Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. It may not even reach one cent. This growth can occur only if there is an active burn program. Making the world smarter, happier, and richer. Keep this information in mind as you make investment decisions. This does not mean that it is a certainty. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. The crypto is on the rise this year, with a gain of 64% so far. And the more accessible the coin is for traders, the more likely it is to be bought and sold, particularly if there's already a spotlight shining down on it. The more it is used for transactions, the higher the burn rate. This does not mean it is a certainty. Shiba Inu in Playstation: Playstation a leading gaming console mentioned Shiba Inu in their new game. And having a large quantity in circulation with a short average holding period doesn't help either. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. The current forecast suggests it will take 25 years to reach this level. 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. The cryptocurrency market climbed past $3 trillion in 2021 as investors piled into this exciting newish market. Compared to DOGE, which has 131 billion in supply for a market cap of $30 billion, it's clear that if there were less SHIB around for the current demand, the value could rise. If more tokens are burnt, it will increase demand as supply dwindles. According to CoinCodexs forecast, SHIB will not be worth 1 cent in 2024. The enabling factors are community engagement, execution plans for the future, and the likely growth of cryptocurrencies in the future. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The prediction is currently expecting the Shiba Inu price to decline throughout 2023, before starting to recovery in early 2024 and eventually starting a big rally. | Crypto Trading Guide For 2023. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? However, due to the general decline of the crypto-currency market, this did not happen. The combined value of. At the time of writing, the forecasted SHIB price one year from now is $0.0000354, which would represent an increase of about 174% compared to the current price. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Let me explain why. 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. The reason is Shiba Inu belongs to a controversial niche with no real use-case. Therefore, the answer to the question Can Shiba Inu reach 50 cents? is, unfortunately, no. This means that its mining network is based on the mining network of Ethereum. Only 1,714 businesses across the globe that accept DOGE as a form of payment. There has been an increase of 814. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. Required fields are marked *, Sign me up for the Money Morning newsletter. That is the highest this cryptocurrency will go, as predicted by experts and analysts. Once again, as with the $1 price mentioned earlier in the article, the short answer to the question of whether the Shiba Inu coin can reach 50 cents is no. 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. 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? Buying, trading, or selling cryptocurrencies should be considered a risky investment, and each reader is advised to exercise due caution before making any decision. Given that it is currently worth $0.00001432, crossing all of these decimal points will require extraordinary market performance. Most crypto players offer the exact same things. size: 550x425 - 550 x 425 */ The more it is used for transactions, the higher the burn rate. However, the forecast accuracy is likely to be low to moderate. Polkadot Price Prediction Today. Both are highly impractical at the moment. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. Samsung to reduce shipments of chips based on older manufacturing nodes, favoring 3nm, Youll be able to delete the last 15 minutes of your Chrome history with a shortcut, Ether.Fi protocol raises $5M to decentralize staking, Bitcoin Delivers Major Bullish Signal for First Time in Over a Year. Invest better with The Motley Fool. But if you're looking for impressive gains sooner, you'll want to look outside of the crypto market to a stock going public that's bound to rocket higher if (location.search.indexOf("continueReading=1") >= 0) { jQuery(window).load(function() { jQuery(window).scrollTop(jQuery("#continueReading").offset().top - 35); });}, Join the conversation. }); January 19, 2023 By Money Morning Stock Research Team, January 9, 2023 By Money Morning Stock Research Team, December 27, 2022 By Money Morning Staff Reports. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit. Whales have played a significant role in boosting the price of Shiba Inu in the past. 2021. How Can I Benefit From Investing In Crypto? And why it can cause Shiba to reach 50 cents? Shiba Inu (SHIB -0.54%) may have helped create some millionaires in the past. At the time, a $100 investment netted a huge . At a $0.50 valuation, the total market cap of SHIB will be $274 Trillion, which is 14 times of US GDP, 3.5 times of World GDP, 274 times more than Bitcoin, 550 times more than Ethereum, 137 times more than Apple (AAPL), and 274 times more than Tesla (TSLA) market cap. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. To make the world smarter, happier, and richer. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. That has crypto investors wondering if the. Or to contact Money Morning Customer Service, click here. That's when it soared a mind-boggling 45,000,000%. And it only gets worse for Shiba Token. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. That's when it soared a mind-boggling 45,000,000%. To make the world smarter, happier, and richer. We saw the same thing with Dogecoin (DOGE), the meme-spired crypto championed by Elon Musk, when it rocketed 11,000% during the peak of its hype. . Shiba Inu Market Capitalization. Therefore, it is essential to research any crypto-currency before deciding to invest in it. If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. This is something that the average crypto investor doesn't seem to understand Reaching a dollar would give SHIB a market cap of nearly 400 billion dollars, which would make it larger than Ethereum. ados.run.push(function() { From that past September to early October, the cryptocurrency gained 320% and pushed its way into the top 20 best-performing cryptos. This could make Shiba Inu one of the main cryptos to explode in 2023. 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. At 1 Cent, Shiba Inus market cap would be $5.6 Trillion. It is financially illogical and mathematically impossible for the Shiba Inu coin to reach $1, so we cannot help but burn the token supply. The price of one token cost $0.00000000051. February 27, 2023 alexandra bonefas scott No Comments . Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. 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. Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. Currently, Shiba Inu has a market cap of $7 billion with a current circulating supply of 550 trillion. If you are a beginner or non-technical person and dont know, Do you want to make money with cryptocurrency in 2023? The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. But it might reach 1 cent after some years of token burns and deflationary mechanics. The coin was never intended to hold its value. Cryptocurrency is a speculative game in which nothing can be predicted with certainty. Shib could hit a penny probably a decade after if many variables go in its favor. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. How Much Is 1972 Dollar Coin Value? If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. While SHIB has some great momentum at the moment, the crypto does have its limitations. In this article, weve addressed the question Will Shiba Inu coin reach 50 cents? by looking at factors such as the large token supply and lack of real-world utility. No, we don't even expect 1 cent price for Shiba Inu in 2025. It's simply a token that runs on the Ethereum network. Even after investors burned billions of Shiba Inu tokens, its price didnt change much. It may also reach 50 cents within the next 10 years. The biggest problem with the Shiba Inu Project is its lack of practicality. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. But even if SHIB undergoes a drastic upward swing, can it reach $0.50? While Dogecoin has a strong chance of reaching $1 in the future, we cannot say the same for Shiba Inu, at least not in its current state. Given that it is an ERC-20 token, i.e., it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. Its 274 times the worth of Bitcoin and Tesla, 550 times more than Ethereum, and 137 times more than Apple. Although the possibility of Shiba Inus coin being worth $1 is slim, it is not impossible. Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. There's also a bit of the past repeating itself at play here. With the hype around Dogecoin, other meme coins enjoyed some interest. We will concede that this answer could change dramatically in the future. The cryptocurrency sector is exploding. This was primarily due to the Dogecoin being particularly . Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. Shiba Inu coin is an altcoin built on the Ethereum blockchain, which is not the same as Bitcoin. But it should set you on the right track for great returns over time. . Weve compiled a list, Introduction Do you want to build a rich, profitable crypto portfolio? In fact, it is still very unlikely, but it is theoretically possible. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. But will the gains last and help lift Shiba Inu to $0.01? By doing a fundamentalanalysis, you can find the best crypto project. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. FinanaceTeam.net is an enthusiastic platform that covers everything from the global finance sectors. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. In addition, it has a current trading volume of $264 million. Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, 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 MACD line is also supporting the current uptrend of Shiba Inu as it moves parallelly with the price trend. Its time to do a fundamental analysis of that project. Protected by copyright of the United States and international treaties. Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. That's because much of its rise is spurred on by hype. Nowadays, cryptocurrency is a game of speculation. Cost basis and return based on previous market day close. Shibarium will decide the future of Shib. It could even take years of sustained positive performance for this to happen. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. Its current circulating supply is about 550 trillion tokens. But why is it so? Also, developing more utility for the Shiba Inu coin will help its value. The Shiba Inu Metaverse is being created, which is fantastic. Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. 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. 29%. However, weve also discussed ways that Shiba Inu can increase their token utility and potentially reach a new all-time high. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. Therefore, if you invest $100 now in SHIB tokens, you can expect to earn $914 in the future. Burning the SHIB token is a way to reduce the total supply. A Best Crypto project develops a solution for the blockchain industry, but the starting purpose of the Shiba Inu is to kill another meme coin. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. Truth. Your email address will not be published. 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. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. It is very unlikely that the Shiba Inu coin will hit the $1 mark as it hasn't shown much growth unlike its Shiba Inu counterpart, Dogecoin. But in the end, the big winners were Dogecoin and Shiba Inu. The most critical of them is the widespread acceptance of Shib because of the wide variety of use cases. So far, more than 410 trillion SHIB tokens have been burned, most of them due to Vitalik Buterin. This is Shiba Inus starting use case. But more than that is needed to reach $1 due to its humongous supply. 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