To hit that mark, SHIB would have to make a climb of 34,288%. The result was a jump of 2,436% in just a few days. For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. Please consult a registered investment advisor to guide you on your financial decisions. Bitcoin also appears to have bottomed out near $19,000. 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. However, due to the general decline of the crypto-currency market, this did not happen. 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. 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. It would be worth more than the entire cryptocurrency market today. Either way, Shiba Inu is one of the best sub-1 cent cryptos to buy, thanks to its vibrant ecosystem and robust community. Adria Cimino has positions in Ethereum. 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. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. 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 then, why did SHIB jump so drastically recently? If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. Find out whether the Shiba Inu coin will reach 50 cents or 1 cent with our expert analysis. He loves spending time with his cats, along with playing every new PC action game as soon as possible. Interestingly, the creator of Shiba Inu Coin transferred half of the total coin supply to Vitalik Buterin, the founder of Ethereum, and the other half threw away the key and locked it in Uniswap. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. 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. Therefore, if you invest $100 now in SHIB tokens, you can expect to earn $914 in the future. But it might reach 1 cent after some years of token burns and deflationary mechanics. This does not mean it is a certainty. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. Save my name, email, and website in this browser for the next time I comment. All rights reserved by Redhatmedia. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . Shiba Inu Price History. 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. 2023 CryptoGlobally, The Core Dao Mainnet is now live and available for use, marking a significant milestone in the development of blockchain technology., Do you want to use the Free Crypto Tax Calculator, the best crypto tax software for various countries including the United, Explore the exciting world of cryptocurrency and earn a competitive salary as a Crypto Community Manager. This means if Shiba does reach even 1 cent, its market cap will be larger than that of BTC. This is how Shiba Inu gained popularity. 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 popular meme token soared about 45,000,000% back in 2021. 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. But this would require burning a significant amount of the token for the price to rise to 1 dollar. 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. Loyal followers -- the Shib Army -- have supported Shiba Inu across social media and believe in the token's ability to shake up the world of cryptocurrency. Shiba Inu's coin supply totals 549 trillion. Most crypto players offer the exact same things. Given our aggressive simulation, the optimistic estimate for Shiba Inu 1 cent is 2050. Coingate, Bugatti, and VISA are some of the companies Shiba Inu has partnered with to expand its reach. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. But that doesn't mean Shiba Inu will even come close to replicating those gains. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. Core DAO Mainnet Review: Is It the Future of Blockchain? It's because $274 Trillion is 3.5 times the world's GDP! These investors, often newcomers, may not understand the risks and may lose money in the short or long term. Will Shiba Inu coin reach 50 Cents without burning Tokens? However, once Shiba Inu implements many of the proposed plans, it is likely that Shiba Inu will reach 1 cent very soon. Nowadays, cryptocurrency is a game of speculation. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. This amount of market cap is virtually impossible to reach. 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. The only significant difference was the creator built Shiba Inu on the Ethereum network. Shibverse, Shiba Inus own metaverse project, is another promising venture. Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. The cryptocurrency sector is exploding. Its time to do a fundamental analysis of that project. The goal of 50 cents may be possible if Shiba Inu gets immense support from the community and brings continuous developments and partnerships to the platform, including Metaverses, DEXs, etc., which will create a high demand for SHIB tokens in the market and hence its price will spark tremendous surges. These exchanges do not list any scam projects. That has crypto investors wondering if the Shiba Inu coin can reach the $0.50 milestone sooner than later. 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. In this article, well discuss Shiba Inus prospects of hitting major price milestones and explore SHIBs price predictions. If the Shiba Inu team implements those effectively, the prediction accuracy will improve. Considered one of the best shitcoins, Shiba Inu was launched on August 1, 2020. If you invested in Shiba Inu coins, tell us how much you invested in the comment section below. But the important thing to note is that SHIB has become more accessible. VeChain Price Prediction Today, Can Polkadot Reach $1000? Unless something fundamental such as its volume, changes, Shiba Inu cannot 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. It could happen if enough SHIB chips are burned. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. 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. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. 29%. Therefore, many investors are interested to learn whether will Shiba Inu coin reach 50 cents or not. It's hard to say if it will ever break $1. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. Partnerships and community play a crucial role in building Shiba Inus ecosystem. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. Not long after, SHIB started a steady climb upward. It might be difficult to do. Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. 