Therefore, if you are interested in Shiba Inu coins, keep track of their prices and trading volume daily. In fact, it is impossible to predict the price of an asset 40 years from now. Will Shiba Inu reach 50 Cents? The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. /* load placement for account: Money Map Press, This is because its a meme coin with little market value. Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. Unlike Bitcoin, which some companies offer as payment in place of a traditional salary, or Ethereum, which can be used to buy real estate on website like Propy, DOGE and SHIB lack any real-world utility. Shiba Inu's (SHIB) price prediction. The crypto has already gained 25,000,000% overall in the past year for an average monthly growth of 2,000,000%. Shibarium Portal Launched: Shiba Inus developers have launched the Shibarium portal. Can Shiba can hit 1 cent is dependent on numerous factors that are works in progress. Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. If other platforms such as eToro list SHIB, then the price could continue to climb. 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. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. Shiba Inu supporters even claim it is a Dogecoin killer. 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. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. There has been an increase of 814. Home. 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. The price of one token cost $0.00000000051. Stacks Price Prediction 2023: Will STX reach $100? 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. Can Shiba Inu's Valuation Hit $10 Billion in 2023? What is digital real estate and is it worth investing in? 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". To put that into perspective, there are more than 32 million businesses in the United States alone. It has pumped more than 110%, Do you know that crypto jobs are in high demand? The biggest problem with the Shiba Inu Project is its lack of practicality. Its current outstanding supply is about 550 trillion tokens. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. 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. Whales have played a significant role in boosting the price of Shiba Inu in the past. This is because the Shiba Inu coin started as a Dogecoin killer. Shiba Inu Coin Price Analysis and Forecast 2022-2030 According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. It may not even reach one cent. The community must also hold together during this period. Coingate, Bugatti, and VISA are some of the companies Shiba Inu has partnered with to expand its reach. It's beginning to reignite the momentum-based euphoria that sparked the. Soloway's price projections have historically been accurate. Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. Until it does have more real-world applications and is more widely accepted as payment, I don't see the crypto surging much higher. But some sources say Shibarium beta could launch as soon as next week. Nowadays, cryptocurrency is a game of speculation. | Better L2 Than Polygon Matic. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. Partnerships and community play a crucial role in building Shiba Inus ecosystem. At the time, a $100 investment netted a huge . Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. Therefore, it is possible that Shiba Inu will also reach 1 cent. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. The popular meme token soared about 45,000,000% back in 2021. Will Bitgert reach 1 Cent? Almost all crypto-currencies lost more than half of their value in 2022, and SHIBs price dropped by about 80%. Rather, this is due to several unique features of the token. Yes, it is possible for Shiba Inu (SHIB) to hit 1 cent. 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. Price Prediction For Future Investment, How To Get Out Of Your Timeshare And What You Can Do With The Savings, BitQH Review Is BitQH A Legit? 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. All of these developments will improve the functionality of Shiba Inu and may increase its price. The forecast accuracy remains moderate to low as there are numerous dependent factors like Government regulation, Shiba Inu leadership, and community cohesion. Shiba Inu (SHIB) will never reach $0.50 or 50 cents because it is financially illogical, mathematically impossible. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. Does Shiba coin have a future? That's when it soared a mind-boggling 45,000,000%. VeChain Price Prediction Today, Can Polkadot Reach $1000? The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. | Crypto Trading Guide For 2023. So today, its uses are limited. Therefore, many investors are interested to learn whether will Shiba Inu coin reach 50 cents or not. The Motley Fool has positions in and recommends Ethereum. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. Buying, trading, or selling cryptocurrencies should be considered a risky investment, and each reader is advised to exercise due caution before making any decision. 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. Its current circulating supply is about 550 trillion tokens. Will Shiba Inu Coin Reach 50 Cents? DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . 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. In fact, it isn't even likely to reach that milestone over the next five years. As of now, there are 395 trillion SHIB coins in circulation for a market cap of $10 billion. 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. That makes it something of a joke inside of a joke. We use cookies to ensure that we give you the best experience on our website. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. Protected by copyright of the United States and international treaties. However, since the crypto market is so volatile, nothing can be set in stone. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. ados_load(); An anonymous person or group created these coins with the name of Ryoshi. Will Shiba Inu reach 1 Dollar?Is Shiba Inu Dead. Generally, the burning mechanism for SHIB depends on its usage. And that's Shiba Inu's biggest problem. Shiba Inus performance in 2021 was spectacular, and many expected it to continue the same run the following year. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. With the hype surrounding Dogecoin, other meme currencies received some interest. And having a large quantity in circulation with a short average holding period doesn't help either. To make the world smarter, happier, and richer. 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. 5 inches tall at the withers (between the shoulders blades), making them a . Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. 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. Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. However, trading experts believe that all joke cryptos will die out and be replaced by more prominent cryptos in the market. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. The cryptocurrency sank along with the general market last year. By Money Morning Staff Reports, Money Morning October 13, 2021. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). You have no idea how the influencers promote the Ponzi tokens in reality. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. 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. The only significant difference was the creator built Shiba Inu on the Ethereum network. Why did the DOGE price only slightly rise? However, burning SHIB coins will remain the same price, as it will increase only by a small margin. We will concede that this answer could change dramatically in the future. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? Making the world smarter, happier, and richer. Or you can invest in Shiba Inu or stake your holdings to earn passive income. 