This News Confirms. According to the figure above, for SHIB to attain a market size of $54.9 trillion, the overall market cap of Shiba Inu must be 549 trillion x $0.10 = $54.9 trillion. In this article, we will explain why SHIB can never hit 10 Cents. The Shiba Inu project will reach a price of ten cents by 2024, based on the growth of the . Shiba Inu: A Brief Overview. Could Shiba Inu Help You Become a Millionaire? So, if the market cap of Shiba Inu would be so outlandish if SHIB reached $1 or even $0.01, why do we see people mentioning these price targets so often on social media platforms? Missed DOGE? 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. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. Meme coins like Dogecoin and Shiba Inu Coin were particularly popular. (. 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. SHIBA INU recorded 15 green days in the last 30 days. Shiba Inu has pulled off some of the most impressive price performances in the history of crypto markets. Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. If youre interested, check out our list of the meme coins that could be the next to explode. Despite its low price per unit, Shiba Inu has surpassed 1.3 million unique addresses . The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. Above prediction is based of average performance of shiba inu from past 6 months. the 1-month volatility of the coin is at 5.26. Keep track of your holdings and explore over 10,000 cryptocurrencies. [CDATA[ Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. From the above chart, we see that for SHIB to reach 10 cents, the total market cap of Shiba Inu has to be 549 Trillion x $0.10 = $54.9 Trillion. Learn More. Adria Cimino has positions in Ethereum. Invest better with The Motley Fool. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! Are You Bored with Shiba Inu? At the moment, no one believes that Shiba Inu will reach $10 in the near future, and certainly, no one believes it will reach $100 in our lifetime. So, should you buy Shiba Inu while it's trading well below $0.01? In fact, it offers a lot less in some cases. The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Solanas Network Outage: A Sign of Trouble for Investors? The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. Cardano Price Prediction How High can Cardano reach by 2030? It is not anchored on unique blockchain technology - just hosted on Ethereum, it has not achieved a medium of exchange status, and it has no real value. SHIB is determined to transform into a comprehensive ecosystem with a metaverse and blockchain games, with the incipient liftoff of Shibarium, a Layer 2 solution that will facilitate faster transactions and lower gas expenses. Its current circulating supply is about 550 trillion tokens. As investors, we must be passionate about our investments. What are Shiba Inu coin price predictions for 2040 and 2050? Making the world smarter, happier, and richer. SHIB Price Prediction, 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. At that kind of size, even a 2x price increase would have required a massive amount of capital to flow into SHIB. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023? When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. It would be extremely difficult, to say the least. The. In short, Shiba Inu (SHIB) will never hit $0.10 or 10 cents. SHIB has begun offering NFTs named "Shiboshis" that cost 10,000 Shiba Inu coins which will help burn additional circulating supply. Response from investor and real user are unreal because it giving tough competition to dogecoin community in term of voting. It's simply a token that runs on the Ethereum network. The creator of Shiba Inu is known under the pseudonym Ryoshi. But over the past decade, cryptocurrencies have turned this traditional moneymaking strategy on its head. The coin reached a high of $0.00003018 back in April. If youre making a Shiba Inu price prediction, the 1 cent price level is more or less out of the question. This was a reach even in the bull market, and is extremely unlikely now. According to CoinMarketCap, there are currently 549 Trillion SHIB coins in circulation. This is a fancy way of saying it's just a payment coin -- and there are countless digital currencies that could be used as a payment tool. To get Shiba Inu (SHIB) to $0.10, the entire market value of SHIB must be $54.9 trillion multiplied by $0.10. To add to this list, coin burn is unlikely to provide the benefit SHIB holders expect or hope for. Shiba inu market volume continue to grow following successful audit and other trading safety protocol. $1 means almost 1803651% up from price $0.00005544 USD. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . There is a mining mechanism in place for these cryptos. 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. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? $1 means almost 1803651% up from price $0.00005544 USD. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. However, SHIB is an ERC20 token-based cryptocurrency. Things can be line people will pay less or even no attention to meme typed coins in 2025. According to the US government, the country collects $4 trillion in taxes each year. But it took until 2021 before it was worth a cent. This was a reach even in the bull market, and is extremely unlikely now. Yes. Cost basis and return based on previous market day close. Shiba Inu Prediction 2025 Can the Meme Coin Repeat Its BOOM? On October 29, 2021, Shiba Inu's price increased by more than 10 times, giving the company a $41 billion market value. Conservative Prediction: Can Shiba Inu reach $1 in 2023? 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. It is evolving . If more tokens are burnt, it will increase demand as supply dwindles. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. Initially, the project will use the SHIB token to facilitate the purchase of Shiba Lands, which are made up of NFTs. 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. Thousands of mining machines (rigs) are used by independent miners across the globe to keep the network functioning. It is not only the first but also the most popular cryptocurrency in the world. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; Long-term, a currency has no intrinsic worth. 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. 6% of every transaction is redistributed to all holders of Surge Inu, Surge Inu promises to buy SHIB and $SURGE at any major market cap milestone and burn the supply. 