Why Shiba Inu (SHIB) Can't Reach $1 Crypto Reality Check now, question will it continue to highlight that top gainer list and will Shiba surpass Dogecoin and other crypto for best investment of year 2021. In this context, the factors of project niche, marketcap, revolution, and innovations are significant. Please make cautious investments. In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). Other projects being worked on by the Shiba Inu team include the ShibaSwap decentralized exchange, the Shiboshis NFT collection and SHIB: The Metaverse. As it happens, Shiba Inu first spurred these hopes when it skyrocketed by over 1,069% to its all-time high (ATH) of $0.00007924 back in late October 2021, only to drop 86.75% since then, at press time changing hands at the price of $0.00001137, as per data retrieved on March 3. Following the massive drop, the price has gradually returned to normal. On October 29, 2021, Shiba Inu's price increased by more than 10 times, giving the company a $41 billion market value. If these products are widely adopted, they could serve as a catalyst for the price of SHIB to move higher and make it one of the best cryptos to buy. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. Dogecoins massive price increase in the early part of 2021 led crypto speculators to look for the next Dogecoin, and the market settled on Shiba Inu as the best candidate. 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. 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. [CDATA[ 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. Will Shiba Inu (SHIB) Coin Reach 10 Cents? - ProVsCons The Rise of Meme-Inspired Cryptocurrencies: An Analysis of Dogecoin and the 1-month volatility of the coin is at 5.26. This effectively invalidates the pre-market crisis predictions that expected the price rally to thrust it towards $1. Or you can invest in Shiba Inu or stake your holdings to earn passive income. On the Ethereum network, its another ERC20 token. This could make Shiba Inu one of the leading cryptos to explode in 2023. Check outGoCharting! On the Ethereum network, SHIB is a monetary token. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; Not even in our lifetime. 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. Nimiq (NIM) Coin Price Prediction 2023, 2025, 2030, 2040, 2050, Xswap (XSP) Coin Price Prediction 2020, 2021, 2025, 2030, Pi Network Price Prediction 2023, 2025, 2030, 2040, 2050, Bittorrent (BTT) Coin Price Prediction 2023, 2024, 2025, 2030, 2050, Cardano (Ada) Price Prediction 2023, 2025, 2030, 2040, 2050, Bitcoin SV (BSV) Price Prediction 2023, 2024, 2025, 2030, 2050, Maker (MKR) Price Prediction 2023, 2025, 2030, 2040, 2050. 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. But will the gains last and help lift Shiba Inu to $0.01? However, SHIB is still mostly perceived as a speculative meme coin, so it will likely take favorable conditions in the broader crypto market in order for SHIB to see substantial gains. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. Developers delayed the launch of Shibarium more than once last year. So, should you buy Shiba Inu while it's trading well below $0.01? Will Shiba Inu Reach $1 or 50 cents? SHIB Price Prediction If the cryptocurrency market enters another bull run, SHIB could very well be one of the meme coins to explode. 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. They are, however, not convinced that the token can reach $100 or $10 in the next few years. Overall, the Shiba Inu price was lower after the crash than it had been earlier. 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. From trough to peak, a $1 investment in Shiba Inu would have (briefly) made you a millionaire in 2021. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Without getting overly complicated, layer-2 blockchain is a series of secondary solutions overlaid atop existing blockchain to enhance functionality. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. This is a fancy way of saying it's just a payment coin -- and there are countless digital currencies that could be used as a payment tool. //Could Shiba Inu (SHIB) make you a millionaire? - finbold.com 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). In fact, it is still very unlikely, but it is theoretically possible. At that kind of size, even a 2x price increase would have required a massive amount of capital to flow into SHIB. 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. Here Are The Two Other Dog Token Alternatives. Shiba Inu Price At Pivotal Point, Only 352 Million SHIB Burned In This could be similar to the run of Dogecoin itself. Shiba Inu was launched in August 2020 without much fanfare. The Shiba Inu coin, similar to Dogecoin, is a meme-based cryptocurrency that was created in August 2020 by an anonymous person (or a group of people) who go by Ryoshi. Solanas Network Outage: A Sign of Trouble for Investors? Shiba Price Prediction - Does This Meme Coins Struggle for Direction So, despite SHIB being similar to other ERC20 token coins, the community is the differentiating factor. As of this writing, there's no set date for when Shibarium will be beta-tested in public view. Shiba market cap volume is crossed billion worth and now heading towards setting half trillion worth if more investor continues to show same interest. How high can , The trend of the crypto market is currently up. 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. Today, most do not expect Shiba Inu prices to even come close to $1 by 2030. SHIB. No, Shiba Inu will probably never reach and sustain a $10 token valuation. SHIB rose by over 85,000,000% within a year and hit its all-time high on October 28, making itthe most prominent example of a monumental bull run in crypto in recent years. We can expect 1 cent mark probably in year 2022. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. To make the world smarter, happier, and richer. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. 1/2 ? So it is essential to research any cryptocurrency before you decide to invest in it. Can SHIBA INU Coin Price Reach $0.01, $0.10 or $1.00? - YouTube In the best-case scenario, it projects that SHIB's price could reach $0.000270 by February 2024, accounting for the technical analysis data aggregated on February 6th. Not only are these games a lead-in to future metaverse ambitions, but they're expected to fuel a marketplace where NFTs can be bought and sold. Yes. 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. The total cryptocurrency market of all coins and tokens combined is under $2 trillion. