Theoretically and statistically, its not possible to do so now. 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. But how sustainable is that growth? 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. The more it is used for transactions, the higher the burn rate. until the end of the year on average. With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Can Shiba Inu's Valuation Hit $10 Billion in 2023? Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. The current price of SHIB (November 2022). Some, like Ethereum, even burn their supply over time. 7 Best . All of these developments will improve the functionality of Shiba Inu and may increase its price. Most other cryptos have a fixed supply, which is the case with Bitcoin. And while SHIB might've been able to gain 1,993,575% in recent months, it still has a ways to go to catch Dogecoin - even if the anonymous creator intended it to be a "Dogecoin killer.". The current forecast suggests it will take 25 years to reach this level. So it is essential to research any cryptocurrency before you decide to invest in it. Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. In the two-month stretch between June 18, 2022 and Aug. 18, 2022, SHIB has more than doubled in value to nearly $0.000015. Here are a few popular exchanges where you can purchase Shib: Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin. Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? Development plans are critical to Shiba Inus growth. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. It may also reach 50 cents within the next 10 years. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. what did Binance and Shiba swap reveal about Shiba Inu? Let's find out. Learning how to invest $100 make $1000 a day is better. Does Shiba coin have a future? Unlike Bitcoin, which some companies offer as payment in place of a traditional salary, or Ethereum, which can be used to buy real estate on website like Propy, DOGE and SHIB lack any real-world utility. To hit that mark of $0.50, the crypto has to make a Sisyphean climb of 1,719,295% - a monthly growth of 28,655%. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. But why is it so? Click here to jump to comments. Copyright 2023 CryptoGlobally | Powered by CryptoGlobally, Sandeep Nailwal to help India during the COVID-19 pandemic, How to do Fundamental Analysis On Crypto Projects, How to Become a Crypto Millionaire [2023], What is Metis Crypto? Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. 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. Shiba Inu coin is not a Scam. The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either. The answer to Will Shiba Inu reach 50 cents? is no because it does not have an independent mining system. 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. The EMA-100 and EMA-200 are trading in bullish territory, hinting at a further upward momentum for Shiba Inu. 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]. Shiba Inu Market Capitalization. Can Shiba Inu Reach $1? The market cap of Bitcoin which is above $20,000 is around $450 billion. The answer to the question will Shiba Inu coin reach 50 cents or not is No. Yes, Shiba Inu can reach half a cent by 2047. Shiba Inu supporters even claim it is a Dogecoin killer. We also can see that we will get Shiba Inu at a cheaper rate than what is now. Looking at the above data and combining it with an active burn program, it is not unrealistic to expect Shiba Inu also to rise 646 times. 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. Will Shiba Inu reach 1 Cent by 2025? The Dogecoin price has increased in recent weeks, but it has lagged behind the percentage increases of other cryptocurrencies, particularly the Shiba Inu coin, which is another important meme coin. But this would require burning a significant amount of the token for the price to rise to 1 dollar. Shiba Inu isn't a blockchain. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. This is because the Shiba Inu coin started as a Dogecoin killer. Released in 2020, Shiba Inu coins first grew in popularity. As a result, Shiba Inu took off. Write by: . 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. Follow these beginner-friendly strategies for making huge profits and passive, Will Shiba Inu Coin Reach 50 Cents in 2023? Even hitting $0.01 might be tricky for the crypto. But it should set you on the right track for great returns over time. This is a Layer 2 solution that could solve some of Shiba Inu's problems. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. However, its total supply is 1 Quadrillion coins. This is because this cryptocurrency was introduced as a joke. Shiba Inu quickly gained popularity due to the widespread use of the Shiba Inu image. Numerous Development Plans some of which have already been rolled out. site: MoneyMorning.com, Investors were looking for the next big crypto star. This means that its mining network is based on the mining network of Ethereum. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. The result was a jump of 2,436% in just a few days. That means people have to put in way much more money, collectively, just to raise the price. All of this means Shiba Inu doesn't stand out from the competition. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. 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. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. Now you might wonder what sets Shiba Inu apart from the thousands of cryptocurrencies out there? 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 (SHIB -0.54%) may have helped create some millionaires in the past. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. About Us; Staff; Camps; Scuba. Shiba Inu developers are about to launch Shibarium. It could even take years of sustained positive performance for that to happen. This was a reach even in the bull market, and is extremely unlikely now. The world doesnt even have enough money to push the price of SHIB to $1. When he is not writing, he is looking to meet new people. The reason is Shiba Inu belongs to a controversial niche with no real use-case. The cryptocurrency market climbed past $3 trillion in 2021 as investors piled into this exciting newish market. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Back in May 2021, the crypto-trading juggernaut Binance listed SHIB and Elon Musk tweeted about DOGE. Source- Tradingview. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. 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. Dubbed the Dogecoin-killer, Shiba Inu may be an excellent investment option if considered for a long-term investment plan as it has fetched over 1000% return since October 2021. The popular meme token soared about 45,000,000% back in 2021. These investors, often newcomers, may not understand the risks and may lose money in the short or long term. At the time of writing, Shiba Inu's SHIB coin is trading at $0.00003982. For $1, you could buy more than 135,000 Shiba Inu tokens. Not long after, SHIB started a steady climb upward. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. In fact, it isn't even likely to reach that milestone over the next five years. According to CoinMarketCap, Shiba Inu is currently trading at $0.00001289 with an uptrend of 2.05% from yesterdays price. The popular meme token soared about 45,000,000% back in 2021. Adria Cimino has positions in Ethereum. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. Making the world smarter, happier, and richer. That's when it soared a mind-boggling 45,000,000%. But its always advised to practice caution while you are doing so. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. Then the price of 1 coin will reach 1 cent. Invest better with The Motley Fool. This series of lower highs within the triangle pattern indicates a gradual weakening of bullish momentum. It's the "Coinbase Effect" in action. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? 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. How Much Is 1972 Dollar Coin Value? Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. But why is it so? Given that it is an ERC-20 token, i.e., it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. Your email address will not be published. To reach the 50 Cents mark, Shiba Inu needs to buckle up and go on a herculean task by rising 1,719,295% from today's price, which is a steady monthly growth of 28,655% up until December. *Average returns of all recommendations since inception. Is the Shiba Inu coin a Pump Dump scheme? 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. | Crypto Trading Guide For 2023. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. An anonymous person or group created these coins with the name of Ryoshi. To hit that mark, SHIB would have to make a climb of 34,288%. Making the world smarter, happier, and richer. Find out whether the Shiba Inu coin will reach 50 cents or 1 cent with our expert analysis. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. And that's not just because of fading interest. DCG crypto group announces $1.1 billion loss in 2022, Goldman Sachs analysts forecast a 24% rise in Chinese stocks as the country consolidates in its growth phase. From that past September to early October, the cryptocurrency gained 320% and pushed its way into the top 20 best-performing cryptos. Biconomy Price Prediction 2023-2030: Can Biconomy reach 1000 Dollars? Shiba Inu's coin supply totals 549 trillion. You have no idea how the influencers promote the Ponzi tokens in reality. Shiba Inus biggest catalyst yet may be days away. At the time, a $100 investment netted a huge . As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. While there are a few cases of Tokens rising 32279 times, in reality, such rises are rare, Now, there is no category that would gain at 30% per annum for 40 years in a row. 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. Answer (1 of 3): Meme coin Shiba Inu first hit select cryptocurrency exchanges for trading on Aug. 1, 2020, with a first-day print of $0.00000000051 per token. 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