Soloway's price projections have historically been accurate. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. 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 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.". 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. They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. In reality, you shouldnt be looking at a coin or tokens price per unit when trying to see if it is undervalued or overvalued. Shibarium will also incorporate a burning mechanism in which SHIB tokens will be burned with each transaction. A single SHIB coin is . SHIB is based on Ethereum ERC20. Unfortunately, developers have stated that technical issues delayed the public beta test of Shibarium. Today, most do not expect Shiba Inu prices to even come close to $1 by 2030. 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. Following the massive drop, the price has gradually returned to normal. Shiba Inu is an ERC-20 token that's built on the Ethereum (ETH -0.43%) blockchain. The only way that shiba inu eats zeros is if the quantity of coins drops drastically. Making the world smarter, happier, and richer. Dogecoin is a cryptocurrency that exists independently of Bitcoin. The volatility and momentum associated with digital currencies have led to some truly jaw-dropping gains. Most probably between end of 2024 or even start of 2025. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. This is a . At its peak on Oct. 27, a single SHIB token set investors back $0.00008841. Here Are The Two Other Dog Token Alternatives. Lets go over it in more detail. Will Shiba Inu reach 1 cent? In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). Shiba Inu Price Prediction: SHIB/USD Weekly chart showing the price GoCharting. 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). They have alluded as much on the official Shiba Inu website stating that Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin. Gaming doesn't look as if it's going to differentiate Shiba Inu, either. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. websites is a tad more optimistic. $1 means almost 1803651% up from price $0.00005544 USD. What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? The crypto market is undoubtedly optimistic that Shiba Inu token prices will rise again and possibly reach new heights within the next 5 years. The price dropped dramatically from $0.000014 to $0.000009. The coin reached a high of $0.00003018 back in April. Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. Elon musk also mentioned similar thing in different way, as they told people to focus more on product instead of farming, burning or other non-utility token. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. The FTX crash harmed the Shiba Inu coin at the beginning of November, and the Shiba Inu prediction became shaky. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. The only significant difference was the creator built Shiba Inu on the Ethereum network. While it seems. 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. Cryptoasset investing is highly volatile and unregulated in some EU countries. Despite Ethereums recent move to aPoS network, transaction speeds are still yet to drastically improve. It would be worth more than the entire cryptocurrency market today. The global GDP is estimated to be over $80 trillion. 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 coin has also benefited from the recent resurgence of interest in cryptocurrencies, as more people seek to diversify their portfolios and take advantage of the potential for high returns. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. The more it is used for transactions, the higher the burn rate. It's always traded at a fraction of a cent -- and for good reason. The token is trading 87% down from its all-time high price, so people buying SHIB at current price levels are truly buying the dip. 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. Could Shiba Inu Help You Become a Millionaire? If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. This was already a feature of Dogecoin, which launched back in 2013, but the newer generation of meme coins like Shiba Inu has taken this concept to the extreme. 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. Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. It was not uncommon for the total daily trading volume in SHIB to come in below $500 in the months following its debut, based on data from CoinMarketCap.com. First, a little background on Shiba Inu's path so far. The Federal Reserve estimates that there are around $8 trillion in coins in circulation across the globe. But between Jan. 1, 2021 and Oct. 27, 2021, Shiba Inu did something that may never be repeated again by an investable asset. On Wednesday, the price of Shiba Inu coinwhich trades as SHIBsurged 33% to reach an all-time high of $0.00005478. Shiba Inu is nothing but Japanese Dog breed started as meme coin and now become biggest investment in crypto world. Even the thought of getting here is simply unfathomable. The Shiba Inu project will reach a price of ten cents by 2024, based on the growth of the . When he is not writing, he is looking to meet new people. May 12, 2021 By Sam Sant Shiba Inu coin (SHIB) is easily the hottest new form of cryptocurrency. Despite its parabolic price jumps in the last few months, reaching $10 will be an uphill task. As we dig in, Shiba Inu is the largest token held by the dollar value among the largest 100 ETH whales. Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. 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. Popular meme token Shiba Inu (SHIB) is stirring up some excitement. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. The answer to this question is no, it will not reach 10 cents. Nevertheless, rumors have been swirling on social media that this public test is coming relatively soon. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. The Shiba Inu team is working on key products like Shibarium, and SHIB is positioned well thanks to numerous crypto exchange listings. Shiba Inu is just behind Dogecoin in the top 10 of all meme cryptocurrencies, despite a sharp decline in the market worth to the current $6.2 billion as of September 25, 2022. However, the SHIB burn could still contribute to making SHIB a good investment. Continue with Recommended Cookies. As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. 