That would be a near 620% increase from where the Shib coin is . Above prediction is based of average performance of shiba inu from past 6 months. Initially, there were 1000 Trillion SHIB (1 Quadrillion), but around 451 Trillion has been locked away or burned forever. Perhaps no cryptocurrency is more responsible for setting the bar high -- at least when it comes to one-year returns -- than meme coin Shiba Inu (SHIB). Despite its parabolic price jumps in the last few months, reaching $10 will be an uphill task. This makes it a hard sell to serious crypto investors, which in turn makes it hard for it to outlast the current hype and grow its worth above a penny. It's going to take some time but 50 mill shib at 1c,5c,10c,50c or $1 per t. Click here to watch the talks of the amazing Berlinverse speakers. The creator of Shiba Inu is known under the pseudonym Ryoshi. #SHIBA is a popular coin with a. Dogecoins current supply is 132 billion coins, with about 5 billion new coins being added per year. Learn More. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. 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. The Shiba Inu coin price rose by 5% on the day, and it continued to increase as NowPayments also incorporated the coin as a payment channel for e-commerce platforms. (. What are Shiba Inu coin price predictions for 2040 and 2050? Most probably between end of 2024 or even start of 2025. $1 means almost 1803651% up from price $0.00005544 USD. The crypto market is undoubtedly optimistic that Shiba Inu token prices will rise again and possibly reach new heights within the next 5 years. To get Shiba Inu (SHIB) to $0.10, the entire market value of SHIB must be $54.9 trillion multiplied by $0.10. Cryptoasset investing is highly volatile and unregulated in some EU countries. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. The reason is Shiba Inu belongs to a controversial niche with no real use-case. In January 2022, NFT trading volume totaled $17 billion. But we have to give credit where credit is due. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. 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. The Shiba Inu project will reach a price of ten cents by 2024, based on the growth of the . The first thing to understand about digital currencies is that there aren't many tangible catalysts for investors to wrap their hands around. Is Shiba Inu Price BULLISH? Gaming doesn't look as if it's going to differentiate Shiba Inu, either. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? 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. It's certainly not impossible; but it'll need a lot of help to get there. In this article, we look at 3 cryptos to buy , Is it still worthwhile to invest in Solana after the FTX scandal and the recent crashes? Named after the quirky breed of Japanese hunting dogs, Shiba Inu Coin ( SHIB-USD) has surged from $3 billion in market cap to over $30 billion in the span of a few weeks. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . Over the past nine months, only 56 new merchants have come to accept Shiba Inu as payment on Cryptwerk. While $0.001 might be a target SHIB holders like to dream about, it's far likelier Shiba Inu gets sent to the doghouse in 2023. Most meme coins have a very large circulating supply, which results in a low price per unit. Crypto experts are optimistic that the price of Shiba will further increase in 2022. However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. It could happen if enough SHIB token is burnt. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. Right now, Shiba Inu trades for a fraction of a cent. The. While Dogecoin has a. Adria Cimino has positions in Ethereum. Secondly, analysts are conscious of the impracticality of the price leap that Shiba Inu needs to make if it is to reach $10 by 2026. This would represent a 32.18% price increase for SHIB in the next 5 days. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. Nonetheless, the price has been reduced even further. The volatility and momentum associated with digital currencies have led to some truly jaw-dropping gains. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. This is impractical. The crypto is on the rise this year, with a gain of 64% so far. Shiba Inu was launched in August 2020 without much fanfare. Trillion is correct. This gives it a lot more potential use cases, as the token can easily be deployed in decentralized finance applications. SHIBA INU recorded 15 green days in the last 30 days. How will Shiba Inu Perform in Q1 of 2023? This News Confirms. The purpose of Shibarium is to drastically reduce transaction fees. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. Let's elaborate. While Ethereum's network is highly trusted, it has a tendency to bog down due to its popularity. Shiba Inu Price Prediction Shib Price is Up, Will it Continue to Climb? Its why Bitcoin is the largest cryptocurrency. While the answer to will Shiba Inu reach 1 dollar is likely a "No," the possibility of the coin reaching 1 cent is much higher than $1 dollar of 50 cents. So it is essential to research any cryptocurrency before you decide to invest in it. Long-term, a currency has no intrinsic worth. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. If youre interested, check out our list of the meme coins that could be the next to explode. Regrettably, such statements are not just deceptive; they are also harmful to us, the retail investors. The Next Shib? Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. The crypto market always moves step by step with a full of context. What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? The following are the advantages: While most crypto users are already aware of SHIBs meme token, it is trying to expand beyond its preliminary public image, with a rising community that includes a DEX, NFT, and a game influenced by Shiba Inu. Let's take a closer look. Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. Shiba Inu is one of the most popular cryptocurrencies out there. Before 2021, its trading volume was extremely low, less than $1,000 on most days. With the hype around Dogecoin, other meme coins enjoyed some interest. At that kind of size, even a 2x price increase would have required a massive amount of capital to flow into SHIB. Over the past 24 hours, Shiba Inu has experienced a decline of 0.12%. At its peak on Oct. 27, a single SHIB token set investors back $0.00008841. This does not mean it is a certainty. And while the pressure on Bitcoin - which was the epicentre of the shock - has cooled down. Check outGoCharting! Dogecoin was developed in 2013 as a comical spin on the then-emerging trend of cryptocurrencies - whereas Shiba Inu was developed in 2021 as a "meme coin" that was a rival to Dogecoin. Instead, this is due to several features unique to the token. 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. In fact, it offers a lot less in some cases. Nevertheless, rumors have been swirling on social media that this public test is coming relatively soon. Today, most do not expect Shiba Inu prices to even come close to $1 by 2030. Are You Bored with Shiba Inu? When will Shiba Inua Coin reach a penny? Though Ethereum founder Vitalik Buterin was able to burn over 410 trillion SHIB coins in 2021 -- Shiba Inu's founder gifted roughly half of SHIB's 1 quadrillion token supply to Buterin -- future burn events won't come anywhere close to this level. Well explain why SHIB will never achieve 10 cents in this essay. Although it eventually pulled back to finish 2021 higher by a "pedestrian" 46,000,000%, Shiba Inu enthusiasts still believe it can reach $0.001 (one-tenth of a penny). Because of the nature of these coins, this is the case. Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. Shiba token burning program protocol has changed, as initially token was transferred to Ethereum founder wallet. Shiba Inu isn't a blockchain. Following the massive drop, the price has gradually returned to normal. 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. As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. As noted, Shiba Inu is an ERC-20 token on Ethereum's blockchain. Here's what the prospects look like for SHIB as it struggles to reach the one cent mark. Will Shiba Inu prices rise again? That'd be bigger than all but five publicly traded companies in the United States and would make no sense given SHIB's complete lack of utility. However, this doesnt mean that its impossible for the SHIB price to grow. Let's find out. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. The currency will be used to pay for items on doggi.shop, which sells all sorts of handmade products from traditional Japanese crafts such as gifts and stationary to modern designs like bags and jewelry made with Shib coins themselves. websites is a tad more optimistic. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. If more tokens are burnt, it will increase demand as supply dwindles. expected after 2030. As a result, the price per token is extremely lowat the time of writing, 1 SHIB is only worth $0.00001110. Crypto asset investing is highly volatile and unregulated in some EU countries. 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. One of the common searches and questions is if SHIB can reach 1 cent. Shiba Inu Traded Volume SOARS! We can expect 1 cent mark probably in year 2022. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Shiba token manages continue its bull run in every market situation, whether it is bullish, bearish and neutral sentiment. Moreover, it has extended to include tokens such as LEASH, BONE, TREAT, and SHI, which serve numerous purposes in the environment. Shiba Inu Price Prediction: SHIB/USD Weekly chart showing the price GoCharting. SHIB or DOGE: Is Shiba Inu better than Dogecoin in 2023? Why the sudden change of heart, though? The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. Cost basis and return based on previous market day close. 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. We also can see that we will get Shiba Inu at a cheaper rate than what is now. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. This sparked a cryptocurrency rally. In addition, the SHIB burn rate in February has fallen short of expectations, which is likely to reinforce bearish sentiment. This is a . It would be worth more than the entire cryptocurrency market today. To add to this list, coin burn is unlikely to provide the benefit SHIB holders expect or hope for. With momentum playing such a key role for digital currencies, the fear of missing out (FOMO) would be important. The whole cryptocurrency market cap, including all coins and tokens, is less than $2 trillion. Nimiq (NIM) Coin Price Prediction 2023, 2025, 2030, 2040, 2050, Xswap (XSP) Coin Price Prediction 2020, 2021, 2025, 2030, Pi Network Price Prediction 2023, 2025, 2030, 2040, 2050, Bittorrent (BTT) Coin Price Prediction 2023, 2024, 2025, 2030, 2050, Cardano (Ada) Price Prediction 2023, 2025, 2030, 2040, 2050, Bitcoin SV (BSV) Price Prediction 2023, 2024, 2025, 2030, 2050, Maker (MKR) Price Prediction 2023, 2025, 2030, 2040, 2050. Top 10 Meme Coins That Could Skyrocket In 2023. The hype surrounding Shiba Inu ( SHIB) is still there amid ongoing discussions on whether it faded away or not due to recent on-chain metrics. And there is never an accurate answer to the price action and direction that Shiba Inu, or any other cryptocurrency for that matter, will take in the future. 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. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. To Shiba Inu (SHIB) reach $0.10, the total market cap of SHIB has to be 549 Trillion x $0.10 = $54.9 Trillion. For more context on why its so unlikely anything could boost SHIB to a penny, lets take the example of Bitcoin. . Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. From there also . How high can , The trend of the crypto market is currently up. If the cryptocurrency market enters another bull run, SHIB could very well be one of the meme coins to explode. Meme coins like Dogecoin and Shiba Inu Coin were particularly popular. Elon musk recently asked to reveal how much he holding Shiba token and he replied none. Being an emotional investor will cloud our judgment and will lead us to make terrible money decisions. Conservative Prediction: Can Shiba Inu reach $1 in 2023? SHIB, on the other hand, is a currency rather than a commodity. SHIBs entire market value will be $54.9 trillion at a $0.10 valuation, which is 2.5 times more than US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple Inc. (AAPL), and 55 times more than Teslas (TSLA) market cap. So today, its uses are limited. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. Is it possible for the coin to reach one cent? It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Read Also: Is Shiba Inu (SHIB) Worth Buying? Clearly, SHIB-USD has come a long way since its. the 1-month volatility of the coin is at 5.26. On the Ethereum network, SHIB is a monetary token. This is a Layer 2 solution that could solve some of Shiba Inu's problems. It's always traded at a fraction of a cent -- and for good reason. Shibarium envisions being an ecosystem from which potential Shiba Inu projects will come up. SHIB, on the other hand, is a cryptocurrency based on ERC20 tokens. Can SHIB double again? When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. From trough to peak, a $1 investment in Shiba Inu would have (briefly) made you a millionaire in 2021. Overall, the Shiba Inu price was lower after the crash than it had been earlier. It means the Shiba Inu (SHIB) coin does not have any independent mining network. we have seen shiba in the list of top gainers crypto on Coingecko and CoinMarketCap tracking platform. Making the world smarter, happier, and richer. It is to outpace Dogecoin and beat its market capitalisation even if the SHIB token prices remain under a penny. Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record, Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit, How to Buy Decred (DRC) in 2021 [Step-by-Step Buyers Guide]. However, SHIB is an ERC20 token-based cryptocurrency. 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. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. You might actually LOVE this Answer! Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $0.000028 by December 2025. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. Token officially listed on top tier 1 exchange including Binance, Coinbase, Huobi, FTX and others. Instead, you should be considering the coin or tokens market capitalization, as thats what will actually allow you to get an idea of how it compares to other crypto assets in terms of size. A number of specific catalysts would be necessary for SHIB tokens to catapult to $0.001. 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. SHIB at. We will concede that this answer could change dramatically in the future. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. Developers delayed the launch of Shibarium more than once last year. Therefore, according to simple reasoning, the SHIB coin will never even reach a valuation of $0.10 or 10 cents. Cryptos are Consolidating! Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. Input your search keywords and press Enter. The answer to this question is no, it will not reach 10 cents. At the time of writing, Apple is the worlds most valuable company, with a market capitalization of about $2.14 trillion. Investors were looking for the next big crypto star. As of this writing, there's no set date for when Shibarium will be beta-tested in public view. At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. Despite the fact that SHIB is identical to other ERC20 token currencies, the community is what sets it apart. With the launch of Shibarium, just about all SHIB transactions that occurred previously on Ethereum will now take effect on Shibarium. Ensuring that transaction fees are negligible is critical to getting this NFT marketplace and blockchain-based gaming off the ground. 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. Coin Price Forecast predicts Shib will trade at $0.00004266 at the end of 2022. By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. SHIB, which exists as an ERC-20 token on the Ethereum blockchain, has more than 1.2 million holders. 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. In recent weeks, theShiba Inu coinhas seen significant price fluctuations. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. The Motley Fool has a disclosure policy. Even though weve hopefully demonstrated that you shouldnt expect SHIB to ever reach 1 cent, that doesnt mean that there isnt any potential upside for Shiba Inu. It was met with much skepticism after traders witnessed the massive rise and steep decline of Dogecoin who came before the Shiba Inu coin. Although it eventually pulled back to finish 2021 higher by a "pedestrian" 46,000,000%, Shiba Inu enthusiasts still believe it can reach $0.001 (one-tenth of a penny). Invest better with The Motley Fool. 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. In other words, it removes coins from the circulating supply and, in theory, makes each remaining token that much more valuable. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. Shiba Inus biggest catalyst yet may be days away. 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. Will Shiba Inu Reach $1 USD? While on our last post we wanted to remind everyone that BONE ? LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. Bitcoin, Dogecoin is a standalone cryptocurrency. But it might reach 1 cent after some years of token burns and deflationary mechanics. serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn ? Efforts are underway to burn Shiba Inu tokens to reduce supply. In fact, it is still very unlikely, but it is theoretically possible. They have alluded as much on the official Shiba Inu website stating that Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. The token is trading 87% down from its all-time high price, so people buying SHIB at current price levels are truly buying the dip. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. Currently trading at $0.000020, the, For starters, it has no real value. Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. Despite Ethereums recent move to aPoS network, transaction speeds are still yet to drastically improve. Independent miners worldwide run thousands of mining computers (rigs) to keep the network alive and running. Even during SHIBs all-time high in October 2021, when the token was trading at $0.0000881, SHIB would have needed to increase in price by 113x to hit a price of $0.01. Other projects being worked on by the Shiba Inu team include the ShibaSwap decentralized exchange, the Shiboshis NFT collection and SHIB: The Metaverse. 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. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. Unfortunately, developers have stated that technical issues delayed the public beta test of Shibarium. If youre a speculator, you can sometimes leverage this to your advantage. In 2015, Dogecoin was also worth $0.00008690. It defies logic that SHIBs market value is 54 times more than Bitcoins, 100 times greater than Ethereums, 27 times greater than Apples, 2.5 times greater than US GDP, or half of global GDP. The Motley Fool has a disclosure policy. As a result, Crypto traders are keeping an eye on. The price dropped dramatically from $0.000014 to $0.000009. What would it take for. However, price predictions are not set in stone, as market conditions can change radically. But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? The price of SHIB soared from 0.00001 to 0.000014 US dollars. This is a huge difference from its 2021 lows of $0.00000516 and market cap of under $1 billion. As per the current Shiba Inu coin price prediction 2025, SHIB can reach a value of $0.0028 per coin by 2025 month end. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. According to our SHIBA INU price prediction, SHIB is expected to reach a price of $ 0.000016 by Mar 07, 2023. Shiba Inu, a new Dogecoin-inspired cryptocurrency launched last August, has now formed ties with crypto.com, the world's largest cryptocurrency exchange. Nicknamed the "Dogecoin killer," many. Sometimes, we refer to such cryptocurrencies as penny cryptos. That is why Bitcoin is the most popular cryptocurrency. Its why theyre a multibillion-dollar corporation. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. While the coin first dipped by over 94% in its first year of trading, the price of Shiba Inu exploded in 2021, recording a massive 43,220,000% growth and hitting an all-time high of $0.00008819 in October 2021.