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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. 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). Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. But over the past decade, cryptocurrencies have turned this traditional moneymaking strategy on its head. The most notable of these products is Shibarium, a layer 2 scaling platform for Ethereum. 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. 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. It makes up 11.94% of their total holdings. SHIB is trading up 29% to $0.00001037 at the time of writing. Unfortunately, those claims are not only misleading; its dangerous for us the retail investors. 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. We still suggest to do your own research before investing because there more option in crypto industry that really have great utility that stays forever. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. It is not only the first but also the most popular cryptocurrency in the world. Before 2021, its trading volume was extremely low, less than $1,000 on most days. When there are viral social media campaigns urging people to buy Shiba Inu in order to get SHIB to a penny or get SHIB to $1, some people dont stop to think about what that would actually entail because $0.01 and $1 seem like small numbers. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Even though many crypto investors dismiss meme coins outright, the fact remains that SHIB is the 13th largest crypto asset by market capitalization, surpassing the likes of Litecoin, Polkadot and TRON. They are cumulatively holding $601 million worth of SHIB tokens. 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. This could really drive the SHIB price in 2023. With the scary percentage growth rate it has to achieve to get here and the lack of faith from its development team aside, you also have to look at two other factors that make it virtually impossible for Shiba Inu to reach $100. the 1-month volatility of the coin is at 5.26. But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? Today, most do not expect Shiba Inu prices to even come close to $1 by 2030. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. The Shiba Inu project will reach a price of ten cents by 2024, based on the growth of the . And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. The first thing to understand about digital currencies is that there aren't many tangible catalysts for investors to wrap their hands around. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. We and our partners use cookies to Store and/or access information on a device. Despite its parabolic price jumps in the last few months, reaching $10 will be an uphill task. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. The token is trading 87% down from its all-time high price, so people buying SHIB at current price levels are truly buying the dip. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Currently trading at $0.000020, the, For starters, it has no real value. The coin reached a high of $0.00003018 back in April. An example of data being processed may be a unique identifier stored in a cookie. The record price represents a near doubling of the value of the Shiba. Shibarium will also use five utility tokens to meet its objectives SHIB, BONE, LEASH, TREAT, and SHI. The Answer might SHOCK You! Most meme coins have a very large circulating supply, which results in a low price per unit. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? Shiba inu market volume continue to grow following successful audit and other trading safety protocol. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . $1 means almost 1803651% up from price $0.00005544 USD. So many factors stand in the face of the ERC-20 only token, blocking and preventing it from reaching a $10 valuation in the foreseeable future. Each offers distinct ways for stockholders to raise their investment return. Instead, its an Ethereum smart-contract based cryptocurrency, similar to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), etc. And there is never an accurate answer to the price action and direction that Shiba Inu, or any other cryptocurrency for that matter, will take in the future. New Uptrend 2023? Well based on extrapolating data from November 1st 2021 (the all time high market cap) and February 4th 2023 (I just picked this date for no particular reason). But at the end of the day, the significant winners were Dogecoin and Shiba Inu. Its why they are Trillion dollar company. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. According to the US government, the country collects $4 trillion in taxes each year. Without getting overly complicated, layer-2 blockchain is a series of secondary solutions overlaid atop existing blockchain to enhance functionality. It would be worth more than the entire cryptocurrency market today. On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. 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. Shibaswap, the ecosystems native DEX, can be utilized by stockholders to exchange tokens, take part in governance, create passive income, and buy NFTs. Interest in blockchain-based gaming, as well as NFT trading/ownership, has fallen off a cliff. Though the rate at which Shiba Inu price surges varies from one expert to another, the general feeling is that one SHIB token may be selling for between $0.000024 and $0.00038 by the end of 2025. Are you lookingfor a chart analysis toolthat doesnt distract you with community messages and other noise? This token completed own by community and team member with transparent vision by developer. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. Shiba Inu's coin supply totals 549 trillion. The currency will be used to pay for items on doggi.shop, which sells all sorts of handmade products from traditional Japanese crafts such as gifts and stationary to modern designs like bags and jewelry made with Shib coins themselves. Shiba Inu, on the other hand, has a supply of 549 trillion tokens. Shibarium developers want to make Shibarium one of the most desirable networks for dApps growth, particularly since dApps (decentralized applications) are among the most fiercely debated subjects in the cryptocurrency world. Making the world smarter, happier, and richer. The hype surrounding Shiba Inu ( SHIB) is still there amid ongoing discussions on whether it faded away or not due to recent on-chain metrics. Overall, the Shiba Inu price was lower after the crash than it had been earlier. However, the SHIB burn could still contribute to making SHIB a good investment. This low price was a reflection of Shiba Inu's creator placing 1 quadrillion tokens in circulating supply. 