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. Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. The GDP of the entire planet earth is around $80 Trillion. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. Buterin also sent 40% of Shiba Inu's total supply to a "dead wallet", which is also referred to as burning, according to Shiba Inu's website. The Motley Fool has a disclosure policy. The Shiba Inu project recognizes the potential of the virtual world and has launched non-fungible tokens to tap into its ecosystem. The Motley Fool has a disclosure policy. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? The Big Ripple Price Prediction for 2023 How high can the XRP price go in 2023? But the question remains - can SHIB reach the magical 1 cent mark? Shiba Inu, a new Dogecoin-inspired cryptocurrency launched last August, has now formed ties with crypto.com, the world's largest cryptocurrency exchange. More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years. Thousands of mining machines (rigs) are used by independent miners across the globe to keep the network functioning. Even the thought of getting here is simply unfathomable. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. The global GDP is estimated to be over $80 trillion. Shibarium Update ? Shiba Inu Coin Price Prediction: Is It Reaching $1? - Vizaca *Average returns of all recommendations since inception. Independent miners worldwide run thousands of mining computers (rigs) to keep the network alive and running. But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? The more it is used for transactions, the higher the burn rate. Token officially listed on top tier 1 exchange including Binance, Coinbase, Huobi, FTX and others. Shiba Inu Coin Price Prediction 2040 & 2050: Can it Explode? 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. $1 means almost 1803651% up from price $0.00005544 USD. SHIBA INU COIN SECRET LEAK TO HIT $ 0.10 January 2022! - CoinMarketBag More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. After learning about Shiba Inu you will better understand is Shiba Inu a good investment for long term? When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. 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. Can Shiba Inu coin reach 1 cent or $1? In today's episode, I discuss when Shiba Inu Coin will reach a penny! This is a Layer 2 solution that could solve some of Shiba Inu's problems. The Answer might SHOCK You! 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. Before 2021, its trading volume was extremely low, less than $1,000 on most days. SHIB was largely unknown for about half a year after it was created. Dogecoin is a cryptocurrency that exists independently of Bitcoin. 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. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. The reason is what we like to call the cheap coin fallacy. Shiba inu market volume continue to grow following successful audit and other trading safety protocol. However, the fact remains that some people are drawn to coins that have a low price per unit due to the cheap coin fallacy. For more than a century, the stock market has been one of the greatest wealth creators on the planet. Input your search keywords and press Enter. We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. 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. At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. SHIB. The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. The possibility of such price action taking place is theoretically impossible, given that the global GDP for all countries is just around $100 trillion. Simply put, it's vanishingly unlikely that Shiba Inu will ever reach 1 cent, let alone any higher. Is it expected to reach $10 or more in the next five years? Lets See The Next 5 Alternatives. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Like many altcoins, Shiba . pic.twitter.com/zQRoOuL9oW. Burning the SHIB token is a way to reduce the total supply. 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. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. It's somewhat similar to a publicly traded company enacting a stock buyback. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. However, SHIB was not spared during the cryptocurrency bear market of 2022. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. In this article, we will explain why SHIB can never hit 10 Cents. Will Shiba Inu reach $0.10 this year? | The Sun Shiba Inu Coin Trends On Twitter, Google: Will SHIB Reach 1 Cent? Shiba Inu coin: What experts say about the 'Dogecoin' killer hype - Fortune Elon musk recently asked to reveal how much he holding Shiba token and he replied none. Let's elaborate. This News Confirms. SHIB or DOGE: Is Shiba Inu better than Dogecoin in 2023? Therefore, the SHIB coin is not something new. This price represents a 5% fall in 24 hours, a 13% loss in a week and a 3.5% decline in the last 30 days, with the meme token unable to escape the wider market's problems. Looking at the 4-hour price chart, SHIB price is preparing to trade above the EMA-20 trend line as it witnesses a spike in trading volume. Yesterday, Shiba beat Ethereum in 24-hour trending volume collectively on DEX and CEX. As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. Long-term, a currency has no intrinsic worth. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. To Shiba Inu (SHIB) reach $0.10, the total market cap of SHIB has to be 549 Trillion x $0.10 = $54.9 Trillion. What will Shiba Inu coin be worth? (Don't be Upset) - Cryptooof It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. However, due to the general decline of the crypto market, that hasnt come to pass. We will concede that this answer could change dramatically in the future. Because of the nature of these coins, this is the case. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. Shiba market cap volume is crossed billion worth and now heading towards setting half trillion worth if more investor continues to show same interest. This is an easy to use online charting tool that requires no downloads or prior knowledge. The cryptocurrency was made as a joke in the likeness of the dog breed Shiba Inu. Nicknamed the "Dogecoin killer," many. 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 was not uncommon for the total daily trading volume in SHIB to come in below $500 in the months following its debut, based on data from CoinMarketCap.com. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. To reach $0.10 shib would need to be 10trillion, aka the most valuable asset in history. Could Shiba Inu Help You Become a Millionaire? The whole cryptocurrency market cap, including all coins and tokens, is less than $2 trillion. Generally, the burning mechanism for SHIB depends on its usage. However, credit must be given where credit is due. 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. Why Shiba Inu (SHIB) Can't Reach $1 Crypto Reality Check What would it take for. As we dig in, Shiba Inu is the largest token held by the dollar value among the largest 100 ETH whales. //]]>. And even Shiba Inu token developers know it. Heres a table that shows the market cap of various popular stocks and metals in the world. Shiba Inu: A Brief Overview. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. 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. I don't think so. Since its launch in August 2020, Shiba Inu Coin (SHIB) has become one of the most talked about cryptocurrencies on the market. The following are the advantages: While most crypto users are already aware of SHIBs meme token, it is trying to expand beyond its preliminary public image, with a rising community that includes a DEX, NFT, and a game influenced by Shiba Inu. we have seen shiba in the list of top gainers crypto on Coingecko and CoinMarketCap tracking platform. 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. However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success. Will Shiba Inu coin reach $1? window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; Will Shiba Inu reach 1 cent in 2025? (NO Fake Promise) This question seems to come up on social media multiple times per day. Shiba Inu Coin Price Prediction: What To Consider - SeekingAlpha This could be similar to the run of Dogecoin itself. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $0.000028 by December 2025. Finally, if Shiba Inu were to reach $0.001, it would have a market value of nearly $550 billion. As of writing, Shiba is unstoppable as it setting new all-time high record with time following positive news. . Shibarium will also use five utility tokens to meet its objectives SHIB, BONE, LEASH, TREAT, and SHI. Shiba Inu Price Prediction Shib Price is Up, Will it Continue to Climb? For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . The United States entire Gross Domestic Product (GDP) is about $20 trillion, whereas Chinas GDP is roughly $14 trillion, according to the Federal Government. If youre interested, check out our list of the meme coins that could be the next to explode. Will Shiba Inu Reach 1 Cent? A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. 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. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. Will Shiba Inu Reach $1 or 50 cents? Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. The price dropped dramatically from $0.000014 to $0.000009. 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. Is Shiba Inu Price BULLISH? Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. That represents a whopping 2.1 million percent jump. Initially, the project will use the SHIB token to facilitate the purchase of Shiba Lands, which are made up of NFTs. Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. But since they all remain confident that the SHIB token prices will continue rising in the foreseeable future, how far up do they then expect the token to reach by 2026? CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. Invest better with The Motley Fool. Could Shiba Inu (SHIB) make you a millionaire? - finbold.com However, price predictions are not set in stone, as market conditions can change radically. The rally in Shiba Inu is widely supported by the volumes which rose more than 250 per cent in the last 24 . What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. we know in term of safety of trading it already passed criteria of Binance and Coinbase exchange. 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. It is not anchored on unique blockchain technology - just hosted on Ethereum, it has not achieved a medium of exchange status, and it has no real value. SHIBA INU technical analysis for today - Mar 02, 2023. 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]. 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). 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. SHIB is trading up 29% to $0.00001037 at the time of writing. 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. 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. 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). Trillion is correct. All of this means Shiba Inu doesn't stand out from the competition. 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. Shibaswap, the ecosystems native DEX, can be utilized by stockholders to exchange tokens, take part in governance, create passive income, and buy NFTs. Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00005546. 