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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. Shiba Inu will definitely reach 10 cent in 10 years alot of investors are moving in Meanwhile, major cryptocurrencies exchanges have them on their platform.. Buy and hold for the said 10 years 1 David Turner Former Litigation Partner (Ret.) Cost basis and return based on previous market day close. Investors were looking for the next big crypto star. Can Cardano reach $2 in 2023? Is SHIBA INU even Alive? 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. Shytoshi Kusama, the developer, tweeted on December 24 that Shibarium is nearly impossible to show up before the end of the year due to the holiday periods. Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. SHIB is determined to transform into a comprehensive ecosystem with a metaverse and blockchain games, with the incipient liftoff of Shibarium, a Layer 2 solution that will facilitate faster transactions and lower gas expenses. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, 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. Nicknamed the "Dogecoin killer," many. 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 Inu: A Brief Overview. SHIB at. Shiba Inu is nothing but Japanese Dog breed started as meme coin and now become biggest investment in crypto world. As a result, the SHIB coin is not a novel concept. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. Currently trading at $0.000020, the, For starters, it has no real value. The cryptocurrency Shiba Inu has wowed investors with its path up the charts. Will Shiba Inu Reach $1 or 50 cents? When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. SHIB is a monetary token on the Ethereum network. This low price was a reflection of Shiba Inu's creator placing 1 quadrillion tokens in circulating supply. Of course, theres no guarantee that a coin will ever reach its previous all-time high again. However, credit must be given where credit is due. By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. However, SHIB is an ERC20 token-based cryptocurrency. This sparked a cryptocurrency rally. At the moment, no one believes that Shiba Inu will reach $10 in the near future, and certainly, no one believes it will reach $100 in our lifetime. Cryptoasset investing is highly volatile and unregulated in some EU countries. This would represent a 32.18% price increase for SHIB in the next 5 days. In fact, it is still very unlikely, but it is theoretically possible. Crypto experts are optimistic that the price of Shiba will further increase in 2022. Shiba token manages continue its bull run in every market situation, whether it is bullish, bearish and neutral sentiment. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. This is a major development because the primary criticism directed at Ethereum is its increased gas fees and low latency functionality. Without getting overly complicated, layer-2 blockchain is a series of secondary solutions overlaid atop existing blockchain to enhance functionality. Sean Williams has no position in any of the stocks mentioned. Here's what the prospects look like for SHIB as it struggles to reach the one cent mark. Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00005546. The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. Its absurd that the total market cap of SHIB will be more than Bitcoin, Ethereum, Apple, Tesla, and other valuable companies when SHIB is nothing but an Ethereum based ERC20 token. Could Shiba Inu Help You Become a Millionaire? Developers delayed the launch of Shibarium more than once last year. In short, Shiba Inu (SHIB) will never hit $0.10 or 10 cents. 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. This does not mean it is a certainty. This effectively invalidates the pre-market crisis predictions that expected the price rally to thrust it towards $1. SHIB, which exists as an ERC-20 token on the Ethereum blockchain, has more than 1.2 million holders. That'd be bigger than all but five publicly traded companies in the United States and would make no sense given SHIB's complete lack of utility. On October 28, 2021,. You might actually LOVE this Answer! Some do not even believe that Shiba Inu has what it takes to reach $1 by 2026. Yesterday, Shiba beat Ethereum in 24-hour trending volume collectively on DEX and CEX. The Answer might SHOCK You! Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. A single SHIB coin is . This is a huge difference from its 2021 lows of $0.00000516 and market cap of under $1 billion. Shiba Inu is a decentralized cryptocurrency that was launched in August 2021. They are cumulatively holding $601 million worth of SHIB tokens. But since they all remain confident that the SHIB token prices will continue rising in the foreseeable future, how far up do they then expect the token to reach by 2026? websites is a tad more optimistic. As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. we have seen shiba in the list of top gainers crypto on Coingecko and CoinMarketCap tracking platform. SHIB, on the other hand, is a currency rather than a commodity. If more tokens are burnt, it will increase demand as supply dwindles. It's certainly not impossible; but it'll need a lot of help to get there. SHIBA INU technical analysis for today - Mar 02, 2023. Ensuring that transaction fees are negligible is critical to getting this NFT marketplace and blockchain-based gaming off the ground. New Uptrend 2023? Most meme coins have a very large circulating supply, which results in a low price per unit. Most probably between end of 2024 or even start of 2025. Shib price prediction 2025 in INR: Shiba Inu is predicted to touch 0.008 by the end of 2025. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; Despite its parabolic price jumps in the last few months, reaching $10 will be an uphill task. