If you want to know the answer to this question, keep on reading. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. This is a big deal in enhancing the intrinsic value of Shiba Inu. 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. 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. Shiba Inu in Playstation: Playstation a leading gaming console mentioned Shiba Inu in their new game. 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. 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. Investors were looking for the next big crypto star. If you see its price increase, you can make the best decisions depending on it. The more it is used for transactions, the higher the burn rate. SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. 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. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. Required fields are marked *. All of this means Shiba Inu doesn't stand out from the competition. Shiba Inu Market Capitalization. However, since then, its prices have dropped considerably (by almost 200%). SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. At the time of writing, the forecasted SHIB price one year from now is $0.0000354, which would represent an increase of about 174% compared to the current price. Both are highly impractical at the moment. Shiba Inu has a total supply of 1 quadrillion tokens. But the real question is what is the best way to buy Shiba? With a $1 price tag, Shiba Inu's market value would reach $550 trillion. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Another point against SHIB reaching $1 is its supply inflation according to our data, Shiba Inu supply has increased nearly 8% year-over-year, making SHIBs prospects of reaching a $1 milestone all the more unlikely. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. That means people have to put in way much more money, collectively, just to raise the price. About Us; Staff; Camps; Scuba. 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]. FinaceTeam.net offers its reader the latest news and financial turmoil going worldwide. .setZone(136136); However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent. This is Shiba Inus starting use case. Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. However, burning SHIB coins will remain the same price, as it will increase only by a small margin. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. until the end of the year on average. But even if SHIB undergoes a drastic upward swing, can it reach $0.50? Learning how to invest $100 make $1000 a day is better. Source- Tradingview. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. Its because $274 Trillion is 3.5 times the worlds GDP! var ados = ados || {}; According to The Sun, the currency has not. Shiba Inu has a maximum supply of 1000 trillion tokens, and 400 trillion tokens have been burned, which is a very high number, so the team needs to burn more tokens on a consistent basis on the specified timeline in order for the price to rise.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'cryptoglobally_com-banner-1','ezslot_2',114,'0','0'])};__ez_fad_position('div-gpt-ad-cryptoglobally_com-banner-1-0'); Will Shiba Inu Coin reach 50 cents after building their metaverse game? There has been an increase of 814. Shib could hit a penny probably a decade after if many variables go in its favor. This is because this cryptocurrency was introduced as a joke. Shiba Inu (SHIB -0.54%) may have helped create some millionaires in the past. So far, more than 410 trillion SHIB tokens have been burned, most of them due to Vitalik Buterin. But a significant amount of chips would have to be burned for the price to reach $1. While Dogecoin has a. The Bollinger bands are forming a wide range in the price graph, signaling a consolidated zone for Shiba Inu. Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. Released in 2020, Shiba Inu coins first grew in popularity. Therefore, if you are interested in Shiba Inu coins, keep track of their prices and trading volume daily. Therefore SHIB to reach 1 cent will require market more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. But it could reach 1 cent after a few years of symbolic burns and deflationary mechanics. There's also a bit of the past repeating itself at play here. For instance, a statement by the Federal Reserve Chairman on easing the pace of rate hikes led to a 3% rise in Shibs price. That abundance is part of the joke. 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. Required fields are marked *. then it can pump like a rocket, and it canbe a huge opportunity for the holders. Generally, the burning mechanism for SHIB depends on its usage. 1 Million Shiba Inu will be worth $10,000 if Shiba Inu hits 1 cent, 1 Million Shiba Inu will be worth $100,000 if Shiba Inu hits 1 cent. 2023 Money Morning All Rights Reserved. It is very unlikely that the Shiba Inu coin will hit the $1 mark as it hasn't shown much growth unlike its Shiba Inu counterpart, Dogecoin. The crypto has already gained 25,000,000% overall in the past year for an average monthly growth of 2,000,000%. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. The community must also hold together during this period. | Better L2 Than Polygon Matic. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. What does the future hold for the Shiba Inu coin? 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. Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. Biconomy Price Prediction 2023-2030: Can Biconomy reach 1000 Dollars? The RSI-14 indicator is also hovering around a bullish zone as it makes an exponential rise to a level of 64. Read more:How Can I Benefit From Investing In Crypto? To hit that mark, SHIB would have to make a climb of 34,288%. If you invested in Shiba Inu coins, tell us how much you invested in the comment section below. Shiba Inu gave back some of. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. Read Here, Before we do the simulation, here are some facts. Why is this such a big deal? Things can be line people will pay less or even no attention to meme typed coins in 2025. Adria Cimino has positions in Ethereum. We will concede that this answer could change dramatically in the future. 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. 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. 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. Will Shiba Inu reach 1 Cent by 2025? Other indicators are also dropping for the coin as its trading volume of $217M went down by 50% in that same period. The coin was never intended to hold its value. Similarly, the total trading volumes dropped more than . Instead, this is due to several features unique to the token. Its name is based on the Shiba Inu dog from Dogecoin, and they both have similarities. Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. This solution, Shibarium, should strengthen this popular meme token and could boost its value. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. The team behind SHIB has already tried to create more utility for the token with other related projects, such as Shiboshis (Shiba Inu NFTs) and ShibaSwap DEX. 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