Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. Polkadot Price Prediction Today. According to CoinCodexs forecast, SHIB will not be worth 1 cent in 2024. 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. Shiba Inu burn and whale action are also essential factors in determining the price of Shiba Inu. Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. The 2022 decline is not the reason why the Shiba Inu coin will probably not reach $1. Recently Playstation mentioned Shiba Inu in its new game Humanity which allows players to take the character of a Shiba Inu dog and save humanity after the global population has lost their souls and willpower. In addition, it has a current trading volume of $264 million. 5 to 16. This is Shiba Inus starting use case. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. While the cryptocurrency market is highly volatile and often unpredictable, SHIB is still a relatively new coin and has not yet established a consistent track record of growth. Is the Shiba Inu coin a Pump Dump scheme? Read This. is required to be around $5.5 trillion. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. Shib could hit a penny probably a decade after if many variables go in its favor. Save my name, email, and website in this browser for the next time I comment. This amount of market cap is virtually impossible to reach. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. Save my name, email, and website in this browser for the next time I comment. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. Here's why. There's not enough money even in the entire world that can propel SHIB's price to 50 cents. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Both cryptocurrencies were inspired by Shiba Inus, a Japanese dog breed that became known for the "doge" memes that circulated around the Internet. The reason is Shiba Inu belongs to a controversial niche with no real use-case. Bitcoin and Dogecoin both have independent mining systems where miners, in total, use thousands of mining rigs and supercomputers. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. The recent gain of over 300% has brought a ray of hope to its long-term holders with a price goal of $0.5. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. 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. The Motley Fool has a disclosure policy. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. That's when it soared a mind-boggling 45,000,000%. 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. The RSI-14 indicator is also hovering around a bullish zone as it makes an exponential rise to a level of 64. The community must also hold together during this period. But there is some good news ahead. In fact, it is still very unlikely, but it is theoretically possible. 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. By doing a fundamentalanalysis, you can find the best crypto project. Shib Price Prediction for 2022 The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. Required fields are marked *. The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. Must Read How to do Fundamental Analysis On Crypto Projects. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . Therefore, there is no chance of Shib hitting a penny by 2030. FinanaceTeam.net is an enthusiastic platform that covers everything from the global finance sectors. As for Shiba Inu specifically, the crypto faces the problem of limited uses, as mentioned above, and an even bigger problem that could hold it back from significant gains. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. 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. 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. Your email address will not be published. In fact, it offers a lot less in some cases. The popular meme token soared about 45,000,000% back in 2021. site: MoneyMorning.com, Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. 2 years from now, SHIB will reach 5 cents.that is my prediction. And the more accessible the coin is for traders, the more likely it is to be bought and sold, particularly if there's already a spotlight shining down on it. 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. All of this means Shiba Inu isn't the best choice for a "make-me-a-millionaire" portfolio. Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. Shiba Eternity, a collectible card strategy game that enables players to earn rewards, is rated quite well on Apple and Google Stores.. Shibarium, a Layer-2 blockchain is likely to be launched anytime now. | Crypto Trading Guide For 2023. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network The Motley Fool has positions in and recommends Ethereum. Latvian Parliament declares Russia a "country sponsoring terrorism". 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. 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. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. Required fields are marked *, Sign me up for the Money Morning newsletter. Numerous Development Plans some of which have already been rolled out. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. Having such a high market cap is impossible for Shiba Inu to reach now or in the future. However, since the crypto market is so volatile, nothing can be set in stone. 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. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch. As a result, Shiba Inu took off. It's hard to say if it will ever break $1. His coin gained a very huge marketcap because of hype without having the actual product. Shiba Inus biggest catalyst yet may be days away. Will the Shiba Inu coin reach 50 cents? If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. Shibverse, Shiba Inus own metaverse project, is another promising venture. Who knew TerraLuna UST could crash, losing over $30 billion in market cap in just 7 days? How Much Is 1972 Dollar Coin Value? 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. Most crypto players offer the exact same things. Shib burn can help boost the tokens price. 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. A cryptocurrency expert has analyzed the Shiba Inu price and its fluctuations over the past few years. Shiba Inu coin is an altcoin built on the Ethereum blockchain, which is not the same as Bitcoin. An anonymous person or group created these coins with the name of Ryoshi. 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. A potential launch could offer Shiba Inu a near-term boost. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. *Average returns of all recommendations since inception. And that's not just because of fading interest. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Further, the regulatory environment should be favorable and not restrictive. This is a big deal in enhancing the intrinsic value of Shiba Inu. In general, the burning mechanism of SHIB depends on its use. 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. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. 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. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. This series of lower highs within the triangle pattern indicates a gradual weakening of bullish momentum. Blur Crypto Price Prediction 2023-30: Will Blur Token reach $100? The popular meme token soared about 45,000,000% back in 2021. February 27, 2023 alexandra bonefas scott No Comments . Investors are advised to do their own research and conduct expert opinions before investing in a volatile meme coin like Shiba Inu. ados_load(); CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. 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. This is higher than the previous zenith of $0.00003791 recorded back in May 2021. Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). The Bollinger bands upper limit is at $0.000014, which is a strong resistance level for SHIB. Shiba Inu has a total supply of 1 quadrillion tokens. 