So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. Even with all the money in the world, SHIB's price cannot be raised to 50 cents. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. However, weve also discussed ways that Shiba Inu can increase their token utility and potentially reach a new all-time high. Our simulation suggests that Shiba Inu will hit 1 cent by 2053. Polkadot Price Prediction Today. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. Shiba Inus biggest catalyst yet may be days away. Shiba Inu coin is not a Scam. 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. Keep yourself one click away from global finance's new update with FinanceTeam.net. In this article, weve addressed the question Will Shiba Inu coin reach 50 cents? by looking at factors such as the large token supply and lack of real-world utility. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. The only significant difference was the creator built Shiba Inu on the Ethereum network. Learn More. 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%. ados.run.push(function() { However, burning SHIB coins will remain the same price, as it will increase only by a small margin. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. If other platforms such as eToro list SHIB, then the price could continue to climb. Is Shiba Inu a Good Investment? Let's find out. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. POLKADOT etc. As can be quickly deduced from the above table, the probability of the price of Shiba Inu approaching $1 at current levels of outstanding supply is simply impossible. Can Shiba Inu Reach $1? The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. They are constantly creating more and more SHIB, so the supply is always rising. Shiba Eternity, a collectible card strategy game that enables players to earn rewards, is rated quite well on Apple and Google Stores.. Shibarium, a Layer-2 blockchain is likely to be launched anytime now. And in those terms, it's been highly successful. 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. To hit that mark, SHIB would have to make a climb of 34,288%. Its time to do a fundamental analysis of that project. Shiba Inu Market Capitalization. Will Bitgert reach 1 Cent? Now you might wonder what sets Shiba Inu apart from the thousands of cryptocurrencies out there? Only 1,714 businesses across the globe that accept DOGE as a form of payment. However, many cheaper cryptocurrencies exist on the market, like Shiba Inu and DogeCoin. Who knew TerraLuna UST could crash, losing over $30 billion in market cap in just 7 days? var ados = ados || {}; Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Shiba Inu's coin supply totals 549 trillion. This could make Shiba Inu one of the leading cryptos to explode in 2023. Can Fetch.ai reach $10, $100? Shibarium Portal Launched: Shiba Inus developers have launched the Shibarium portal. Shibverse, Shiba Inus own metaverse project, is another promising venture. Therefore, if you are interested in Shiba Inu coins, keep track of their prices and trading volume daily. However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. All of this is to say that it's hard to predict just how high SHIB will actually go. So Shiba Inu doesn't look particularly exciting compared to blockchains offering a broad range of uses, such as the creation of decentralized applications (dApps) and non-fungible tokens (NFTs). Invest better with The Motley Fool. Shiba Inu is projected to witness a short-term bullish momentum soon and may skyrocket by the end of December. It was created as a joke and meant to be traded for fun. But it wasnt until 2021 that it was worth a penny. The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. 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. However, the forecast accuracy is likely to be low to moderate. 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. However, that doesn't mean that Shiba Inu doesn't have a lot of upside potential. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. With less than $7.50, you could own a million of them. VeChain Price Prediction Today, Can Polkadot Reach $1000? Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. One thing that sets SHIB apart is that unlike Bitcoin, which is designed to be scarce, it is intentionally abundant. Weve compiled a list, Introduction Do you want to build a rich, profitable crypto portfolio? When it comes to the cryptocurrency market, its current market capital rank is #14. Theoretically and statistically, its not possible to do so now. size: 550x425 - 550 x 425 */ This is because this cryptocurrency was introduced as a joke. This was a reach even in the bull market, and is extremely unlikely now. Shib could hit a penny probably a decade after if many variables go in its favor. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. These investors, often newcomers, may not understand the risks and may lose money in the short or long term. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. This does not mean it is a certainty. While Dogecoin has a. 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. Sun Token Price Prediction 2023, 2025 and 2030: Can SUN Reach $1? Then the price of 1 coin will reach 1 cent. By the end of 2021, it had an all-time high of $0.00008. Things can change very quickly in the crypto industry. Shiba Inu supporters even claim it is a Dogecoin killer. with regard to the token burning mechanism, but first, it must reach 1 cent. 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. Investors also can stake their holdings to generate passive income. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. It has the potential to change Shiba Inu Hodlers life if the team creates token utility within the metaverse, such as buying and selling NFT, land using Shib tokens, and the Play to Earn concept. At the time, a $100 investment netted a huge . As analyzed earlier, this will depend on the Shiba Inu Burn, the Implementation of Shiba Inu Plans, and the sustenance of the community. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. In 2015, Dogecoin was also worth $0.00008690. Shib burn can help boost the tokens price. However, trading experts believe that all joke cryptos will die out and be replaced by more prominent cryptos in the market. Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? And that's Shiba Inu's biggest problem. There are many ways to do it! In 2015, Dogecoin was also worth $0.00008690. Some, like Ethereum, even burn their supply over time. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. In theory, if Shiba Inu ever exploded in value, this could become a fortune. Shiba Inu isn't a blockchain. Why is this such a big deal? Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. 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. . 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 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, 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. Nowadays, cryptocurrency is a game of speculation. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. Developers delayed the launch of Shibarium more than once last year. First, a little background on Shiba Inu's path so far. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Vitalik burned most of his Shiba Inu coins and sent $1 billion in Shiba tokens to Polygon founder Sandeep Nailwal to help India during the COVID-19 pandemic. And it only gets worse for Shiba Token. The winning cryptocurrencies likely will stand out from the crowd. In fact, it is still very unlikely, but it is theoretically possible. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. The combined value of. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either. Debamalya is a professional content writer from Kolkata, India. Adria Cimino has positions in Ethereum. Bitcoin also appears to have bottomed out near $19,000. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. He loves spending time with his cats, along with playing every new PC action game as soon as possible. DisclaimerAll articles published on Coinmash are strictly for informational purposes only. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu over the past seven days, and as meme coins, both tokens have had similar price performances. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. However, due to the general decline of the crypto-currency market, this did not happen. Investors are expecting the SHIB price to touch $0.5 sooner or later. If you continue to use this site we will assume that you are happy with it. 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. This is a big deal in enhancing the intrinsic value of Shiba Inu. The crypto is primarily a payment token running on Ethereum. Your email address will not be published. As per our current simulation, Shiba Inu is likely to reach 10 cents in 35 years. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. Shiba Inu burn and whale action are also essential factors in determining the price of Shiba Inu. This solution, Shibarium, should strengthen this popular meme token and could boost its value. 2 years from now, SHIB will reach 5 cents.that is my prediction. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. There's also a bit of the past repeating itself at play here. crypto that will reach 1 cent. Constantly improving himself in this industry for more than three years, he has amassed immense knowledge regarding his niches of writing tech and gaming articles. This could be similar to the run of Dogecoin itself. In fact, it isn't even likely to reach that milestone over the next five years. Shiba Inu has delayed the release several times over the past year. However, since the crypto market is so volatile, nothing can be set in stone. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. However, forecasts expect prices to break above current all-time highs as early as 2025. It might be difficult to do. Will Shiba Inu coin reach 50 Cents without burning Tokens? Stacks Price Prediction 2023: Will STX reach $100? Shiba Inu gave back some of. 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. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. 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. Here are a few popular exchanges where you can purchase Shib: Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. | Crypto Trading Guide For 2023. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. 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. In general, the burning mechanism of SHIB depends on its use. 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. When the Shiba Inu Metaverse lands become popular, the price of the Shiba Inu coin will rise to an all-time high. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. 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. Home. 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]. 5 Ways to Beat the Fed (and Crush Inflation), The Government Is Pouring $391 Billion Into These Stocks - Buy Now, Do Not Sell or Share My Personal Information. The RSI-14 indicator is also hovering around a bullish zone as it makes an exponential rise to a level of 64. Burning the SHIB token is a way to reduce the total supply. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? According to CoinMarketCap, Shiba Inu is currently trading at $0.00001289 with an uptrend of 2.05% from yesterdays price. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Released in 2020, Shiba Inu coins first grew in popularity. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. 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. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. Whales have played a significant role in boosting the price of Shiba Inu in the past. The current price of SHIB (November 2022). It could even take years of sustained positive performance for this to happen. In addition to the golden cross, Shiba Inu price seems ready to uphold confluence support around $0.00001210. Therefore, Shiba Inu will not be a good investment choice. Than just a meme-his coin near $ will shiba inu coin reach 50 cents bit of the leading cryptos to explode in 2023 years sustained! 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