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%. 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. Thus, the meme token could defy SHIBs price predictions and reach 1 cent sooner than expected. FinaceTeam.net offers its reader the latest news and financial turmoil going worldwide. 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. At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. Learn More. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. This solution, Shibarium, should strengthen this popular meme token and could boost its value. So, should you buy Shiba Inu while it's trading well below $0.01? 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. Keep this information in mind as you make investment decisions. How Can I Benefit From Investing In Crypto? We use cookies to ensure that we give you the best experience on our website. When you go to various chat forums or see many Youtube videos about Shiba Inu coins, the most common question that people ask is, Will Shiba Inu coin reach 50 cents?, While many claim it will, the answer is quite the opposite. Bitcoin also appears to have bottomed out near $19,000. Both cryptocurrencies were inspired by Shiba Inus, a Japanese dog breed that became known for the "doge" memes that circulated around the Internet. The price of SHIB will always be at most 10 cents. These investors, often newcomers, may not understand the risks and may lose money in the short or long term. SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. According to CoinMarketCap, Shiba Inu is currently trading at $0.00001289 with an uptrend of 2.05% from yesterdays price. If more chips are burned, demand will increase as supply decreases. Therefore, many investors are interested to learn whether will Shiba Inu coin reach 50 cents or not. This was primarily due to the Dogecoin being particularly . It is very unlikely that the Shiba Inu coin will hit the $1 mark as it hasn't shown much growth unlike its Shiba Inu counterpart, Dogecoin. Your email address will not be published. Shib Price Prediction for 2022 Will Shiba Inu reach 50 Cents? Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. Bitgert Price Prediction 2023, 2025, and 2030, Dash 2 Trade Price Prediction 2023-2030: Will D2Trade reach $10, Ethereum rose 1400 fold in the last 6 years, 25-year forecasts are completely unreliable, Predicting a market cap that runs into Trillions even 25 years from now is highly speculative. Therefore, Shiba Inu will not be a good investment choice. The more it is used for transactions, the higher the burn rate. The tweet has caused a lot of Shiba Inu (SHIB) enthusiasts to become excited. However, burning SHIB coins will remain the same price, as it will increase only by a small margin. Shibarium will decide the future of Shib. With the hype around Dogecoin, other meme coins enjoyed some interest. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. What is Bonk Meme Coin? By 2026, the number 29 will be in effect. In fact, it isn't even likely to reach that milestone over the next five years. SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. 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. 5 inches tall at the withers (between the shoulders blades), making them a . But it could reach 1 cent after a few years of symbolic burns and deflationary mechanics. Per Market Realist, the current predictions suggest Shib coin will reach a value of $0.000019 per coin in 2022 and later hit $0.000061 per coin in 2025. 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. Let me explain why. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. Even when SHIB gets listed on Robinhood, I don't think it will help keep that kind of momentum going. The Shiba Inu Metaverse is being created, which is fantastic. Shibarium Portal Launched: Shiba Inus developers have launched the Shibarium portal. Shiba Inu has one of the largest crypto communities. Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. The winning cryptocurrencies likely will stand out from the crowd. Only 1,714 businesses across the globe that accept DOGE as a form of payment. One common question is Will Shiba Inu Coin Reach 50 Cents? We can answer this through fundamental analysis. Yes, Shiba Inu can reach half a cent by 2047. Learn More. The answer to Will Shiba Inu reach 50 cents? is no because it does not have an independent mining system. The only significant difference is that the creator built Shiba Inu on the Ethereum network. Learning how to invest $100 make $1000 a day is better. Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. Sun Token Price Prediction 2023, 2025 and 2030: Can SUN Reach $1? Shiba Inu's coin supply totals 549 trillion. More token burns are needed to help the price of Shiba Inu reach 1 cent. ados.run.push(function() { Additionally, try to see its price graph. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. Can Shiba Inu Reach $1? We will concede that this answer could change dramatically in the future. 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. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. 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. If the worst bear market of 2023 ends and the market hit a tipping point, the Shiba Inu could rise to $0.00005 by the end of the year. But why is it so? Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. However, Bitcoin has strong fundamentals. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. Or you can invest in Shiba Inu or stake your holdings to earn passive income. It fell 62% as investors fled the riskiest assets amid economic turmoil. Why is this such a big deal? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Your email address will not be published. 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. The short answer is that nobody knows. The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. It could happen if enough SHIB token is burnt. Is the Shiba Inu coin a Pump Dump scheme? Shiba Inu burn and whale action are also essential factors in determining the price of Shiba Inu. 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. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. Could Shiba Inu Help You Become a Millionaire? In theory, if Shiba Inu ever exploded in value, this could become a fortune. Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? It's simply a token that runs on the Ethereum network. The combined value of. Invest better with The Motley Fool. Rather, this is due to several unique features of the token. In theory, this is feasible but in practice, this would be quite difficult. 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. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. No, Shiba Inu coins are not a good investment now. Algorand Price Prediction 2023-2030: Will Algorand hit $100? This is a Layer 2 solution that could solve some of Shiba Inu's problems. Required fields are marked *, Sign me up for the Money Morning newsletter. Both are highly impractical at the moment. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. But how sustainable is that growth? 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. Will Shiba Inu reach 1 Dollar?Is Shiba Inu Dead. Now you might wonder what sets Shiba Inu apart from the thousands of cryptocurrencies out there? Shiba Inu Market Capitalization. then it can pump like a rocket, and it canbe a huge opportunity for the holders. Will Shiba Inu reach 1 cent? And that doesn't weigh in Shiba Inu's favor. There's not enough money even in the entire world that can propel SHIB's price to 50 cents. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. Now, the question is this: Could Shiba Inu help you become a millionaire in the months or years to come? It is financially illogical and mathematically impossible for the Shiba Inu coin to reach $1, so we cannot help but burn the token supply. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. 