From the fundamental side of things, the Shiba Inu team is working on several products that are geared towards making SHIB a more attractive token to hold. The price has recently dropped to $0.0000082. Kusama told the Shiba folks that the Shibarium would come very soon.. Its another ERC20 token on the Ethereum network. Continue with Recommended Cookies. Will Shiba Inu Reach $1 or 50 cents? Investors are still on a wait-and-see mode, and there is no telling when the crypto prices will start climbing again. Big News: Ripple Price is about to TRIPLE? This is especially true for Shiba Inu, which has only been around since the summer of 2020 and therefore doesnt have a long price history that would help us understand how SHIB tends to behave across crypto market cycles. Key among them is its incredibly high maximum token supply, its clear lack of intrinsic value (real or perceived), and an apparent lack of clear goal - it currently focuses on beating Dogecoin and not creating value or growing Shiba into a technologically advanced ecosystem. The current price of Shiba Inu is $0.000012, and the 24-hour trading volume is $171 billion. Shiba market cap volume is crossed billion worth and now heading towards setting half trillion worth if more investor continues to show same interest. Shiba Inu, on the other hand, has a supply of 549 trillion tokens. The GDP of the entire planet earth is around $80 Trillion. This token completed own by community and team member with transparent vision by developer. Despite the fact that SHIB is identical to other ERC20 token currencies, the community is what sets it apart. 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. Input your search keywords and press Enter. We can safely assert that a cryptocurrencys long-term viability is mostly dependent on technology and community, based on our experience. The price of SHIB soared from 0.00001 to 0.000014 US dollars. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. How high can , The trend of the crypto market is currently up. Cost basis and return based on previous market day close. Ensuring that transaction fees are negligible is critical to getting this NFT marketplace and blockchain-based gaming off the ground. From the above chart, we see that for SHIB to reach 10 cents, the total market cap of Shiba Inu has to be 549 Trillion x $0.10 = $54.9 Trillion. When he is not writing, he is looking to meet new people. Shiba Inu is an ERC-20 token that's built on the Ethereum (ETH -0.43%) blockchain. To make the world smarter, happier, and richer. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. It's somewhat similar to a publicly traded company enacting a stock buyback. More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years. So, if the market cap of Shiba Inu would be so outlandish if SHIB reached $1 or even $0.01, why do we see people mentioning these price targets so often on social media platforms? The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. Cost basis and return based on previous market day close. And according to the CoinMarketCap list of the largest cryptocurrencies, Shiba Inu - the Dogecoin Killer - is ranked in the top 15 cryptocurrencies with a market capitalisation of $11 Billion. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. At its peak on Oct. 27, a single SHIB token set investors back $0.00008841. So many factors stand in the face of the ERC-20 only token, blocking and preventing it from reaching a $10 valuation in the foreseeable future. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. 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. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. Shiba Inu Price Explodes By More Than 90% since Jan! Is it expected to reach $10 or more in the next five years? The purpose of Shibarium is to drastically reduce transaction fees. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. SHIB, on the other hand, is a currency rather than a commodity. A single SHIB coin is . Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. That's when it soared a mind-boggling 45,000,000%. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. In January 2022, NFT trading volume totaled $17 billion. On Wednesday, the price of Shiba Inu coinwhich trades as SHIBsurged 33% to reach an all-time high of $0.00005478. When will Shiba Inua Coin reach a penny? Why is this such a big deal? Following the massive drop, the price has gradually returned to normal. As a result, Crypto traders are keeping an eye on. the 1-month volatility of the coin is at 5.26. Can Cardano reach $2 in 2023? Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. 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. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. Most meme coins have a very large circulating supply, which results in a low price per unit. Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. SHIB is based on Ethereum ERC20. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. New Uptrend 2023? And if the uptrend that the token has posted in October 2021 is anything to go by, Shiba Inu can be expected to resume its price rally soon. Making the world smarter, happier, and richer. Shiba currently based on Ethereum blockchain and it currently have no big utility apart from NFT and community. As an investor, we have to be impassioned. Shiba token burn and liquidity locking program pushing price to the moon and that favouring project in term of bringing new investor and diamond hand holder. (. There you have it, Shiba Inus goal is not to reach $10 or even $1. You can use Shiba Inu to pay at certain merchants. 