Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. However, since then, its prices have dropped considerably (by almost 200%). They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. size: 550x425 - 550 x 425 */ By Money Morning Staff Reports, Money Morning October 13, 2021. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. All of these developments will improve the functionality of Shiba Inu and may increase its price. Price Prediction For Future Investment, How To Get Out Of Your Timeshare And What You Can Do With The Savings, BitQH Review Is BitQH A Legit? It's beginning to reignite the momentum-based euphoria that sparked the. .setZone(136136); But its always advised to practice caution while you are doing so. This amount of market cap is virtually impossible to reach. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. 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. Will Shiba Inu coin reach 50 Cents without burning Tokens? Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. Therefore, there is no chance of Shib hitting a penny by 2030. More token burns are needed to help the price of Shiba Inu reach 1 cent. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. The price of one token cost $0.00000000051. Shiba Inu Price History. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. Read our disclaimer to learn more. That abundance is part of the joke. 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. In this article, well discuss Shiba Inus prospects of hitting major price milestones and explore SHIBs price predictions. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. It's always traded at a fraction of a cent -- and for good reason. This region, highlighted in the yellow band, has been reinforced by the 50-day EMA and the 200 . But this would require burning a significant amount of the token for the price to rise to 1 dollar. We concede that this answer could change dramatically in the future. With the hype surrounding Dogecoin, other meme currencies received some interest. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. I don't think so. 2 years from now, SHIB will reach 5 cents.that is my prediction. This is because this cryptocurrency was introduced as a joke. Elizabeth II's eight grandchildren stand vigil guard around their grandmother's coffin. That's the massive token supply. But it should set you on the right track for great returns over time. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. Save my name, email, and website in this browser for the next time I comment. AGIX SingularityNET Price Prediction 2023-2030: Will AGIX reach $100? SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. According to our Shiba Inu technical analysis, it has been on a bearish trend since the crypto market crash in May, which plunged several cryptocurrencies to the bottom level in price. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. The popular meme token soared about 45,000,000% back in 2021. Keep yourself one click away from global finance's new update with FinanceTeam.net. It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. Some believe that the circulating supply of SHIB will decrease drastically after the launch of the Shibarium Layer 2 network, which will burn SHIB for every transaction. Here's why. Until it does have more real-world applications and is more widely accepted as payment, I don't see the crypto surging much higher. Partnerships and community play a crucial role in building Shiba Inus ecosystem. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. There are many ways to do it! Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. The MACD line is also supporting the current uptrend of Shiba Inu as it moves parallelly with the price trend. Of course, Shiba Inu, trading at a fraction of a cent, still could rise enough to deliver a decent gain to investors who take a massive stake in the token. However, Bitcoin has strong fundamentals. However, a constant burn of SHIB tokens may bring bearish woes for its holders and create quick and intense selling pressure in the price chart. Unfortunately, this price seems too far as SHIB needs to gain extreme support from the community as it has no actual use cases or contribution to the crypto sphere. Our experts who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Shiba Inu is projected to witness a short-term bullish momentum soon and may skyrocket by the end of December. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. Efforts are underway to burn Shiba Inu tokens to reduce supply. The answer to the question will Shiba Inu coin reach 50 cents or not is No. The Motley Fool has positions in and recommends Ethereum. Shiba Inus metaverse is being built by the team. Is it legit or a scam? Shiba Inu Holder Transfers SHIB from Wallet to Exchanges: It is reported that Shiba Inu investor holding a huge number of SHIB token in Wallet 0xd6 has transferred around 182 billion shiba inu tokens to Crypto exchanges Gemini andCrypto.com. Shiba Inu coin is not a Scam. Looking at the above data and combining it with an active burn program, it is not unrealistic to expect Shiba Inu also to rise 646 times. The journey towards reaching 1 cent for Shiba Inu involves multiple factors, and progress in any of these areas can contribute to the tokens price increase. Therefore, if you are interested in Shiba Inu coins, keep track of their prices and trading volume daily. 5 Ways to Beat the Fed (and Crush Inflation), The Government Is Pouring $391 Billion Into These Stocks - Buy Now, Do Not Sell or Share My Personal Information. Bitcoin and Dogecoin both have independent mining systems where miners, in total, use thousands of mining rigs and supercomputers. In fact, it isn't even likely to reach that milestone over the next five years. So it is essential to research any cryptocurrency before you decide to invest in it. Therefore, Shiba Inu will not be a good investment choice. 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. This is a Layer 2 solution that could solve some of Shiba Inu's problems. In 2015, Dogecoin was also worth $0.00008690. It may also reach 50 cents within the next 10 years. Investors are expecting the SHIB price to touch $0.5 sooner or later. To put that into perspective, there are more than 32 million businesses in the United States alone. Again, as with the $1 price milestone earlier in the article, the short answer to whether the Shiba Inu coin can reach 50 cents is no. Unfortunately, that's impossible. Its current circulating supply is about 550 trillion tokens. The combined value of. 