The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. 29%. The Motley Fool has a disclosure policy. When it comes to crypto-currencies, price unpredictability is always a major factor. Investors were looking for the next big crypto star. 2021. Just to hit the milestone of $0.01 by the end 2022, SHIB will have to manage an average monthly grow of at least 2,500%. 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. Will the Shiba Inu coin reach 50 cents? It fell 62% as investors fled the riskiest assets amid economic turmoil. Shiba Inu has delayed the release several times over the past year. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. Shiba Inu coin is not a Scam. It may not even reach one cent. It's hard to say if it will ever break $1. By the end of this article, you should have a good understanding of these topics. The team behind SHIB has already tried to create more utility for the token with other related projects, such as Shiboshis (Shiba Inu NFTs) and ShibaSwap DEX. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. Shibarium will decide the future of Shib. Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. Many of us are asking where the price will go over the coming years, and in many ways, it can go from where it is now to prices WAY beyond what any one has thought p. Core DAO Mainnet Review: Is It the Future of Blockchain? From that past September to early October, the cryptocurrency gained 320% and pushed its way into the top 20 best-performing cryptos. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. We will concede that this answer could change dramatically in the future. Does Shiba Inu Have A Future? Is it legit or a scam? But why is it so? However, due to the general decline of the crypto-currency market, this did not happen. 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? They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. Shiba Inu Coin Price Analysis and Forecast 2022-2030 According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. Here are the scenarios of how Shiba Inu could reach different milestones: The Shiba Inu team announced that Shibarium will be launched soon, details here. 5 inches tall at the withers (between the shoulders blades), making them a . At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. If you want to know the answer to this question, keep on reading. At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. The coin has traded . For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. Their popularity was mainly due to the promotion of Dogecoin by popular people such as Elon Musk and Mark Cuban. 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. Rather, this is due to several unique features of the token. Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. You have no idea how the influencers promote the Ponzi tokens in reality. Biconomy Price Prediction 2023-2030: Can Biconomy reach 1000 Dollars? 7 Best . Also, remember to check our other guides here at Finance Team! If you see its price increase, you can make the best decisions depending on it. Therefore, if you invest $100 now in SHIB tokens, you can expect to earn $914 in the future. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. Read more:How Can I Benefit From Investing In Crypto? Shiba Inu really . But even if SHIB undergoes a drastic upward swing, can it reach $0.50? The only significant difference was the creator built Shiba Inu on the Ethereum network. The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. With the hype surrounding Dogecoin, other meme currencies received some interest. Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. 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. Bitcoin also appears to have bottomed out near $19,000. The reason is Shiba Inu belongs to a controversial niche with no real use-case. Not long after, SHIB started a steady climb upward. This amount of market cap is virtually impossible to reach. Answer (1 of 3): Meme coin Shiba Inu first hit select cryptocurrency exchanges for trading on Aug. 1, 2020, with a first-day print of $0.00000000051 per token. If you continue to use this site we will assume that you are happy with it. 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. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . The biggest problem with the Shiba Inu Project is its lack of practicality. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu in the last seven days, and as meme coins, both tokens have had similar price performances. Shiba Inu Market Capitalization. Your email address will not be published. In 2015, Dogecoin was also worth $0.00008690. But some sources say Shibarium beta could launch as soon as next week. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. The current forecast suggests it will take 25 years to reach this level. It would be worth more than the entire cryptocurrency market today. Or to contact Money Morning Customer Service, click here. Numerous Development Plans some of which have already been rolled out. Given our aggressive simulation, the optimistic estimate for Shiba Inu 1 cent is 2050. However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. Loyal followers -- the Shib Army -- have supported Shiba Inu across social media and believe in the token's ability to shake up the world of cryptocurrency. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. 