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 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The Federal Reserve estimates that there are around $8 trillion in coins in circulation across the globe. Shytoshi Kusama, the developer, tweeted on December 24 that Shibarium is nearly impossible to show up before the end of the year due to the holiday periods. Investors were looking for the next big crypto star. As noted, Shiba Inu is an ERC-20 token on Ethereum's blockchain. This gives it a lot more potential use cases, as the token can easily be deployed in decentralized finance applications. Not even in our lifetime. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, finish 2021 higher by a "pedestrian" 46,000,000%, virtually no chance of this lofty price target becoming a reality, Copyright, Trademark and Patent Information. To reach $0.10 shib would need to be 10trillion, aka the most valuable asset in history. These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. Nicknamed the "Dogecoin killer," many. The will shiba inu coin reach 10 cents is a question that many are asking. Is Shiba Inu Price BULLISH? Still, Shiba Inu,. The coin has also benefited from the recent resurgence of interest in cryptocurrencies, as more people seek to diversify their portfolios and take advantage of the potential for high returns. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. But more than that is needed to reach $1 due to its humongous supply. if shiba goes to 1 cent how much will i get. Shiba Inu is a decentralized cryptocurrency that was launched in August 2021. For example, it would not be so outlandish to say that a cryptocurrency with a market cap of $10 million could potentially 100x in price over a long enough time period. Like most other cryptocurrencies, Shiba Inu was greatly affected by the crypto market shock in December last year, which saw Shiba Inu fall off a month-long price rally prematurely and plunge to the current level of relatively low prices. 1 zero needs 10% of coins burned. We will concede that this answer could change dramatically in the future. The token was presented as an alternative to Dogecoin, and was sometimes referred to as the Dogecoin killer. Most probably between end of 2024 or even start of 2025. websites is a tad more optimistic. Shib coin is a new cryptocurrency that has been designed for the Shiba Inu, famous for being one of the smallest and cutest dog breeds in Japan. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. No, we don't even expect 1 cent price for Shiba Inu in 2025. What is theShiba Inu price prediction, and is the SHIBA Inu on track to reach $1 soon? The possibility of such price action taking place is theoretically impossible, given that the global GDP for all countries is just around $100 trillion. 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. Shiba Inu coin has landed on the tally of the top 10 tokens purchased by the biggest whales in the last 24 hours. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. Shibarium will also use five utility tokens to meet its objectives SHIB, BONE, LEASH, TREAT, and SHI. There is a lot of optimism within the crypto community that Shiba Inu prices will resume the climb and continue rising into the near future. Saudi Aramco is in second place with a market cap of $1.88 trillion and Microsoft comes third with a $1.75 trillion market cap. Shiba Inu has pulled off some of the most impressive price performances in the history of crypto markets. SHIB: The Metaverse and a blockchain edition of the Shiba Eternity game are two such examples of such initiatives. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. Shiba Inu (SHIB) will never reach $0.10 or ten cents. Soloway's price projections have historically been accurate. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00005546. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. As it happens, Shiba Inu first spurred these hopes when it skyrocketed by over 1,069% to its all-time high (ATH) of $0.00007924 back in late October 2021, only to drop 86.75% since then, at press time changing hands at the price of $0.00001137, as per data retrieved on March 3. Shibarium Update ? Shibarium is being established as a layer-2 blockchain to improve the scalability of Shiba Inus host chain Ethereum. The platform aims to reach a coin value of $0.00001474 by the end of 2023, which would reflect a further 19% increase to the present price. In fact, it is still very unlikely, but it is theoretically possible. Therefore, the SHIB coin is not something new. The record price represents a near doubling of the value of the Shiba. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. In 2015, Dogecoin was also worth $0.00008690. Popular meme token Shiba Inu (SHIB) is stirring up some excitement. It makes up 11.94% of their total holdings. That's 1,000 trillion. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. And that doesn't weigh in Shiba Inu's favor. This could drive the SHIB price to 1$. To get Shiba Inu (SHIB) to $0.10, the entire market value of SHIB must be $54.9 trillion multiplied by $0.10. Bitcoins price had repeatedly broken out of a long sideways movement, resulting in a 40% increase. In the best-case scenario, it projects that SHIB's price could reach $0.000270 by February 2024, accounting for the technical analysis data aggregated on February 6th. That would be a 1000% plus increase from where the Shib coin is at now, which might sound like a good opportunity to invest. Before 2021, its trading volume was extremely low, less than $1,000 on most days. Let's elaborate. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Though it has a loyal following on social media, people cheering in the stands doesn't change the fact that Shiba Inu offers no competitive advantages. A number of specific catalysts would be necessary for SHIB tokens to catapult to $0.001. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. No consumer protection. We answer this question, explore the reasons why experts believe SHIB token prices will rise in the next few months, reasons it wont reach $10 and their Shiba Inu price prediction for 2026 hereinbelow. So, it is possible for Shiba Inu also to reach 1 cent. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn ? The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $. Learn More. It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. Despite its low price per unit, Shiba Inu has surpassed 1.3 million unique addresses . 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. Shiba Inu (SHIB), a cryptocurrency project that started as a competitor to Dogecoin but which has since transformed into a veritable momentum engine, just made history by reaching a new. So, if there is a cryptocurrency bull run again and demand for Shiba Inu rises, interested buyers will have no problems with acquiring the token. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. Keep track of your holdings and explore over 10,000 cryptocurrencies. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. But we have to give credit where credit is due. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, 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. Shiba already beat top utility token that include Avalanche, Chainlink, Litecoin, Polygon and more. For the last 7 days, Shiba Inu prices have been fluctuating and trading within the $0.000020 and $0.000022 range. Initially, the project will use the SHIB token to facilitate the purchase of Shiba Lands, which are made up of NFTs. Its why they are Trillion dollar company. And why do they not believe it can hit $10 in the next 5 years? Generally, the burning mechanism for SHIB depends on its usage. Making the world smarter, happier, and richer. Here are 3 Cryptos to Buy in March 2023. If more tokens are burnt, it will increase demand as supply dwindles. With its unique 'dog-themed' design and meme-based marketing, it has attracted a loyal fan base and gained a lot of attention from investors. SHIB Burn Rate Turns Out Extremely Low In February Or you can invest in Shiba Inu or stake your holdings to earn passive income. The most you can do with SHIB tokens is transfer them from one wallet to another. Token officially listed on top tier 1 exchange including Binance, Coinbase, Huobi, FTX and others. Shibarium envisions being an ecosystem from which potential Shiba Inu projects will come up. If SHIB were to reach $0.01, it would have a market capitalization of approximately $5.89 trillion, which would be 4.6x larger than Bitcoin at its very peak. Before we get started, however, lets take a brief look at the story of the Shiba Inu project and its journey towards the top of the crypto markets. Elon musk also mentioned similar thing in different way, as they told people to focus more on product instead of farming, burning or other non-utility token. How possible is this Cardano . Its meteoric rise has made many speculate whether it could even rise higher. What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? Shiba Inu Price Prediction Shib Price is Up, Will it Continue to Climb? At a $0.10 valuation, the total market cap of SHIB will be $54.9 Trillion, which is 2.5 times of US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple (AAPL), and 55 times more than Tesla (TSLA) market cap. Shib price prediction 2030 in Indian Rupees: Shiba Inu is . Efforts are underway to burn Shiba Inu tokens to reduce supply. This coin is also called the Dogecoin Killer. Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. 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. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. But verily, it's foolish to think of Shiba Inu coin's worth $0.01, $0.10, $1 by 2025. It does not make any logical sense that SHIBs market cap can be 54 times more than that of Bitcoin, 100 times more than Ethereum, 27 times more than Apple, 2.5 times more than US GDP, or half of the World GDP. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. With an estimated 549 trillion SHIB coins still in circulation, per CoinMarketCap.com, a big burn event would be needed to pump up the value of each remaining token. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. Shibarium will also incorporate a burning mechanism in which SHIB tokens will be burned with each transaction. expected after 2030. While anything is possible in the cryptocurrency space, as SHIB has previously demonstrated, there's virtually no chance of this lofty price target becoming a reality this yearor ever. Cryptos are Consolidating! Yes, its Trillion. Will Shiba Inu Reach $1 USD? The price dropped dramatically from $0.000014 to $0.000009. That is why Bitcoin is the most popular cryptocurrency. Each offers distinct ways for stockholders to raise their investment return. Tax on profits may apply. This is a Layer 2 solution that could solve some of Shiba Inu's problems. Shibarium is a layer-2 blockchain project currently under development. Shiba 2024 Price Forecast in INR: Shib Coin is predicted to touch 0.006 by the end of 2024. When there are viral social media campaigns urging people to buy Shiba Inu in order to get SHIB to a penny or get SHIB to $1, some people dont stop to think about what that would actually entail because $0.01 and $1 seem like small numbers. 1$ SHIB Price Possible? 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. So, should you buy Shiba Inu while it's trading well below $0.01? CryptoTicker announces its first NFT Collection How to participate? The Motley Fool has positions in and recommends Ethereum. Shiba Inu will definitely reach 10 cent in 10 years alot of investors are moving in Meanwhile, major cryptocurrencies exchanges have them on their platform.. Buy and hold for the said 10 years 1 David Turner Former Litigation Partner (Ret.) Let's find out. Still, this cryptocurrency may be days away from its biggest moment ever. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. This could really drive the SHIB price in 2023.