The more it is used for transactions, the higher the burn rate. Even the thought of getting here is simply unfathomable. 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. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. As of writing, SHIB's price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. however, Robinhood faces backlash for memecoin listing and even other exchange also facing similar kind of situation. The crypto is on the rise this year, with a gain of 64% so far. As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. Get all Latest News about shiba inu voyager, Breaking headlines and Top stories, photos & video in real time The Shiba Inu project will reach a price of ten cents by 2024, based on the growth of the . In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). Here's what the prospects look like for SHIB as it struggles to reach the one cent mark. While on our last post we wanted to remind everyone that BONE ? Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. I don't think so. Shiba currently based on Ethereum blockchain and it currently have no big utility apart from NFT and community. This is a major development because the primary criticism directed at Ethereum is its increased gas fees and low latency functionality. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! They are cumulatively holding $601 million worth of SHIB tokens. . Shiba token burning program protocol has changed, as initially token was transferred to Ethereum founder wallet. And why do they not believe it can hit $10 in the next 5 years? 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 Federal Reserve estimates that there are around $8 trillion in coins in circulation across the globe. This would represent a 32.18% price increase for SHIB in the next 5 days. Shib coin is a new cryptocurrency that has been designed for the Shiba Inu, famous for being one of the smallest and cutest dog breeds in Japan. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. Unlike Apple, Tesla, or Microsoft, it is neither a product nor a platform. Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. Long-term, a currency has no intrinsic worth. Platform has 3 active product that include Shibaswap, leash and Bone token. Adria Cimino has positions in Ethereum. Shiba Inu developers are about to launch Shibarium. 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. 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. Lets see how this market cap stacks up against other financial products and see whether it makes sense. SHIBA INU technical analysis for today - Mar 02, 2023. As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. Popular meme token Shiba Inu (SHIB) is stirring up some excitement. 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. These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. Therefore, the SHIB coin is not something new. It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. A number of specific catalysts would be necessary for SHIB tokens to catapult to $0.001. But not a single price prediction we have come across shows the possibility of SHIB tokens selling for $10 any time soon. Because of the nature of these coins, this is the case. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. Of course, theres no guarantee that a coin will ever reach its previous all-time high again. Its another ERC20 token on the Ethereum network. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. 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. Lastly, there would almost certainly need to be a large coin burn event. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. The FTX crash harmed the Shiba Inu coin at the beginning of November, and the Shiba Inu prediction became shaky. After learning about Shiba Inu you will better understand is Shiba Inu a good investment for long term? 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. It's now the 13th biggest cryptocurrency by market value. 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. Cost basis and return based on previous market day close. *Average returns of all recommendations since inception. So, will Shiba Inu reach 1 cent? From there also . expected after 2030. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. 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. 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. 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. Tax on profits may apply. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. This does not mean it is a certainty. The price of Shiba Inu increased significantly at the end of October. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. Right now, Shiba Inu trades for a fraction of a cent. But this would require burning a significant amount of the token for the price to rise to 1 dollar. The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. 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. In September, 1.5 million people searched for "Shiba Inu coin," believe it or not. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. That's 1,000 trillion. At a $0.10 valuation, the total market cap of SHIB will be $54.9 Trillion, which is 2.5 times of US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple (AAPL), and 55 times more than Tesla (TSLA) market cap. [CDATA[ Additionally, transaction fees can soar during these periods of congestion. Overall, the Shiba Inu price was lower after the crash than it had been earlier. Its why they are Trillion dollar company. 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. 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]. The crypto community often predicts prices of Shiba Inu coins falling to a cent of dollar only! You also have to look at its massive maximum token supply. In this article, we will explain why SHIB can never hit 10 Cents. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. SHIB is trading up 29% to $0.00001037 at the time of writing. That represents a whopping 2.1 million percent jump. Shiba Inu is nothing but Japanese Dog breed started as meme coin and now become biggest investment in crypto world. Bitcoins price had repeatedly broken out of a long sideways movement, resulting in a 40% increase. The possibility of such price action taking place is theoretically impossible, given that the global GDP for all countries is just around $100 trillion. 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. SHIBs 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 Teslas (TSLA) market cap. What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. This token completed own by community and team member with transparent vision by developer. In order for SHIB to hit $0.001, the development, public test, and launch of Shibarium would have needed flawless execution. 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. With the launch of Shibarium, just about all SHIB transactions that occurred previously on Ethereum will now take effect on Shibarium. Many articles, YouTube videos, and forum posts claim Shiba Inu (SHIB) crypto can or have the potential to reach $0.10 in value. It's always traded at a fraction of a cent -- and for good reason. Shiba already beat top utility token that include Avalanche, Chainlink, Litecoin, Polygon and more. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. Will Shiba Inu Reach 1 Cent? Will Shiba Inu coin reach $1? Here Are the Chances for the SHIB Price to Increase, meme coins that could be the next to explode. Shiba Inu runs on a decentralized computer system with a blockchain database. 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. However, the Shiba Inu coin was also negatively impacted by the FTX crash in the days that followed. No, we don't even expect 1 cent price for Shiba Inu in 2025. But over the past decade, cryptocurrencies have turned this traditional moneymaking strategy on its head. A single SHIB coin is . Input your search keywords and press Enter. As a result, the SHIB coin is not a novel concept. Let's take a closer look. 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. The will shiba inu coin reach 10 cents is a question that many are asking. Keep track of your holdings and explore over 10,000 cryptocurrencies. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. Making the world smarter, happier, and richer. Ensuring that transaction fees are negligible is critical to getting this NFT marketplace and blockchain-based gaming off the ground. The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. First, the recent crypto shock took the market by surprise and threw it into disarray. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. Over the past 24 hours, Shiba Inu has experienced a decline of 0.12%. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. This low price was a reflection of Shiba Inu's creator placing 1 quadrillion tokens in circulating supply. For more context on why its so unlikely anything could boost SHIB to a penny, lets take the example of Bitcoin. In recent weeks, theShiba Inu coinhas seen significant price fluctuations. Meme coins, in particular, had to accept even greater losses. 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. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. 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. On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. SHIBA INU recorded 15 green days in the last 30 days. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. Is it possible for the coin to reach one cent? But will it be hard for Shiba Inu to reach $10? Dogecoin is a cryptocurrency that exists independently of Bitcoin. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. But between Jan. 1, 2021 and Oct. 27, 2021, Shiba Inu did something that may never be repeated again by an investable asset. Well explain why SHIB will never achieve 10 cents in this essay. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. Can Cardano reach $2 in 2023? This 40% increase was substantially greater than the rises noticed by other altcoins during this period. 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. This question seems to come up on social media multiple times per day. 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. Cost basis and return based on previous market day close. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. we have seen shiba in the list of top gainers crypto on Coingecko and CoinMarketCap tracking platform. In today's episode, I discuss when Shiba Inu Coin will reach a penny! In fact, it is still very unlikely, but it is theoretically possible. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Further, Shibarium's launch was widely expected last year. One of the common searches and questions is if SHIB can reach 1 cent. Meme coins like Dogecoin and Shiba Inu Coin were particularly popular. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. Investors were looking for the next big crypto star. What are Shiba Inu coin price predictions for 2040 and 2050? On the flip side, there are many who . This News Confirms. All these developments will improve Shiba Inu's functionality and could boost its price. They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. Well, for starters, Shiba Inu is at the time of writing valued at $0.000020. $1 means almost 1803651% up from price $0.00005544 USD. Coin Price Forecast predicts Shib will trade at $0.00004266 at the end of 2022. 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. Lets See The Next 5 Alternatives. Shiba Inu is of course not the only contender in the meme coin sector. Currently trading at $0.000020, the, For starters, it has no real value. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; Also, developing more utility for the Shiba Inu coin will help its value. 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? At its absolute peak, BTC had a market capitalization of $1.27 trillion. 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. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. SHIB jumped 35% in the past 24 hours! Will Shiba Inu (SHIB) Eventually Reach $100? Of course, Shiba Inu going to 1 dollar is an even more unrealistic scenario. Assuming SHIB gains just 200 percent per month, the crypto could. In short, Shiba Inu (SHIB) will never hit $0.10 or 10 cents. Several factors contributed to this. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. For Shiba Inu, the one clear-cut catalyst that provides make-or-break potential in 2023 is Shibarium. The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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