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. We can safely assert that a cryptocurrencys long-term viability is mostly dependent on technology and community, based on our experience. It's going to take some time but 50 mill shib at 1c,5c,10c,50c or $1 per t. The reason is Shiba Inu belongs to a controversial niche with no real use-case. As a result, the SHIB coin is not a novel concept. However, due to the general decline of the crypto market, that hasnt come to pass. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. You can use Shiba Inu to pay at certain merchants. Why the sudden change of heart, though? And even Shiba Inu token developers know it. These cryptos have a mining system. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. Shibaswap, the ecosystems native DEX, can be utilized by stockholders to exchange tokens, take part in governance, create passive income, and buy NFTs. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. As a result, Shiba Inu took off. Over the past 24 hours, Shiba Inu has experienced a decline of 0.12%. The cryptocurrency was made as a joke in the likeness of the dog breed Shiba Inu. That's 1,000 trillion. Can SHIB double again? Shibarium will provide a strategy for burning SHIB tokens. Shibarium Update ? But this would require burning a significant amount of the token for the price to rise to 1 dollar. 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. There is a mining mechanism in place for these cryptos. At a $0.01 valuation, the total market cap of SHIB will be $5.89 Trillion, which is 5 times more than Bitcoin, 10 times more than Ethereum, and 3 times more than Apple (AAPL), and 5 times more than Tesla (TSLA) market cap. 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. This question seems to come up on social media multiple times per day. From trough to peak, a $1 investment in Shiba Inu would have (briefly) made you a millionaire in 2021. we have seen shiba in the list of top gainers crypto on Coingecko and CoinMarketCap tracking platform. 1$ SHIB Price Possible? This could really drive the SHIB price in 2023. The price of SHIB soared from 0.00001 to 0.000014 US dollars. Shiba Inu's biggest catalyst yet may be days away. Lastly, there would almost certainly need to be a large coin burn event. Just like the broader crypto market, the Shiba Inu (SHIB) price is currently at a crucial turning point from a technical chart analysis. In fact, it is still very unlikely, but it is theoretically possible. For starters, it has no real value. Big News: Ripple Price is about to TRIPLE? Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. This effectively invalidates the pre-market crisis predictions that expected the price rally to thrust it towards $1. Shibarium envisions being an ecosystem from which potential Shiba Inu projects will come up. So it is essential to research any cryptocurrency before you decide to invest in it. These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. Invest better with The Motley Fool. 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. First, the recent crypto shock took the market by surprise and threw it into disarray. Like many altcoins, Shiba . Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. The Shiba Inu Coin will be released on the 27th of October, so its possible that the price could go up to 10 cents. The first lower target will be sliding below the support price of $0.35. The cryptocurrency Shiba Inu has wowed investors with its path up the charts. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? Several factors contributed to this. Independent miners worldwide run thousands of mining computers (rigs) to keep the network alive and running. This coin is also called the Dogecoin Killer. However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success. Like before, the main restrictive factor is SHIBs circulating supply, which would, at current amounts, produce a market cap of $275 trillion if the meme coin were to reach the $0.50 mark. It's now the 13th biggest cryptocurrency by market value. 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. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. SHIB: The Metaverse and a blockchain edition of the Shiba Eternity game are two such examples of such initiatives. When the clock struck midnight on Jan. 1, 2021, investors had the opportunity to scoop up SHIB coins for just $0.000000000073. Click here to get a 10% discount on your first payment (monthly or yearly)! First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. Shibarium will also use five utility tokens to meet its objectives SHIB, BONE, LEASH, TREAT, and SHI. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. Cost basis and return based on previous market day close. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 6% of every transaction is redistributed to all holders of Surge Inu, Surge Inu promises to buy SHIB and $SURGE at any major market cap milestone and burn the supply. 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. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. Shiba Inu developers are about to launch Shibarium. The rally in Shiba Inu is widely supported by the volumes which rose more than 250 per cent in the last 24 . Today, however, different crypto experts and investors are confident that Shiba Inu prices will rise again and continue gaining for the next few years. As of this writing, there's no set date for when Shibarium will be beta-tested in public view. The most notable of these products is Shibarium, a layer 2 scaling platform for Ethereum. Nonetheless, the price has been reduced even further. A number of specific catalysts would be necessary for SHIB tokens to catapult to $0.001. 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. More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years. At the time of writing, Apple is the worlds most valuable company, with a market capitalization of about $2.14 trillion. A currency does not have inherent value long term. If youre a speculator, you can sometimes leverage this to your advantage. Crypto experts are optimistic that the price of Shiba will further increase in 2022. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. As a result, Crypto traders are keeping an eye on. This was a reach even in the bull market, and is extremely unlikely now. Shiba Inu Price Explodes By More Than 90% since Jan! SHIB can be transformed into a utility token by minimizing its supply in distribution. SHIB or DOGE: Is Shiba Inu better than Dogecoin in 2023? 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. 