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. 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. 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. Disclaimer: CryptoGlobally.com content is for Educational purposes only and is not intended to constitute investment advice. If more tokens are burnt, it will increase demand as supply dwindles. Another point against SHIB reaching $1 is its supply inflation according to our data, Shiba Inu supply has increased nearly 8% year-over-year, making SHIBs prospects of reaching a $1 milestone all the more unlikely. Shiba Inu has a maximum supply of 1000 trillion tokens, and 400 trillion tokens have been burned, which is a very high number, so the team needs to burn more tokens on a consistent basis on the specified timeline in order for the price to rise.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'cryptoglobally_com-banner-1','ezslot_2',114,'0','0'])};__ez_fad_position('div-gpt-ad-cryptoglobally_com-banner-1-0'); Will Shiba Inu Coin reach 50 cents after building their metaverse game? They are called meme coins. Can Shiba Inu Reach $1? This is a Layer 2 solution that could solve some of Shiba Inu's problems. Will Shiba Inu reach 50 Cents? Back in May 2021, the crypto-trading juggernaut Binance listed SHIB and Elon Musk tweeted about DOGE. 458 votes, 259 comments. And that doesn't weigh in Shiba Inu's favor. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. Its meteoric rise has made many speculate whether it could even rise higher. There has been an increase of 814. In fact, it isn't even likely to reach that milestone over the next five years. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. The answer to Will Shiba Inu reach 50 cents? is no because it does not have an independent mining system. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. How Much Money Do You Need To Start Investing? This site uses Akismet to reduce spam. The biggest problem with the Shiba Inu Project is its lack of practicality. Truth. . This is a big deal in enhancing the intrinsic value of Shiba Inu. Required fields are marked *. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. If you want to know the answer to this question, keep on reading. 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. Biconomy Price Prediction 2023-2030: Can Biconomy reach 1000 Dollars? ados.run = ados.run || []; All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. Shiba Inu has delayed the release several times over the past year. To reach 1 cent, Shiba Inu would need a market cap of $5.8 trillion. Will Bitgert reach 1 Cent? Shiba Inu developers are about to launch Shibarium. The EMA-100 and EMA-200 are trading in bullish territory, hinting at a further upward momentum for Shiba Inu. The coin's mascot is the shiba inu dog, the . In the best-case scenario, it projects that SHIB's price could reach $0.000270 by February 2024, accounting for the technical analysis data aggregated on February 6th. FinanaceTeam.net is an enthusiastic platform that covers everything from the global finance sectors. Shiba Inu Market Capitalization. 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. Burning the SHIB token is a way to reduce the total supply. Only 1,714 businesses across the globe that accept DOGE as a form of payment. *using 550 trillion SHIB in circulation as a base. 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. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Learn More. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his 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. .setZone(136136); First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. This is because this cryptocurrency was introduced as a joke. Your email address will not be published. All of this is to say that it's hard to predict just how high SHIB will actually go. On 28 October, the token initiated a fresh upward rally and broke above its EMA-20 trend line at $0.000012, and continued its upward momentum further. Cost basis and return based on previous market day close. 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. Cryptocurrency is a speculative game in which nothing can be predicted with certainty. The reason is Shiba Inu belongs to a controversial niche with no real use-case. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Bitcoin and Dogecoin both have independent mining systems where miners, in total, use thousands of mining rigs and supercomputers. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. Shiba Inu, or SHIB, is a decentralized cryptocurrency that is starting to gain mainstream attention due to its affiliation with the popular Dogecoin (DOGE). By doing a fundamentalanalysis, you can find the best crypto project. Shiba just has too many coins to mean anything. Shibarium will decide the future of Shib. Popular meme token Shiba Inu (SHIB -0.62%) is stirring up some excitement. So today, its uses are limited. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. Shiba Inu's (SHIB) price prediction. However, price predictions are not set in stone, as market conditions can change radically. NEAR Protocol Price Prediction: Will NEAR reach $100? Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. Shibarium: Will Shiba Inu Price rise by 60%? Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Other similar ERC20 tokens include Binance Coin (BNB), Chainlink (LINK), Tron (TRX), USD Coin (USDC), and Tether (USDT). Shiba Inu has one of the largest crypto communities. If SHIB drops below this support level, it can experience a sharp decline and trade below the price of $0.000009. Why is this such a big deal? Write by: . Therefore, Shiba Inu will not be a good investment choice. But that will depend on the success of the projects and their ability to increase the level of adoption of Shiba Inu. Therefore, there is no chance of Shib hitting a penny by 2030. ados_load(); The Bollinger bands upper limit is at $0.000014, which is a strong resistance level for SHIB. 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]. Source- Tradingview. 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? Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. That's when it soared a mind-boggling 45,000,000%. 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%.