The cryptocurrency was made as a joke in the likeness of the dog breed Shiba Inu. 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. This could be similar to the run of Dogecoin itself. Cardano Price Prediction How High can Cardano reach by 2030? window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; When the clock struck midnight on Jan. 1, 2021, investors had the opportunity to scoop up SHIB coins for just $0.000000000073. While it seems. In January 2022, NFT trading volume totaled $17 billion. There are still some coins that are worth investing in. If youre making a Shiba Inu price prediction, the 1 cent price level is more or less out of the question. The crypto market is undoubtedly optimistic that Shiba Inu token prices will rise again and possibly reach new heights within the next 5 years. At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. The hype surrounding Shiba Inu ( SHIB) is still there amid ongoing discussions on whether it faded away or not due to recent on-chain metrics. Missed DOGE? Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. Shiba Inu's coin supply totals 549 trillion. That's unlikely to happen. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. At its absolute peak, BTC had a market capitalization of $1.27 trillion. This could really drive the SHIB price in 2023. As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. This is especially true for Shiba Inu, which has only been around since the summer of 2020 and therefore doesnt have a long price history that would help us understand how SHIB tends to behave across crypto market cycles. Shiba Inu isn't a blockchain. Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00005546. In July 2021, Buterin donated 50 trillion SHIB coins, which represented 5% of its total supply, to India's Covid-19 relief fund. However, due to the general decline of the crypto market, that hasnt come to pass. As of writing, Shiba is unstoppable as it setting new all-time high record with time following positive news. This is a . $1 means almost 1803651% up from price $0.00005544 USD. 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. If more tokens are burnt, it will increase demand as supply dwindles. 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. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. The price of Shiba Inu has fallen from its weekly high and is currently holding at $0.00000917, and a break above that level is necessary to maintain the uptrend and reach highs above $0.00001. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. That represents a whopping 2.1 million percent jump. Its why they are Trillion dollar company. On Wednesday, the price of Shiba Inu coinwhich trades as SHIBsurged 33% to reach an all-time high of $0.00005478. At the time of writing, the ERC-20 token is trading around $0.00002076. Let's take a closer look. Learn More. Tax on profits may apply. however, Robinhood faces backlash for memecoin listing and even other exchange also facing similar kind of situation. Shiba Inu's price history. The reason is Shiba Inu belongs to a controversial niche with no real use-case. Like most other cryptocurrencies, Shiba Inu was greatly affected by the crypto market shock in December last year, which saw Shiba Inu fall off a month-long price rally prematurely and plunge to the current level of relatively low prices. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. If youre a speculator, you can sometimes leverage this to your advantage. As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. *Average returns of all recommendations since inception. It would be extremely difficult, to say the least. They are cumulatively holding $601 million worth of SHIB tokens. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. On the other hand, SHIB does not create any product; its a currency. As it happens, Shiba Inu first spurred these hopes when it skyrocketed by over 1,069% to its all-time high (ATH) of $0.00007924 back in late October 2021, only to drop 86.75% since then, at press time changing hands at the price of $0.00001137, as per data retrieved on March 3. In a worst-case scenario, if ADA fails to rebound at the $0.35 price mark, ADA should go lower to reach the next target of $0.30. Shiba Inu, a new Dogecoin-inspired cryptocurrency launched last August, has now formed ties with crypto.com, the world's largest cryptocurrency exchange. It's simply a token that runs on the Ethereum network. The will shiba inu reach $1 cent in 2022 is a question that many are asking. From our experience, we can confidently say, the long-term success of a cryptocurrency largely depends on technology and community. Well based on extrapolating data from November 1st 2021 (the all time high market cap) and February 4th 2023 (I just picked this date for no particular reason). Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Coin burn involves sending tokens to a dead blockchain address where they can no longer be accessed. At its all-time high, SHIB had a market capitalization of $43 billion. The Motley Fool has positions in and recommends Ethereum. Currently trading at $0.000020, the Dogecoin Killer will need to grow its value by 18 Million percent if it is to reach this target price. But over the past decade, cryptocurrencies have turned this traditional moneymaking strategy on its head. Shiba 2024 Price Forecast in INR: Shib Coin is predicted to touch 0.006 by the end of 2024. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Token officially listed on top tier 1 exchange including Binance, Coinbase, Huobi, FTX and others. Trillion is correct. It is to outpace Dogecoin and beat its market capitalisation even if the SHIB token prices remain under a penny. Could Shiba Inu Help You Become a Millionaire? We answer this question, explore the reasons why experts believe SHIB token prices will rise in the next few months, reasons it wont reach $10 and their Shiba Inu price prediction for 2026 hereinbelow. *Average returns of all recommendations since inception. The hype surrounding Shiba Inu ( SHIB) is still there amid ongoing discussions on whether it faded away or not due to recent on-chain metrics. Platform has 3 active product that include Shibaswap, leash and Bone token. In August 2020, when Shiba Inu made its debut, it was one of thousands of nondescript tokens looking to make a name for itself in the digital currency space. Shiba Inu Coin ON THE MOVE! The Shiba Inu Coin will be released on the 27th of October, so its possible that the price could go up to 10 cents. Will Shiba Inu coin reach $1? SHIB is built on Ethereums ERC20 protocol. The Motley Fool has positions in and recommends Ethereum. Dogecoin was developed in 2013 as a comical spin on the then-emerging trend of cryptocurrencies - whereas Shiba Inu was developed in 2021 as a "meme coin" that was a rival to Dogecoin. The most notable of these products is Shibarium, a layer 2 scaling platform for Ethereum. Shibarium would change all of that, with operations moving on to this separate network. In September, 1.5 million people searched for "Shiba Inu coin," believe it or not. 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. Keep track of your holdings and explore over 10,000 cryptocurrencies. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. This token completed own by community and team member with transparent vision by developer. On the flip side, there are many who . All these developments will improve Shiba Inu's functionality and could boost its price. The currency will be used to pay for items on doggi.shop, which sells all sorts of handmade products from traditional Japanese crafts such as gifts and stationary to modern designs like bags and jewelry made with Shib coins themselves. The possibility of such price action taking place is theoretically impossible, given that the global GDP for all countries is just around $100 trillion. However, SHIB was not spared during the cryptocurrency bear market of 2022. The reason is what we like to call the cheap coin fallacy. Why is this such a big deal? And according to the CoinMarketCap list of the largest cryptocurrencies, Shiba Inu - the Dogecoin Killer - is ranked in the top 15 cryptocurrencies w. ith a market capitalisation of $11 Billion. Invest better with The Motley Fool. The creator of Shiba Inu is known under the pseudonym Ryoshi. Despite Ethereums recent move to aPoS network, transaction speeds are still yet to drastically improve. Shiba Inu: A Brief Overview. But the question remains - can SHIB reach the magical 1 cent mark? Check outGoCharting! It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. In contrast to Dogecoin, which has its own blockchain, SHIB is issued on the Ethereum blockchain. The Shiba Inu coin, launched less than a year ago and named after the dog breed, is a cryptocurrency that trades as SHIB and champions itself as the "Dogecoin killer.". SHIB was largely unknown for about half a year after it was created. But more than that is needed to reach $1 due to its humongous supply. Above prediction is based of average performance of shiba inu from past 6 months. No, Shiba Inu will probably never reach and sustain a $10 token valuation. We still suggest to do your own research before investing because there more option in crypto industry that really have great utility that stays forever. The crypto is on the rise this year, with a gain of 64% so far. Even though many crypto investors dismiss meme coins outright, the fact remains that SHIB is the 13th largest crypto asset by market capitalization, surpassing the likes of Litecoin, Polkadot and TRON. The token is trading 87% down from its all-time high price, so people buying SHIB at current price levels are truly buying the dip. Shiba 2023 Price Prediction in INR: Shib is predicted to touch 0.0025 by the end of 2023. The rally in Shiba Inu is widely supported by the volumes which rose more than 250 per cent in the last 24 . Invest better with The Motley Fool. This sparked a cryptocurrency rally. The Shiba Inu team is working on key products like Shibarium, and SHIB is positioned well thanks to numerous crypto exchange listings. