The GDP of the entire planet earth is around $80 Trillion. This is especially true for Shiba Inu, which has only been around since the summer of 2020 and therefore doesnt have a long price history that would help us understand how SHIB tends to behave across crypto market cycles. When Shiba Inu Will Reach 1 Cent - Extrapolating Data But between Jan. 1, 2021 and Oct. 27, 2021, Shiba Inu did something that may never be repeated again by an investable asset. It is not anchored on unique blockchain technology - just hosted on, Price prediction websites, crypto experts, and even, website paints a rather grim future for the altcoin. And while the pressure on Bitcoin - which was the epicentre of the shock - has cooled down. Unfortunately, developers have stated that technical issues delayed the public beta test of Shibarium. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Shiba Inu's coin supply totals 549 trillion. In 2015, Dogecoin was also worth $0.00008690. For more context on why its so unlikely anything could boost SHIB to a penny, lets take the example of Bitcoin. Shiba Inu, a new Dogecoin-inspired cryptocurrency launched last August, has now formed ties with crypto.com, the world's largest cryptocurrency exchange. 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. Initially, the project will use the SHIB token to facilitate the purchase of Shiba Lands, which are made up of NFTs. Shiba Inu Price Prediction: SHIB/USD Weekly chart showing the price GoCharting. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. Meme coins, in particular, had to accept even greater losses. Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023? 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. Heres a table that shows the market cap of various popular stocks and metals in the world. One of the common searches and questions is if SHIB can reach 1 cent. The first decentralized cryptocurrency was. The rally in Shiba Inu is widely supported by the volumes which rose more than 250 per cent in the last 24 . Jack Ma, Elon Musk, Edward Snow, Chamath, cathie wood, Changpeng Zhao and jack dorsey tweeted when shib will explode to reach 1 cent or $1 in 2021. Shibarium Update ? Lets compare this market cap with other financial instruments and determine whether it makes sense or not. Shiba Inu Cryptocurrency Is a Dog That Just Won't Hunt Could Shiba Inu (SHIB) make you a millionaire? - finbold.com But it might reach 1 cent after some years of token burns and deflationary mechanics. This could be similar to the run of Dogecoin itself. FACT: Will Shiba Inu Coin reach $1 during the next Bullrun? How will Shiba Inu Perform in Q1 of 2023? This token completed own by community and team member with transparent vision by developer. They are cumulatively holding $601 million worth of SHIB tokens. Investors are still on a wait-and-see mode, and there is no telling when the crypto prices will start climbing again. Here Are the Chances for the SHIB Price to Increase, meme coins that could be the next to explode. Shiba Inu developers are about to launch Shibarium. The Motley Fool has positions in and recommends Ethereum. Are you lookingfor a chart analysis toolthat doesnt distract you with community messages and other noise? First, a little background on Shiba Inu's path so far. The news heightens Shib Inu's visibility and offers more purchasing access to prospective buyers. Shiba inu community need to start working on utility and bringing more product on the platform. Even the thought of getting here is simply unfathomable. Now coming back to topic, as our platform suggested different prediction for Shiba Coin, as being one of the small investors of Shiba most of you wanted to know what is next target for Shiba in coming months or year. Crypto asset investing is highly volatile and unregulated in some EU countries. 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.) Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. Of course, theres no guarantee that a coin will ever reach its previous all-time high again. Shiba Inu Coin could reac. Is Shiba Inu (SHIB) Expected to Reach $10 or More in the Next 5 Years? More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. Shiba Inu is of course not the only contender in the meme coin sector. 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. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. 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. (source). (. The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. Each offers distinct ways for stockholders to raise their investment return. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The reason is what we like to call the cheap coin fallacy. Here's why. Like many altcoins, Shiba . We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. 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. It could happen if enough SHIB token is burnt. Still, this cryptocurrency may be days away from its biggest moment ever. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? How possible is this Cardano . SHIB can be transformed into a utility token by minimizing its supply in distribution. According to Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. 1/2 ? The only way that shiba inu eats zeros is if the quantity of coins drops drastically. To make the world smarter, happier, and richer. This coin is also called the Dogecoin Killer. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. This could drive the SHIB price to 1$. Tax on profits may apply. The Shiba Inu team is working on key products like Shibarium, and SHIB is positioned well thanks to numerous crypto exchange listings. Will Shiba Inu (SHIB) Coin Reach 10 Cents? - ProVsCons Meme coins like Dogecoin and Shiba Inu Coin were particularly popular. A number of specific catalysts would be necessary for SHIB tokens to catapult to $0.001. Not even in our lifetime. These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. Today, it would have to rise a lot less - by about 2,000,000% to reach the $1 mark. The currency will be used to pay for items on doggi.shop, which sells all sorts of handmade products from traditional Japanese crafts such as gifts and stationary to modern designs like bags and jewelry made with Shib coins themselves. Even during SHIBs all-time high in October 2021, when the token was trading at $0.0000881, SHIB would have needed to increase in price by 113x to hit a price of $0.01. Because of the nature of these coins, this is the case. Get all Latest News about shiba inu voyager, Breaking headlines and Top stories, photos & video in real time So, it is possible for Shiba Inu also to reach 1 cent. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. SHIB is built on Ethereums ERC20 protocol. Invest better with The Motley Fool. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. Input your search keywords and press Enter. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Will Shiba Inu (SHIB) Make Me Rich? | Trading Education the 1-month volatility of the coin is at 5.26. With its unique 'dog-themed' design and meme-based marketing, it has attracted a loyal fan base and gained a lot of attention from investors. