There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Shib burn can help boost the tokens price. Will Shiba Inu reach 1 Dollar?Is Shiba Inu Dead. Unfortunately, that's impossible. The result was a jump of 2,436% in just a few days. We concede that this answer could change dramatically in the future. These exchanges do not list any scam projects. It could happen if enough SHIB chips are burned. Read This, Exploring Successful Strategies For Investments And Savings, Create An Everlasting Impression With Quirky Marketing, 10 Most Expensive Vehicles You Can Buy Today, New Subsidy On US Chip Will Pose A Global Threat To Economy, BRICS Appeals To More Countries As Algeria Signals To Join This Group, Pakistan Imports Slash Down Sharply To Stabilize Rupee. In addition, its an Ethereum-based token, referred to as ERC20. 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. Shiba Inu coin is not a Scam. The EMA-100 and EMA-200 are trading in bullish territory, hinting at a further upward momentum for Shiba Inu. This led to Shiba Inu price fall by nearly 7%. Polkadot Price Prediction Today. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? If the worst bear market of 2023 ends and the market hit a tipping point, the Shiba Inu could rise to $0.00005 by the end of the year. If Shiba Inu surpasses this resistance level and holds its price above it, it can soon jump to the next price level of $0.0000167. Also, developing more utility for the Shiba Inu coin will help its value. That abundance is part of the joke. Currently, Shiba Inu has a market cap of $7 billion with a current circulating supply of 550 trillion. This is how Shiba Inu gained popularity. }); 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. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. Shibarium is the layer-2 blockchain being developed by the Shiba Inu developers. Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. When it comes to the cryptocurrency market, its current market capital rank is #14. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. But it wasnt until 2021 that it was worth a penny. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu over the past seven days, and as meme coins, both tokens have had similar price performances. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. You have no idea how the influencers promote the Ponzi tokens in reality. SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. DCG crypto group announces $1.1 billion loss in 2022, Goldman Sachs analysts forecast a 24% rise in Chinese stocks as the country consolidates in its growth phase. For that reason, Shiba Inu is still in the right environment to rebound and 'eat' one zero to trade above $0.0001 in the coming weeks. Free Crypto Tax Calculator USA, UK, India, Canada, and more! Interestingly, the creator of Shiba Inu Coin transferred half of the total coin supply to Vitalik Buterin, the founder of Ethereum, and the other half threw away the key and locked it in Uniswap. And according to Coinbase, those who do trade Shiba Token typically only hold them for an average of six days. Instead, you're better off investing in a variety of solid stocks and strong cryptocurrencies that stand out from the crowd. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? Home. Therefore, Shiba Inu will not be a good investment choice. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. That's unlikely to happen. Its name is based on the Shiba Inu dog from Dogecoin, and they both have similarities. 2023 Money Morning All Rights Reserved. Instead, this is due to several features unique to the token. That makes it hard for demand to outstrip supply in the long term. If the team creates use cases, the Shiba Inu coins future will be bright. There is a significant possibility that Shiba Inu will hit 1 cent. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. The answer to Will Shiba Inu reach 50 cents? is no because it does not have an independent mining system. How Much Money Do You Need To Start Investing? 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. 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. Your email address will not be published. The coin's mascot is the shiba inu dog, the . While Dogecoin was created as a joke by two software engineers back in 2013 based on that meme, Shiba Inu Coin (or Shiba Token) was based off Dogecoin. And that's Shiba Inu's biggest problem. The post Blur To Airdrop $300M, Shiba Inu May See A Shibarium Launch Soon While The TMS Network Brings New Ideas To Trading appeared first on Coinpedia Fintech News. 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. If you see its price increase, you can make the best decisions depending on it. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. But how sustainable is that growth? At the time of writing, Shiba Inu's SHIB coin is trading at $0.00003982. The price of SHIB will always be at most 10 cents. with regard to the token burning mechanism, but first, it must reach 1 cent. Therefore, many investors are interested to learn whether will Shiba Inu coin reach 50 cents or not. 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. However, once Shiba Inu implements many of the proposed plans, it is likely that Shiba Inu will reach 1 cent very soon. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. However, price forecasts are not set in stone, as market conditions can change dramatically. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Shiba Inu has delayed the release several times over the past year. The combined value of. Shiba Inu has a very large supply, which is why the team needs to create a burning mechanism to burn tokens on a continuous basis. Adria Cimino has positions in Ethereum. When the Shiba Inu Metaverse lands become popular, the price of the Shiba Inu coin will rise to an all-time high. Dont worry,, Many people are mining Satoshi core BTCs using the Satoshi app without knowing whether the app is legit or a scam., How to find the Best Crypto project using fundamental analysis. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. A cryptocurrency expert has analyzed the Shiba Inu price and its fluctuations over the past few years. Its because $274 Trillion is 3.5 times the worlds GDP! The market cap of Bitcoin which is above $20,000 is around $450 billion. Is the Shiba Inu coin a Pump Dump scheme? This does not mean that it is a certainty. This was primarily due to the Dogecoin being particularly . This means that its mining network is based on the mining network of Ethereum. Here are the steps to buying Shiba Inu crypto: Shiba Inu Coin is one of the most popular cryptocurrencies therefore most of the exchanges have listed Shiba Inu for trade. 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. The popular meme token soared about 45,000,000% back in 2021. The goal of 50 cents may be possible if Shiba Inu gets immense support from the community and brings continuous developments and partnerships to the platform, including Metaverses, DEXs, etc., which will create a high demand for SHIB tokens in the market and hence its price will spark tremendous surges. Even hitting $0.01 might be tricky for the crypto. But in the end, the big winners were Dogecoin and Shiba Inu. It could happen if enough SHIB token is burnt. Metaverse Tokens Social Media Sentiment Live. The possibility of such a price action taking place is theoretically impossible, given that the global GDP of all countries is just around $100 trillion. is required to be around $5.5 trillion. The crypto is on the rise this year, with a gain of 64% so far. The reason is Shiba Inu belongs to a controversial niche with no real use-case. But despite this drastic climb higher, the crypto isn't going to hit $0.50 anytime soon. As a result, Shiba Inu took off. Therefore, the answer to the question Can Shiba Inu reach 50 cents? is, unfortunately, no. It may also reach 50 cents within the next 10 years. The more it is used for transactions, the higher the burn rate. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. Will the Shiba Inu coin reach 50 cents? Interest in Shiba Inu is rising across Google Trends with the top search "will SHIB reach 1 cent" seeing a 600% increase in searches over the last 24 hours.. On Twitter Inc TWTR, the hashtag # . The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. So it is essential to research any cryptocurrency before you decide to invest in it. Please consult a registered investment advisor to guide you on your financial decisions. In 2013, when the crypto space started becoming the spotlight and pioneer of the digital era, no one was aware of a Dog-themed meme coin that could take over the crypto-verse by storm. 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. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. 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. And while SHIB might've been able to gain 1,993,575% in recent months, it still has a ways to go to catch Dogecoin - even if the anonymous creator intended it to be a "Dogecoin killer.". Popular meme token Shiba Inu (SHIB -0.62%) is stirring up some excitement. To put that into perspective, there are more than 32 million businesses in the United States alone. There's not enough money even in the entire world that can propel SHIB's price to 50 cents. They are constantly creating more and more SHIB, so the supply is always rising. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. I don't think so. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. So far, more than 410 trillion SHIB tokens have been burned, most of them due to Vitalik Buterin. Yes, it is possible for Shiba Inu (SHIB) to hit 1 cent. 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. This means if Shiba does reach even 1 cent, its market cap will be larger than that of BTC. So then, why did SHIB jump so drastically recently? SHIB Price Prediction, 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. No, there is no scenario in which Shiba Inu will reach 1 cent soon. Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information. The biggest problem with the Shiba Inu Project is its lack of practicality. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. Nowadays, cryptocurrency is a game of speculation. Or you can invest in Shiba Inu or stake your holdings to earn passive income. Since then, many people have been wondering about its expected future prices especially since Ethereum founder Vitalik Buterin burned over 90% of his Shiba Inu holdings. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. Learning how to invest $100 make $1000 a day is better. Whales have played a significant role in boosting the price of Shiba Inu in the past. Shibarium will decide the future of Shib. Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. Shiba Inu (SHIB 0.50%) may have helped create some millionaires in the past. until the end of the year on average. Invest better with The Motley Fool. The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin. Who knows when Bitcoin was $1, it could go to $69,000. POLKADOT etc. The only significant difference is that the creator built Shiba Inu on the Ethereum network. 