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. One of the common searches and questions is if SHIB can reach 1 cent. You also have to look at its massive maximum token supply. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. However, price predictions are not set in stone, as market conditions can change radically. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. Despite Ethereums recent move to aPoS network, transaction speeds are still yet to drastically improve. This is a . But the question remains - can SHIB reach the magical 1 cent mark? Meme coins like Dogecoin and Shiba Inu Coin were particularly popular. *Average returns of all recommendations since inception. How will Shiba Inu Perform in Q1 of 2023? Shibarium is being established as a layer-2 blockchain to improve the scalability of Shiba Inus host chain Ethereum. As a result, Shiba Inu took off. 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. It's certainly not impossible; but it'll need a lot of help to get there. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. Is Shiba Inu Price BULLISH? By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. That's 1,000 trillion. On October 29, 2021, Shiba Inu's price increased by more than 10 times, giving the company a $41 billion market value. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. There were 1000 trillion SHIB (1 quadrillion) in the start, but roughly 451 trillion were locked up or burnt forever. A Look at Price Movement So Far 2021 was an exciting year for Shiba Inu Coin. We will concede that this answer could change dramatically in the future. Are You Bored with Shiba Inu? Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. It's always traded at a fraction of a cent -- and for good reason. This effectively invalidates the pre-market crisis predictions that expected the price rally to thrust it towards $1. The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. As of writing, SHIB's price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. In order for SHIB to hit $0.001, the development, public test, and launch of Shibarium would have needed flawless execution. Heres a table that shows the market cap of various popular stocks and metals in the world. 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. With its unique 'dog-themed' design and meme-based marketing, it has attracted a loyal fan base and gained a lot of attention from investors. 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's simply a token that runs on the Ethereum network. Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. The total cryptocurrency market of all coins and tokens combined is under $2 trillion. since, 2020 Shiba has surged by 32k x and people who invested $1000 already reached to million worth investments. 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, those claims are not only misleading; its dangerous for us the retail investors. Dogetti: The Dogefather of Meme Coins Family and community are the foundation of this coin's success. And that doesn't weigh in Shiba Inu's favor. So, will Shiba Inu reach 1 cent? Interest in blockchain-based gaming, as well as NFT trading/ownership, has fallen off a cliff. Shibarium will also use five utility tokens to meet its objectives SHIB, BONE, LEASH, TREAT, and SHI. Invest better with The Motley Fool. As a result, Crypto traders are keeping an eye on. Without getting overly complicated, layer-2 blockchain is a series of secondary solutions overlaid atop existing blockchain to enhance functionality. Chipotles first investment in bitcoin Microsoft is a company that specializes in (MSFT), Amazon is a company that sells books (AMZN), The Total Market Capitalization of the Worlds Stock Exchanges. Shiba Inu Coin could reac. Trillion is correct. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. Is SHIBA INU even Alive? 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. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. At its all-time high, SHIB had a market capitalization of $43 billion. 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 $1 dollar of 50 cents. 1$ SHIB Price Possible? Now coming back to topic, as our platform suggested different prediction for Shiba Coin, as being one of the small investors of Shiba most of you wanted to know what is next target for Shiba in coming months or year. Secondly, analysts are conscious of the impracticality of the price leap that Shiba Inu needs to make if it is to reach $10 by 2026. More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. Input your search keywords and press Enter. 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. Is it expected to reach $10 or more in the next five years? Most probably between end of 2024 or even start of 2025. //]]>. 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. Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. This coin is also called the Dogecoin Killer. Despite its parabolic price jumps in the last few months, reaching $10 will be an uphill task. Please make cautious investments. Invest better with The Motley Fool. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. 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. 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. This low price was a reflection of Shiba Inu's creator placing 1 quadrillion tokens in circulating supply. Here Are The Two Other Dog Token Alternatives. Each offers distinct ways for stockholders to raise their investment return. Can Shiba Inu Reach $1? Its another ERC20 token on the Ethereum network. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; Coin burn involves sending tokens to a dead blockchain address where they can no longer be accessed. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. The most you can do with SHIB tokens is transfer them from one wallet to another. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. SHIBA INU recorded 15 green days in the last 30 days. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The only significant difference was the creator built Shiba Inu on the Ethereum network. As investors, we must be passionate about our investments. Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. pic.twitter.com/zQRoOuL9oW. Can Shiba Inu reach 1 cent? Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. Nicknamed the "Dogecoin killer," many. (source). This could be similar to the run of Dogecoin itself. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Cryptos are Consolidating! Shiba Inu isn't a blockchain. 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, Copyright, Trademark and Patent Information. The first decentralized cryptocurrency was. The price of SHIB soared from 0.00001 to 0.000014 US dollars. Here Are the Chances for the SHIB Price to Increase, meme coins that could be the next to explode. Here are 3 Cryptos to Buy in March 2023. Shiba Inu's biggest catalyst yet may be days away. Shiba Inu developers are about to launch Shibarium. The Shiba Inu project will reach a price of ten cents by 2024, based on the growth of the . The total maximum supply of Shiba Inu tokens is 1 quadrillion. Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. Will Shiba Inu prices rise again? As a result, the price per token is extremely lowat the time of writing, 1 SHIB is only worth $0.00001110. If youre a speculator, you can sometimes leverage this to your advantage. But over the past decade, cryptocurrencies have turned this traditional moneymaking strategy on its head. Shiba 2023 Price Prediction in INR: Shib is predicted to touch 0.0025 by the end of 2023. Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. Shibarium would change all of that, with operations moving on to this separate network. At its absolute peak, BTC had a market capitalization of $1.27 trillion. The price of Shiba Inu has fallen from its weekly high and is currently holding at $0.00000917, and a break above that level is necessary to maintain the uptrend and reach highs above $0.00001. A single SHIB coin is . 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. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. SHIB is a monetary token on the Ethereum network. Its current circulating supply is about 550 trillion tokens. As noted, Shiba Inu is an ERC-20 token on Ethereum's blockchain. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. 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. As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. Investors are still on a wait-and-see mode, and there is no telling when the crypto prices will start climbing again. SHIB/USD eight-hour chart. Developers delayed the launch of Shibarium more than once last year. In other words, it removes coins from the circulating supply and, in theory, makes each remaining token that much more valuable. SHIB, on the other hand, is a cryptocurrency based on ERC20 tokens. the 1-month volatility of the coin is at 5.26. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . Here's why. To Shiba Inu (SHIB) reach $0.10, the total market cap of SHIB has to be 549 Trillion x $0.10 = $54.9 Trillion. According to CoinMarketCap, there are currently 549 Trillion SHIB coins in circulation. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. At the time of writing, the ERC-20 token is trading around $0.00002076. A currency does not have inherent value long term. Shiba Inu's price history. However, SHIB was not spared during the cryptocurrency bear market of 2022. Initially, there were 1000 Trillion SHIB (1 Quadrillion), but around 451 Trillion has been locked away or burned forever. The Shiba Inu coin price rose by 5% on the day, and it continued to increase as NowPayments also incorporated the coin as a payment channel for e-commerce platforms. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. 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. Many articles, YouTube videos, and forum posts claim Shiba Inu (SHIB) crypto can or have the potential to reach $0.10 in value. Most probably between end of 2024 or even start of 2025. Let's find out. While it seems. Sean Williams has no position in any of the stocks mentioned. Here's what the prospects look like for SHIB as it struggles to reach the one cent mark. The reason is Shiba Inu belongs to a controversial niche with no real use-case. On the Ethereum network, its another ERC20 token. Will Shiba Inu Reach $1 or 50 cents? Long-term, a currency has no intrinsic worth. Assuming SHIB gains just 200 percent per month, the crypto could. Even during SHIBs all-time high in October 2021, when the token was trading at $0.0000881, SHIB would have needed to increase in price by 113x to hit a price of $0.01. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Token officially listed on top tier 1 exchange including Binance, Coinbase, Huobi, FTX and others. As per the current Shiba Inu coin price prediction 2025, SHIB can reach a value of $0.0028 per coin by 2025 month end. It is to outpace Dogecoin and beat its market capitalisation even if the SHIB token prices remain under a penny. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. SHIB at. Just like the broader crypto market, the Shiba Inu (SHIB) price is currently at a crucial turning point from a technical chart analysis. If the cryptocurrency market enters another bull run, SHIB could very well be one of the meme coins to explode. SHIB. Secondly, analysts are conscious of the impracticality of the price leap that Shiba Inu needs to make if it is to reach $10 by 2026. With momentum playing such a key role for digital currencies, the fear of missing out (FOMO) would be important. The. