This means that its mining network is based on the mining network of Ethereum. 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. In addition, its an Ethereum-based token, referred to as ERC20. Is it legit or a scam? In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. Shiba Inus metaverse is being built by the team. 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". In this article, well discuss Shiba Inus prospects of hitting major price milestones and explore SHIBs price predictions. When it comes to crypto-currencies, price unpredictability is always a major factor. That's when it soared a mind-boggling 45,000,000%. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? the Shiba Inu can reach anywhere from 15. The crypto has already gained 25,000,000% overall in the past year for an average monthly growth of 2,000,000%. 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. Home. Even coin-burning efforts may not be enough to put a dent in the supply of about 549 trillion. Shiba Inus biggest catalyst yet may be days away. It may not even reach one cent. Instead, you're better off investing in a variety of solid stocks and strong cryptocurrencies that stand out from the crowd. Follow these beginner-friendly strategies for making huge profits and passive, Will Shiba Inu Coin Reach 50 Cents in 2023? Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Generally, the burning mechanism for SHIB depends on its usage. Will Shiba Inu coin reach 50 Cents without burning Tokens? It could even take years of sustained positive performance for that to happen. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. By doing a fundamentalanalysis, you can find the best crypto project. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. Numerous Development Plans some of which have already been rolled out. Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. Rather, this is due to several unique features of the token. With less than $7.50, you could own a million of them. Additionally, try to see its price graph. The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch. Algorand Price Prediction 2023-2030: Will Algorand hit $100? The only significant difference is that the creator built Shiba Inu on the Ethereum network. Popular meme token Shiba Inu (SHIB -0.62%) is stirring up some excitement. Given that the main target of the Shiba Army is to push the price of Shiba Inu to 1 cent. Read Here, Before we do the simulation, here are some facts. Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. Shiba Inu burn and whale action are also essential factors in determining the price of Shiba Inu. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. This means if Shiba does reach even 1 cent, its market cap will be larger than that of BTC. Save my name, email, and website in this browser for the next time I comment. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. But the real question is what is the best way to buy Shiba? 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. 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. In addition to the golden cross, Shiba Inu price seems ready to uphold confluence support around $0.00001210. SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. 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. With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time 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. 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. Free Crypto Tax Calculator USA, UK, India, Canada, and more! Write by: . Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Therefore, it is possible that Shiba Inu will also reach 1 cent. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. NEAR Protocol Price Prediction: Will NEAR reach $100? 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. In fact, it is impossible to predict the price of an asset 40 years from now. Elizabeth II's eight grandchildren stand vigil guard around their grandmother's coffin. However, price forecasts are not set in stone, as market conditions can change dramatically. But why is it so? Adria Cimino has positions in Ethereum. You can only speculate. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. The crypto is on the rise this year, with a gain of 64% so far. A Best Crypto project develops a solution for the blockchain industry, but the starting purpose of the Shiba Inu is to kill another meme coin. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. | 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. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. Theoretically and statistically, its not possible to do so now. 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. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. The only significant difference was the creator built Shiba Inu on the Ethereum network. Is Shiba Inu a Good Investment? Then the price of 1 coin will reach 1 cent. While there are a few cases of Tokens rising 32279 times, in reality, such rises are rare, Now, there is no category that would gain at 30% per annum for 40 years in a row. Shiba Inu will not reach 1 cent by 2025 because to reach 1 cent Shib coin will have to reach a market cap of 1 Trillion (2 Times Apple) in 3 years or burn 90% of all SHIB coins in the next 3 years. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. There are many ways to do it! The result was a jump of 2,436% in just a few days. 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. To make the world smarter, happier, and richer. The biggest risks are government regulation, poor execution of Shiba Inu plans, and general deterioration in the macroeconomy. is required to be around $5.5 trillion. Coingate, Bugatti, and VISA are some of the companies Shiba Inu has partnered with to expand its reach. They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. crypto that will reach 1 cent. February 27, 2023 alexandra bonefas scott No Comments . However, even a small token burn can affect the tokens price. At a $0.50 valuation, the total market cap of SHIB will be $274 Trillion, which is 14 times of US GDP, 3.5 times of World GDP, 274 times more than Bitcoin, 550 times more than Ethereum, 137 times more than Apple (AAPL), and 274 times more than Tesla (TSLA) market cap. Solana Price Prediction Today. Shiba Inu's (SHIB) price prediction. Read More: How Much Is 1972 Dollar Coin Value? Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. Also, only a few SHIB coins are in circulation, decreasing its overall usage and demand in the market. It's hard to say if it will ever break $1. The combined value of. That's when it soared a mind-boggling 45,000,000%. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. But there is some good news ahead. However, price predictions are not set in stone, as market conditions can change radically. Cryptocurrency is a speculative game in which nothing can be predicted with certainty. But it could reach 1 cent after a few years of symbolic burns and deflationary mechanics. At the time of writing, Shiba Inu's SHIB coin is trading at $0.00003982. The current price of SHIB (November 2022). /* load placement for account: Money Map Press, That is a staggeringly small number in the grand scheme of things. Soloway's price projections have historically been accurate. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) The most critical of them is the widespread acceptance of Shib because of the wide variety of use cases. With the hype around Dogecoin, other meme coins enjoyed some interest. Similarly, the total trading volumes dropped more than . Will Shiba Inu Coin Reach 50 Cents? Your email address will not be published. Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. It may not even reach one cent. We use cookies to ensure that we give you the best experience on our website. Most other cryptos have a fixed supply, which is the case with Bitcoin. 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. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Both cryptocurrencies were inspired by Shiba Inus, a Japanese dog breed that became known for the "doge" memes that circulated around the Internet. By the end of 2021, it had an all-time high of $0.00008. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Shiba Inu is up over 300% in less than a month. 2021. However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. Whales have played a significant role in boosting the price of Shiba Inu in the past. 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. At the time of writing, the forecasted SHIB price one year from now is $0.0000354, which would represent an increase of about 174% compared to the current price. Either way, Shiba Inu is one of the best sub-1 cent cryptos to buy, thanks to its vibrant ecosystem and robust community. A market cap of $5.5 Trillion may sound crazy today but not if it was 30 years from now or later. That would be a near 620% increase from where the Shib coin is . If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. The journey towards reaching 1 cent for Shiba Inu involves multiple factors, and progress in any of these areas can contribute to the tokens price increase. Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. Shiba just has too many coins to mean anything. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. That said there are some promising elements of Shib, This is why Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. Other similar ERC20 tokens include Binance Coin (BNB), Chainlink (LINK), Tron (TRX), USD Coin (USDC), and Tether (USDT). This amount of market cap is virtually impossible to reach. 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. Learn More. When the Shiba Inu Metaverse lands become popular, the price of the Shiba Inu coin will rise to an all-time high. According to CoinMarketCap, Shiba Inu is currently trading at $0.00001289 with an uptrend of 2.05% from yesterdays price. If the Shiba Inu team implements those effectively, the prediction accuracy will improve. There's not enough money even in the entire world that can propel SHIB's price to 50 cents. Not long after, SHIB started a steady climb upward. Will Shiba Inu reach 1 Dollar?Is Shiba Inu Dead. Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. Even when SHIB gets listed on Robinhood, I don't think it will help keep that kind of momentum going. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. Since it is an ERC-20 token, meaning it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. We saw the same thing with Dogecoin (DOGE), the meme-spired crypto championed by Elon Musk, when it rocketed 11,000% during the peak of its hype. ados.run.push(function() { Although it was 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. *Average returns of all recommendations since inception. Our simulation suggests that Shiba Inu will hit 1 cent by 2053. Now, the question is this: Could Shiba Inu help you become a millionaire in the months or years to come? Shibarium would change all of that, with operations moving on to this separate network. But it wasnt until 2021 that it was worth a penny. It could happen if enough SHIB token is burnt. Shiba Inu's coin supply totals 549 trillion. However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. This does not mean that it is a certainty. Required fields are marked *, Sign me up for the Money Morning newsletter. It is financially illogical and mathematically impossible for the Shiba Inu coin to reach $1, so we cannot help but burn the token supply. .setZone(136136); Investors were looking for the next big crypto star. Because everyone understands that Web3 is, Do you want to use polygon blockchain but you dont have enough Matic tokens to pay the gas fees? 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? 5 inches tall at the withers (between the shoulders blades), making them a . That has crypto investors wondering if the. 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. It has pumped more than 110%, Do you know that crypto jobs are in high demand? Adria Cimino has positions in Ethereum. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. The cryptocurrency sank along with the general market last year. It could even take years of sustained positive performance for this to happen. Here are a few popular exchanges where you can purchase Shib: Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin. Or you can invest in Shiba Inu or stake your holdings to earn passive income. The Motley Fool has positions in and recommends Ethereum. 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