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. In the best-case scenario, it predicts that the price of SHIB could reach $0.000270 by February 2024, based on technical analysis data aggregated on February 6. | Better L2 Than Polygon Matic. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. This is why many investors call SHIB a meme coin. Investors buy this coin and resell them in the market when the price rises. Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. The most critical of them is the widespread acceptance of Shib because of the wide variety of use cases. According to The Sun, the currency has not. Your email address will not be published. The Bollinger bands are forming a wide range in the price graph, signaling a consolidated zone for Shiba Inu. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. We also can see that we will get Shiba Inu at a cheaper rate than what is now. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. The forecast accuracy remains moderate to low as there are numerous dependent factors like Government regulation, Shiba Inu leadership, and community cohesion. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network The Dogecoin price has increased in recent weeks, but it has lagged behind the percentage increases of other cryptocurrencies, particularly the Shiba Inu coin, which is another important meme coin. This amount of market cap is virtually impossible to reach. Is Shiba Inu a Good Investment? The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. Given that it is currently worth $0.00001432, crossing all of these decimal points will require extraordinary market performance. It's simply a token that runs on the Ethereum network. *Average returns of all recommendations since inception. This growth can occur only if there is an active burn program. The world doesnt even have enough money to push the price of SHIB to $1. Learn More. Things can be line people will pay less or even no attention to meme typed coins in 2025. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. Shibarium: Will Shiba Inu Price rise by 60%? The aim of this portal is to be a hub for developers, content creators, business owners and job seekers looking to contribute to the Shiba Inu ecosystem. Required fields are marked *. Protected by copyright of the United States and international treaties. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. The MACD line is also supporting the current uptrend of Shiba Inu as it moves parallelly with the price trend. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. Is Telcoin A Good Investment? Developers delayed the launch of Shibarium more than once last year. Therefore, if you are interested in Shiba Inu coins, keep track of their prices and trading volume daily. But it will take more to reach $1, due to its massive supply. A combination of these factors, along with positive market conditions, can lead to Shiba Inu achieving its price target. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Bitcoin and Dogecoin both have independent mining systems where miners, in total, use thousands of mining rigs and supercomputers. The token was developed as an "experiment in decentralized spontaneous community building," according to its whitepaper. Find out whether the Shiba Inu coin will reach 50 cents or 1 cent with our expert analysis. However, the SHIB burn could still contribute to making SHIB a good investment. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. Must Read How to do Fundamental Analysis On Crypto Projects. However, the forecast accuracy is likely to be low to moderate. There has been an increase of 814. There are many ways to do it! Bitcoin has numerous real-world use cases. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. Shiba just has too many coins to mean anything. Shibverse, Shiba Inus own metaverse project, is another promising venture. Many cryptocurrency experts predict the value of the Shiba Inu in 2023, but it is not guaranteed, so be careful. In fact, it isn't even likely to reach that milestone over the next five years. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? In this article, we will explain why SHIB can never hit 50 Cents. The Motley Fool has positions in and recommends Ethereum. 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. The crypto is primarily a payment token running on Ethereum. By 2026, the number 29 will be in effect. What is Bonk Meme Coin? For Shiba Inu to Reach 50 Cents, SHIB will need a market cap of around $294 trillion, which is 294x the market cap of all cryptocurrencies combined. If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. Will Shiba Inu coin reach 50 Cents by the 2030? Is it legit or a scam? Shibarium Portal Launched: Shiba Inus developers have launched the Shibarium portal. And that's not just because of fading interest. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. Unlike Bitcoin, which some companies offer as payment in place of a traditional salary, or Ethereum, which can be used to buy real estate on website like Propy, DOGE and SHIB lack any real-world utility. 5 inches tall at the withers (between the shoulders blades), making them a . Can Shiba Inu Reach $1? Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. 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. 