The Motley Fool has a disclosure policy. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. Will Shiba Inu Reach $1 or 50 cents? But some sources say Shibarium beta could launch as soon as next week. Will Shiba Inu reach 50 Cents? 458 votes, 259 comments. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. 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. Find out whether the Shiba Inu coin will reach 50 cents or 1 cent with our expert analysis. It could happen if enough SHIB token is burnt. And that doesn't weigh in Shiba Inu's favor. This growth can occur only if there is an active burn program. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Shib could hit a penny probably a decade after if many variables go in its favor. 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. However, since the crypto market is so volatile, nothing can be set in stone. About Us; Staff; Camps; Scuba. Highly Unlikely. Its current circulating supply is about 550 trillion tokens. Fetch.ai Price Prediction 2023, 2025 and 2030, Will VeChain reach $1, $10? The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. That's because much of its rise is spurred on by hype. If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. The tweet has caused a lot of Shiba Inu (SHIB) enthusiasts to become excited. In the two-month stretch between June 18, 2022 and Aug. 18, 2022, SHIB has more than doubled in value to nearly $0.000015. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. 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, since then, its prices have dropped considerably (by almost 200%). However, since its future (and the future of cryptos) is uncertain, nothing I say should be set in stone. The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. Will Shiba Inu Coin Reach 50 Cents? Therefore SHIB to reach 1 cent will require market more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies. This could make Shiba Inu one of the leading cryptos to explode in 2023. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. If you invested in Shiba Inu coins, tell us how much you invested in the comment section below. Regarding the total number of SHIB coins circulating the market, 590 Trillion SHIB coins exist. 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. Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? Whales have played a significant role in boosting the price of Shiba Inu in the past. Since then, Shiba Inu has had trouble keeping those dreams alive. This ostensibly helps push prices higher. 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. We also can see that we will get Shiba Inu at a cheaper rate than what is now. VeChain Price Prediction Today, Can Polkadot Reach $1000? Considered one of the best shitcoins, Shiba Inu was launched on August 1, 2020. This led to Shiba Inu price fall by nearly 7%. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. It may not even reach one cent. Only 1,714 businesses across the globe that accept DOGE as a form of payment. Let me explain why. Shib burn can help boost the tokens price. Things can be line people will pay less or even no attention to meme typed coins in 2025. Shiba Inu has a maximum supply of 1000 trillion tokens, and 400 trillion tokens have been burned, which is a very high number, so the team needs to burn more tokens on a consistent basis on the specified timeline in order for the price to rise.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'cryptoglobally_com-banner-1','ezslot_2',114,'0','0'])};__ez_fad_position('div-gpt-ad-cryptoglobally_com-banner-1-0'); Will Shiba Inu Coin reach 50 cents after building their metaverse game? Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? Making the world smarter, happier, and richer. Therefore, it is essential to research any crypto-currency before deciding to invest in it. But that doesn't mean Shiba Inu will even come close to replicating those gains. But its always advised to practice caution while you are doing so. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. Or to contact Money Morning Customer Service, click here. If you want to know the answer to this question, keep on reading. If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. In fact, it is still very unlikely, but it is theoretically possible. Will Shiba Inu reach 50 Cents? Of course, Shiba Inu, trading at a fraction of a cent, still could rise enough to deliver a decent gain to investors who take a massive stake in the token. February 27, 2023 alexandra bonefas scott No Comments . At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. 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. The token was developed as an "experiment in decentralized spontaneous community building," according to its whitepaper. It is not a scam, it just has no utility. Sun Token Price Prediction 2023, 2025 and 2030: Can SUN Reach $1? And in those terms, it's been highly successful. Invest better with The Motley Fool. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. .setZone(136136); SHIB rose by over 85,000,000% within a year and hit its all-time high on October 28, making itthe most prominent example of a monumental bull run in crypto in recent years. That makes it something of a joke inside of a joke. 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. Shiba Inu, or SHIB, is a decentralized cryptocurrency that is starting to gain mainstream attention due to its affiliation with the popular Dogecoin (DOGE). Comment on This Story Click here to cancel reply. }); 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. The only significant difference was the creator built Shiba Inu on the Ethereum network. 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. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. Shiba just has too many coins to mean anything. Efforts are underway to burn Shiba Inu tokens to reduce supply. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. *using 550 trillion SHIB in circulation as a base. Its name is based on the Shiba Inu dog from Dogecoin, and they both have similarities. Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. The popular meme token soared about 45,000,000% back in 2021. 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. By the end of 2021, it had an all-time high of $0.00008. And that's Shiba Inu's biggest problem. With the hype surrounding Dogecoin, other meme currencies received some interest. There has been an increase of 814. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); The best of Crypto news & Update, in your inbox. This does not mean that it is a certainty. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. If the Shiba Inu team implements those effectively, the prediction accuracy will improve. Even hitting $0.01 might be tricky for the crypto. Similarly, the total trading volumes dropped more than . Development plans are critical to Shiba Inus growth. But despite this drastic climb higher, the crypto isn't going to hit $0.50 anytime soon. Keep this information in mind as you make investment decisions. Your email address will not be published. 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. size: 550x425 - 550 x 425 */ As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. Many cryptocurrency experts predict the value of the Shiba Inu in 2023, but it is not guaranteed, so be careful. Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. Can Shiba Inu Reach $1? This amount of market cap is virtually impossible to reach. The more it is used for transactions, the higher the burn rate. Shiba Inu gave back some of. How Much Money Do You Need To Start Investing? Making the world smarter, happier, and richer. Even coin-burning efforts may not be enough to put a dent in the supply of about 549 trillion. When it comes to crypto-currencies, price unpredictability is always a major factor. Either way, Shiba Inu is one of the best sub-1 cent cryptos to buy, thanks to its vibrant ecosystem and robust community. This could be similar to the run of Dogecoin itself. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. They should include some real-world examples. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. 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. Theoretically and statistically, its not possible to do so now. The winning cryptocurrencies likely will stand out from the crowd. Even this won't guarantee millions. site: MoneyMorning.com, CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. But it wasnt until 2021 that it was worth a penny. 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. Shiba Inu has delayed the release several times over the past year. 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. That doesn't allow for appreciation since there is always some more in circulation than those who demand it. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. Things can change very quickly in the crypto industry. It would be worth more than the entire cryptocurrency market today. Or you can invest in Shiba Inu or stake your holdings to earn passive income. POLKADOT etc. The real question is what are the 3-4 factors that could drive Shiba Inu towards 1 Cent, Here is why Dogecoin is better than Shiba Inu, To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. According to The Sun, the currency has not. Learn how your comment data is processed. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. According to our Shiba Inu technical analysis, it has been on a bearish trend since the crypto market crash in May, which plunged several cryptocurrencies to the bottom level in price. The more it is used for transactions, the higher the burn rate. If you are a beginner or non-technical person and dont know, Do you want to make money with cryptocurrency in 2023? And it only gets worse for Shiba Token. DisclaimerAll articles published on Coinmash are strictly for informational purposes only. That makes it hard for demand to outstrip supply in the long term. Burning the SHIB token is a way to reduce the total supply. Read More: How Much Is 1972 Dollar Coin Value? Investors were looking for the next big crypto star. So then, why did SHIB jump so drastically recently? With burns of 2-3% a year, this can even be faster and the market cap requirements could be much lower. Investors also can stake their holdings to generate passive income. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. 1 Million Shiba Inu will be worth $10,000 if Shiba Inu hits 1 cent, 1 Million Shiba Inu will be worth $100,000 if Shiba Inu hits 1 cent. However, once Shiba Inu implements many of the proposed plans, it is likely that Shiba Inu will reach 1 cent very soon. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. Required fields are marked *, Sign me up for the Money Morning newsletter. However, Bitcoin has strong fundamentals. However, weve also discussed ways that Shiba Inu can increase their token utility and potentially reach a new all-time high. Our experts who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. From that past September to early October, the cryptocurrency gained 320% and pushed its way into the top 20 best-performing cryptos. However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. But there is some good news ahead. Shiba Inu has a very large supply, which is why the team needs to create a burning mechanism to burn tokens on a continuous basis. Bitcoin has numerous real-world use cases. However, due to the general decline of the crypto-currency market, this did not happen. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. The result was a jump of 2,436% in just a few days. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. A cryptocurrency expert has analyzed the Shiba Inu price and its fluctuations over the past few years. Also, developing more utility for the Shiba Inu coin will help its value. Generally, the burning mechanism for SHIB depends on its usage. 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. 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. DoggyDAO, a decentralized autonomous organization, also shows potential. Learning how to invest $100 make $1000 a day is better. That is a staggeringly small number in the grand scheme of things. 29%. Will Shiba Inu reach 1 cent? It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. All rights reserved by Redhatmedia. 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. Buying, trading, or selling cryptocurrencies should be considered a risky investment, and each reader is advised to exercise due caution before making any decision. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. However, that has yet to reflect in the coin price as Shiba Inu (SHIB) currently has a value of $0.00001302, a decrease of 0.93% in the past day. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Many people think of Shiba Inu as an alternative to Dogecoin. Is it legit or a scam? Latvian Parliament declares Russia a "country sponsoring terrorism". What is Bonk Meme 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. 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. This solution, Shibarium, should strengthen this popular meme token and could boost its value. Recently Playstation mentioned Shiba Inu in its new game Humanity which allows players to take the character of a Shiba Inu dog and save humanity after the global population has lost their souls and willpower. He loves spending time with his cats, along with playing every new PC action game as soon as possible. This means if Shiba does reach even 1 cent, its market cap will be larger than that of BTC. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. The world doesnt even have enough money to push the price of SHIB to $1. 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. Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? Here's the bottom line 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. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. ados.run = ados.run || []; By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. When he is not writing, he is looking to meet new people. The EMA-100 and EMA-200 are trading in bullish territory, hinting at a further upward momentum for Shiba Inu. The cryptocurrency sank along with the general market last year. Shiba Inu really . After that, its price plummeted to new lows and is lowering. This is higher than the previous zenith of $0.00003791 recorded back in May 2021. 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. . 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. 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. Therefore, Shiba Inu will not be a good investment choice. Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. 2021. To make the world smarter, happier, and richer. But will the gains last and help lift Shiba Inu to $0.01? Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. Is Telcoin A Good Investment? The Bollinger bands upper limit is at $0.000014, which is a strong resistance level for SHIB. Your email address will not be published. FinanaceTeam.net is an enthusiastic platform that covers everything from the global finance sectors. Will the Shiba Inu coin reach 50 cents? The answer is, not much. This amount of market cap is virtually impossible to reach. 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. The crypto is on the rise this year, with a gain of 64% so far. The market cap of Bitcoin which is above $20,000 is around $450 billion. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there.

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