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. https://twitter.com/ShytoshiKusama/status/1606678505378430980?s=20&t=FyxMz9Yn5vBSoJcau8-cDw, Now, the Shibarium layer-2 blockchain will be launched soon, according to one of the projects lead programmers on Twitter. Here's why. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. Please make cautious investments. The. It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. 131 Billion Shiba Inu Coin Scooped By The Whale; Is This Shibarium Effect? By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. Today, it would have to rise a lot less - by about 2,000,000% to reach the $1 mark. According to CoinMarketCap, there are currently 549 Trillion SHIB coins in circulation. Should You Buy Shiba Inu While It's Below $0.01? That's unlikely to happen. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. Could Shiba Inu Help You Become a Millionaire? The most notable of these products is Shibarium, a layer 2 scaling platform for Ethereum. SHIB rose by over 85,000,000% within a year and hit its all-time high on October 28, making itthe most prominent example of a monumental bull run in crypto in recent years. Shiba Inu's biggest catalyst yet may be days away. Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. As of this writing, there's no set date for when Shibarium will be beta-tested in public view. Over the past nine months, only 56 new merchants have come to accept Shiba Inu as payment on Cryptwerk. This was a reach even in the bull market, and is extremely unlikely now. Additionally, transaction fees can soar during these periods of congestion. How high can Solana go? An example of data being processed may be a unique identifier stored in a cookie. 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. Unlike Apple, Tesla, or Microsoft, it is neither a product nor a platform. But we have to give credit where credit is due. Shiba inu community need to start working on utility and bringing more product on the platform. The will shiba inu coin reach 10 cents is a question that many are asking. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. Further, Shibarium's launch was widely expected last year. Adria Cimino has positions in Ethereum. Assuming SHIB gains just 200 percent per month, the crypto could. SHIB. Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. Here are 3 Cryptos to Buy in March 2023. Of course, Shiba Inu going to 1 dollar is an even more unrealistic scenario. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. 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 (SHIB) will never reach $0.10 or ten cents. It's simply a token that runs on the Ethereum network. 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. 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. You also have to look at its massive maximum token supply. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. Please invest wisely. On the Ethereum network, SHIB is a monetary token. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. That is why Bitcoin is the most popular cryptocurrency. Continue with Recommended Cookies. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. 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. FACT: Will Shiba Inu Coin reach $1 during the next Bullrun? Let's take a closer look. Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. Shiba Inu was launched in August 2020 without much fanfare. By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. The price of SHIB soared from 0.00001 to 0.000014 US dollars. When will Shiba Inu coin reach $1? Can Shiba Inu coin reach $10 - Quora At the time of writing, Apple is the worlds most valuable company, with a market capitalization of about $2.14 trillion. Being an emotional investor taints our judgment and causes us to make poor financial judgments. 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. Well explain why SHIB will never achieve 10 cents in this essay. 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. What if Shiba Inu coin hits the 10cents ? Or even 1 usd? Do - reddit Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. 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.". 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. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. However, the SHIB burn could still contribute to making SHIB a good investment. 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). Can Shiba Inu Reach 10 Cents by 2024? - Webnews21 As an investor, we have to be impassioned. Manage Settings The reason is Shiba Inu belongs to a controversial niche with no real use-case. As a result, Crypto traders are keeping an eye on. Making the world smarter, happier, and richer. 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). Crawl With The Crypto Top-Dogs Or Get Crawled Over: Dogecoin, Shiba Inu And it's climbed more than 44,000,000% this year. Shiba Inu Coin ON THE MOVE! Shiba Inu Coin Price Prediction 2040 & 2050: Can it Explode? Efforts are underway to burn Shiba Inu tokens to reduce supply. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. We can safely assert that a cryptocurrencys long-term viability is mostly dependent on technology and community, based on our experience. Will Shiba Inu (SHIB) Reach 1 Cent? - ProVsCons When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. 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. 6% of every transaction is redistributed to all holders of Surge Inu, Surge Inu promises to buy SHIB and $SURGE at any major market cap milestone and burn the supply. This could drive the SHIB price to 1$. 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. Is Shiba Inu (SHIB) Expected to Reach $10 or More in the Next 5 Years?