In the best-case scenario, it predicts that the price of SHIB could reach $0.000270 by February 2024, based on technical analysis data aggregated on February 6. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. This is because this cryptocurrency was introduced as a joke. 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. Who knew TerraLuna UST could crash, losing over $30 billion in market cap in just 7 days? So today, its uses are limited. Bitcoin also appears to have bottomed out near $19,000. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. If more tokens are burnt, it will increase demand as supply dwindles. Making the world smarter, happier, and richer. The coin's mascot is the shiba inu dog, the . Will Shiba Inu reach 50 Cents? It's always traded at a fraction of a cent -- and for good reason. But some sources say Shibarium beta could launch as soon as next week. Our experts who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. 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. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. In fact, it is impossible to predict the price of an asset 40 years from now. How Much Is 1972 Dollar Coin Value? To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. Things can change very quickly in the crypto industry. For that reason, Shiba Inu is still in the right environment to rebound and 'eat' one zero to trade above $0.0001 in the coming weeks. 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. All of this means Shiba Inu doesn't stand out from the competition. 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. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. Efforts are underway to burn Shiba Inu tokens to reduce supply. However, price forecasts are not set in stone, as market conditions can change dramatically. Your email address will not be published. Could Shiba Inu Help You Become a Millionaire? Many of us are asking where the price will go over the coming years, and in many ways, it can go from where it is now to prices WAY beyond what any one has thought p. Generally, the burning mechanism for SHIB depends on its usage. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Then the price of 1 coin will reach 1 cent. Also, developing more utility for the Shiba Inu coin will help its value. Or to contact Money Morning Customer Service, click here. At the time, a $100 investment netted a huge . Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Read This. Will Shiba Inu reach 50 Cents? The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. We concede that this answer could change dramatically in the future. Does Shiba coin have a future? 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. var ados = ados || {}; Will Shiba Inu Coin Reach 50 Cents? It could even take years of sustained positive performance for this to happen. He loves spending time with his cats, along with playing every new PC action game as soon as possible. In the two-month stretch between June 18, 2022 and Aug. 18, 2022, SHIB has more than doubled in value to nearly $0.000015. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. All of this is to say that it's hard to predict just how high SHIB will actually go. And that's not just because of fading interest. However, forecasts expect prices to break above current all-time highs as early as 2025. And why it can cause Shiba to reach 50 cents? Comment on This Story Click here to cancel reply. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. As a result, Shiba Inu took off. Home. Learn More. That said there are some promising elements of Shib, This is why Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. But that will depend on the success of the projects and their ability to increase the level of adoption of Shiba Inu. But why is it so? How Much Money Do You Need To Start Investing? One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. Write by: . 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. It is believed that in 2025, the lowest price of SHIB will drop to $0.000008 and the highest price could reach $0.0001. A market cap of $5.5 Trillion may sound crazy today but not if it was 30 years from now or later. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. No, we don't even expect 1 cent price for Shiba Inu in 2025. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. 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. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. That abundance is part of the joke. That has crypto investors wondering if the. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. Even hitting $0.01 might be tricky for the crypto. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. Shiba Inu will not reach 1 cent by 2025 because to reach 1 cent Shib coin will have to reach a market cap of 1 Trillion (2 Times Apple) in 3 years or burn 90% of all SHIB coins in the next 3 years. 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 really . Therefore, many investors are interested to learn whether will Shiba Inu coin reach 50 cents or not. When it comes to the cryptocurrency market, its current market capital rank is #14. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. Since it is an ERC-20 token, meaning it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. 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. SHIB has risen more than 85,000,000% in a year and hit its all-time high on October 28, making it the most prominent example of a monumental bull run in crypto in recent years. But there is some good news ahead. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. 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. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. That is the highest this cryptocurrency will go, as predicted by experts and analysts. Either way, Shiba Inu is one of the best sub-1 cent cryptos to buy, thanks to its vibrant ecosystem and robust community. We also can see that we will get Shiba Inu at a cheaper rate than what is now. That's unlikely to happen. 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. Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. The bull run was initiated due to its most anticipated Metaverse project, Shiberse. However, the current crypto winter has plunged Shiba Inu hard to the bottom. Required fields are marked *. The most critical of them is the widespread acceptance of Shib because of the wide variety of use cases. Blur Crypto Price Prediction 2023-30: Will Blur Token reach $100? While SHIB has some great momentum at the moment, the crypto does have its limitations. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. This led to Shiba Inu price fall by nearly 7%. While there are a few cases of Tokens rising 32279 times, in reality, such rises are rare Let us take a specific scenario If Shiba Inu gains 30% a year (assuming a burn of 50% of its supply) it will take 43 years for Shiba Inu to reach 50 cents. Invest better with The Motley Fool. Regarding the total number of SHIB coins circulating the market, 590 Trillion SHIB coins exist. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. 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. In fact, it is still very unlikely, but it is theoretically possible. Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. Shiba Inu has had some positive developments in 2023, including the launch of the Metaverse platform. Algorand Price Prediction 2023-2030: Will Algorand hit $100? Most crypto players offer the exact same things. Therefore SHIB to reach 1 cent will require market more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies. The Motley Fool has positions in and recommends Ethereum. But even if SHIB undergoes a drastic upward swing, can it reach $0.50? According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. 0 coins. That's when it soared a mind-boggling 45,000,000%. Shiba Inu has a total supply of 1 quadrillion tokens. Even this won't guarantee millions. Shibarium: Will Shiba Inu Price rise by 60%? Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. Shiba Inus biggest catalyst yet may be days away. Shiba just has too many coins to mean anything. The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. While Dogecoin has a strong chance of reaching $1 in the future, we cannot say the same for Shiba Inu, at least not in its current state. The more it is used for transactions, the higher the burn rate. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. Shiba Inu Price History. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. On 29 October, SHIB made further spikes in the price chart and tried to break its immediate resistance level at $0.000015 but faced rejection due to several ongoing macroeconomic factors such as CPI data, inflation rate, interest hikes, etc. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. Buying, trading, or selling cryptocurrencies should be considered a risky investment, and each reader is advised to exercise due caution before making any decision. However, once Shiba Inu implements many of the proposed plans, it is likely that Shiba Inu will reach 1 cent very soon. 458 votes, 259 comments. But its always advised to practice caution while you are doing so. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Investors were looking for the next big crypto star. Shiba Inu has delayed the release several times over the past year. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. All rights reserved by Redhatmedia. But how sustainable is that growth? 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. The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch. Why is this such a big deal? This could make Shiba Inu one of the main cryptos to explode in 2023. 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. And that's Shiba Inu's biggest problem. Compared to DOGE, which has 131 billion in supply for a market cap of $30 billion, it's clear that if there were less SHIB around for the current demand, the value could rise. 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. By Money Morning Staff Reports, Money Morning October 13, 2021. The real question is what are the 3-4 factors that could drive Shiba Inu towards 1 Cent, Here is why Dogecoin is better than Shiba Inu, To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. When he is not writing, he is looking to meet new people. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); The best of Crypto news & Update, in your inbox. This is something that the average crypto investor doesn't seem to understand Reaching a dollar would give SHIB a market cap of nearly 400 billion dollars, which would make it larger than Ethereum. Shiba Inu supporters even claim it is a Dogecoin killer. Of course, Shiba Inu, trading at a fraction of a cent, still could rise enough to deliver a decent gain to investors who take a massive stake in the token. 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]. Samsung to reduce shipments of chips based on older manufacturing nodes, favoring 3nm, Youll be able to delete the last 15 minutes of your Chrome history with a shortcut, Ether.Fi protocol raises $5M to decentralize staking, Bitcoin Delivers Major Bullish Signal for First Time in Over a Year. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. The promotion of Dogecoin has & quot ; increased by about 15 % his cats, along playing. 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