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. 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? The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00005546. 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. Finally, if Shiba Inu were to reach $0.001, it would have a market value of nearly $550 billion. Shiba token burning program protocol has changed, as initially token was transferred to Ethereum founder wallet. Will Shiba Inu Reach $1 or 50 cents? According to the US government, the country collects $4 trillion in taxes each year. It's now the 13th biggest cryptocurrency by market value. Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. Shibarium is a layer-2 blockchain project currently under development. Meme coins, in particular, had to accept even greater losses. As per the current Shiba Inu coin price prediction 2025, SHIB can reach a value of $0.0028 per coin by 2025 month end. The news heightens Shib Inu's visibility and offers more purchasing access to prospective buyers. However, the Shiba Inu coin was also negatively impacted by the FTX crash in the days that followed. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. This sparked a cryptocurrency rally. Instead, this is due to several features unique to the token. Long-term, a currency has no intrinsic worth. Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Shiba Inu's 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. $1 means almost 1803651% up from price $0.00005544 USD. Still, this cryptocurrency may be days away from its biggest moment ever. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. But first, let us look at its current price. When will Shiba Inua Coin reach a penny? 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. Shiba Inu will definitely reach 10 cent in 10 years alot of investors are moving in Meanwhile, major cryptocurrencies exchanges have them on their platform.. Buy and hold for the said 10 years 1 David Turner Former Litigation Partner (Ret.) It could happen if enough SHIB token is burnt. SHIB, on the other hand, is a cryptocurrency based on ERC20 tokens. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. And that doesn't weigh in Shiba Inu's favor. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; This is a . On the Ethereum network, SHIB is a monetary token. The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. 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 $100. This could drive the SHIB price to 1$. 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. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. That's when it soared a mind-boggling 45,000,000%. SHIB. In this context, the factors of project niche, marketcap, revolution, and innovations are significant. Shibarium would change all of that, with operations moving on to this separate network. 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. Is Shiba Inu Price BULLISH? Is it possible for the coin to reach one 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. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. Upcoming developments. Shiba token manages continue its bull run in every market situation, whether it is bullish, bearish and neutral sentiment. 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. Lets See The Next 5 Alternatives. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. Today, it would have to rise a lot less - by about 2,000,000% to reach the $1 mark. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. 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. The will shiba inu reach $1 cent in 2022 is a question that many are asking. Other projects being worked on by the Shiba Inu team include the ShibaSwap decentralized exchange, the Shiboshis NFT collection and SHIB: The Metaverse. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. Read Also: Is Shiba Inu (SHIB) Worth Buying? Lastly, there would almost certainly need to be a large coin burn event. When Will Shiba Token reach $10 USD? Shiba Inu Price Prediction Shib Price is Up, Will it Continue to Climb? What are Shiba Inu coin price predictions for 2040 and 2050? Most meme coins have a very large circulating supply, which results in a low price per unit. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. Shiba inu community need to start working on utility and bringing more product on the platform. This low price was a reflection of Shiba Inu's creator placing 1 quadrillion tokens in circulating supply. And even Shiba Inu token developers know it. 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? 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. If youre making a Shiba Inu price prediction, the 1 cent price level is more or less out of the question. Over the past nine months, only 56 new merchants have come to accept Shiba Inu as payment on Cryptwerk. It is evolving . But not a single price prediction we have come across shows the possibility of SHIB tokens selling for $10 any time soon. However, the bigger issue for Shiba Inu is that it's unable to differentiate itself from more than 22,000 other cryptocurrency projects. Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. pic.twitter.com/zQRoOuL9oW. Most probably between end of 2024 or even start of 2025. How possible is this Cardano . However, due to the general decline of the crypto market, that hasnt come to pass. Let's find out. Here are 3 Cryptos to Buy in March 2023. Therefore, the SHIB coin is not something new. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. The crypto market is undoubtedly optimistic that Shiba Inu token prices will rise again and possibly reach new heights within the next 5 years. This does not mean it is a certainty. Response from investor and real user are unreal because it giving tough competition to dogecoin community in term of voting. 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. Lets see how this market cap stacks up against other financial products and see whether it makes sense. To reach $0.10 shib would need to be 10trillion, aka the most valuable asset in history. According to CoinMarketCap, there are currently 549 Trillion SHIB coins in circulation. For Shiba Inu, the one clear-cut catalyst that provides make-or-break potential in 2023 is Shibarium. Overall, the Shiba Inu price was lower after the crash than it had been earlier. The token was presented as an alternative to Dogecoin, and was sometimes referred to as the Dogecoin killer. Trillion is correct. In short, Shiba Inu (SHIB) will never hit $0.10 or 10 cents. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Or you can invest in Shiba Inu or stake your holdings to earn passive income. The answer to this question is no, it will not reach 10 cents. 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. It is not only the first but also the most popular cryptocurrency in the world. Shiba Inu Price Prediction: SHIB/USD Weekly chart showing the price GoCharting. we have seen shiba in the list of top gainers crypto on Coingecko and CoinMarketCap tracking platform. The SHIB price is currently $0.000007949 at the time of writing. We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. Some do not even believe that Shiba Inu has what it takes to reach $1 by 2026. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . Could Shiba Inu Help You Become a Millionaire? Dogetti: The Dogefather of Meme Coins Family and community are the foundation of this coin's success. First, the recent crypto shock took the market by surprise and threw it into disarray. But we have to give credit where credit is due. Well explain why SHIB will never achieve 10 cents in this essay. Shiba Inu prepares for higher targetsWhere will SHIB go next? No consumer protection. Are You Bored with Shiba Inu? Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. 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. if shiba goes to 1 cent how much will i get. By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. That's 1,000 trillion. Shib price prediction 2030 in Indian Rupees: Shiba Inu is . 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. Crypto experts are optimistic that the price of Shiba will further increase in 2022. Because Shiba Inu is constructed on Ethereum, these considerations have slowed significantly the SHIB networks development. Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. Will Shiba Inu coin reach $1? The following are the advantages: While most crypto users are already aware of SHIBs meme token, it is trying to expand beyond its preliminary public image, with a rising community that includes a DEX, NFT, and a game influenced by Shiba Inu. That would be a near 620% increase from where the Shib coin is . We will concede that this answer could change dramatically in the future. Lets compare this market cap with other financial instruments and determine whether it makes sense or not. 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). So, should you buy Shiba Inu while it's trading well below $0.01? As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. New Uptrend 2023? Coin Price Forecast predicts Shib will trade at $0.00004266 at the end of 2022. 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. And it's climbed more than 44,000,000% this year. What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $. 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). Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. But since they all remain confident that the SHIB token prices will continue rising in the foreseeable future, how far up do they then expect the token to reach by 2026? The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. And according to the CoinMarketCap list of the largest cryptocurrencies, Shiba Inu - the Dogecoin Killer - is ranked in the top 15 cryptocurrencies with a market capitalisation of $11 Billion. SHIB was largely unknown for about half a year after it was created. SHIB is a monetary token on the Ethereum network. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. However, the fact remains that some people are drawn to coins that have a low price per unit due to the cheap coin fallacy. Before 2021, its trading volume was extremely low, less than $1,000 on most days. What is theShiba Inu price prediction, and is the SHIBA Inu on track to reach $1 soon? The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. Shiba Inu Price Prediction: SHIB is Set To Explode? //