Before 2021, its trading volume was extremely low, less than $1,000 on most days. Finally, if Shiba Inu were to reach $0.001, it would have a market value of nearly $550 billion. We will concede that this answer could change dramatically in the future. Popular meme token Shiba Inu (SHIB) is stirring up some excitement. Are You Bored with Shiba Inu? Manage Settings 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. Solanas Network Outage: A Sign of Trouble for Investors? the 1-month volatility of the coin is at 5.26. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. Shiba Inu is one of the most popular cryptocurrencies out there. SHIB's entire market value will be $54.9 trillion at a $0.10 valuation, which is 2.5 times more than US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple Inc. (AAPL), and 55 times more than Tesla's (TSLA) market cap. The rally has led its market-cap to hit the $15.5 billion mark, putting it back in the top 15 cryptos in terms of market-cap. SHIB at. From the above chart, we see that for SHIB to reach 10 cents, the total market cap of Shiba Inu has to be 549 Trillion x $0.10 = $54.9 Trillion. Currently trading at $0.000020, the, For starters, it has no real value. Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. The FTX crash harmed the Shiba Inu coin at the beginning of November, and the Shiba Inu prediction became shaky. In August 2020, when Shiba Inu made its debut, it was one of thousands of nondescript tokens looking to make a name for itself in the digital currency space. Like many altcoins, Shiba . 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. Shiba Inu Coin could reac. The first decentralized cryptocurrency was. Despite its low price per unit, Shiba Inu has surpassed 1.3 million unique addresses . (. 1 zero needs 10% of coins burned. Shiba Inu's coin supply totals 549 trillion. 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. SHIB, on the other hand, is a currency rather than a commodity. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. Click here to get a 10% discount on your first payment (monthly or yearly)! The only significant difference was the creator built Shiba Inu on the Ethereum network. The price of SHIB soared from 0.00001 to 0.000014 US dollars. Over the past 24 hours, Shiba Inu has experienced a decline of 0.12%. $1 means almost 1803651% up from price $0.00005544 USD. So, will Shiba Inu reach 1 cent? 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. Following the massive drop, the price has gradually returned to normal. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. The Shiba Inu project will reach a price of ten cents by 2024, based on the growth of the . Therefore, according to simple reasoning, the SHIB coin will never even reach a valuation of $0.10 or 10 cents. The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. All of this means Shiba Inu doesn't stand out from the competition. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. That'd be bigger than all but five publicly traded companies in the United States and would make no sense given SHIB's complete lack of utility. 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. But this would require burning a significant amount of the token for the price to rise to 1 dollar. Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. 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. Things can be line people will pay less or even no attention to meme typed coins in 2025. Regrettably, such statements are not just deceptive; they are also harmful to us, the retail investors. The whole cryptocurrency market cap, including all coins and tokens, is less than $2 trillion. The creator of Shiba Inu is known under the pseudonym Ryoshi. 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. On October 29, 2021, Shiba Inu's price increased by more than 10 times, giving the company a $41 billion market value. That's unlikely to happen. The will shiba inu coin reach 10 cents is a question that many are asking. Much of the SHIBs popularity comes from its meme coin status, as its often promoted by its holders on various social media platforms through memes and viral campaigns. The only way that shiba inu eats zeros is if the quantity of coins drops drastically. That would be a 1000% plus increase from where the Shib coin is at now, which might sound like a good opportunity to invest. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. *Average returns of all recommendations since inception. (source). However, due to the general decline of the crypto market, that hasnt come to pass. This is especially true for Shiba Inu, which has only been around since the summer of 2020 and therefore doesnt have a long price history that would help us understand how SHIB tends to behave across crypto market cycles. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; 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. The will shiba inu reach $1 cent in 2022 is a question that many are asking. Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. This is impractical. 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. 6% of every transaction is redistributed to all holders of Surge Inu, Surge Inu promises to buy SHIB and $SURGE at any major market cap milestone and burn the supply. The total maximum supply of Shiba Inu tokens is 1 quadrillion. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. Elon musk also mentioned similar thing in different way, as they told people to focus more on product instead of farming, burning or other non-utility token. However, the Shiba Inu coin was also negatively impacted by the FTX crash in the days that followed. If youre interested, check out our list of the meme coins that could be the next to explode. Elon musk recently asked to reveal how much he holding Shiba token and he replied none. Still, Shiba Inu,. SHIB or DOGE: Is Shiba Inu better than Dogecoin in 2023? There is a mining mechanism in place for these cryptos. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. 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. At its peak on Oct. 27, a single SHIB token set investors back $0.00008841. Shiba market cap volume is crossed billion worth and now heading towards setting half trillion worth if more investor continues to show same interest. The global GDP is estimated to be over $80 trillion. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. At a $0.01 valuation, the total market cap of SHIB will be $5.89 Trillion, which is 5 times more than Bitcoin, 10 times more than Ethereum, and 3 times more than Apple (AAPL), and 5 times more than Tesla (TSLA) market cap. SHIB is based on Ethereum ERC20. Shiba Inu (SHIB) will never reach $0.10 or ten cents. Overall, the Shiba Inu price was lower after the crash than it had been earlier. Let's find out. Here are 3 Cryptos to Buy in March 2023. Adria Cimino has positions in Ethereum. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. Before the last 2021 crypto market rally went up in smokes in December, particularly at the height of the Shiba Inu rally, some highly optimistic crypto price forecasters had indicated that it might reach $1 by the turn of the decade. On October 28, 2021,. You can use Shiba Inu to pay at certain merchants. Because Shiba Inu is constructed on Ethereum, these considerations have slowed significantly the SHIB networks development. Shiba Inu is just behind Dogecoin in the top 10 of all meme cryptocurrencies, despite a sharp decline in the market worth to the current $6.2 billion as of September 25, 2022. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. Will Shiba Inu Reach $1 USD? LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? Dogecoin is a cryptocurrency that exists independently of Bitcoin. The crypto community often predicts prices of Shiba Inu coins falling to a cent of dollar only! Can SHIBA INU Coin Price Reach $0.01, $0.10 or $1.00? Shibarium would change all of that, with operations moving on to this separate network. Instead, you should be considering the coin or tokens market capitalization, as thats what will actually allow you to get an idea of how it compares to other crypto assets in terms of size. SHIB/USD eight-hour chart. Most probably between end of 2024 or even start of 2025. Shiba Inu prepares for higher targetsWhere will SHIB go next? 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. It could happen if enough SHIB token is burnt. Invest better with The Motley Fool. 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. Shibarium is being established as a layer-2 blockchain to improve the scalability of Shiba Inus host chain Ethereum. Even the thought of getting here is simply unfathomable. These cryptos have a mining system. In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). Today, it would have to rise a lot less - by about 2,000,000% to reach the $1 mark. Let's elaborate. since, 2020 Shiba has surged by 32k x and people who invested $1000 already reached to million worth investments. They are cumulatively holding $601 million worth of SHIB tokens. 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. In recent weeks, theShiba Inu coinhas seen significant price fluctuations. Shibarium envisions being an ecosystem from which potential Shiba Inu projects will come up. Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. It's now the 13th biggest cryptocurrency by market value. we know in term of safety of trading it already passed criteria of Binance and Coinbase exchange. Dogecoins massive price increase in the early part of 2021 led crypto speculators to look for the next Dogecoin, and the market settled on Shiba Inu as the best candidate. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. . To reach $1 shib would need to be 100 trillion, worth more than the value of every asset on the planet as of 2017 (80 trillion ish). SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. Clearly, SHIB-USD has come a long way since its. Without getting overly complicated, layer-2 blockchain is a series of secondary solutions overlaid atop existing blockchain to enhance functionality. Meme coins, in particular, had to accept even greater losses. Still, this cryptocurrency may be days away from its biggest moment ever. To get Shiba Inu (SHIB) to $0.10, the entire market value of SHIB must be $54.9 trillion multiplied by $0.10. 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. 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. We answer this question, explore the reasons why experts believe SHIB token prices will rise in the next few months, reasons it wont reach $10 and their Shiba Inu price prediction for 2026 hereinbelow. As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Shiba Inu Traded Volume SOARS! The most notable of these products is Shibarium, a layer 2 scaling platform for Ethereum. Or you can invest in Shiba Inu or stake your holdings to earn passive income. If youre a speculator, you can sometimes leverage this to your advantage. The platform aims to reach a coin value of $0.00001474 by the end of 2023, which would reflect a further 19% increase to the present price. Shiba Inu (SHIB) will never reach $0.01 or 1 cent because it is financially absurd and illogical. So, if there is a cryptocurrency bull run again and demand for Shiba Inu rises, interested buyers will have no problems with acquiring the token. There were 1000 trillion SHIB (1 quadrillion) in the start, but roughly 451 trillion were locked up or burnt forever. Today, most do not expect Shiba Inu prices to even come close to $1 by 2030.

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