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. Can Shiba Inu Reach $1? Crypto experts are optimistic that the price of Shiba will further increase in 2022. Sean Williams has no position in any of the stocks mentioned. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? SHIB Burn Rate Turns Out Extremely Low In February Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. At the time of writing, Apple is the worlds most valuable company, with a market capitalization of about $2.14 trillion. Can SHIB double again? Shiba Inu coin has landed on the tally of the top 10 tokens purchased by the biggest whales in the last 24 hours. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. Crypto asset investing is highly volatile and unregulated in some EU countries. Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023? Dogetti: The Dogefather of Meme Coins Family and community are the foundation of this coin's success. Tax on profits may apply. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? 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. Get all Latest News about shiba inu voyager, Breaking headlines and Top stories, photos & video in real time What would it take for. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. Author has 1.7K answers and 477.7K answer views 1 y Interest in blockchain-based gaming, as well as NFT trading/ownership, has fallen off a cliff. Yes, its Trillion. Because of the nature of these coins, this is the case. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. Moreover, it has extended to include tokens such as LEASH, BONE, TREAT, and SHI, which serve numerous purposes in the environment. SHIB at. Adria Cimino has positions in Ethereum. To Shiba Inu (SHIB) reach $0.10, the total market cap of SHIB has to be 549 Trillion x $0.10 = $54.9 Trillion. However, SHIB is an ERC20 token-based cryptocurrency. At its absolute peak, BTC had a market capitalization of $1.27 trillion. But it took until 2021 before it was worth a cent. 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. Shibarium would change all of that, with operations moving on to this separate network. 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). The crypto market is undoubtedly optimistic that Shiba Inu token prices will rise again and possibly reach new heights within the next 5 years. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. Will Shiba Inu Reach $1 or 50 cents? The reason is Shiba Inu belongs to a controversial niche with no real use-case. Will Shiba Inu reach $0.10 this year? | The Sun In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. Therefore, according to simple reasoning, the SHIB coin will never even reach a valuation of $0.10 or 10 cents. However, price predictions are not set in stone, as market conditions can change radically. 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. When Will Shiba Token reach $10 USD? Its another ERC20 token on the Ethereum network. The Answer might SHOCK You! This is an easy to use online charting tool that requires no downloads or prior knowledge. What are Shiba Inu coin price predictions for 2040 and 2050? What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? Trillion is correct. Again, as with the $1 price milestone earlier in the article, the short answer to whether the Shiba Inu coin can reach 50 cents is no. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. The will shiba inu reach $1 cent in 2022 is a question that many are asking. And why do they not believe it can hit $10 in the next 5 years? Lets See The Next 5 Alternatives. While anything is possible in the cryptocurrency space, as SHIB has previously demonstrated, there's virtually no chance of this lofty price target becoming a reality this yearor ever. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Input your search keywords and press Enter. Shiba Inu Coin Price Prediction: What To Consider - SeekingAlpha Bitcoin, Dogecoin is a standalone cryptocurrency. Cost basis and return based on previous market day close. Can Shiba Inu coin reach 1 cent or $1? In addition, the SHIB burn rate in February has fallen short of expectations, which is likely to reinforce bearish sentiment. Soloway's price projections have historically been accurate. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. 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. In today's episode, I discuss when Shiba Inu Coin will reach a penny! On the one hand, Peter Mallouk, Creative Planning CEO, stated that . 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. But over the past decade, cryptocurrencies have turned this traditional moneymaking strategy on its head. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. Manage Settings At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. While Dogecoin has a. Shiba Inu Price Prediction - Can SHIB Reach 1 Cent? This is a Layer 2 solution that could solve some of Shiba Inu's problems. Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. 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. The price of SHIB soared from 0.00001 to 0.000014 US dollars. Dogecoin was developed in 2013 as a comical spin on the then-emerging trend of cryptocurrencies - whereas Shiba Inu was developed in 2021 as a "meme coin" that was a rival to Dogecoin. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. 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. The FTX crash harmed the Shiba Inu coin at the beginning of November, and the Shiba Inu prediction became shaky. 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. 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. Shiba Inu has pulled off some of the most impressive price performances in the history of crypto markets. Could Shiba Inu Help You Become a Millionaire? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The platform aims to reach a coin value of $0.00001474 by the end of 2023, which would reflect a further 19% increase to the present price. In fact, it is still very unlikely, but it is theoretically possible. Currently trading at $0.000020, the Dogecoin Killer will need to grow its value by 18 Million percent if it is to reach this target price. Just like the broader crypto market, the Shiba Inu (SHIB) price is currently at a crucial turning point from a technical chart analysis. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn ? But verily, it's foolish to think of Shiba Inu coin's worth $0.01, $0.10, $1 by 2025. Elon musk recently asked to reveal how much he holding Shiba token and he replied none. This question seems to come up on social media multiple times per day. 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