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. This could be similar to the run of Dogecoin itself. The price of SHIB soared from 0.00001 to 0.000014 US dollars. As a result, Crypto traders are keeping an eye on. Simply put, it's vanishingly unlikely that Shiba Inu will ever reach 1 cent, let alone any higher. According to our SHIBA INU price prediction, SHIB is expected to reach a price of $ 0.000016 by Mar 07, 2023. 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. Shiba inu community need to start working on utility and bringing more product on the platform. But will it be hard for Shiba Inu to reach $10? A Look at Price Movement So Far 2021 was an exciting year for Shiba Inu Coin. However, the bigger issue for Shiba Inu is that it's unable to differentiate itself from more than 22,000 other cryptocurrency projects. 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. Can SHIBA INU Coin Price Reach $0.01, $0.10 or $1.00? Shiba Inu was launched in August 2020 without much fanfare. Its current circulating supply is about 550 trillion tokens. Read Also: Is Shiba Inu (SHIB) Worth Buying? To get Shiba Inu (SHIB) to $0.10, the entire market value of SHIB must be $54.9 trillion multiplied by $0.10. No, we don't even expect 1 cent price for Shiba Inu in 2025. Can Cardano reach $2 in 2023? So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. In fact, it is still very unlikely, but it is theoretically possible. 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 was a reach even in the bull market, and is extremely unlikely now. 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. They are, however, not convinced that the token can reach $100 or $10 in the next few years. But verily, it's foolish to think of Shiba Inu coin's worth $0.01, $0.10, $1 by 2025. This is impractical. 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. As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. In 2015, Dogecoin was also worth $0.00008690. Let's elaborate. As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. 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. We can expect 1 cent mark probably in year 2022. Manage Settings For example, it would not be so outlandish to say that a cryptocurrency with a market cap of $10 million could potentially 100x in price over a long enough time period. At the time of writing, the ERC-20 token is trading around $0.00002076. Per Market Realist, the current predictions suggest Shib coin will reach a value of $0.000019 per coin in 2022 and later hit $0.000061 per coin in 2025. Being an emotional investor taints our judgment and causes us to make poor financial judgments. . Shiba Inu's price history. The GDP of the entire planet earth is around $80 Trillion. Will Shiba Inu Reach 1 Cent? On the flip side, there are many who . window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. The Big Ripple Price Prediction for 2023 How high can the XRP price go in 2023? Adria Cimino has positions in Ethereum. Cryptos are Consolidating! Please invest wisely. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn ? Is it possible for the coin to reach one cent? Its why they are Trillion dollar company. expected after 2030. Shiba Inu Price Prediction: SHIB is Set To Explode? The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. Heres a table that shows the market cap of various popular stocks and metals in the world. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. With momentum playing such a key role for digital currencies, the fear of missing out (FOMO) would be important. But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? The. Yes, its Trillion. At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. For the last 7 days, Shiba Inu prices have been fluctuating and trading within the $0.000020 and $0.000022 range. However, this doesnt mean that its impossible for the SHIB price to grow. That would be a near 620% increase from where the Shib coin is . New Uptrend 2023? SHIB/USD eight-hour chart. SHIB. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. Other projects being worked on by the Shiba Inu team include the ShibaSwap decentralized exchange, the Shiboshis NFT collection and SHIB: The Metaverse. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. Unfortunately, those claims are not only misleading; its dangerous for us the retail investors. From our experience, we can confidently say, the long-term success of a cryptocurrency largely depends on technology and community. 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. 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. As an investor, we have to be impassioned. It could happen if enough SHIB token is burnt. That's when it soared a mind-boggling 45,000,000%. To make the world smarter, happier, and richer. 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? Efforts are underway to burn Shiba Inu tokens to reduce supply. No, Shiba Inu will probably never reach and sustain a $10 token valuation. The token was presented as an alternative to Dogecoin, and was sometimes referred to as the Dogecoin killer. It is evolving . Despite its low price per unit, Shiba Inu has surpassed 1.3 million unique addresses . Shiba Inu is one of the most popular cryptocurrencies out there. In January 2022, NFT trading volume totaled $17 billion. Kusama told the Shiba folks that the Shibarium would come very soon.. Or you can invest in Shiba Inu or stake your holdings to earn passive income. 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. The whole cryptocurrency market cap, including all coins and tokens, is less than $2 trillion. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. 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. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. 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). Shytoshi Kusama, the developer, tweeted on December 24 that Shibarium is nearly impossible to show up before the end of the year due to the holiday periods. Therefore, according to simple reasoning, the SHIB coin will never even reach a valuation of $0.10 or 10 cents. In order for SHIB to hit $0.001, the development, public test, and launch of Shibarium would have needed flawless execution. 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. We know Shiba completely community backed currency and more people keep holding their investment it keeping pushing price upward. And that doesn't weigh in Shiba Inu's favor. The total cryptocurrency market of all coins and tokens combined is under $2 trillion. 1 zero needs 10% of coins burned. Not even in our lifetime. 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.