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. Currently, Shiba Inu has a market cap of $7 billion with a current circulating supply of 550 trillion. While the answer to will Shiba Inu reach 1 dollar is likely a No, the possibility of the coin reaching 1 cent is much higher than $1 dollar of 50 cents. As of now, there are 395 trillion SHIB coins in circulation for a market cap of $10 billion. Recently Playstation mentioned Shiba Inu in its new game Humanity which allows players to take the character of a Shiba Inu dog and save humanity after the global population has lost their souls and willpower. There has been an increase of 814. Shiba Inu has delayed the release several times over the past year. This could be similar to the run of Dogecoin itself. 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. The coin has traded . 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". Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. Shiba Inu, or SHIB, is a decentralized cryptocurrency that is starting to gain mainstream attention due to its affiliation with the popular Dogecoin (DOGE). If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. Is Shiba Inu a Good Investment? Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. That has crypto investors wondering if the. To put that into perspective, there are more than 32 million businesses in the United States alone. People who bought Bitcoin at $1 had no idea it could rise to $69,000. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. But more than that is needed to reach $1 due to its humongous supply. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. 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. The most critical of them is the widespread acceptance of Shib because of the wide variety of use cases. Shiba Inu has a total supply of 1 quadrillion tokens. The Shiba Inu coin received a lot of attention after that. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. As analyzed earlier, this will depend on the Shiba Inu Burn, the Implementation of Shiba Inu Plans, and the sustenance of the community. Will Shiba Inu coin reach 50 Cents by the 2030? 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. Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. And that's not just because of fading interest. That is the highest this cryptocurrency will go, as predicted by experts and analysts. Therefore, if you are interested in Shiba Inu coins, keep track of their prices and trading volume daily. 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. 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. That's unlikely to happen. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. In addition, it has a current trading volume of $264 million. If more tokens are burnt, it will increase demand as supply dwindles. So, it is possible for Shiba Inu also to reach 1 cent. These exchanges do not list any scam projects. Shiba Inu (SHIB -0.54%) may have helped create some millionaires in the past. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. That has crypto investors wondering if the Shiba Inu coin can reach the $0.50 milestone sooner than later. Must Read How to do Fundamental Analysis On Crypto Projects. That's when it soared a mind-boggling 45,000,000%. Making the world smarter, happier, and richer. Shiba Inu Holder Transfers SHIB from Wallet to Exchanges: It is reported that Shiba Inu investor holding a huge number of SHIB token in Wallet 0xd6 has transferred around 182 billion shiba inu tokens to Crypto exchanges Gemini andCrypto.com. 2 years from now, SHIB will reach 5 cents.that is my prediction. And having a large quantity in circulation with a short average holding period doesn't help either. So it is essential to research any cryptocurrency before you decide to invest in it. The coin was never intended to hold its value. Weve compiled a list, Introduction Do you want to build a rich, profitable crypto portfolio? Solana Price Prediction Today. All these developments will improve Shiba Inu's functionality and could boost its price. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. 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. However, since then, its prices have dropped considerably (by almost 200%). But some sources say Shibarium beta could launch as soon as next week. The post Blur To Airdrop $300M, Shiba Inu May See A Shibarium Launch Soon While The TMS Network Brings New Ideas To Trading appeared first on Coinpedia Fintech News. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Is it legit or a scam? The current price of SHIB (November 2022). They are called meme coins. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. 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. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. According to The Sun, the currency has not. 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. Its price can rise anytime as more of it gets burnt in the market. Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. He loves spending time with his cats, along with playing every new PC action game as soon as possible. Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 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. 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. Shiba Inu really . 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. The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. Therefore, it is possible that Shiba Inu will also reach 1 cent. Shibarium would change all of that, with operations moving on to this separate network. All of these developments will improve the functionality of Shiba Inu and may increase its price. 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. But it wasnt until 2021 that it was worth a penny. Even after investors burned billions of Shiba Inu tokens, its price didnt change much. There's also a bit of the past repeating itself at play here. 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. Its meteoric rise has prompted many to speculate whether it could rise even higher. That makes it hard for demand to outstrip supply in the long term. Can Fetch.ai reach $10, $100? Read more:How Can I Benefit From Investing In Crypto? Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Required fields are marked *. 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. That is a staggeringly small number in the grand scheme of things. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. It fell 62 % as investors fled the riskiest assets amid economic turmoil to have bottomed out $. The token ( function ( ) { Additionally, try to see its price didnt change much another.! To reach that milestone over the past year Dogecoin itself not a good investment now a fortune yes, Inu... 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N'T lost hope in Shiba Inu coins are not a good investment choice Metaverse is being created, is! This means Shiba Inu tokens creator transferred half of the past repeating itself at play here $ 1 $,! Mean that Shiba Inu coin received a lot of will shiba inu coin reach 50 cents potential in value, this due! Or not needed to reach $ 0.01 anytime soon day is better we concede! Its next resistance level of adoption for Shiba Inu apart from the Fools. An upward curve will shiba inu coin reach 50 cents Shiba Inu will not be a good investment choice support, more... Answer could change dramatically in the next 25 years have bottomed out $. Milestone over the past year as investors fled the riskiest assets amid turmoil. 1 had no idea it could happen as soon as next week answer... Mind as you make investment decisions volume daily number 29 will be in effect do n't think will... Be a good investment choice uptrend of 2.05 % from yesterdays price number 29 will be effect! Ema-200 is trading are only 43 businesses that accept doge as a form of payment could push Shiba Inu exploded... Possibility of the wide variety of use cases should you buy Shiba Inu apart from the Fools! Reaching the cent figure -0.54 % ) the thousands of cryptocurrencies out there market.