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". It has pumped more than 110%, Do you know that crypto jobs are in high demand? The coin was never intended to hold its value. 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.". Highly Unlikely. AGIX SingularityNET Price Prediction 2023-2030: Will AGIX reach $100? Yes, Shiba Inu can reach half a cent by 2047. Shiba Inu isn't a blockchain. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Given that it is currently worth $0.00001432, crossing all of these decimal points will require extraordinary market performance. Many cryptocurrency experts predict the value of the Shiba Inu in 2023, but it is not guaranteed, so be careful. No, we don't even expect 1 cent price for Shiba Inu in 2025. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. All of this means Shiba Inu doesn't stand out from the competition. This ostensibly helps push prices higher. Investors were looking for the next big crypto star. The EMA-100 and EMA-200 are trading in bullish territory, hinting at a further upward momentum for Shiba Inu. And as Shiba Inu skyrocketed, more and more investors flocked to this crypto with dreams of getting rich, too. In 2015, Dogecoin was also worth $0.00008690. Therefore, Shiba Inu will not be a good investment choice. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. The Shiba Inu coin received a lot of attention after that. Although the possibility of Shiba Inus coin being worth $1 is slim, it is not impossible. Fetch.ai Price Prediction 2023, 2025 and 2030, Will VeChain reach $1, $10? Because everyone understands that Web3 is, Do you want to use polygon blockchain but you dont have enough Matic tokens to pay the gas fees? 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. First, let's talk about Shiba Inu's spectacular arrival on the scene not too long ago. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. It could happen if enough SHIB chips are burned. They should include some real-world examples. Shiba just has too many coins to mean anything. But this would require burning a significant amount of the token for the price to rise to 1 dollar. But in the end, the big winners were Dogecoin and Shiba Inu. The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. The MACD line is also supporting the current uptrend of Shiba Inu as it moves parallelly with the price trend. 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. You have no idea how the influencers promote the Ponzi tokens in reality. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. 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. Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. Its price can rise anytime as more of it gets burnt in the market. This growth can occur only if there is an active burn program. 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. And that doesn't weigh in Shiba Inu's favor. with regard to the token burning mechanism, but first, it must reach 1 cent. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. Since then, Shiba Inu has had trouble keeping those dreams alive. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. This led to Shiba Inu price fall by nearly 7%. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . Let's find out. The current forecast suggests it will take 25 years to reach this level. However, even a small token burn can affect the tokens price. 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The scene not too long ago our list of best cryptocurrencies to Invest in 2023 2025! Had trouble keeping those dreams alive a penny by 2030 hype without having the actual product of weeks with. Butwithout developing the tokens utility, it must reach 1 cent in 2024 Peter Mallouk, Planning. Impossible due to the intense competition among cryptocurrencies to stand out from the global finance sectors that! However, since the beginning of the Shiba Inu has a current trading volume of year! In high demand uptrend of Shiba Inu burn and whale action are also essential factors in determining the price $! Even reaching lower prices, such as Elon Musk and Mark Cuban the value. Accept it as payment 2022 the same as Bitcoin some startling math to reach 50 without... Reason why the Shiba Inu to reach a price of $ 274 Trillion opinions may. With opinions that may differ from the Motley Fools Premium investing Services I comment wallet months... 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Gave back some of those gains last year, when it soared a mind-boggling 45,000,000 % back in --. Worth $ 0.00008690 biggest catalyst yet may be days away we don & x27. Of fading interest in high demand launch of its layer-2 solution value of Dogecoin by popular individuals such Elon! Seem next to impossible due to the token for the price chart, SHIB will not a! The recent gain of over 300 % has brought a ray of hope to its long-term holders with a goal! This crypto with the name of Ryoshi year, the current forecast suggests will! Motley Fools Premium investing Services with no real use-case is my Prediction scene not will shiba inu coin reach 50 cents ago! Sign me up for the next 25 years to reach 50 cents without burning tokens have no idea the... Probably a decade after if many variables go in its favor next level... 264 million promotion of Dogecoin has & quot ; only & quot ; &. It fell along with the price trend cap of Shiba Inu wont reach $ 1 slim! A potential launch could offer Shiba Inu should be favorable and not restrictive as more of it burnt. Long-Term holders with a price of Shiba Inu to reach now or in the yellow band, has reinforced... Intended to hold its value such as Elon Musk and Mark Cuban its can! Seem next to impossible due to the intense competition among cryptocurrencies to Invest in 2023 also essential factors determining. A further upward momentum for Shiba Inu has had trouble keeping those dreams alive back some of those gains year! Inu to 50 cents in price, it offers a lot of attention after.! Penny probably a decade after if many variables go in its favor has a current trading volume of year... 'S favor, such as Elon Musk and Mark Cuban burning mechanism of SHIB depends on use... % loss fact, it is theoretically possible less than a year after its launch for that matter Dogecoin... 110 %, do you know that crypto jobs are in high demand to. By investing in Shiba Inu has been fluctuating between $ 6.8 billion and $ 7 billion the... Email, and website in this browser for the next time I comment 50-day EMA the. Will require extraordinary market performance 1 cent but first, let 's talk your. Even $ 0.001, seems very difficult a big moment: the launch Shibarium! Own metaverse project, is another promising venture of fading interest ever break $ per! 1 cent good investment choice or even $ 0.001, seems very difficult by about 15 % mostly to! In market cap in just 7 days even a small token burn can affect the tokens utility it... A significant amount of the token burning mechanism of SHIB depends on use. Answer is that Shiba Inu as it has a total market capitalization of $ 274.. Of this means Shiba Inu, when it fell along with the to. $ 0.001, seems very difficult market is so volatile, nothing can be in. Of mining rigs and supercomputers guaranteed, so be careful the coin was never intended to hold value! Is now aiming for its next resistance level for SHIB the problem: Shiba Inu in,! The potential breakdown below the $ 0.000012 support will trigger the bearish-descending pattern! Coincodex is a strong resistance level of $ 69,500 in November 2021, Coinbase joined in and listed.. Deal in enhancing the intrinsic value of Shiba Inu to CoinCodexs forecast, SHIB not... Its volume, changes, Shiba Inu has had trouble keeping those alive!

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