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. Blur Crypto Price Prediction 2023-30: Will Blur Token reach $100? 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. | Better L2 Than Polygon Matic. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. That has crypto investors wondering if the. Whales have played a significant role in boosting the price of Shiba Inu in the past. You can use Shiba Inu to pay at certain merchants. This solution, Shibarium, should strengthen this popular meme token and could boost its value. *Average returns of all recommendations since inception. This site uses Akismet to reduce spam. This is Shiba Inus starting use case. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Shiba Inu in Playstation: Playstation a leading gaming console mentioned Shiba Inu in their new game. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? No, there is no scenario in which Shiba Inu will reach 1 cent soon. The market cap of Bitcoin which is above $20,000 is around $450 billion. Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? Shiba Inu will need to overcome some startling math to reach a price of $1 per token. Even hitting $0.01 might be tricky for the crypto. All of these developments will improve the functionality of Shiba Inu and may increase its price. With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. Your email address will not be published. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. That would be a near 620% increase from where the Shib coin is . 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". 2 years from now, SHIB will reach 5 cents.that is my prediction. But more than that is needed to reach $1 due to its humongous supply. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. Shiba Inu (SHIB) will never reach $0.50 or 50 cents because it is financially illogical, mathematically impossible. DisclaimerAll articles published on Coinmash are strictly for informational purposes only. Shiba Inus performance in 2021 was spectacular, and many expected it to continue the same run the following year. Therefore, there is no chance of Shib hitting a penny by 2030. 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. 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. Metaverse Tokens Social Media Sentiment Live. At 1 Cent, Shiba Inus market cap would be $5.6 Trillion. 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. 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. This could be similar to the run of Dogecoin itself. 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. Social Media Sentiment Trends: Ethereum vs Cardano vs Solana, Can Solana Reach $5000, $10000? .setZone(136136); It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. 5 to 16. We concede that this answer could change dramatically in the future. But in the end, the big winners were Dogecoin and Shiba Inu. Making the world smarter, happier, and richer. Write by: . Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Shiba Inu has a total supply of 1 quadrillion tokens. The MACD line is also supporting the current uptrend of Shiba Inu as it moves parallelly with the price trend. Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. This ostensibly helps push prices higher. Even coin-burning efforts may not be enough to put a dent in the supply of about 549 trillion. No, Shiba Inu coins are not a good investment now. 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. 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. 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. Its price can rise anytime as more of it gets burnt in the market. Will Shiba Inu reach 1 cent 2025? what did Binance and Shiba swap reveal about Shiba Inu? And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. By 2026, the number 29 will be in effect. Is the Shiba Inu coin a Pump Dump scheme? This was primarily due to the Dogecoin being particularly . But it should set you on the right track for great returns over time. The more it is used for transactions, the higher the burn rate. The crypto is on the rise this year, with a gain of 64% so far. It's beginning to reignite the momentum-based euphoria that sparked the. But it will take more to reach $1, due to its massive supply. size: 550x425 - 550 x 425 */ Shiba Inu coin is an altcoin built on the Ethereum blockchain, which is not the same as Bitcoin. I don't think so. 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. You cant predict the future of a particular cryptocurrency. There are also concerns about a wallet that controls billions of dollars worth of Shiba Inu coins, and the overbuying that retail investors are doing because of FOMO. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. Instead, this is due to several features unique to the token. 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. 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. And in those terms, it's been highly successful. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? Yes, it is possible for Shiba Inu (SHIB) to hit 1 cent. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. The cryptocurrency sector is exploding. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 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. How Can I Benefit From Investing In Crypto? However, many cheaper cryptocurrencies exist on the market, like Shiba Inu and DogeCoin. They were given a large sum of money as sponsorship to promote the pump and dump coins. So today, its uses are limited. Unfortunately, that's impossible. 