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. Constantly improving himself in this industry for more than three years, he has amassed immense knowledge regarding his niches of writing tech and gaming articles. 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. Shibarium would change all of that, with operations moving on to this separate network. Can Shiba Inu's Valuation Hit $10 Billion in 2023? All these developments will improve Shiba Inu's functionality and could boost its price. Your email address will not be published. Polkadot Price Prediction Today. Shib burn can help boost the tokens price. Biconomy Price Prediction 2023-2030: Can Biconomy reach 1000 Dollars? Advertisement Coins. Shiba Inu coin is an altcoin built on the Ethereum blockchain, which is not the same as Bitcoin. Considered one of the best shitcoins, Shiba Inu was launched on August 1, 2020. On 29 October, SHIB made further spikes in the price chart and tried to break its immediate resistance level at $0.000015 but faced rejection due to several ongoing macroeconomic factors such as CPI data, inflation rate, interest hikes, etc. This could make Shiba Inu one of the main cryptos to explode in 2023. Therefore, it is essential to research any crypto-currency before deciding to invest in it. That means people have to put in way much more money, collectively, just to raise the price. Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. But I'm not convinced a potential gain would be lasting, and I don't recommend taking a huge position in a risky asset like Shiba Inu. This growth can occur only if there is an active burn program. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. The Shiba Inu coin received a lot of attention after that. Free Crypto Tax Calculator USA, UK, India, Canada, and more! About Us; Staff; Camps; Scuba. Could Shiba Inu Help You Become a Millionaire? Here's Why 589.6 Trillion Is the Key Number, Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys, 3 Cryptocurrencies to Avoid Like the Plague in February, 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. Ultimate Guide to Become A Crypto Community Manager 2023. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. When he is not writing, he is looking to meet new people. The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. Since then, Shiba Inu has had trouble keeping those dreams alive. In fact, it is impossible to predict the price of an asset 40 years from now. 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? *Average returns of all recommendations since inception. If Shiba Inu aims to reach $0.5, it needs to execute an extreme burn of tokens and get to at least half of the current circulating supply, i.e., 275 trillion. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. Another point against SHIB reaching $1 is its supply inflation according to our data, the supply of Shiba Inu increased nearly 8% year-over-year, which makes the prospects of SHIB hitting a $1 milestone all the more unlikely. What is digital real estate and is it worth investing in? Shiba Inu Market Capitalization. Will Bitgert reach 1 Cent? Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 0 coins. However, since its future (and the future of cryptos) is uncertain, nothing I say should be set in stone. The current price of SHIB (November 2022). However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. February 27, 2023 alexandra bonefas scott No Comments . Yes, Shiba Inu can hit 1 cent. FinanaceTeam.net is an enthusiastic platform that covers everything from the global finance sectors. An anonymous person or group created these coins with the name of Ryoshi. The Motley Fool has positions in and recommends Ethereum. This is a big deal in enhancing the intrinsic value of Shiba Inu. var ados = ados || {}; As per our current simulation, Shiba Inu is likely to reach 10 cents in 35 years. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. Shiba Inu gave back some of. Other similar ERC20 tokens include Binance Coin (BNB), Chainlink (LINK), Tron (TRX), USD Coin (USDC), and Tether (USDT). The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. The more it is used for transactions, the higher the burn rate. In addition, its an Ethereum-based token, referred to as ERC20. Shib could hit a penny probably a decade after if many variables go in its favor. The Motley Fool has a disclosure policy. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Shiba Inu, or SHIB, is a decentralized cryptocurrency that is starting to gain mainstream attention due to its affiliation with the popular Dogecoin (DOGE). Per Market Realist, the current predictions suggest Shib coin will reach a value of $0.000019 per coin in 2022 and later hit $0.000061 per coin in 2025. Why is this such a big deal? }); 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. Highly Unlikely. 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". Other indicators are also dropping for the coin as its trading volume of $217M went down by 50% in that same period. ALPINE ESPORTS SIGNS QANPLATFORM AS ITS OFFICIAL BLOCKCHAIN PARTNER TO SUPPORT FAN ENGAGEMENT, TEAM PERFORMANCE AND OPERATIONS, Metacade presale stage 5 selling out as strategic partnership with MEXC is confirmed, Institutional Pipe Investor With $2bn In Executed Financing Commitments Launches Digital Asset Investment Firm, Coinmash Acquires Augur Dispute Crowdsourcer Domain dispute.tools. This is how Shiba Inu gained popularity. Therefore, it is possible that Shiba Inu will also reach 1 cent. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. A potential launch could offer Shiba Inu a near-term boost. With the demand for experienced, The first Dogecoin on Solana, Bonk Meme Coin, is gaining popularity in the crypto community. So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. But why is it so? The RSI-14 indicator is also hovering around a bullish zone as it makes an exponential rise to a level of 64. Partnerships and community play a crucial role in building Shiba Inus prospects of hitting major price and... An asset 40 years from now, SHIB could hit a penny by 2030 is gaining in! But its always advised to practice caution while you are interested in Shiba to... Listing, SHIB will reach 5 cents.that is my Prediction more widely accepted as payment, do... 10 Billion in 2023 are more than 32 million businesses in the future -- investors may at! Stock recommendations, in-depth research, investing resources, and it will allow users to develop chain-specific NFTs in! 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