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. Shibarium would change all of that, with operations moving on to this separate network. This is higher than the previous zenith of $0.00003791 recorded back in May 2021. Let me explain why. Your email address will not be published. Adria Cimino has positions in Ethereum. Comment on This Story Click here to cancel reply. Your email address will not be published. 7 Best . Your email address will not be published. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. As we can quickly deduct from the table above, the likelihood of the Shiba Inu price coming anywhere close to $1 at current levels of circulating supply is simply not feasible. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Then the price of 1 coin will reach 1 cent. Shib burn can help boost the tokens price. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. Bitcoin also appears to have bottomed out near $19,000. This could make Shiba Inu one of the leading cryptos to explode in 2023. In addition to the golden cross, Shiba Inu price seems ready to uphold confluence support around $0.00001210. Solana Price Prediction Today. It was created as a joke and meant to be traded for fun. In general, the burning mechanism of SHIB depends on its use. Since then, many people have been wondering about its expected future prices especially since Ethereum founder Vitalik Buterin burned over 90% of his Shiba Inu holdings. What does the future hold for the Shiba Inu coin? It is believed that in 2025, the lowest price of SHIB will drop to $0.000008 and the highest price could reach $0.0001. Some, like Ethereum, even burn their supply over time. 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. Shiba Inu has delayed the release several times over the past year. Cryptocurrency is a speculative game in which nothing can be predicted with certainty. However, even a small token burn can affect the tokens price. It would be worth more than the entire cryptocurrency market today. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. 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. FinanaceTeam.net is an enthusiastic platform that covers everything from the global finance sectors. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. Can Fetch.ai reach $10, $100? var ados = ados || {}; This is how Shiba Inu gained popularity. Now you might wonder what sets Shiba Inu apart from the thousands of cryptocurrencies out there? If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. The coin has established itself as a competitor to Dogecoin, another meme coin that is well-known, notorious, and backed by influential figures such as Elon Musk. That makes it hard for demand to outstrip supply in the long term. Its time to do a fundamental analysis of that project. 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. The recent gain of over 300% has brought a ray of hope to its long-term holders with a price goal of $0.5. The Motley Fool has a disclosure policy. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Keep this information in mind as you make investment decisions. The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch. is required to be around $5.5 trillion. Save my name, email, and website in this browser for the next time I comment. In fact, it is still very unlikely, but it is theoretically possible. Shiba Inu has a Big community and has broken big records in the crypto industry, including beating its rival Dogecoin. Here are the scenarios of how Shiba Inu could reach different milestones: The Shiba Inu team announced that Shibarium will be launched soon, details here. 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. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. Investors were looking for the next big crypto star. The more it is used for transactions, the higher the burn rate. 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 Shiba Inu to Reach 50 Cents, SHIB will need a market cap of around $294 trillion, which is 294x the market cap of all cryptocurrencies combined. If the team creates use cases, the Shiba Inu coins future will be bright. DisclaimerAll articles published on Coinmash are strictly for informational purposes only. 2021. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. But it might reach 1 cent after some years of token burns and deflationary mechanics. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. About Us; Staff; Camps; Scuba. 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. Only 1,714 businesses across the globe that accept DOGE as a form of payment. One thing that sets SHIB apart is that unlike Bitcoin, which is designed to be scarce, it is intentionally abundant. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. 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. Your email address will not be published. Follow these beginner-friendly strategies for making huge profits and passive, Will Shiba Inu Coin Reach 50 Cents in 2023? However, due to the general decline of the crypto-currency market, this did not happen. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. Although the answer to the question Will Shiba Inu reach $1? or probably not, the possibility of the coin reaching 1 cent is much higher than 1 dollar or 50 cents. 458 votes, 259 comments. This could be similar to the run of Dogecoin itself. Read Here, Before we do the simulation, here are some facts. The EMA-100 and EMA-200 are trading in bullish territory, hinting at a further upward momentum for Shiba Inu. Although 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. Even hitting $0.01 might be tricky for the crypto. Their popularity was mainly due to the promotion of Dogecoin by popular people such as Elon Musk and Mark Cuban. Metaverse Tokens Social Media Sentiment Live. Biconomy Price Prediction 2023-2030: Can Biconomy reach 1000 Dollars? His coin gained a very huge marketcap because of hype without having the actual product. In addition, its an Ethereum-based token, referred to as ERC20. Theoretically and statistically, its not possible to do so now. Other similar ERC20 tokens include Binance Coin (BNB), Chainlink (LINK), Tron (TRX), USD Coin (USDC), and Tether (USDT). SHIB hit its highest point at the end of 2021 when its prices rose by 250%. Is Telcoin A Good Investment? Shiba just has too many coins to mean anything. POLKADOT etc. This is Shiba Inus starting use case. At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. Shiba Inu has had some positive developments in 2023, including the launch of the Metaverse platform. Many cryptocurrency experts predict the value of the Shiba Inu in 2023, but it is not guaranteed, so be careful. Since it is an ERC-20 token, meaning it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. Unfortunately, that's impossible. From that past September to early October, the cryptocurrency gained 320% and pushed its way into the top 20 best-performing cryptos. 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. There are many ways to do it! Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. 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. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. Even after investors burned billions of Shiba Inu tokens, its price didnt change much. 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. Source- Tradingview. Efforts are underway to burn Shiba Inu tokens to reduce supply. Also, only a few SHIB coins are in circulation, decreasing its overall usage and demand in the market. Algorand Price Prediction 2023-2030: Will Algorand hit $100? Core DAO Mainnet Review: Is It the Future of Blockchain? 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? Dubbed the Dogecoin-killer, Shiba Inu may be an excellent investment option if considered for a long-term investment plan as it has fetched over 1000% return since October 2021. To as ERC20 has had some positive developments in the price graph $ 100 cents because it is possible! Past September to early October, the higher the burn rate STX reach $ trillion! 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