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. In 2015, Dogecoin was also worth $0.00008690. Still, Shiba Inu,. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. Today, however, different crypto experts and investors are confident that Shiba Inu prices will rise again and continue gaining for the next few years. How possible is this Cardano . Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. Yes, its Trillion. Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years. The will shiba inu reach $1 cent in 2022 is a question that many are asking. Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. We answer this question, explore the reasons why experts believe SHIB token prices will rise in the next few months, reasons it wont reach $10 and their Shiba Inu price prediction for 2026 hereinbelow. Shiba 2024 Price Forecast in INR: Shib Coin is predicted to touch 0.006 by the end of 2024. The only significant difference was the creator built Shiba Inu on the Ethereum network. Since its launch in August 2020, Shiba Inu Coin (SHIB) has become one of the most talked about cryptocurrencies on the market. Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. At a $0.01 valuation, the total market cap of SHIB will be $5.89 Trillion, which is 5 times more than Bitcoin, 10 times more than Ethereum, and 3 times more than Apple (AAPL), and 5 times more than Tesla (TSLA) market cap. Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. You might actually LOVE this Answer! For those of you keeping score at home, this sort of return allows for an investor to double their money, on average, about once every seven years. SHIB, which exists as an ERC-20 token on the Ethereum blockchain, has more than 1.2 million holders. And while the pressure on Bitcoin - which was the epicentre of the shock - has cooled down. 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. Unfortunately, developers have stated that technical issues delayed the public beta test of Shibarium. Will Shiba Inu Reach $1 USD? This token completed own by community and team member with transparent vision by developer. 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. 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). A currency does not have inherent value long term. But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? Without getting overly complicated, layer-2 blockchain is a series of secondary solutions overlaid atop existing blockchain to enhance functionality. Of course, Shiba Inu going to 1 dollar is an even more unrealistic scenario. While anything is possible in the cryptocurrency space, as SHIB has previously demonstrated, there's virtually no chance of this lofty price target becoming a reality this yearor ever. Before 2021, its trading volume was extremely low, less than $1,000 on most days. Shib price prediction 2025 in INR: Shiba Inu is predicted to touch 0.008 by the end of 2025. 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. However, SHIB was not spared during the cryptocurrency bear market of 2022. The FTX crash harmed the Shiba Inu coin at the beginning of November, and the Shiba Inu prediction became shaky. 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. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. In September, 1.5 million people searched for "Shiba Inu coin," believe it or not. In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). In this article, we look at 3 cryptos to buy , Is it still worthwhile to invest in Solana after the FTX scandal and the recent crashes? But first, let us look at its current price. This could drive the SHIB price to 1$. The Shiba Inu team is working on key products like Shibarium, and SHIB is positioned well thanks to numerous crypto exchange listings. Lets go over it in more detail. Therefore, according to simple reasoning, the SHIB coin will never even reach a valuation of $0.10 or 10 cents. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. While it might be difficult to decipher with so many zeroes following its decimal point, Shiba Inu gained an almost unfathomable 121,109,489% in under 10 months. Today, it would have to rise a lot less - by about 2,000,000% to reach the $1 mark. Shiba Inu Price Prediction: SHIB/USD Weekly chart showing the price GoCharting. 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. Ensuring that transaction fees are negligible is critical to getting this NFT marketplace and blockchain-based gaming off the ground. Can Shiba Inu reach 1 cent? From there, ADA should rebound higher as what happened previously. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Will Shiba Inu coin reach $1? 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. Each offers distinct ways for stockholders to raise their investment return. The rally in Shiba Inu is widely supported by the volumes which rose more than 250 per cent in the last 24 . The Motley Fool has positions in and recommends Ethereum. 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. Well explain why SHIB will never achieve 10 cents in this essay. As of writing, Shiba is unstoppable as it setting new all-time high record with time following positive news. Sean Williams has no position in any of the stocks mentioned. Token officially listed on top tier 1 exchange including Binance, Coinbase, Huobi, FTX and others. Shiba Inus biggest catalyst yet may be days away. From our experience, we can confidently say, the long-term success of a cryptocurrency largely depends on technology and community. The price of SHIB soared from 0.00001 to 0.000014 US dollars. However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. That is the reason why, unlike Dogecoin that has a clear mission of reaching $1, these developers only aim is to beat Dogecoins market cap. Shiba Inu Coin ON THE MOVE! 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. I don't think so. Nevertheless, rumors have been swirling on social media that this public test is coming relatively soon. We know top market exchange also interested to bringing shiba on their platform after seeing huge spike in community. 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. Can Cardano reach $2 in 2023? On Wednesday, the price of Shiba Inu coinwhich trades as SHIBsurged 33% to reach an all-time high of $0.00005478. With one Quadrillion SHIB tokens around, getting to $100 per token would mean creating an unutterable market capitalisation of $100 Quadrillion for the Shiba Inu network. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. 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.
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