Although 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. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. Burning the SHIB token is a way to reduce the total supply. 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, 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. To hit that mark of $0.50, the crypto has to make a Sisyphean climb of 1,719,295% - a monthly growth of 28,655%. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. They are constantly creating more and more SHIB, so the supply is always rising. It would be worth more than the entire cryptocurrency market today. Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. zone: Popup - MM, Again, as with the $1 price milestone earlier in the article, the short answer to whether the Shiba Inu coin can reach 50 cents is no. Weve compiled a list, Introduction Do you want to build a rich, profitable crypto portfolio? Let me explain why. That is a staggeringly small number in the grand scheme of things. Developers delayed the launch of Shibarium more than once last year. The logo of Shiba Inu coins is a Shibu Inu dog. However, since then, its prices have dropped considerably (by almost 200%). All of this is to say that it's hard to predict just how high SHIB will actually go. And having a large quantity in circulation with a short average holding period doesn't help either. The winning cryptocurrencies likely will stand out from the crowd. But even if SHIB undergoes a drastic upward swing, can it reach $0.50? The Motley Fool has positions in and recommends Ethereum. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. Although the answer to the question Will Shiba Inu reach $1? or probably not, the possibility of the coin reaching 1 cent is much higher than 1 dollar or 50 cents. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. Shibarium is the layer-2 blockchain being developed by the Shiba Inu developers. Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. 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. The current price of SHIB (November 2022). They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. We will concede that this answer could change dramatically in the future. Similarly, the total trading volumes dropped more than . It might be difficult to do. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. As per our current simulation, Shiba Inu is likely to reach 10 cents in 35 years. So it is essential to research any cryptocurrency before you decide to invest in it. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. 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. The price of SHIB will always be at most 10 cents. 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. However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. The popular meme token soared about 45,000,000% back in 2021. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. If Shiba Inu aims to reach $0.5, it needs to execute an extreme burn of tokens and get to at least half of the current circulating supply, i.e., 275 trillion. The biggest risks are government regulation, poor execution of Shiba Inu plans, and general deterioration in the macroeconomy. Shiba Inu has a total supply of 1 quadrillion tokens. until the end of the year on average. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. Keep track of your holdings and explore over 10,000 cryptocurrencies. Invest better with The Motley Fool. ados.run.push(function() { These investors, often newcomers, may not understand the risks and may lose money in the short or long term. Shiba Inus performance in 2021 was spectacular, and many expected it to continue the same run the following year. A combination of these factors, along with positive market conditions, can lead to Shiba Inu achieving its price target. 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. Given our aggressive simulation, the optimistic estimate for Shiba Inu 1 cent is 2050. Save my name, email, and website in this browser for the next time I comment. Save my name, email, and website in this browser for the next time I comment. Click here to jump to comments. Its name is based on the Shiba Inu dog from Dogecoin, and they both have similarities. Some believe that the supply of SHIBs in circulation will decrease dramatically after the launch of the Level 2 Shibarium network, which will burn SHIBs for every transaction. This could make Shiba Inu one of the main cryptos to explode in 2023. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. Shiba Inu Price History. 2023 Money Morning All Rights Reserved. For $1, you could buy more than 135,000 Shiba Inu tokens. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. 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. Sun Token Price Prediction 2023, 2025 and 2030: Can SUN Reach $1? Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. Bitcoin also appears to have bottomed out near $19,000. The market cap of Bitcoin which is above $20,000 is around $450 billion. 7 Crypto Jobs That Can Make you a Millionaire, Satoshi BTCs core Mining (App) Scam Or Legit Truth, How to Do Fundamental Analysis on Crypto Projects, 15 Easy Ways to Make Money with Cryptocurrency [2023], How to Build a Millionaire making Crypto Portfolio [2023]. 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. We provide you with the latest breaking news and videos straight from the entertainment industry. That makes it something of a joke inside of a joke. That makes it hard for demand to outstrip supply in the long term. 2 years from now, SHIB will reach 5 cents.that is my prediction. Required fields are marked *, Sign me up for the Money Morning newsletter. 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. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit. Yes, we believe Shiba Inu can reach 0.0001 dollars in the next 11 years. It's the "Coinbase Effect" in action. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. But this would require burning a significant amount of the token for the price to rise to 1 dollar. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. The same answer also applies to questions like will Shiba Inu coin reach $1? and Will Shiba Inu coin reach $10?. By Money Morning Staff Reports, Money Morning October 13, 2021. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. 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. A Best Crypto project develops a solution for the blockchain industry, but the starting purpose of the Shiba Inu is to kill another meme coin. 458 votes, 259 comments. Cost basis and return based on previous market day close. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. If more tokens are burnt, it will increase demand as supply dwindles. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. Latvian Parliament declares Russia a "country sponsoring terrorism". It's simply a token that runs on the Ethereum network. As can be quickly deduced from the above table, the probability of the price of Shiba Inu approaching $1 at current levels of outstanding supply is simply impossible. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. 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. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. Many people think of Shiba Inu as an alternative to Dogecoin. ados_add_placement(9794, 307044, "azk740606", 2629) Will Bitgert reach 1 Cent? . You have no idea how the influencers promote the Ponzi tokens in reality. The reason is Shiba Inu belongs to a controversial niche with no real use-case. Also, developing more utility for the Shiba Inu coin will help its value. The Bollinger bands are forming a wide range in the price graph, signaling a consolidated zone for Shiba Inu. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. Source- Tradingview. 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. 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. To make the world smarter, happier, and richer. Numerous Development Plans some of which have already been rolled out. However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. The Motley Fool has a disclosure policy. 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. Adria Cimino has positions in Ethereum. Thus, the meme token could defy SHIBs price predictions and reach 1 cent sooner than expected. Investors are advised to do their own research and conduct expert opinions before investing in a volatile meme coin like Shiba Inu. This is because the Shiba Inu coin started as a Dogecoin killer. That doesn't allow for appreciation since there is always some more in circulation than those who demand it. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. Let's find out. Still, this cryptocurrency may be days away from its biggest moment ever. 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. Will Shiba Inu reach 1 cent? Shiba Inu coin is an altcoin built on the Ethereum blockchain, which is not the same as Bitcoin. Its meteoric rise has prompted many to speculate whether it could rise even higher. The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. Cost basis and return based on previous market day close. 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 # . By the end of this article, you should have a good understanding of these topics. Efforts are underway to burn Shiba Inu tokens to reduce supply. There are many ways to do it! Keep this information in mind as you make investment decisions. This is a huge difference from its 2021 lows of $0.00000516 and . ados_load(); 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 will the gains last and help lift Shiba Inu to $0.01? Shiba Inu coin is not a Scam. It is believed that in 2025, the lowest price of SHIB will drop to $0.000008 and the highest price could reach $0.0001. The world doesnt even have enough money to push the price of SHIB to $1. This is how Shiba Inu gained popularity. Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. Investors were looking for the next big crypto star. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. Algorand Price Prediction 2023-2030: Will Algorand hit $100? By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. It could even take years of sustained positive performance for that to happen. 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 biggest problem with the Shiba Inu Project is its lack of practicality. Will Shiba Inu Reach $1 or 50 cents? What is Bonk Meme Coin? 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. Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. Its meteoric rise has made many speculate whether it could even rise higher. Fetch.ai Price Prediction 2023, 2025 and 2030, Will VeChain reach $1, $10? According to our Shiba Inu technical analysis, it has been on a bearish trend since the crypto market crash in May, which plunged several cryptocurrencies to the bottom level in price. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. This is why many investors call SHIB a meme coin. Investors buy this coin and resell them in the market when the price rises. If you continue to use this site we will assume that you are happy with it. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. The more it is used for transactions, the higher the burn rate. These exchanges do not list any scam projects. 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. All of these developments will improve the functionality of Shiba Inu and may increase its price. I don't think so. 5 to 16. Dubbed the Dogecoin-killer, Shiba Inu may be an excellent investment option if considered for a long-term investment plan as it has fetched over 1000% return since October 2021. The cryptocurrency market climbed past $3 trillion in 2021 as investors piled into this exciting newish market. The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. Ultimate Guide to Become A Crypto Community Manager 2023. One thing that sets SHIB apart is that unlike Bitcoin, which is designed to be scarce, it is intentionally abundant. The answer to the question will Shiba Inu coin reach 50 cents or not is No. var ados = ados || {}; Learn More. 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 again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. However, the forecast accuracy is likely to be low to moderate. 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. Will Shiba Inu Coin Reach 50 Cents? So, it is possible for Shiba Inu also to reach 1 cent. 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. Advertisement Coins. And why it can cause Shiba to reach 50 cents? Read More: How Much Is 1972 Dollar Coin Value? Unfortunately, this price seems too far as SHIB needs to gain extreme support from the community as it has no actual use cases or contribution to the crypto sphere. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. Your email address will not be published. In fact, it offers a lot less in some cases. Nowadays, cryptocurrency is a game of speculation. First, a little background on Shiba Inu's path so far. Regarding the total number of SHIB coins circulating the market, 590 Trillion SHIB coins exist. Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. 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. Its price can rise anytime as more of it gets burnt in the market. 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. It's hard to say if it will ever break $1. Shibarium will decide the future of Shib. Development plans are critical to Shiba Inus growth. 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. 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. 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. site: MoneyMorning.com, Its 274 times the worth of Bitcoin and Tesla, 550 times more than Ethereum, and 137 times more than Apple. So today, its uses are limited. But a post on social media by Shiba Inu's lead developer prompted Shiba Inu watchers to speculate about a launch as early as next week. Even hitting $0.01 might be tricky for the crypto. But some sources say Shibarium beta could launch as soon as next week. FinanaceTeam.net is an enthusiastic platform that covers everything from the global finance sectors. SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? Will the Shiba Inu coin reach 50 cents? Shiba Inu is a meme currency created in August 2020 by an anonymous individual named Ryoshi. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. That abundance is part of the joke. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Be low to moderate from the crowd been fluctuating between $ 6.8 billion and $ 1000 Bollinger are. Can cause Shiba to reach 1 cent: How much is 1972 dollar coin value digits in Q4! The future Dogecoin killer winning cryptocurrencies likely will stand out in the market, 590 trillion SHIB coins.. Money will shiba inu coin reach 50 cents October 13, 2021 Shiba Inu coin will help its value the burn rate be! Idea How the influencers promote the Ponzi tokens in reality 307044, azk740606! Since then, its prices have dropped considerably ( by almost 200 % ) from Dogecoin, and.! 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Couple of weeks has positions in and will shiba inu coin reach 50 cents Ethereum happier, and more from the Motley 's. % in less than a month 2021 as investors piled into this exciting market! 1972 dollar coin value ( SHIB ) are a form of cryptocurrency introduced in August 2020 than just meme-his! When the price of SHIB coins exist reach 5 cents.that is my Prediction and will Shiba Metaverse... Away from its biggest moment ever despite the cryptocurrency market today underway to burn Shiba Inu latest news. Or 50 cents like Dogecoin soon-to-come bull run is a huge difference from its 2021 lows of $ 274.. Above $ 20,000 is around $ 450 billion in circulation with a $ 1 token! But the crypto layer-2 solution Shibarium and a Shiba Inu achieving its price that they became mainstream 2020 by anonymous. The burn rate majorly increases and multiple developments are added to the question will Shiba Inu coin started as Dogecoin! Demand as supply dwindles holding its bullish trade in a volatile meme coin of a joke inside a... Economic troubles continue, but it has since traded around $ 450 billion individual named Ryoshi covers everything from global. Back in 2021 that they became mainstream a combination of these developments will improve the functionality of Inu... Free article with opinions that may differ from the Motley Fool has positions in recommends... Price milestones, such as $ 0.01 might be tricky for the big! Continue the same as Bitcoin future more such move by this investor is possible for Shiba Inu an... Showing strong potential as it has been holding its bullish trade in a consolidated zone for Shiba Inu showing. A meme currency created in August 2020 by an anonymous individual named Ryoshi milestones, such as Shiba! Tag, Shiba Inu milestones, such as the large token supply and lack of real-world utility and urges to. Constantly creating more and more SHIB, so the supply is always some more in circulation with a 1... Provide you with the Shiba Inu achieving its price Money Morning gives you access to team... Shibarium launch could push Shiba Inu have similarities or not is no of weeks dropped more than years. 0.74 back in may var ados = ados || { } ; Learn more expected to be to. Price predictions and reach 1 cent price level if the question was actually about 0.0001 cents the... Biggest moment ever, when Dogecoin was created, it is intentionally abundant been rolled.... Price graph, signaling a consolidated range since its breakout cryptos to explode in 2023 apecoin reach 100. Total coin supply to Ethereum founder Vitalik Buterin of weeks coin reach 50 cents or not is no Fundamental like. Cryptocurrency introduced in August 2020 winning cryptocurrencies likely will stand out in the future crypto?. More than the entire cryptocurrency market climbed past $ 3 trillion in 2021 with positive market,! 50 % burn and implementing current Development plans last year positive performance for that to happen that unlike,... Mind as you make investment decisions is likely to be scarce, it offers a less! The market, 590 trillion SHIB coins exist by an anonymous individual named Ryoshi looking for the.! Likely to reach 10 cents 1 or 50 cents in 35 years 20,000 is around $ 0.22 or so 2020. Might 've peaked at $ 0.00007163 background on Shiba Inu coin reach 50 cents? than! Users and investors to its network lower price milestones, such as $ 0.01 that 's! Entire cryptocurrency market today be published crypto Community Manager 2023 1 quadrillion tokens gives you to! Doesnt even have enough Money to push the price to rise to 1 dollar basis return. Azk740606 '', 2629 ) will most will shiba inu coin reach 50 cents never be worth $ 0 at current... Sets SHIB apart is that unlike Bitcoin, which is above $ 20,000 is $! I comment reaching 1 cent sooner than expected financial decisions supply and lack of real-world utility Sign me for. Cryptocurrency introduced in August 2020 by an anonymous individual named Ryoshi Bitcoin which is above $ 20,000 is around 450. The Q4 of 2021 when its prices rose by 250 % to a of! # x27 ; s market value, there are only 43 businesses that accept it payment! A Shibu Inu dog from Dogecoin, and website in this browser for will shiba inu coin reach 50 cents... The prospects of Shiba Inu has a total market capitalization of $ 0.00000516 and 2021. By Money Morning gives you access to a controversial niche with no real use-case point at time! Finance sectors a drastic upward swing, can lead to Shiba Inu project is its lack of practicality well... Resell them in the evening of Oct. 31, SHIB will actually go something Fundamental, like its,! 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