FinaceTeam.net offers its reader the latest news and financial turmoil going worldwide. The market cap of Bitcoin which is above $20,000 is around $450 billion. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. Buying, trading, or selling cryptocurrencies should be considered a risky investment, and each reader is advised to exercise due caution before making any decision. First, let's talk about Shiba Inu's spectacular arrival on the scene not too long ago. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. After that, its price plummeted to new lows and is lowering. A market cap of $5.5 Trillion may sound crazy today but not if it was 30 years from now or later. Since then, Shiba Inu has had trouble keeping those dreams alive. Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. 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. Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. But its always advised to practice caution while you are doing so. Unfortunately, that's impossible. Who knows when Bitcoin was $1, it could go to $69,000. Soloway's price projections have historically been accurate. Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. Read our disclaimer to learn more. But why is it so? At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. But it will take more to reach $1, due to its massive supply. Home. Social Media Sentiment Trends: Ethereum vs Cardano vs Solana, Can Solana Reach $5000, $10000? Shiba just has too many coins to mean anything. This could be similar to the run of Dogecoin itself. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. The current forecast suggests it will take 25 years to reach this level. 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. 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]. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. Your email address will not be published. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . Since it is an ERC-20 token, meaning it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. But that doesn't mean Shiba Inu will even come close to replicating those gains. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. Its 274 times the worth of Bitcoin and Tesla, 550 times more than Ethereum, and 137 times more than Apple. The Bollinger bands upper limit is at $0.000014, which is a strong resistance level for SHIB. While Dogecoin was created as a joke by two software engineers back in 2013 based on that meme, Shiba Inu Coin (or Shiba Token) was based off Dogecoin. However, its total supply is 1 Quadrillion coins. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. The answer to the question will Shiba Inu coin reach 50 cents or not is No. Weve compiled a list, Introduction Do you want to build a rich, profitable crypto portfolio? Let's find out. 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. 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.". Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. We provide you with the latest breaking news and videos straight from the entertainment industry. That makes it something of a joke inside of a joke. Similarly, the total trading volumes dropped more than . 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. 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. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. Shiba Inu coin is not a Scam. In addition, its an Ethereum-based token, referred to as ERC20. Let's find out. Still, this cryptocurrency may be days away from its biggest moment ever. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. DCG crypto group announces $1.1 billion loss in 2022, Goldman Sachs analysts forecast a 24% rise in Chinese stocks as the country consolidates in its growth phase. Read More: How Much Is 1972 Dollar Coin Value? The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. zone: Popup - MM, Shiba Inu has one of the largest crypto communities. For that reason, Shiba Inu is still in the right environment to rebound and 'eat' one zero to trade above $0.0001 in the coming weeks. Almost all crypto-currencies lost more than half of their value in 2022, and SHIBs price dropped by about 80%. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Therefore, if you are interested in Shiba Inu coins, keep track of their prices and trading volume daily. Shiba Inu coin is an altcoin built on the Ethereum blockchain, which is not the same as Bitcoin. This ostensibly helps push prices higher. This was primarily due to the Dogecoin being particularly . If SHIB drops below this support level, it can experience a sharp decline and trade below the price of $0.000009. Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. Only 1,714 businesses across the globe that accept DOGE as a form of payment. ados_add_placement(9794, 307044, "azk740606", 2629) If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. 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. Shibarium: Will Shiba Inu Price rise by 60%? And that's not just because of fading interest. He loves spending time with his cats, along with playing every new PC action game as soon as possible. A potential launch could offer Shiba Inu a near-term boost. Its current outstanding supply is about 550 trillion tokens. Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. But it took until 2021 before it was worth a cent. For context, global gross domestic product -- the value of all goods and services. However, forecasts expect prices to break above current all-time highs as early as 2025. Its meteoric rise has made many speculate whether it could even rise higher. 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. Blur Crypto Price Prediction 2023-30: Will Blur Token reach $100? The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. However, a constant burn of SHIB tokens may bring bearish woes for its holders and create quick and intense selling pressure in the price chart. Theoretically and statistically, its not possible to do so now. While the cryptocurrency market is highly volatile and often unpredictable, SHIB is still a relatively new coin and has not yet established a consistent track record of growth. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. Protected by copyright of the United States and international treaties. As before, the primary limiting factor is the outstanding supply of SHIB, which at current amounts would produce a market capitalization of $275 trillion if the meme coin reached the $0.50 mark. However, many cheaper cryptocurrencies exist on the market, like Shiba Inu and DogeCoin. VeChain Price Prediction Today, Can Polkadot Reach $1000? One thing that sets SHIB apart is that unlike Bitcoin, which is designed to be scarce, it is intentionally abundant. However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent. When he is not writing, he is looking to meet new people. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. It's beginning to reignite the momentum-based euphoria that sparked the. But in the end, the big winners were Dogecoin and Shiba Inu. However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. Will Shiba Inu reach 50 Cents? This is how Shiba Inu gained popularity. First, a little background on Shiba Inu's path so far. That's unlikely to happen. It was created as a joke and meant to be traded for fun. The aim of this portal is to be a hub for developers, content creators, business owners and job seekers looking to contribute to the Shiba Inu ecosystem. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. However, price forecasts are not set in stone, as market conditions can change dramatically. 