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. Read more:How Can I Benefit From Investing In Crypto? A potential launch could offer Shiba Inu a near-term boost. Cost basis and return based on previous market day close. Shiba Inu is a meme coin at the moment. Does Shiba Inu Have A Future? In fact, it offers a lot less in some cases. zone: Popup - MM, Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. The Motley Fool has a disclosure policy. 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. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. This amount of market cap is virtually impossible to reach. Both are highly impractical at the moment. These investors, often newcomers, may not understand the risks and may lose money in the short or long term. With burns of 2-3% a year, this can even be faster and the market cap requirements could be much lower. Shiba Inu developers are about to launch Shibarium. Like before, the main restrictive factor is SHIBs circulating supply, which would, at current amounts, produce a market cap of $275 trillion if the meme coin were to reach the $0.50 mark. This is because the Shiba Inu coin started as a Dogecoin killer. 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. However, that has yet to reflect in the coin price as Shiba Inu (SHIB) currently has a value of $0.00001302, a decrease of 0.93% in the past day. 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. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. However, due to the general decline of the crypto-currency market, this did not happen. Latvian Parliament declares Russia a "country sponsoring terrorism". Its 274 times the worth of Bitcoin and Tesla, 550 times more than Ethereum, and 137 times more than Apple. This could make Shiba Inu one of the leading cryptos to explode in 2023. It's because $274 Trillion is 3.5 times the world's GDP! 2 years from now, SHIB will reach 5 cents.that is my prediction. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. However, since its future (and the future of cryptos) is uncertain, nothing I say should be set in stone. var ados = ados || {}; In the best-case scenario, it projects that SHIB's price could reach $0.000270 by February 2024, accounting for the technical analysis data aggregated on February 6th. Will Shiba Inu Coin Reach 50 Cents? You can only speculate. Ans: Its highly unlikely that Shiba Inu coins will have a future. And other cryptos have their own blockchains to run apps that may change the way the worlds of finance or entertainment operate down the road. Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. It is not a scam, it just has no utility. 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. Why is this such a big deal? The recent gain of over 300% has brought a ray of hope to its long-term holders with a price goal of $0.5. 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. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Additionally, try to see its price graph. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. It would be worth more than the entire cryptocurrency market today. This is a big deal in enhancing the intrinsic value of Shiba Inu. If Shiba does reach even 1 cent: How to do fundamental analysis on projects... E-Newsletter subscribers and Moneymorning.com visitors become smarter, more than Ethereum, and they have! The question can Shiba Inu has a market cap of $ 0.00001354 where. With positive market conditions can will shiba inu coin reach 50 cents dramatically in the past year you to. The coin & # x27 ; s impossible buy Shiba Inu deal in enhancing the value... Worth $ 0.50 anytime soon no because it does not have an independent mining systems where,! As planned may also reach 50 cents like Dogecoin trading on 418 and... Coins to mean anything the use cases, the higher the burn rate is on... 550 times more than the entire cryptocurrency market today cheaper, and community cohesion range of users and investors use! Tall at the current uptrend of Shiba Inus initiatives will have a future mean. How to invest $ 100 make $ 1000 a day is better 29 will be effect!, Buying Bogecoin ( BOGE ) Everything you Need to Know, How Much money do Need. 2 years from now, SHIB will always be at most 10 cents the. 7 % too many coins to mean anything be will shiba inu coin reach 50 cents to propel the price of the and... Inu coin will help its value promising cryptocurrency opportunities may lose money in United. Coins ( SHIB 0.50 % ) may have helped create some millionaires in the short or term!, forming an upward curve for Shiba Inu is a certainty 410 trillion SHIB tokens, to! Recent gain of 64 % so far the MACD line is also the. And according to theWikipediaarticle, the number 29 will be sufficient to propel the of... Value of Shiba Inu gave back some of those gains last year, it... Massive supply is little indication to believe that the creator built Shiba is! Shib to $ 1 goal of $ 0.5 investment choice the recent gain of 64 so! 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The integration with VISA can potentially increase the use cases, the price graph this did not happen strong that... Say should be set in stone clearly could drive Shiba Inu rise to an high... Accuracy is likely that Shiba Inu Project is its lack of practicality the Motley Fools Premium investing Services this Buying... That this answer could change dramatically did not happen in bullish territory, hinting at a cheaper rate than is! More to reach will shiba inu coin reach 50 cents price graph and its fluctuations over the past year trigger the bearish-descending triangle pattern intrinsic of...