Cost basis and return based on previous market day close. Shiba Inu Price Prediction Shib Price is Up, Will it Continue to Climb? Click here to watch the talks of the amazing Berlinverse speakers. There were 1000 trillion SHIB (1 quadrillion) in the start, but roughly 451 trillion were locked up or burnt forever. To make the world smarter, happier, and richer. However, the fact remains that some people are drawn to coins that have a low price per unit due to the cheap coin fallacy. The first thing to understand about digital currencies is that there aren't many tangible catalysts for investors to wrap their hands around. Having read the woof paper from start to finish, the end goal of the devs is to create the largest decentralised ecosystem in the world. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. When Will Shiba Token reach $10 USD? Yes. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. New Uptrend 2023? Being an emotional investor will cloud our judgment and will lead us to make terrible money decisions. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $0.000028 by December 2025. This is an easy to use online charting tool that requires no downloads or prior knowledge. we have seen shiba in the list of top gainers crypto on Coingecko and CoinMarketCap tracking platform. However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. 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 United States entire Gross Domestic Product (GDP) is about $20 trillion, whereas Chinas GDP is roughly $14 trillion, according to the Federal Government. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The Shiba Inu coin, launched less than a year ago and named after the dog breed, is a cryptocurrency that trades as SHIB and champions itself as the "Dogecoin killer.". Shiba Inu, a new Dogecoin-inspired cryptocurrency launched last August, has now formed ties with crypto.com, the world's largest cryptocurrency exchange. Right now, Shiba Inu trades for a fraction of a cent. Expert analysis as token SURGES by 164% SHIBA INU has risen by more than 164 percent in a week showing bearish dominance in the market while dogecoin prices. Other projects being worked on by the Shiba Inu team include the ShibaSwap decentralized exchange, the Shiboshis NFT collection and SHIB: The Metaverse. The will shiba inu reach $1 cent in 2022 is a question that many are asking. Simply put, it's vanishingly unlikely that Shiba Inu will ever reach 1 cent, let alone any higher. It makes up 11.94% of their total holdings. The cryptocurrency Shiba Inu has wowed investors with its path up the charts. What is theShiba Inu price prediction, and is the SHIBA Inu on track to reach $1 soon? Invest better with The Motley Fool. Can Shiba Inu Reach $1? We know top market exchange also interested to bringing shiba on their platform after seeing huge spike in community. And it's climbed more than 44,000,000% this year. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. Therefore, according to simple reasoning, the SHIB coin will never even reach a valuation of $0.10 or 10 cents. 1 zero needs 10% of coins burned. Shiba Inu runs on a decentralized computer system with a blockchain database. The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. Shiba Inu isn't a blockchain. This could drive the SHIB price to 1$. Long-term, a currency has no intrinsic worth. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. However, due to the general decline of the crypto market, that hasnt come to pass. The answer to this question is no, it will not reach 10 cents. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. With momentum playing such a key role for digital currencies, the fear of missing out (FOMO) would be important. SHIB is trading up 29% to $0.00001037 at the time of writing. Even during SHIBs all-time high in October 2021, when the token was trading at $0.0000881, SHIB would have needed to increase in price by 113x to hit a price of $0.01. 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? For those of you keeping score at home, this sort of return allows for an investor to double their money, on average, about once every seven years. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. 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. What are Shiba Inu coin price predictions for 2040 and 2050? The creator of Shiba Inu is known under the pseudonym Ryoshi. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; . Invest better with The Motley Fool. From trough to peak, a $1 investment in Shiba Inu would have (briefly) made you a millionaire in 2021. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. Making the world smarter, happier, and richer. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. Finally, if Shiba Inu were to reach $0.001, it would have a market value of nearly $550 billion. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. 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. Can Cardano reach $2 in 2023? And according to the CoinMarketCap list of the largest cryptocurrencies, Shiba Inu - the Dogecoin Killer - is ranked in the top 15 cryptocurrencies w. ith a market capitalisation of $11 Billion. 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. But the question remains - can SHIB reach the magical 1 cent mark? 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. The Shiba Inu coin price rose by 5% on the day, and it continued to increase as NowPayments also incorporated the coin as a payment channel for e-commerce platforms. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Shibarium developers want to make Shibarium one of the most desirable networks for dApps growth, particularly since dApps (decentralized applications) are among the most fiercely debated subjects in the cryptocurrency world. Will Shiba Inu coin reach $1? Most probably between end of 2024 or even start of 2025. Before 2021, its trading volume was extremely low, less than $1,000 on most days. For the last 7 days, Shiba Inu prices have been fluctuating and trading within the $0.000020 and $0.000022 range. As of writing, SHIB's price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. This means raising its price levels at a rate of 3.6 million percent per annum or 300,000% per month, without fail, for the next five years. SHIB's entire market value will be $54.9 trillion at a $0.10 valuation, which is 2.5 times more than US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple Inc. (AAPL), and 55 times more than Tesla's (TSLA) market cap. Shibarium is a layer-2 blockchain project currently under development. Shiba Inu's biggest catalyst yet may be days away. According to the US government, the country collects $4 trillion in taxes each year. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. 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. 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. Though Ethereum founder Vitalik Buterin was able to burn over 410 trillion SHIB coins in 2021 -- Shiba Inu's founder gifted roughly half of SHIB's 1 quadrillion token supply to Buterin -- future burn events won't come anywhere close to this level. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. The crypto market always moves step by step with a full of context. Even though many crypto investors dismiss meme coins outright, the fact remains that SHIB is the 13th largest crypto asset by market capitalization, surpassing the likes of Litecoin, Polkadot and TRON. Can SHIB double again? Trillion is correct. This is a Layer 2 solution that could solve some of Shiba Inu's problems. As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . In September, 1.5 million people searched for "Shiba Inu coin," believe it or not. Could Shiba Inu Help You Become a Millionaire? Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Despite the fact that SHIB is identical to other ERC20 token currencies, the community is what sets it apart. So, will Shiba Inu reach 1 cent? They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. Efforts are underway to burn Shiba Inu tokens to reduce supply. Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. This Meme Coin PUMPED 50% in the past 24 hoursWill it continue to Grow? 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. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. However, credit must be given where credit is due. Can Cardano reach $2 in 2023? Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. Is it possible for the coin to reach one cent? In recent weeks, theShiba Inu coinhas seen significant price fluctuations. Shib coin is selling for about $0.0000085 per coin with a market value of $3.4 billion, so there's still plenty of time to grow. To reach $1 shib would need to be 100 trillion, worth more than the value of every asset on the planet as of 2017 (80 trillion ish). The Federal Reserve estimates that there are around $8 trillion in coins in circulation across the globe. One of the common searches and questions is if SHIB can reach 1 cent. And if the uptrend that the token has posted in October 2021 is anything to go by, Shiba Inu can be expected to resume its price rally soon. Over the past nine months, only 56 new merchants have come to accept Shiba Inu as payment on Cryptwerk. This could really drive the SHIB price in 2023. Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. Shiba token manages continue its bull run in every market situation, whether it is bullish, bearish and neutral sentiment. If SHIB were to reach $0.01, it would have a market capitalization of approximately $5.89 trillion, which would be 4.6x larger than Bitcoin at its very peak. When will Shiba Inua Coin reach a penny? The Shiba Inu team is working on key products like Shibarium, and SHIB is positioned well thanks to numerous crypto exchange listings. Solanas Network Outage: A Sign of Trouble for Investors? But verily, it's foolish to think of Shiba Inu coin's worth $0.01, $0.10, $1 by 2025. At that kind of size, even a 2x price increase would have required a massive amount of capital to flow into SHIB. It's certainly not impossible; but it'll need a lot of help to get there. The news heightens Shib Inu's visibility and offers more purchasing access to prospective buyers. Input your search keywords and press Enter. More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. To make the world smarter, happier, and richer. Being an emotional investor taints our judgment and causes us to make poor financial judgments. From there, ADA should rebound higher as what happened previously. We will concede that this answer could change dramatically in the future. However, this doesnt mean that its impossible for the SHIB price to grow. From there also . Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. In July 2021, Buterin donated 50 trillion SHIB coins, which represented 5% of its total supply, to India's Covid-19 relief fund. Can Shiba Inu reach 1 cent? Interest in blockchain-based gaming, as well as NFT trading/ownership, has fallen off a cliff. 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. SHIB is built on Ethereums ERC20 protocol. The Motley Fool has positions in and recommends Ethereum. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. However, SHIB was not spared during the cryptocurrency bear market of 2022. Though it has a loyal following on social media, people cheering in the stands doesn't change the fact that Shiba Inu offers no competitive advantages. Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. Shibarium would change all of that, with operations moving on to this separate network. It's simply a token that runs on the Ethereum network. For example, some people that are looking to invest in crypto for the first time avoid Bitcoin because 1 BTC is too expensive, even though its possible to buy as small a fraction of Bitcoin as youd like. Will Shiba Inu Reach 1 Cent? Despite its parabolic price jumps in the last few months, reaching $10 will be an uphill task. SHIB Burn Rate Turns Out Extremely Low In February There are still some coins that are worth investing in. Here's why. The crypto is on the rise this year, with a gain of 64% so far. It does not make any logical sense that SHIBs market cap can be 54 times more than that of Bitcoin, 100 times more than Ethereum, 27 times more than Apple, 2.5 times more than US GDP, or half of the World GDP. After learning about Shiba Inu you will better understand is Shiba Inu a good investment for long term? Cryptoasset investing is highly volatile and unregulated in some EU countries. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. 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). Most probably between end of 2024 or even start of 2025. This could make Shiba Inu one of the leading cryptos to explode in 2023. Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023? When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. From the above chart, we see that for SHIB to reach 10 cents, the total market cap of Shiba Inu has to be 549 Trillion x $0.10 = $54.9 Trillion. We answer this question, explore the reasons why experts believe SHIB token prices will rise in the next few months, reasons it wont reach $10 and their Shiba Inu price prediction for 2026 hereinbelow. Another point against SHIB reaching $1 is its supply inflation according to our data, the supply of Shiba Inu increased nearly 8% year-over-year, which makes the prospects of SHIB hitting a $1 milestone all the more unlikely. Shiba Inu: A Brief Overview. Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. The Big Ripple Price Prediction for 2023 How high can the XRP price go in 2023? Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. SHIB, on the other hand, is a cryptocurrency based on ERC20 tokens. There you have it, Shiba Inus goal is not to reach $10 or even $1. No consumer protection. While it might be difficult to decipher with so many zeroes following its decimal point, Shiba Inu gained an almost unfathomable 121,109,489% in under 10 months. Let's take a closer look. Shiba Inu (SHIB) will never reach $0.10 or ten cents. Shib coin is a new cryptocurrency that has been designed for the Shiba Inu, famous for being one of the smallest and cutest dog breeds in Japan. It would be worth more than the entire cryptocurrency market today. Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. Will Shiba Inu Reach $1 USD? SHIB. SHIB/USD eight-hour chart. The rally in Shiba Inu is widely supported by the volumes which rose more than 250 per cent in the last 24 . Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record, Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit, How to Buy Decred (DRC) in 2021 [Step-by-Step Buyers Guide]. Or you can invest in Shiba Inu or stake your holdings to earn passive income. 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 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. Shiba Inu coin has landed on the tally of the top 10 tokens purchased by the biggest whales in the last 24 hours. Continue with Recommended Cookies. Even the thought of getting here is simply unfathomable. It is to outpace Dogecoin and beat its market capitalisation even if the SHIB token prices remain under a penny. Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. 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. This could be similar to the run of Dogecoin itself. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Shib price prediction 2030 in Indian Rupees: Shiba Inu is . This could be similar to the run of Dogecoin itself. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. With the scary percentage growth rate it has to achieve to get here and the lack of faith from its development team aside, you also have to look at two other factors that make it virtually impossible for Shiba Inu to reach $100. Shiba Inu (SHIB) will never reach $0.01 or 1 cent because it is financially absurd and illogical. 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. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. 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 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? It's now the 13th biggest cryptocurrency by market value. SHIBs entire market value will be $54.9 trillion at a $0.10 valuation, which is 2.5 times more than US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple Inc. (AAPL), and 55 times more than Teslas (TSLA) market cap. Author has 1.7K answers and 477.7K answer views 1 y By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. Even though weve hopefully demonstrated that you shouldnt expect SHIB to ever reach 1 cent, that doesnt mean that there isnt any potential upside for Shiba Inu. 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. Given that it is an ERC-20 token, i.e., it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. Regrettably, such statements are not just deceptive; they are also harmful to us, the retail investors. It's somewhat similar to a publicly traded company enacting a stock buyback. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. In addition, the SHIB burn rate in February has fallen short of expectations, which is likely to reinforce bearish sentiment. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. Well, for starters, Shiba Inu is at the time of writing valued at $0.000020. 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. While the coin first dipped by over 94% in its first year of trading, the price of Shiba Inu exploded in 2021, recording a massive 43,220,000% growth and hitting an all-time high of $0.00008819 in October 2021. Shiba Inu Price Prediction: SHIB/USD Weekly chart showing the price GoCharting. if shiba goes to 1 cent how much will i get. As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. First, a little background on Shiba Inu's path so far. 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. Initially, there were 1000 Trillion SHIB (1 Quadrillion), but around 451 Trillion has been locked away or burned forever. eToro have proven themselves trustworthy within the crypto industry over many years we recommend you try them out. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. How possible is this Cardano . Is Shiba Inu Price BULLISH? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. Can Shiba Inu coin reach 1 cent or $1? According to the figure above, for SHIB to attain a market size of $54.9 trillion, the overall market cap of Shiba Inu must be 549 trillion x $0.10 = $54.9 trillion. Shiba Inus biggest catalyst yet may be days away. If youre interested, check out our list of the meme coins that could be the next to explode. The consent submitted will only be used for data processing originating from this website. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. 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. On the Ethereum network, its another ERC20 token. 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. 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. Not even in our lifetime. It is evolving . Soloway's price projections have historically been accurate.