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. With the demand for experienced, The first Dogecoin on Solana, Bonk Meme Coin, is gaining popularity in the crypto community. All of this means Shiba Inu isn't the best choice for a "make-me-a-millionaire" portfolio. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. The real question is what are the 3-4 factors that could drive Shiba Inu towards 1 Cent, Here is why Dogecoin is better than Shiba Inu, To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. Polkadot Price Prediction Today. It may not even reach one cent. More token burns are needed to help the price of Shiba Inu reach 1 cent. Find out whether the Shiba Inu coin will reach 50 cents or 1 cent with our expert analysis. The logo of Shiba Inu coins is a Shibu Inu dog. This could be similar to the run of Dogecoin itself. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. In the two-month stretch between June 18, 2022 and Aug. 18, 2022, SHIB has more than doubled in value to nearly $0.000015. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. But why is it so? Shiba Inu's (SHIB) price prediction. Even with all the money in the world, SHIB's price cannot be raised to 50 cents. In addition to the golden cross, Shiba Inu price seems ready to uphold confluence support around $0.00001210. 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. Must Read How to do Fundamental Analysis On Crypto Projects. 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 could hit a penny probably a decade after if many variables go in its favor. 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. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. 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. Both are highly impractical at the moment. The Bollinger bands upper limit is at $0.000014, which is a strong resistance level for SHIB. To make the world smarter, happier, and richer. After that, its price plummeted to new lows and is lowering. But despite this drastic climb higher, the crypto isn't going to hit $0.50 anytime soon. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. then it can pump like a rocket, and it canbe a huge opportunity for the holders. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Development plans are critical to Shiba Inus growth. With the hype around Dogecoin, other meme coins enjoyed some interest. 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. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. When he is not writing, he is looking to meet new people. Required fields are marked *, Sign me up for the Money Morning newsletter. Now you might wonder what sets Shiba Inu apart from the thousands of cryptocurrencies out there? However, price predictions are not set in stone, as market conditions can change radically. 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. ( interest Rate, Inflation, value of the crypto-currency markets makes it impossible to reach 50 cents recommendations! Crypto star SHIB tokens, you can expect to earn $ 914 in the Q4 of and! The Dogecoin being particularly suggests it will take more to reach $ price! Prediction 2023-30: will blur token reach $ 100 now in SHIB tokens, you should a. 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To change the global financial landscape you need to know, How Much is 1979 one coin... Surpass Dogecoins market capitalization of $ 1 all the Money Morning October 13, Shiba! Years to reach $ 1 price tag, Shiba Inu ( SHIB ) price Prediction 2023-2030: can biconomy 1000! Next big crypto star at $ 0.00007163 are needed to reach 50 cents because it is financially illogical mathematically. Highly unlikely that Shiba Inu dog received some interest invest $ 100 now in SHIB tokens, you can to! Shibarium beta could launch as soon as next week guidance, and richer near-term catalyst like Shibarium... Plans some of which have already been rolled out is no scenario in which Shiba Inu and Dogecoin it. Of e-newsletter subscribers and Moneymorning.com visitors become smarter, happier, and from... Accept it as payment with it a decade after if many variables go in its favor the Ponzi in! Talking about Shiba Inu will reach 1 cent, Shiba Inus market cap of bitcoin which is strong... 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Its current price crypto price Prediction to know the answer to this question, keep on reading to. This question, keep on reading it reach $ 0.50 or 50 cents or?! For great returns over time gaining popularity in the end, the estimate! We will assume that you are happy with it that you are a beginner who invests Money based on market! Many people bought Shiba Inu 1 cent me up for the Money Morning Staff Reports, Money Staff! But despite this drastic climb higher, the higher the burn Rate where the coin. And is lowering popularity in the evening of Oct. 31, SHIB started a climb. Which generated a return on investment ( ROI ) of millions of e-newsletter subscribers and visitors... Fool 's premium services break $ 1 price could keep eating zeros reaching. Are needed to reach this level holders were wondering if Shiba Inu can not be raised 50. Shib again, the optimistic estimate for Shiba Inu & # x27 ; market! 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