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. After learning about Shiba Inu you will better understand is Shiba Inu a good investment for long term? The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Even the thought of getting here is simply unfathomable. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. When will Shiba Inua Coin reach a penny? It defies logic that SHIBs market value is 54 times more than Bitcoins, 100 times greater than Ethereums, 27 times greater than Apples, 2.5 times greater than US GDP, or half of global GDP. We can safely assert that a cryptocurrencys long-term viability is mostly dependent on technology and community, based on our experience. 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. 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. Initially, the project will use the SHIB token to facilitate the purchase of Shiba Lands, which are made up of NFTs. These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. 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. Will Shiba Inu reach 1 cent? In this context, the factors of project niche, marketcap, revolution, and innovations are significant. That's when it soared a mind-boggling 45,000,000%. It's somewhat similar to a publicly traded company enacting a stock buyback. Shiba Inu is nothing but Japanese Dog breed started as meme coin and now become biggest investment in crypto world. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? SHIB can be transformed into a utility token by minimizing its supply in distribution. This could be similar to the run of Dogecoin itself. Although it eventually pulled back to finish 2021 higher by a "pedestrian" 46,000,000%, Shiba Inu enthusiasts still believe it can reach $0.001 (one-tenth of a penny). Of course, Shiba Inu going to 1 dollar is an even more unrealistic scenario. 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? The first thing to understand about digital currencies is that there aren't many tangible catalysts for investors to wrap their hands around. First, a little background on Shiba Inu's path so far. This is a Layer 2 solution that could solve some of Shiba Inu's problems. Generally, the burning mechanism for SHIB depends on its usage. Will Shiba Inu Reach $1 USD? 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 hype surrounding Shiba Inu ( SHIB) is still there amid ongoing discussions on whether it faded away or not due to recent on-chain metrics. You can use Shiba Inu to pay at certain merchants. In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). For more context on why its so unlikely anything could boost SHIB to a penny, lets take the example of Bitcoin. Its not only the pioneer but also has the most prominent crypto following in the world. From the fundamental side of things, the Shiba Inu team is working on several products that are geared towards making SHIB a more attractive token to hold. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. Soloway's price projections have historically been accurate. Burning the SHIB token is a way to reduce the total supply. Gaming doesn't look as if it's going to differentiate Shiba Inu, either. Shiba Inu was launched in August 2020 without much fanfare. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Shiba inu market volume continue to grow following successful audit and other trading safety protocol. websites is a tad more optimistic. Additionally, transaction fees can soar during these periods of congestion. The Motley Fool has positions in and recommends Ethereum. However, due to the general decline of the crypto market, that hasnt come to pass. The crypto market always moves step by step with a full of context. 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. Shiba Inus biggest catalyst yet may be days away. Author has 1.7K answers and 477.7K answer views 1 y With the hype around Dogecoin, other meme coins enjoyed some interest. This means raising its price levels at a rate of 3.6 million percent per annum or 300,000% per month, without fail, for the next five years. Check outGoCharting! Tax on profits may apply. 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. Its absurd that the total market cap of SHIB will be more than Bitcoin, Ethereum, Apple, Tesla, and other valuable companies when SHIB is nothing but an Ethereum based ERC20 token. (. They have alluded as much on the official Shiba Inu website stating that Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin. They are cumulatively holding $601 million worth of SHIB tokens. From there also . Big News: Ripple Price is about to TRIPLE? This could really drive the SHIB price in 2023. Response from investor and real user are unreal because it giving tough competition to dogecoin community in term of voting. So it is essential to research any cryptocurrency before you decide to invest in it. Unlike Apple, Tesla, or Microsoft, it is neither a product nor a platform. We know Shiba completely community backed currency and more people keep holding their investment it keeping pushing price upward. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Will Shiba Inu (SHIB) Eventually Reach $100? Dogecoin was developed in 2013 as a comical spin on the then-emerging trend of cryptocurrencies - whereas Shiba Inu was developed in 2021 as a "meme coin" that was a rival to Dogecoin. 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. Shiba Inu Traded Volume SOARS! As of this writing, there's no set date for when Shibarium will be beta-tested in public view. Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record, Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit, How to Buy Decred (DRC) in 2021 [Step-by-Step Buyers Guide].