They are cumulatively holding $601 million worth of SHIB tokens. Well, for starters, Shiba Inu is at the time of writing valued at $0.000020. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. Investors are still on a wait-and-see mode, and there is no telling when the crypto prices will start climbing again. The Answer might SHOCK You! First, a little background on Shiba Inu's path so far. The will shiba inu reach $1 cent in 2022 is a question that many are asking. Please make cautious investments. The Motley Fool has positions in and recommends Ethereum. This is a . All these developments will improve Shiba Inu's functionality and could boost its price. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. Each offers distinct ways for stockholders to raise their investment return. Can Shiba Inu reach 1 cent? It could even take years of sustained positive performance for that to happen. Read Also: Is Shiba Inu (SHIB) Worth Buying? Will Shiba Inu reach 1 cent? Nonetheless, the price has been reduced even further. Its another ERC20 token on the Ethereum network. And why do they not believe it can hit $10 in the next 5 years? 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. We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. 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. Thousands of mining machines (rigs) are used by independent miners across the globe to keep the network functioning. This does not mean it is a certainty. Well explain why SHIB will never achieve 10 cents in this essay. When will Shiba Inua Coin reach a penny? It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. The most notable of these products is Shibarium, a layer 2 scaling platform for Ethereum. Kusama told the Shiba folks that the Shibarium would come very soon.. And there is never an accurate answer to the price action and direction that Shiba Inu, or any other cryptocurrency for that matter, will take in the future. But we have to give credit where credit is due. If the cryptocurrency market enters another bull run, SHIB could very well be one of the meme coins to explode. This could make Shiba Inu one of the leading cryptos to explode in 2023. Nicknamed the "Dogecoin killer," many. In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). So, if there is a cryptocurrency bull run again and demand for Shiba Inu rises, interested buyers will have no problems with acquiring the token. Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. In 2015, Dogecoin was also worth $0.00008690. 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. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. It means the Shiba Inu (SHIB) coin does not have any independent mining network. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. The next time someone tells you SHIB is going to 10 cents soon, they are effectively arguing that all 7.8 billion people on Earth are about to pour their cash and savings into SHIB. 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. Is it expected to reach $10 or more in the next five years? As a result, the SHIB coin is not a novel concept. On the other hand, SHIB does not create any product; its a currency. 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. The total cryptocurrency market of all coins and tokens combined is under $2 trillion. Can Shiba Inu Reach $1? 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. Shiba Inu Price Prediction: SHIB/USD Weekly chart showing the price GoCharting. 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. No consumer protection. Shiba Inu coin has landed on the tally of the top 10 tokens purchased by the biggest whales in the last 24 hours. Shib price prediction 2025 in INR: Shiba Inu is predicted to touch 0.008 by the end of 2025. Burning the SHIB token is a way to reduce the total supply. This is impractical. Lets see how this market cap stacks up against other financial products and see whether it makes sense. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. They are, however, not convinced that the token can reach $100 or $10 in the next few years. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? however, Robinhood faces backlash for memecoin listing and even other exchange also facing similar kind of situation. 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. On Wednesday, the price of Shiba Inu coinwhich trades as SHIBsurged 33% to reach an all-time high of $0.00005478. The total maximum supply of Shiba Inu tokens is 1 quadrillion. Response from investor and real user are unreal because it giving tough competition to dogecoin community in term of voting. Shiba market cap volume is crossed billion worth and now heading towards setting half trillion worth if more investor continues to show same interest. Is Shiba Inu Price BULLISH? So, if the market cap of Shiba Inu would be so outlandish if SHIB reached $1 or even $0.01, why do we see people mentioning these price targets so often on social media platforms? However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. Named after the quirky breed of Japanese hunting dogs, Shiba Inu Coin ( SHIB-USD) has surged from $3 billion in market cap to over $30 billion in the span of a few weeks. The global GDP is estimated to be over $80 trillion. Will Shiba Inu (SHIB) Eventually Reach $100? At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. //]]>. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. I don't think so. Its why they are Trillion dollar company. Buterin also sent 40% of Shiba Inu's total supply to a "dead wallet", which is also referred to as burning, according to Shiba Inu's website. Sometimes, we refer to such cryptocurrencies as penny cryptos. Today, however, different crypto experts and investors are confident that Shiba Inu prices will rise again and continue gaining for the next few years. The price dropped dramatically from $0.000014 to $0.000009. Shibarium envisions being an ecosystem from which potential Shiba Inu projects will come up. It makes up 11.94% of their total holdings. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Lastly, there would almost certainly need to be a large coin burn event. SHIB is trading up 29% to $0.00001037 at the time of writing. To Shiba Inu (SHIB) reach $0.10, the total market cap of SHIB has to be 549 Trillion x $0.10 = $54.9 Trillion. SHIB is built on Ethereums ERC20 protocol. So, it is possible for Shiba Inu also to reach 1 cent. From there also . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Although it eventually pulled back to finish 2021 higher by a "pedestrian" 46,000,000%, Shiba Inu enthusiasts still believe it can reach $0.001 (one-tenth of a penny). 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. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. The reason is Shiba Inu belongs to a controversial niche with no real use-case. Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. 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, finish 2021 higher by a "pedestrian" 46,000,000%, virtually no chance of this lofty price target becoming a reality, Copyright, Trademark and Patent Information. You also have to look at its massive maximum token supply. The cryptocurrency was made as a joke in the likeness of the dog breed Shiba Inu. Shiba 2024 Price Forecast in INR: Shib Coin is predicted to touch 0.006 by the end of 2024. Making the world smarter, happier, and richer. websites is a tad more optimistic. Shiba Inu: A Brief Overview. As a result, the price per token is extremely lowat the time of writing, 1 SHIB is only worth $0.00001110. From there, ADA should rebound higher as what happened previously. The whole cryptocurrency market cap, including all coins and tokens, is less than $2 trillion. FACT: Will Shiba Inu Coin reach $1 during the next Bullrun? 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. Crypto asset investing is highly volatile and unregulated in some EU countries. According to Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. First, the recent crypto shock took the market by surprise and threw it into disarray. Keep track of your holdings and explore over 10,000 cryptocurrencies. Making the world smarter, happier, and richer. Interest in blockchain-based gaming, as well as NFT trading/ownership, has fallen off a cliff. Yesterday, Shiba beat Ethereum in 24-hour trending volume collectively on DEX and CEX. The Shiba Inu team is working on key products like Shibarium, and SHIB is positioned well thanks to numerous crypto exchange listings. However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success. 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. Long-term, a currency has no intrinsic worth. Shiba Inu is one of the most popular cryptocurrencies out there. That is why Bitcoin is the most popular cryptocurrency. Though the rate at which Shiba Inu price surges varies from one expert to another, the general feeling is that one SHIB token may be selling for between $0.000024 and $0.00038 by the end of 2025. With one Quadrillion SHIB tokens around, getting to $100 per token would mean creating an unutterable market capitalisation of $100 Quadrillion for the Shiba Inu network. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. Perhaps no cryptocurrency is more responsible for setting the bar high -- at least when it comes to one-year returns -- than meme coin Shiba Inu (SHIB). Tax on profits may apply. 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. While it seems. Being an emotional investor will cloud our judgment and will lead us to make terrible money decisions. Shiba Inu (SHIB) will never reach $0.10 or ten cents.
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