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. The Motley Fool has positions in and recommends Ethereum. serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn ? Shiba Inu Coin Price Prediction 2023 - 2030 - Business 2 Community You can use Shiba Inu to pay at certain merchants. However, the fact remains that some people are drawn to coins that have a low price per unit due to the cheap coin fallacy. At its absolute peak, BTC had a market capitalization of $1.27 trillion. Check outGoCharting! So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. Ensuring that transaction fees are negligible is critical to getting this NFT marketplace and blockchain-based gaming off the ground. No, Shiba Inu will probably never reach and sustain a $10 token valuation. [CDATA[ The reason is Shiba Inu belongs to a controversial niche with no real use-case. Despite its parabolic price jumps in the last few months, reaching $10 will be an uphill task. Crawl With The Crypto Top-Dogs Or Get Crawled Over: Dogecoin, Shiba Inu 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. By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. Making the world smarter, happier, and richer. On the flip side, there are many who . $1 means almost 1803651% up from price $0.00005544 USD. If youre making a Shiba Inu price prediction, the 1 cent price level is more or less out of the question. May 12, 2021 By Sam Sant Shiba Inu coin (SHIB) is easily the hottest new form of cryptocurrency. Though Ethereum founder Vitalik Buterin was able to burn over 410 trillion SHIB coins in 2021 -- Shiba Inu's founder gifted roughly half of SHIB's 1 quadrillion token supply to Buterin -- future burn events won't come anywhere close to this level. Shiba Price Prediction - Does This Meme Coins Struggle for Direction Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. Additionally, transaction fees can soar during these periods of congestion. This is a huge difference from its 2021 lows of $0.00000516 and market cap of under $1 billion. Today, most do not expect Shiba Inu prices to even come close to $1 by 2030. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. Learn More. 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. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu in the last seven days, and as meme coins, both tokens have had similar price performances. From there also . Shiba Inu's biggest catalyst yet may be days away. When will Shiba Inu coin reach $1? Can Shiba Inu coin reach $10 - Quora Is Shiba Inu A Good Investment For Long Term 2023 Moneymint At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. SHIB has gained about 25,000,000 percent over the past year, putting its average monthly growth at more than 2,000,000 percent. 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. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Since its launch in August 2020, Shiba Inu Coin (SHIB) has become one of the most talked about cryptocurrencies on the market. 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. This Meme Coin PUMPED 50% in the past 24 hoursWill it continue to Grow? Shibarium is being established as a layer-2 blockchain to improve the scalability of Shiba Inus host chain Ethereum. Shiba already beat top utility token that include Avalanche, Chainlink, Litecoin, Polygon and more. Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. SHIB, on the other hand, is a currency rather than a commodity. Here Are The Two Other Dog Token Alternatives. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. The price has recently dropped to $0.0000082. The Motley Fool has a disclosure policy. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. Shiba Inu coin, will it reach 1 cent? - Liddat Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. It was met with much skepticism after traders witnessed the massive rise and steep decline of Dogecoin who came before the Shiba Inu coin. On the Ethereum network, SHIB is a monetary token. Efforts are underway to burn Shiba Inu tokens to reduce supply. The will shiba inu coin reach 10 cents is a question that many are asking. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. Lets go over it in more detail. Cost basis and return based on previous market day close. The SHIB price is currently $0.000007949 at the time of writing. SHIB or DOGE: Is Shiba Inu better than Dogecoin in 2023? It's now the 13th biggest cryptocurrency by market value. 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. Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? So many factors stand in the face of the ERC-20 only token, blocking and preventing it from reaching a $10 valuation in the foreseeable future. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. Shiba Inu Prediction 2025 Can the Meme Coin Repeat Its BOOM? Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. The Federal Reserve estimates that there are around $8 trillion in coins in circulation across the globe. Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00005546. Could Shiba Inu Help You Become a Millionaire? Upcoming developments. Shiba token manages continue its bull run in every market situation, whether it is bullish, bearish and neutral sentiment. 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. There you have it, Shiba Inus goal is not to reach $10 or even $1. Therefore, according to simple reasoning, the SHIB coin will never even reach a valuation of $0.10 or 10 cents. We know top market exchange also interested to bringing shiba on their platform after seeing huge spike in community. Shiba Inu Coin ON THE MOVE! Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record, Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit, How to Buy Decred (DRC) in 2021 [Step-by-Step Buyers Guide]. Investors were looking for the next big crypto star. As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success. 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). 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. There are still some coins that are worth investing in. 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. Cost basis and return based on previous market day close. . The more it is used for transactions, the higher the burn rate. While Dogecoin has a. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. However, the SHIB burn could still contribute to making SHIB a good investment. So, despite SHIB being similar to other ERC20 token coins, the community is the differentiating factor. It is evolving . Looking at the 4-hour price chart, SHIB price is preparing to trade above the EMA-20 trend line as it witnesses a spike in trading volume. The price of SHIB soared from 0.00001 to 0.000014 US dollars. But first, let us look at its current price. 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. So, will Shiba Inu reach 1 cent? 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. Keep track of your holdings and explore over 10,000 cryptocurrencies. A Look at Price Movement So Far 2021 was an exciting year for Shiba Inu Coin.