen answer also applies to questions like will Shiba Inu getting! Ready to deliver a performance like that of 2021 is # 14 read How to do own... Be a good investment choice October, the higher the burn rate a crypto community Manager.... In investing in crypto 1, or even 50 cents for that matter market... $ 0.00008690 another Influencer does n't mean Shiba Inu will reach 5 cents.that is my Prediction reach cents.that...