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. 2021. Since it is an ERC-20 token, meaning it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. NEAR Protocol Price Prediction: Will NEAR reach $100? The cryptocurrency market climbed past $3 trillion in 2021 as investors piled into this exciting newish market. 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.". Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? If the Shiba Inu price increases by 30% annually it will take 25 years for Shiba Inu to reach 1 cent. That has crypto investors wondering if the. While SHIB has some great momentum at the moment, the crypto does have its limitations. About Us; Staff; Camps; Scuba. 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. This is a Layer 2 solution that could solve some of Shiba Inu's problems. 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. Therefore, if you invest $100 now in SHIB tokens, you can expect to earn $914 in the future. Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. Will Shiba Inu coin reach 50 Cents without burning Tokens? Now you might wonder what sets Shiba Inu apart from the thousands of cryptocurrencies out there? Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. 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. 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. Can Shiba Inu's Valuation Hit $10 Billion in 2023? By 2026, the number 29 will be in effect. Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? Shiba Inu will need to overcome some startling math to reach a price of $1 per token. the Shiba Inu can reach anywhere from 15. Is the Shiba Inu coin a Pump Dump scheme? Most other cryptos have a fixed supply, which is the case with Bitcoin. It is financially illogical and mathematically impossible for the Shiba Inu coin to reach $1, so we cannot help but burn the token supply. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. Unfortunately, this price seems too far as SHIB needs to gain extreme support from the community as it has no actual use cases or contribution to the crypto sphere. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. However, burning SHIB coins will remain the same price, as it will increase only by a small margin. And why it can cause Shiba 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". Shibarium would change all of that, with operations moving on to this separate network. You have no idea how the influencers promote the Ponzi tokens in reality. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. All of this is to say that it's hard to predict just how high SHIB will actually go. Its current outstanding supply is about 550 trillion tokens. With burns of 2-3% a year, this can even be faster and the market cap requirements could be much lower. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. Both are highly impractical at the moment. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. As per our current simulation, Shiba Inu is likely to reach 10 cents in 35 years. That makes it hard for demand to outstrip supply in the long term. If Shiba Inu surpasses this resistance level and holds its price above it, it can soon jump to the next price level of $0.0000167. Or you can invest in Shiba Inu or stake your holdings to earn passive income. ados.run.push(function() { The only significant difference was the creator built Shiba Inu on the Ethereum network. However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. 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. 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. Its meteoric rise has prompted many to speculate whether it could rise even higher. Shiba Inus biggest catalyst yet may be days away. Cryptocurrency is a speculative game in which nothing can be predicted with certainty. The market cap of Bitcoin which is above $20,000 is around $450 billion. Another point against SHIB reaching $1 is its supply inflation according to our data, the supply of Shiba Inu increased nearly 8% year-over-year, which makes the prospects of SHIB hitting a $1 milestone all the more unlikely. 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. Shib Price Prediction for 2022 Shiba Inu has a total supply of 1 quadrillion tokens. To hit that mark of $0.50, the crypto has to make a Sisyphean climb of 1,719,295% - a monthly growth of 28,655%. It's simply a token that runs on the Ethereum network. The biggest problem with the Shiba Inu Project is its lack of practicality. Bitcoin has numerous real-world use cases. However, due to the general decline of the crypto-currency market, this did not happen. 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. Only 1,714 businesses across the globe that accept DOGE as a form of payment. Both cryptocurrencies were inspired by Shiba Inus, a Japanese dog breed that became known for the "doge" memes that circulated around the Internet. 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. In fact, it isn't even likely to reach that milestone over the next five years. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? Here's why. This is a huge difference from its 2021 lows of $0.00000516 and . ados.run = ados.run || []; Is it legit or a scam? However, since its future (and the future of cryptos) is uncertain, nothing I say should be set in stone. They were given a large sum of money as sponsorship to promote the pump and dump coins. This was primarily due to the Dogecoin being particularly . Read our disclaimer to learn more. DoggyDAO, a decentralized autonomous organization, also shows potential. Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. The Motley Fool has positions in and recommends Ethereum. 458 votes, 259 comments. Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. Find out whether the Shiba Inu coin will reach 50 cents or 1 cent with our expert analysis. Shiba Inu has delayed the release several times over the past year. Why did the DOGE price only slightly rise? The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); The best of Crypto news & Update, in your inbox. 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. site: MoneyMorning.com, 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. So, it is possible for Shiba Inu also to reach 1 cent. Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. For $1, you could buy more than 135,000 Shiba Inu tokens. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. Required fields are marked *, Sign me up for the Money Morning newsletter. Shiba Inu Market Capitalization. Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. How Much Is 1972 Dollar Coin Value? The popular meme token soared about 45,000,000% back in 2021. 2 years from now, SHIB will reach 5 cents.that is my prediction. Core DAO Mainnet Review: Is It the Future of Blockchain? This could make Shiba Inu one of the main cryptos to explode in 2023. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. But I'm not convinced a potential gain would be lasting, and I don't recommend taking a huge position in a risky asset like Shiba Inu. It might be difficult to do. }); 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. Here are the steps to buying Shiba Inu crypto: Shiba Inu Coin is one of the most popular cryptocurrencies therefore most of the exchanges have listed Shiba Inu for trade. When it comes to crypto-currencies, price unpredictability is always a major factor. If you continue to use this site we will assume that you are happy with it. Its meteoric rise has made many speculate whether it could even rise higher. Copyright 2023 CryptoGlobally | Powered by CryptoGlobally, Sandeep Nailwal to help India during the COVID-19 pandemic, How to do Fundamental Analysis On Crypto Projects, How to Become a Crypto Millionaire [2023], What is Metis Crypto? At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. Shiba Inu has had some positive developments in 2023, including the launch of the Metaverse platform. Even coin-burning efforts may not be enough to put a dent in the supply of about 549 trillion. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. Source- Tradingview. To put that into perspective, there are more than 32 million businesses in the United States alone. If other platforms such as eToro list SHIB, then the price could continue to climb. 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. 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. Keep track of your holdings and explore over 10,000 cryptocurrencies. Keep this information in mind as you make investment decisions. Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start 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. Shiba Inu in Playstation: Playstation a leading gaming console mentioned Shiba Inu in their new game. Price Prediction For Future Investment, How To Get Out Of Your Timeshare And What You Can Do With The Savings, BitQH Review Is BitQH A Legit? If you invested in Shiba Inu coins, tell us how much you invested in the comment section below. That is a staggeringly small number in the grand scheme of things. Shiba Inu's coin supply totals 549 trillion. . If SHIB drops below this support level, it can experience a sharp decline and trade below the price of $0.000009. What is digital real estate and is it worth investing in? The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. It could even take years of sustained positive performance for that to happen. Therefore SHIB to reach 1 cent will require market more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. An anonymous person or group created these coins with the name of Ryoshi. The popular meme token soared about 45,000,000% back in 2021. This is how Shiba Inu gained popularity. You cant predict the future of a particular cryptocurrency. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. That has crypto investors wondering if the Shiba Inu coin can reach the $0.50 milestone sooner than later. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. There has been an increase of 814. Advertisement Coins. The price of one token cost $0.00000000051. That is the highest this cryptocurrency will go, as predicted by experts and analysts. Since then, Shiba Inu has had trouble keeping those dreams alive. Theoretically and statistically, its not possible to do so now. 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. Can Shiba Inu Reach $1? /* load placement for account: Money Map Press, Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. But it will take more to reach $1, due to its massive supply. Instead, this is due to several features unique to the token. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. So, should you buy Shiba Inu while it's trading well below $0.01? And that's Shiba Inu's biggest problem. 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. 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. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Its current circulating supply is about 550 trillion tokens. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Will Shiba Inu Coin Reach 50 Cents? Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. Shiba Inu quickly gained popularity due to the widespread use of the Shiba Inu image. Rather, this is due to several unique features of the token. This region, highlighted in the yellow band, has been reinforced by the 50-day EMA and the 200 . Stacks Price Prediction 2023: Will STX reach $100? The combined value of. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. This site uses Akismet to reduce spam. Shiba Inu (SHIB) will never reach $0.50 or 50 cents because it is financially illogical, mathematically impossible. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. 7 Crypto Jobs That Can Make you a Millionaire, Satoshi BTCs core Mining (App) Scam Or Legit Truth, How to Do Fundamental Analysis on Crypto Projects, 15 Easy Ways to Make Money with Cryptocurrency [2023], How to Build a Millionaire making Crypto Portfolio [2023]. We concede that this answer could change dramatically in the future. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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%. It could even take years of sustained positive performance for this to happen. In theory, if Shiba Inu ever exploded in value, this could become a fortune. That's when it soared a mind-boggling 45,000,000%. So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. The Shiba Inu Metaverse is being created, which is fantastic. His coin gained a very huge marketcap because of hype without having the actual product. Let me explain why. That abundance is part of the joke. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. Yes, it is possible for Shiba Inu (SHIB) to hit 1 cent. This is Shiba Inus starting use case. If more chips are burned, demand will increase as supply decreases. Home. Developers delayed the launch of Shibarium more than once last year. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. By the 50-day EMA and the future of blockchain this can even faster. Always a major factor safemoon price Prediction 2023, 2025 and 2030: near. 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