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. https://twitter.com/ShytoshiKusama/status/1606678505378430980?s=20&t=FyxMz9Yn5vBSoJcau8-cDw, Now, the Shibarium layer-2 blockchain will be launched soon, according to one of the projects lead programmers on Twitter. Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. This was a reach even in the bull market, and is extremely unlikely now. It is not only the first but also the most popular cryptocurrency in the world. 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 first decentralized cryptocurrency was. SHIB, which exists as an ERC-20 token on the Ethereum blockchain, has more than 1.2 million holders. The GDP of the entire planet earth is around $80 Trillion. Are you lookingfor a chart analysis toolthat doesnt distract you with community messages and other noise? Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. Many publications, YouTube videos, and forum postings say that Shiba Inu (SHIB) cryptocurrency can or will reach a value of $0.10. 1$ SHIB Price Possible? Here's what the prospects look like for SHIB as it struggles to reach the one cent mark. The Next Shib? This gives it a lot more potential use cases, as the token can easily be deployed in decentralized finance applications. To reach $1 shib would need to be 100 trillion, worth more than the value of every asset on the planet as of 2017 (80 trillion ish). Expert analysis as token SURGES by 164% SHIBA INU has risen by more than 164 percent in a week showing bearish dominance in the market while dogecoin prices. Secondly, analysts are conscious of the impracticality of the price leap that Shiba Inu needs to make if it is to reach $10 by 2026. The SHIB price is currently $0.000007949 at the time of writing. Instead, this is due to several features unique to the token. When will Shiba Inua Coin reach a penny? Shiba Inu's biggest catalyst yet may be days away. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. Overall, the Shiba Inu price was lower after the crash than it had been earlier. Efforts are underway to burn Shiba Inu tokens to reduce supply. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Unfortunately, developers have stated that technical issues delayed the public beta test of Shibarium. 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. Shiba Inu developers are about to launch Shibarium. No consumer protection. Crypto asset investing is highly volatile and unregulated in some EU countries. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. The price has recently dropped to $0.0000082. 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. We will concede that this answer could change dramatically in the future. 6% of every transaction is redistributed to all holders of Surge Inu, Surge Inu promises to buy SHIB and $SURGE at any major market cap milestone and burn the supply. Shiba Inus biggest catalyst yet may be days away. It is not anchored on unique blockchain technology - just hosted on, Price prediction websites, crypto experts, and even, website paints a rather grim future for the altcoin. Shiba Inu, on the other hand, has a supply of 549 trillion tokens. Or you can invest in Shiba Inu or stake your holdings to earn passive income. 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 record price represents a near doubling of the value of the Shiba. The token was presented as an alternative to Dogecoin, and was sometimes referred to as the Dogecoin killer. Why the sudden change of heart, though? Shiba already beat top utility token that include Avalanche, Chainlink, Litecoin, Polygon and more. Shibarium will also use five utility tokens to meet its objectives SHIB, BONE, LEASH, TREAT, and SHI. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. 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. Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. Initially, there were 1000 Trillion SHIB (1 Quadrillion), but around 451 Trillion has been locked away or burned forever. Shibarium envisions being an ecosystem from which potential Shiba Inu projects will come up. It means the Shiba Inu (SHIB) coin does not have any independent mining network. The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. It is not anchored on unique blockchain technology - just hosted on Ethereum, it has not achieved a medium of exchange status, and it has no real value. Top 10 Meme Coins That Could Skyrocket In 2023. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! Over the past nine months, only 56 new merchants have come to accept Shiba Inu as payment on Cryptwerk. As a result, the SHIB coin is not a novel concept. Conservative Prediction: Can Shiba Inu reach $1 in 2023? Bitcoin, Dogecoin is a standalone cryptocurrency. SHIB is a monetary token on the Ethereum network. You might actually LOVE this Answer! The Motley Fool has a disclosure policy. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. I don't think so. 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. However, the Shiba Inu coin was also negatively impacted by the FTX crash in the days that followed. 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. By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. Cryptoasset investing is highly volatile and unregulated in some EU countries. Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023? While on our last post we wanted to remind everyone that BONE ? This makes it a hard sell to serious crypto investors, which in turn makes it hard for it to outlast the current hype and grow its worth above a penny. But not a single price prediction we have come across shows the possibility of SHIB tokens selling for $10 any time soon. Having read the woof paper from start to finish, the end goal of the devs is to create the largest decentralised ecosystem in the world. 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. eToro have proven themselves trustworthy within the crypto industry over many years we recommend you try them out. Can Cardano reach $2 in 2023? Coin Price Forecast predicts Shib will trade at $0.00004266 at the end of 2022. SHIBA INU technical analysis for today - Mar 02, 2023. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. What are Shiba Inu coin price predictions for 2040 and 2050? SHIB has begun offering NFTs named "Shiboshis" that cost 10,000 Shiba Inu coins which will help burn additional circulating supply. While $0.001 might be a target SHIB holders like to dream about, it's far likelier Shiba Inu gets sent to the doghouse in 2023. Even though weve hopefully demonstrated that you shouldnt expect SHIB to ever reach 1 cent, that doesnt mean that there isnt any potential upside for Shiba Inu. Each offers distinct ways for stockholders to raise their investment return. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. Well explain why SHIB will never achieve 10 cents in this essay. And if the uptrend that the token has posted in October 2021 is anything to go by, Shiba Inu can be expected to resume its price rally soon. [CDATA[ This does not mean it is a certainty. Shiba Inu (SHIB) will never reach $0.01 or 1 cent because it is financially absurd and illogical. SHIB or DOGE: Is Shiba Inu better than Dogecoin in 2023? Its why Bitcoin is the largest cryptocurrency. The crypto market always moves step by step with a full of context. That's 1,000 trillion. 1/2 ? An example of data being processed may be a unique identifier stored in a cookie. Even during SHIBs all-time high in October 2021, when the token was trading at $0.0000881, SHIB would have needed to increase in price by 113x to hit a price of $0.01. As of this writing, there's no set date for when Shibarium will be beta-tested in public view. Shiba token burning program protocol has changed, as initially token was transferred to Ethereum founder wallet. For the last 7 days, Shiba Inu prices have been fluctuating and trading within the $0.000020 and $0.000022 range. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. SHIB can be transformed into a utility token by minimizing its supply in distribution. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. The Big Ripple Price Prediction for 2023 How high can the XRP price go in 2023? These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. The will shiba inu coin reach 10 cents is a question that many are asking. In this article, we will explain why SHIB can never hit 10 Cents. In addition, the SHIB burn rate in February has fallen short of expectations, which is likely to reinforce bearish sentiment. Here's why. On October 29, 2021, Shiba Inu's price increased by more than 10 times, giving the company a $41 billion market value. Generally, the burning mechanism for SHIB depends on its usage. Following the massive drop, the price has gradually returned to normal. Gaming doesn't look as if it's going to differentiate Shiba Inu, either. In this context, the factors of project niche, marketcap, revolution, and innovations are significant. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. 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. Key among them is its incredibly high maximum token supply, its clear lack of intrinsic value (real or perceived), and an apparent lack of clear goal - it currently focuses on beating Dogecoin and not creating value or growing Shiba into a technologically advanced ecosystem. Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. Will Shiba Inu Reach $1 USD? Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success.