This is because the Shiba Inu coin started as a Dogecoin killer. Bitcoin and Dogecoin both have independent mining systems where miners, in total, use thousands of mining rigs and supercomputers. The current forecast suggests it will take 25 years to reach this level. It could even take years of sustained positive performance for this to happen. crypto that will reach 1 cent. . Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. 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. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. How Can I Benefit From Investing In Crypto? Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? When you go to various chat forums or see many Youtube videos about Shiba Inu coins, the most common question that people ask is, Will Shiba Inu coin reach 50 cents?, While many claim it will, the answer is quite the opposite. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. This led to Shiba Inu price fall by nearly 7%. 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. 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. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. Yes, Shiba Inu can reach half a cent by 2047. Bitgert Price Prediction 2023, 2025, and 2030, Dash 2 Trade Price Prediction 2023-2030: Will D2Trade reach $10, Ethereum rose 1400 fold in the last 6 years, 25-year forecasts are completely unreliable, Predicting a market cap that runs into Trillions even 25 years from now is highly speculative. Will Shiba Inu reach 1 cent? This solution, Shibarium, should strengthen this popular meme token and could boost its 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. Many people think of Shiba Inu as an alternative to Dogecoin. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. Even after investors burned billions of Shiba Inu tokens, its price didnt change much. So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. 1 Million Shiba Inu will be worth $10,000 if Shiba Inu hits 1 cent, 1 Million Shiba Inu will be worth $100,000 if Shiba Inu hits 1 cent. Can Shiba Inu Reach $1? This is how Shiba Inu gained popularity. Shiba Inus performance in 2021 was spectacular, and many expected it to continue the same run the following year. It's the "Coinbase Effect" in action. Home. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. Therefore, it is possible that Shiba Inu will also reach 1 cent. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. Released in 2020, Shiba Inu coins first grew in popularity. Even hitting $0.01 might be tricky for the crypto. It was created as a joke and meant to be traded for fun. Therefore, the answer to the question Can Shiba Inu reach 50 cents? is, unfortunately, no. 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? And why it can cause Shiba to reach 50 cents? The global cryptocurrency market cap was trading marignally lower to $1.07 trillion mark, falling about half a per cent in the last 24 hours. DoggyDAO, a decentralized autonomous organization, also shows potential. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. Similarly, the total trading volumes dropped more than . }); 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. With the current price of Shiba Inu being $0.000009 with a trading volume of $274 Trillion, almost half of its coins need to be burned to increase its price to 50 cents and more. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. Its time to do a fundamental analysis of that project. If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. However, due to the general decline of the crypto-currency market, this did not happen. Instead, this is due to several features unique to the token. That said there are some promising elements of Shib, This is why Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. Making the world smarter, happier, and richer. Soloway's price projections have historically been accurate. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. The tweet has caused a lot of Shiba Inu (SHIB) enthusiasts to become excited. When he is not writing, he is looking to meet new people. The token was developed as an "experiment in decentralized spontaneous community building," according to its whitepaper. However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. It is financially illogical and mathematically impossible for the Shiba Inu coin to reach $1, so we cannot help but burn the token supply. We also can see that we will get Shiba Inu at a cheaper rate than what is now. This does not mean that it is a certainty. If SHIB drops below this support level, it can experience a sharp decline and trade below the price of $0.000009. 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. But despite this drastic climb higher, the crypto isn't going to hit $0.50 anytime soon. 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. 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. NEAR Protocol Price Prediction: Will NEAR reach $100? Only 1,714 businesses across the globe that accept DOGE as a form of payment. Keep track of your holdings and explore over 10,000 cryptocurrencies. Shiba Inu is a meme currency created in August 2020 by an anonymous individual named Ryoshi. In this article, weve addressed the question Will Shiba Inu coin reach 50 cents? by looking at factors such as the large token supply and lack of real-world utility. Given that the main target of the Shiba Army is to push the price of Shiba Inu to 1 cent. However, price predictions are not set in stone, as market conditions can change radically. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. Shiba Inus biggest catalyst yet may be days away. Shiba Inu isn't a blockchain. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. Advertisement Coins. 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. For instance, a statement by the Federal Reserve Chairman on easing the pace of rate hikes led to a 3% rise in Shibs price. Its price can rise anytime as more of it gets burnt in the market. Having such a high market cap is impossible for Shiba Inu to reach now or in the future. Or you can invest in Shiba Inu or stake your holdings to earn passive income. The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. SHIB has risen more than 85,000,000% in a year and hit its all-time high on October 28, making it the most prominent example of a monumental bull run in crypto in recent years. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. Also, developing more utility for the Shiba Inu coin will help its value. Many cryptocurrency experts predict the value of the Shiba Inu in 2023, but it is not guaranteed, so be careful. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. When it comes to crypto-currencies, price unpredictability is always a major factor. 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. So far, more than 410 trillion SHIB tokens have been burned, most of them due to Vitalik Buterin. In theory, if Shiba Inu ever exploded in value, this could become a fortune. 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. 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. Bitcoin also appears to have bottomed out near $19,000. Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. Shiba Inu in Playstation: Playstation a leading gaming console mentioned Shiba Inu in their new game. Ultimate Guide to Become A Crypto Community Manager 2023. You can only speculate. All of this means Shiba Inu doesn't stand out from the competition. You can use Shiba Inu to pay at certain merchants. now ask the question to yourself Will Shiba Inu coin reach 50 cents?. ados.run = ados.run || []; According to The Sun, the currency has not. Efforts are underway to burn Shiba Inu tokens to reduce supply. This is Shiba Inus starting use case. 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. Shiba Inu really . Making the world smarter, happier, and richer. Write by: . Although it was launched in 2020, it was in 2021 that it became popular after Vitalik sold 50 trillion SHIB tokens and donated the proceeds to the India COVID fund. And having a large quantity in circulation with a short average holding period doesn't help either. 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? 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. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. A potential launch could offer Shiba Inu a near-term boost. then it can pump like a rocket, and it canbe a huge opportunity for the holders. Highly Unlikely. But some sources say Shibarium beta could launch as soon as next week. Will Shiba Inu coin reach 50 Cents without burning Tokens? 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. While Dogecoin has a. Your email address will not be published. Keep this information in mind as you make investment decisions. If you continue to use this site we will assume that you are happy with it. In theory, this is feasible but in practice, this would be quite difficult. A cryptocurrency expert has analyzed the Shiba Inu price and its fluctuations over the past few years. The Motley Fool has a disclosure policy. Additionally, try to see its price graph. 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. 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. Fetch.ai Price Prediction 2023, 2025 and 2030, Will VeChain reach $1, $10? Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. But the important thing to note is that SHIB has become more accessible. In addition, it has a current trading volume of $264 million. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. Thus, the meme token could defy SHIBs price predictions and reach 1 cent sooner than expected. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. He loves spending time with his cats, along with playing every new PC action game as soon as possible. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). Currently, Shiba Inu has a market cap of $7 billion with a current circulating supply of 550 trillion. 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. At the time of writing, Shiba Inu's SHIB coin is trading at $0.00003982. However, once Shiba Inu implements many of the proposed plans, it is likely that Shiba Inu will reach 1 cent very soon. 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. However, according to Binance, "the top no 1, no 2 and no 5 wallets hold 50.5 per cent, 7 per cent and 3 per cent of total supply respectively". While Dogecoin has a high chance of reaching $1 in the future, we can't say the same for Shiba Inu, at least not in its current state. This site uses Akismet to reduce spam. So today, its uses are limited. This could be similar to the run of Dogecoin itself. That's when it soared a mind-boggling 45,000,000%. site: MoneyMorning.com, 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. But a significant amount of chips would have to be burned for the price to reach $1. Generally, the burning mechanism for SHIB depends on its usage. There's also a bit of the past repeating itself at play here. We will concede that this answer could change dramatically in the future. 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. 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. That will free the cryptocurrency 's potential is limited -- and as we saw year... 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