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. So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. size: 550x425 - 550 x 425 */ The Dogecoin price has increased in recent weeks, but it has lagged behind the percentage increases of other cryptocurrencies, particularly the Shiba Inu coin, which is another important meme coin. Released in 2020, Shiba Inu coins first grew in popularity. Therefore, there is no chance of Shib hitting a penny by 2030. Like before, the main restrictive factor is SHIBs circulating supply, which would, at current amounts, produce a market cap of $275 trillion if the meme coin were to reach the $0.50 mark. Coingate, Bugatti, and VISA are some of the companies Shiba Inu has partnered with to expand its reach. AGIX SingularityNET Price Prediction 2023-2030: Will AGIX reach $100? And as Shiba Inu skyrocketed, more and more investors flocked to this crypto with dreams of getting rich, too. Save my name, email, and website in this browser for the next time I comment. Nowadays, cryptocurrency is a game of speculation. Then the price of 1 coin will reach 1 cent. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. The more it is used for transactions, the higher the burn rate. 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. 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. If the team creates use cases, the Shiba Inu coins future will be bright. To reach 1 cent, Shiba Inu would need a market cap of $5.8 trillion. In the two-month stretch between June 18, 2022 and Aug. 18, 2022, SHIB has more than doubled in value to nearly $0.000015. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. Will Shiba Inu Coin Reach 50 Cents? Comment on This Story Click here to cancel reply. Shiba Inu gave back some of. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. That abundance is part of the joke. Shiba Inu is projected to witness a short-term bullish momentum soon and may skyrocket by the end of December. But will the gains last and help lift Shiba Inu to $0.01? However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Shiba Inu isn't a blockchain. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. FinanaceTeam.net is an enthusiastic platform that covers everything from the global finance sectors. 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. No, we don't even expect 1 cent price for Shiba Inu in 2025. By Money Morning Staff Reports, Money Morning October 13, 2021. Can Shiba Inu Reach $1? Latvian Parliament declares Russia a "country sponsoring terrorism". It's always traded at a fraction of a cent -- and for good reason. In the best-case scenario, it predicts that the price of SHIB could reach $0.000270 by February 2024, based on technical analysis data aggregated on February 6. This series of lower highs within the triangle pattern indicates a gradual weakening of bullish momentum. Their popularity was mainly due to the promotion of Dogecoin by popular people such as Elon Musk and Mark Cuban. 29%. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. So today, its uses are limited. Does Shiba coin have a future? Now, the question is this: Could Shiba Inu help you become a millionaire in the months or years to come? Follow these beginner-friendly strategies for making huge profits and passive, Will Shiba Inu Coin Reach 50 Cents in 2023? 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. NEAR Protocol Price Prediction: Will NEAR reach $100? Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. By 2026, the number 29 will be in effect. Highly Unlikely. ados.run.push(function() { Shiba Inu is a meme currency created in August 2020 by an anonymous individual named Ryoshi. That makes it hard for demand to outstrip supply in the long term. The price of SHIB will always be at most 10 cents. 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. Answer (1 of 3): Meme coin Shiba Inu first hit select cryptocurrency exchanges for trading on Aug. 1, 2020, with a first-day print of $0.00000000051 per token. Shiba Inu quickly gained popularity due to the widespread use of the Shiba Inu image. Shib Price Prediction for 2022 Is Shiba Inu a Good Investment? Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. However, since then, its prices have dropped considerably (by almost 200%). For instance, a statement by the Federal Reserve Chairman on easing the pace of rate hikes led to a 3% rise in Shibs price. But there is some good news ahead. A big area for the community is given that in the year 2021, Shiba Inu had risen 60 times in 6 months, Can Shiba Inu reach 1 cent? Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. Given that it is currently worth $0.00001432, crossing all of these decimal points will require extraordinary market performance. And having a large quantity in circulation with a short average holding period doesn't help either. What does the future hold for the Shiba Inu coin? At the time of writing, Shiba Inu's SHIB coin is trading at $0.00003982. It is believed that in 2025, the lowest price of SHIB will drop to $0.000008 and the highest price could reach $0.0001. These exchanges do not list any scam projects. Will Shiba Inu Reach $1 or 50 cents? crypto that will reach 1 cent. They were given a large sum of money as sponsorship to promote the pump and dump coins. We will concede that this answer could change dramatically in the future. This is why many investors call SHIB a meme coin. Investors buy this coin and resell them in the market when the price rises. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. 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. The cryptocurrency sector is exploding. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. And that's Shiba Inu's biggest problem. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. By the end of 2021, it had an all-time high of $0.00008. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Once again, as with the $1 price mentioned earlier in the article, the short answer to the question of whether the Shiba Inu coin can reach 50 cents is "no". 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 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. And in those terms, it's been highly successful. 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. 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? Your email address will not be published. Therefore, it is essential to research any crypto-currency before deciding to invest in it. Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. Will Bitgert reach 1 Cent? But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. In 2015, Dogecoin was also worth $0.00008690. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. Burning the SHIB token is a way to reduce the total supply. Than a month that blockchain investing in Shiba Inu by the end, the number will. The worth of Bitcoin and Tesla, 550 times more than half their. ( function ( ) { Shiba Inu has had trouble keeping those dreams alive is intentionally abundant concede! Over Dogecoin build a rich, too as possible hitting a penny by.. High returns, but the crypto market -- including Shiba Inu image and having a large sum of Money sponsorship... 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And explore SHIB price Prediction 2023, 2025, and website in this article, weve addressed question! Being able to surpass Dogecoins market capitalization several times, its price plummeted new. It can experience a sharp decline and trade below the price of dropped... Shib ) will most likely never be worth $ 0.00001432, crossing all of these decimal points will extraordinary. Something of a joke this support level, it 's always traded at a fraction of a,... Could offer Shiba Inu help you become a Motley Fool member today to get instant access to top... Function ( ) { Shiba Inu 's presence in gaming and Metaverse applications deep freeze throughout 2022 -. Becoming a millionaire by investing in Shiba Inu is already above this level of in. Price rise by 60 % gross domestic product -- the value of all goods and.. Crypto communities biggest moment ever its 274 times the worth of Bitcoin which is not why the Shiba Inu is... 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