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. We can expect 1 cent mark probably in year 2022. The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. Elon musk recently asked to reveal how much he holding Shiba token and he replied none. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Here's what the prospects look like for SHIB as it struggles to reach the one cent mark. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. For more than a century, the stock market has been one of the greatest wealth creators on the planet. Further, Shibarium's launch was widely expected last year. Cryptoasset investing is highly volatile and unregulated in some EU countries. Cardano Price Prediction How High can Cardano reach by 2030? #SHIBA is a popular coin with a. Shib coin is selling for about $0.0000085 per coin with a market value of $3.4 billion, so there's still plenty of time to grow. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. While the coin first dipped by over 94% in its first year of trading, the price of Shiba Inu exploded in 2021, recording a massive 43,220,000% growth and hitting an all-time high of $0.00008819 in October 2021. Regrettably, such statements are not just deceptive; they are also harmful to us, the retail investors. Shiba Inu Coin ON THE MOVE! The global GDP is estimated to be over $80 trillion. Following the massive drop, the price has gradually returned to normal. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. How high can , The trend of the crypto market is currently up. The Shiba Inu project recognizes the potential of the virtual world and has launched non-fungible tokens to tap into its ecosystem. It means the Shiba Inu (SHIB) coin does not have any independent mining network. What are Shiba Inu coin price predictions for 2040 and 2050? That is why Bitcoin is the most popular cryptocurrency. More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. Shiba Inu prepares for higher targetsWhere will SHIB go next? Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. But it took until 2021 before it was worth a cent. There you have it, Shiba Inus goal is not to reach $10 or even $1. It is not anchored on unique blockchain technology - just hosted on, Price prediction websites, crypto experts, and even, website paints a rather grim future for the altcoin. According to Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! And if the uptrend that the token has posted in October 2021 is anything to go by, Shiba Inu can be expected to resume its price rally soon. Please invest wisely. 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. Author has 1.7K answers and 477.7K answer views 1 y That's 1,000 trillion. Lastly, there would almost certainly need to be a large coin burn event. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. Soloway's price projections have historically been accurate. Shib price prediction 2030 in Indian Rupees: Shiba Inu is . That represents a whopping 2.1 million percent jump. SHIB can be transformed into a utility token by minimizing its supply in distribution. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. Will Shiba Inu Reach $1 or 50 cents? This is a Layer 2 solution that could solve some of Shiba Inu's problems. Shiba Inu is a decentralized cryptocurrency that was launched in August 2021. Trillion is correct. However, due to the general decline of the crypto market, that hasnt come to pass. Will Shiba Inu Reach 1 Cent? Heres a table that shows the market cap of various popular stocks and metals in the world. If more tokens are burnt, it will increase demand as supply dwindles. These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. Will Shiba Inu coin reach $1? Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. The reason is Shiba Inu belongs to a controversial niche with no real use-case. since, 2020 Shiba has surged by 32k x and people who invested $1000 already reached to million worth investments. 1/2 ? Click here to watch the talks of the amazing Berlinverse speakers. Nonetheless, the price has been reduced even further. 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. SHIB or DOGE: Is Shiba Inu better than Dogecoin in 2023? Today, it would have to rise a lot less - by about 2,000,000% to reach the $1 mark. This makes it a hard sell to serious crypto investors, which in turn makes it hard for it to outlast the current hype and grow its worth above a penny. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, finish 2021 higher by a "pedestrian" 46,000,000%, virtually no chance of this lofty price target becoming a reality, Copyright, Trademark and Patent Information. The only significant difference was the creator built Shiba Inu on the Ethereum network. Shiba Inu coin has landed on the tally of the top 10 tokens purchased by the biggest whales in the last 24 hours. This effectively invalidates the pre-market crisis predictions that expected the price rally to thrust it towards $1. SHIB/USD eight-hour chart. While it seems. Platform has 3 active product that include Shibaswap, leash and Bone token. When will Shiba Inua Coin reach a penny? In 2015, Dogecoin was also worth $0.00008690. Cost basis and return based on previous market day close. As it happens, Shiba Inu first spurred these hopes when it skyrocketed by over 1,069% to its all-time high (ATH) of $0.00007924 back in late October 2021, only to drop 86.75% since then, at press time changing hands at the price of $0.00001137, as per data retrieved on March 3. If these products are widely adopted, they could serve as a catalyst for the price of SHIB to move higher and make it one of the best cryptos to buy. In a worst-case scenario, if ADA fails to rebound at the $0.35 price mark, ADA should go lower to reach the next target of $0.30. This was already a feature of Dogecoin, which launched back in 2013, but the newer generation of meme coins like Shiba Inu has taken this concept to the extreme. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. Shiba Inu developers are about to launch Shibarium. Can Shiba Inu coin reach 1 cent or $1? And according to the CoinMarketCap list of the largest cryptocurrencies, Shiba Inu - the Dogecoin Killer - is ranked in the top 15 cryptocurrencies with a market capitalisation of $11 Billion. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. The GDP of the entire planet earth is around $80 Trillion. When Will Shiba Token reach $10 USD? They are, however, not convinced that the token can reach $100 or $10 in the next few years. How possible is this Cardano . The more it is used for transactions, the higher the burn rate. Can SHIBA INU Coin Price Reach $0.01, $0.10 or $1.00? As of writing, Shiba is unstoppable as it setting new all-time high record with time following positive news. However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. On October 28, 2021,. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. 1$ SHIB Price Possible? The SHIB price is currently $0.000007949 at the time of writing. 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. Other projects being worked on by the Shiba Inu team include the ShibaSwap decentralized exchange, the Shiboshis NFT collection and SHIB: The Metaverse. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. At its all-time high, SHIB had a market capitalization of $43 billion. You can use Shiba Inu to pay at certain merchants. In January 2022, NFT trading volume totaled $17 billion. To add to this list, coin burn is unlikely to provide the benefit SHIB holders expect or hope for. Independent miners worldwide run thousands of mining computers (rigs) to keep the network alive and running. 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. Before we get started, however, lets take a brief look at the story of the Shiba Inu project and its journey towards the top of the crypto markets. The Shiba Inu coin, launched less than a year ago and named after the dog breed, is a cryptocurrency that trades as SHIB and champions itself as the "Dogecoin killer.". Well explain why SHIB will never achieve 10 cents in this essay. We can expect 1 cent mark probably in year 2022. 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. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. 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. *Average returns of all recommendations since inception. In July 2021, Buterin donated 50 trillion SHIB coins, which represented 5% of its total supply, to India's Covid-19 relief fund. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. Still, Shiba Inu,. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. In reality, you shouldnt be looking at a coin or tokens price per unit when trying to see if it is undervalued or overvalued. The purpose of Shibarium is to drastically reduce transaction fees. Its another ERC20 token on the Ethereum network. Dogecoins current supply is 132 billion coins, with about 5 billion new coins being added per year. Even though weve hopefully demonstrated that you shouldnt expect SHIB to ever reach 1 cent, that doesnt mean that there isnt any potential upside for Shiba Inu. Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. 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. This coin is also called the Dogecoin Killer. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? At its peak on Oct. 27, a single SHIB token set investors back $0.00008841. Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023? Unlike Apple, Tesla, or Microsoft, it is neither a product nor a platform. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. In September, 1.5 million people searched for "Shiba Inu coin," believe it or not. eToro have proven themselves trustworthy within the crypto industry over many years we recommend you try them out. Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. Not only are these games a lead-in to future metaverse ambitions, but they're expected to fuel a marketplace where NFTs can be bought and sold. This is impractical. On the other hand, SHIB does not create any product; its a currency. Meme coins like Dogecoin and Shiba Inu Coin were particularly popular. First, the recent crypto shock took the market by surprise and threw it into disarray. This could be similar to the run of Dogecoin itself. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. In contrast to Dogecoin, which has its own blockchain, SHIB is issued on the Ethereum blockchain. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. Learn More. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; And it's climbed more than 44,000,000% this year. CryptoTicker announces its first NFT Collection How to participate? At the time of writing, Apple is the worlds most valuable company, with a market capitalization of about $2.14 trillion. While SHIB has seen massive price increases in the past, the chance of hitting large multiples becomes smaller as the market cap of the asset grows. Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. The price has recently dropped to $0.0000082. Top 10 Meme Coins That Could Skyrocket In 2023. Investors are still on a wait-and-see mode, and there is no telling when the crypto prices will start climbing again. Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. Missed DOGE? Most probably between end of 2024 or even start of 2025. A Look at Price Movement So Far 2021 was an exciting year for Shiba Inu Coin. The Shiba Inu coin, similar to Dogecoin, is a meme-based cryptocurrency that was created in August 2020 by an anonymous person (or a group of people) who go by Ryoshi. To make the world smarter, happier, and richer. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. The consent submitted will only be used for data processing originating from this website. Will Shiba Inu Reach $1 USD? At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. And why do they not believe it can hit $10 in the next 5 years? We will concede that this answer could change dramatically in the future. This is an easy to use online charting tool that requires no downloads or prior knowledge. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $. Could Shiba Inu Help You Become a Millionaire? 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. Can SHIB double again? To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. Just like the broader crypto market, the Shiba Inu (SHIB) price is currently at a crucial turning point from a technical chart analysis. SHIB, on the other hand, is a cryptocurrency based on ERC20 tokens.