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. The volatility and momentum associated with digital currencies have led to some truly jaw-dropping gains. The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. The following are the advantages: While most crypto users are already aware of SHIBs meme token, it is trying to expand beyond its preliminary public image, with a rising community that includes a DEX, NFT, and a game influenced by Shiba Inu. And it's climbed more than 44,000,000% this year. In today's episode, I discuss when Shiba Inu Coin will reach a penny! 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. As a result, Shiba Inu took off. Shibaswap, the ecosystems native DEX, can be utilized by stockholders to exchange tokens, take part in governance, create passive income, and buy NFTs. Things can be line people will pay less or even no attention to meme typed coins in 2025. Most probably between end of 2024 or even start of 2025. Can SHIBA INU Coin Price Reach $0.01, $0.10 or $1.00? To add to this list, coin burn is unlikely to provide the benefit SHIB holders expect or hope for. Yes. When SHIB is nothing more than an Ethereum-based ERC20 token, its ludicrous that its overall market value will be more than Bitcoin, Ethereum, Apple, Tesla, and other major enterprises. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. Shiba Inu (SHIB) will never reach $0.10 or ten cents. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. Moreover, it has extended to include tokens such as LEASH, BONE, TREAT, and SHI, which serve numerous purposes in the environment. It defies logic that SHIBs market value is 54 times more than Bitcoins, 100 times greater than Ethereums, 27 times greater than Apples, 2.5 times greater than US GDP, or half of global GDP. Dogecoin is a cryptocurrency that exists independently of Bitcoin. Shiba Inu prepares for higher targetsWhere will SHIB go next? Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. The first lower target will be sliding below the support price of $0.35. And why do they not believe it can hit $10 in the next 5 years? Manage Settings Elon musk also mentioned similar thing in different way, as they told people to focus more on product instead of farming, burning or other non-utility token. The coin has also benefited from the recent resurgence of interest in cryptocurrencies, as more people seek to diversify their portfolios and take advantage of the potential for high returns. From the fundamental side of things, the Shiba Inu team is working on several products that are geared towards making SHIB a more attractive token to hold. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. Nevertheless, rumors have been swirling on social media that this public test is coming relatively soon. Shibarium will also incorporate a burning mechanism in which SHIB tokens will be burned with each transaction. Here Are The Two Other Dog Token Alternatives. The Shiba Inu project recognizes the potential of the virtual world and has launched non-fungible tokens to tap into its ecosystem. But it might reach 1 cent after some years of token burns and deflationary mechanics. It's always traded at a fraction of a cent -- and for good reason. Here Are the Chances for the SHIB Price to Increase, meme coins that could be the next to explode. Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. Here's why. 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. $1 means almost 1803651% up from price $0.00005544 USD. Lets see how this market cap stacks up against other financial products and see whether it makes sense. Shiba market cap volume is crossed billion worth and now heading towards setting half trillion worth if more investor continues to show same interest. In fact, it is still very unlikely, but it is theoretically possible. From there, ADA should rebound higher as what happened previously. While SHIB has seen massive price increases in the past, the chance of hitting large multiples becomes smaller as the market cap of the asset grows. The Motley Fool has a disclosure policy. Despite Ethereums recent move to aPoS network, transaction speeds are still yet to drastically improve. Overall, the Shiba Inu price was lower after the crash than it had been earlier. Dogecoins current supply is 132 billion coins, with about 5 billion new coins being added per year. 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. However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. However, the fact remains that some people are drawn to coins that have a low price per unit due to the cheap coin fallacy. Many publications, YouTube videos, and forum postings say that Shiba Inu (SHIB) cryptocurrency can or will reach a value of $0.10. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. With its unique 'dog-themed' design and meme-based marketing, it has attracted a loyal fan base and gained a lot of attention from investors. 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. Shiba Inu (SHIB) will never reach $0.01 or 1 cent because it is financially absurd and illogical. Cost basis and return based on previous market day close. You can use Shiba Inu to pay at certain merchants. Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $. Shiba Inu, a new Dogecoin-inspired cryptocurrency launched last August, has now formed ties with crypto.com, the world's largest cryptocurrency exchange. There is a lot of optimism within the crypto community that Shiba Inu prices will resume the climb and continue rising into the near future. Shiba Inu Prediction 2025 Can the Meme Coin Repeat Its BOOM? So, it is possible for Shiba Inu also to reach 1 cent. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn ? Shiba Inu runs on a decentralized computer system with a blockchain database. Well explain why SHIB will never achieve 10 cents in this essay. Further, Shibarium's launch was widely expected last year. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. And other cryptos have their own blockchains to run apps that may change the way the worlds of finance or entertainment operate down the road. As of writing, SHIB's price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. SHIB Burn Rate Turns Out Extremely Low In February However, SHIB was not spared during the cryptocurrency bear market of 2022. With an estimated 549 trillion SHIB coins still in circulation, per CoinMarketCap.com, a big burn event would be needed to pump up the value of each remaining token. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. Upcoming developments. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. When there are viral social media campaigns urging people to buy Shiba Inu in order to get SHIB to a penny or get SHIB to $1, some people dont stop to think about what that would actually entail because $0.01 and $1 seem like small numbers. If youre making a Shiba Inu price prediction, the 1 cent price level is more or less out of the question. Shiba Inu is of course not the only contender in the meme coin sector. SHIB was largely unknown for about half a year after it was created. Over the past nine months, only 56 new merchants have come to accept Shiba Inu as payment on Cryptwerk. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. Bitcoins price had repeatedly broken out of a long sideways movement, resulting in a 40% increase. The whole cryptocurrency market cap, including all coins and tokens, is less than $2 trillion. First, a little background on Shiba Inu's path so far. The global GDP is estimated to be over $80 trillion. To make the world smarter, happier, and richer. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. Clearly, SHIB-USD has come a long way since its. Is it possible for the coin to reach one cent? The coin reached a high of $0.00003018 back in April. That is the reason why, unlike Dogecoin that has a clear mission of reaching $1, these developers only aim is to beat Dogecoins market cap. Jack Ma, Elon Musk, Edward Snow, Chamath, cathie wood, Changpeng Zhao and jack dorsey tweeted when shib will explode to reach 1 cent or $1 in 2021. But we have to give credit where credit is due. At its absolute peak, BTC had a market capitalization of $1.27 trillion. As a result, Crypto traders are keeping an eye on. Making the world smarter, happier, and richer. Lets compare this market cap with other financial instruments and determine whether it makes sense or not. The only way that shiba inu eats zeros is if the quantity of coins drops drastically. eToro have proven themselves trustworthy within the crypto industry over many years we recommend you try them out. There are still some coins that are worth investing in. We also can see that we will get Shiba Inu at a cheaper rate than what is now. Are you lookingfor a chart analysis toolthat doesnt distract you with community messages and other noise? Is it expected to reach $10 or more in the next five years? Heres a table that shows the market cap of various popular stocks and metals in the world. Also, developing more utility for the Shiba Inu coin will help its value. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. 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. That would be a 1000% plus increase from where the Shib coin is at now, which might sound like a good opportunity to invest. Yes, its Trillion. Despite its low price per unit, Shiba Inu has surpassed 1.3 million unique addresses . But the question remains - can SHIB reach the magical 1 cent mark? All these developments will improve Shiba Inu's functionality and could boost its price. Following the massive drop, the price has gradually returned to normal. It's simply a token that runs on the Ethereum network. The price of SHIB soared from 0.00001 to 0.000014 US dollars. 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. The reason is what we like to call the cheap coin fallacy. There were 1000 trillion SHIB (1 quadrillion) in the start, but roughly 451 trillion were locked up or burnt forever. Because Shiba Inu is constructed on Ethereum, these considerations have slowed significantly the SHIB networks development. So, despite SHIB being similar to other ERC20 token coins, the community is the differentiating factor. But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? Will Shiba Inu Reach $1 USD? As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. Shiba token burn and liquidity locking program pushing price to the moon and that favouring project in term of bringing new investor and diamond hand holder. The first thing to understand about digital currencies is that there aren't many tangible catalysts for investors to wrap their hands around. Shiba Inu isn't a blockchain. Chipotles first investment in bitcoin Microsoft is a company that specializes in (MSFT), Amazon is a company that sells books (AMZN), The Total Market Capitalization of the Worlds Stock Exchanges. For example, it would not be so outlandish to say that a cryptocurrency with a market cap of $10 million could potentially 100x in price over a long enough time period. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. It is less likely that Cardano will crash lower than $0.30. Could Shiba Inu Help You Become a Millionaire? Gaming doesn't look as if it's going to differentiate Shiba Inu, either. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. Today, however, different crypto experts and investors are confident that Shiba Inu prices will rise again and continue gaining for the next few years. Its why they are Trillion dollar company. SHIB/USD eight-hour chart. The most you can do with SHIB tokens is transfer them from one wallet to another. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? Keep track of your holdings and explore over 10,000 cryptocurrencies. The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch.