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Instead, you should be considering the coin or tokens market capitalization, as thats what will actually allow you to get an idea of how it compares to other crypto assets in terms of size. It is not only the first but also the most popular cryptocurrency in the world. If SHIB were to reach $0.01, it would have a market capitalization of approximately $5.89 trillion, which would be 4.6x larger than Bitcoin at its very peak. serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn ? Can SHIB double again? The crypto market always moves step by step with a full of context. Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. Shiba Inu has a total supply of 1 quadrillion tokens. Coin burn involves sending tokens to a dead blockchain address where they can no longer be accessed. Independent miners worldwide run thousands of mining computers (rigs) to keep the network alive and running. Shiba token manages continue its bull run in every market situation, whether it is bullish, bearish and neutral sentiment. It would be worth more than the entire cryptocurrency market today. The FTX crash harmed the Shiba Inu coin at the beginning of November, and the Shiba Inu prediction became shaky. In other words, it removes coins from the circulating supply and, in theory, makes each remaining token that much more valuable. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? The cryptocurrency Shiba Inu has wowed investors with its path up the charts. However, SHIB was not spared during the cryptocurrency bear market of 2022. Cost basis and return based on previous market day close. Can Cardano reach $2 in 2023? If more tokens are burnt, it will increase demand as supply dwindles. Lets compare this market cap with other financial instruments and determine whether it makes sense or not. 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. Thousands of mining machines (rigs) are used by independent miners across the globe to keep the network functioning. This is a big win for Shiba Inu and its investors. Cryptos are Consolidating! $1 means almost 1803651% up from price $0.00005544 USD. Will Shiba Inu Reach $1 USD? SHIB jumped 35% in the past 24 hours! The Federal Reserve estimates that there are around $8 trillion in coins in circulation across the globe. How possible is this Cardano . The only way that shiba inu eats zeros is if the quantity of coins drops drastically. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. From our experience, we can confidently say, the long-term success of a cryptocurrency largely depends on technology and community. The most notable of these products is Shibarium, a layer 2 scaling platform for Ethereum. Nevertheless, rumors have been swirling on social media that this public test is coming relatively soon. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Shiba Inu Price Prediction: SHIB is Set To Explode? 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. 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. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. 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). Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. 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. Because Shiba Inu is constructed on Ethereum, these considerations have slowed significantly the SHIB networks development. A single SHIB coin is . Regrettably, such statements are not just deceptive; they are also harmful to us, the retail investors. We can expect 1 cent mark probably in year 2022. This is impractical. But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? 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. And why do they not believe it can hit $10 in the next 5 years? This token completed own by community and team member with transparent vision by developer. //]]>. Buterin also sent 40% of Shiba Inu's total supply to a "dead wallet", which is also referred to as burning, according to Shiba Inu's website. Platform has 3 active product that include Shibaswap, leash and Bone token. Over the past nine months, only 56 new merchants have come to accept Shiba Inu as payment on Cryptwerk. Bitcoin, Dogecoin is a standalone cryptocurrency. The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. As a result, Shiba Inu took off. SHIB: The Metaverse and a blockchain edition of the Shiba Eternity game are two such examples of such initiatives. And even Shiba Inu token developers know it. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. SHIB is based on Ethereum ERC20. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. 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. Its meteoric rise has made many speculate whether it could even rise higher. Shiba Inu is of course not the only contender in the meme coin sector. 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. The current price of Shiba Inu is $0.000012, and the 24-hour trading volume is $171 billion. The record price represents a near doubling of the value of the Shiba. The crypto community often predicts prices of Shiba Inu coins falling to a cent of dollar only! But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. 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. 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. While it seems. Shiba Inu's price history. 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. Will Shiba Inu coin reach $1? SHIB, which exists as an ERC-20 token on the Ethereum blockchain, has more than 1.2 million holders. These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. There are still some coins that are worth investing in. It makes up 11.94% of their total holdings. It could even take years of sustained positive performance for that to happen. But will the gains last and help lift Shiba Inu to $0.01? In this context, the factors of project niche, marketcap, revolution, and innovations are significant. 1 zero needs 10% of coins burned. The Next Shib? Much of the SHIBs popularity comes from its meme coin status, as its often promoted by its holders on various social media platforms through memes and viral campaigns. Still, this cryptocurrency may be days away from its biggest moment ever. Is it expected to reach $10 or more in the next five years? To get Shiba Inu (SHIB) to $0.10, the entire market value of SHIB must be $54.9 trillion multiplied by $0.10. For Shiba Inu, the one clear-cut catalyst that provides make-or-break potential in 2023 is Shibarium. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. The reason is Shiba Inu belongs to a controversial niche with no real use-case. Dogecoin is a cryptocurrency that exists independently of Bitcoin. Unfortunately, those claims are not only misleading; its dangerous for us the retail investors. So, despite SHIB being similar to other ERC20 token coins, the community is the differentiating factor. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. 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. Currently trading at $0.000020, the, For starters, it has no real value. Long-term, a currency has no intrinsic worth. 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. SHIB, on the other hand, is a currency rather than a commodity. In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). On the Ethereum network, its another ERC20 token. 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. When will Shiba Inua Coin reach a penny? Investors were looking for the next big crypto star. Making the world smarter, happier, and richer. The Motley Fool has positions in and recommends Ethereum. Being an emotional investor will cloud our judgment and will lead us to make terrible money decisions. 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. 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. Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. 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. Shiba Inu was launched in August 2020 without much fanfare. 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. Shiba Inu is one of the most popular cryptocurrencies out there. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. However, this doesnt mean that its impossible for the SHIB price to grow. Because of the nature of these coins, this is the case. Shibarium is being established as a layer-2 blockchain to improve the scalability of Shiba Inus host chain Ethereum. The Motley Fool has a disclosure policy. Shibarium will also use five utility tokens to meet its objectives SHIB, BONE, LEASH, TREAT, and SHI. A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. 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. How will Shiba Inu Perform in Q1 of 2023? Shiba Inu is an ERC-20 token that's built on the Ethereum (ETH -0.43%) blockchain. When Will Shiba Token reach $10 USD? Can Shiba Inu reach 1 cent? however, Robinhood faces backlash for memecoin listing and even other exchange also facing similar kind of situation. Dogecoins current supply is 132 billion coins, with about 5 billion new coins being added per year. Even the thought of getting here is simply unfathomable. They are cumulatively holding $601 million worth of SHIB tokens. The team behind SHIB has already tried to create more utility for the token with other related projects, such as Shiboshis (Shiba Inu NFTs) and ShibaSwap DEX. Kusama told the Shiba folks that the Shibarium would come very soon.. SHIB can be transformed into a utility token by minimizing its supply in distribution. Let's find out. Following the massive drop, the price has gradually returned to normal. SHIBA INU recorded 15 green days in the last 30 days. However, the SHIB burn could still contribute to making SHIB a good investment. As a result, the price per token is extremely lowat the time of writing, 1 SHIB is only worth $0.00001110. Key among them is its incredibly high maximum token supply, its clear lack of intrinsic value (real or perceived), and an apparent lack of clear goal - it currently focuses on beating Dogecoin and not creating value or growing Shiba into a technologically advanced ecosystem. 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.". In this article, well be tackling the question of whether its possible for SHIB to hit a penny. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. In fact, it offers a lot less in some cases. Moreover, it has extended to include tokens such as LEASH, BONE, TREAT, and SHI, which serve numerous purposes in the environment. In today's episode, I discuss when Shiba Inu Coin will reach a penny! An example of data being processed may be a unique identifier stored in a cookie. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. 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. Before the last 2021 crypto market rally went up in smokes in December, particularly at the height of the Shiba Inu rally, some highly optimistic crypto price forecasters had indicated that it might reach $1 by the turn of the decade. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. Each offers distinct ways for stockholders to raise their investment return. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. This News Confirms. The rally has led its market-cap to hit the $15.5 billion mark, putting it back in the top 15 cryptos in terms of market-cap. pic.twitter.com/zQRoOuL9oW. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. The price has recently dropped to $0.0000082. On October 28, 2021,. While $0.001 might be a target SHIB holders like to dream about, it's far likelier Shiba Inu gets sent to the doghouse in 2023. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. In reality, you shouldnt be looking at a coin or tokens price per unit when trying to see if it is undervalued or overvalued. You might actually LOVE this Answer! Is SHIBA INU even Alive? To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. With momentum playing such a key role for digital currencies, the fear of missing out (FOMO) would be important. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. I don't think so. Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. In September, 1.5 million people searched for "Shiba Inu coin," believe it or not. Other projects being worked on by the Shiba Inu team include the ShibaSwap decentralized exchange, the Shiboshis NFT collection and SHIB: The Metaverse. The first lower target will be sliding below the support price of $0.35. Shiba Inu prepares for higher targetsWhere will SHIB go next? It's certainly not impossible; but it'll need a lot of help to get there. Invest better with The Motley Fool. Keep track of your holdings and explore over 10,000 cryptocurrencies. Not even in our lifetime. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. So it is essential to research any cryptocurrency before you decide to invest in it. From there, ADA should rebound higher as what happened previously. 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. The price of SHIB soared from 0.00001 to 0.000014 US dollars. 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. Cost basis and return based on previous market day close. 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. Shiba inu market volume continue to grow following successful audit and other trading safety protocol. CryptoTicker announces its first NFT Collection How to participate? Overall, the Shiba Inu price was lower after the crash than it had been earlier. Shibarium will also incorporate a burning mechanism in which SHIB tokens will be burned with each transaction. The only significant difference was the creator built Shiba Inu on the Ethereum network. Coin Price Forecast predicts Shib will trade at $0.00004266 at the end of 2022. As noted, Shiba Inu is an ERC-20 token on Ethereum's blockchain. Could Shiba Inu Help You Become a Millionaire? This is a . (. Yes. Many publications, YouTube videos, and forum postings say that Shiba Inu (SHIB) cryptocurrency can or will reach a value of $0.10. 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? The Numbers are IN! 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. But verily, it's foolish to think of Shiba Inu coin's worth $0.01, $0.10, $1 by 2025. It is not anchored on unique blockchain technology - just hosted on Ethereum, it has not achieved a medium of exchange status, and it has no real value. 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. Its why they are Trillion dollar company. In this article, we look at 3 cryptos to buy , Is it still worthwhile to invest in Solana after the FTX scandal and the recent crashes? Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. Will Shiba Inu prices rise again? Learn More. 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. However, credit must be given where credit is due. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. The first thing to understand about digital currencies is that there aren't many tangible catalysts for investors to wrap their hands around. On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. Like most other cryptocurrencies, Shiba Inu was greatly affected by the crypto market shock in December last year, which saw Shiba Inu fall off a month-long price rally prematurely and plunge to the current level of relatively low prices. That is the reason why, unlike Dogecoin that has a clear mission of reaching $1, these developers only aim is to beat Dogecoins market cap. Nicknamed the "Dogecoin killer," many. The purpose of Shibarium is to drastically reduce transaction fees. But will it be hard for Shiba Inu to reach $10? 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. Shiba token burn and liquidity locking program pushing price to the moon and that favouring project in term of bringing new investor and diamond hand holder. According to Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. The will shiba inu reach $1 cent in 2022 is a question that many are asking. On Wednesday, the price of Shiba Inu coinwhich trades as SHIBsurged 33% to reach an all-time high of $0.00005478. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. 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. If the cryptocurrency market enters another bull run, SHIB could very well be one of the meme coins to explode. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. So, should you buy Shiba Inu while it's trading well below $0.01? 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. Most meme coins have a very large circulating supply, which results in a low price per unit. The. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. Before 2021, its trading volume was extremely low, less than $1,000 on most days. Its why Bitcoin is the largest cryptocurrency. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. While Dogecoin has a high chance of reaching $1 in the future, we can't say the same for Shiba Inu, at least not in its current state. Saudi Aramco is in second place with a market cap of $1.88 trillion and Microsoft comes third with a $1.75 trillion market cap. You can use Shiba Inu to pay at certain merchants. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. However, the Shiba Inu coin was also negatively impacted by the FTX crash in the days that followed. 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. When the clock struck midnight on Jan. 1, 2021, investors had the opportunity to scoop up SHIB coins for just $0.000000000073. Therefore, the SHIB coin is not something new. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. Some do not even believe that Shiba Inu has what it takes to reach $1 by 2026. [CDATA[ The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. At its all-time high, SHIB had a market capitalization of $43 billion. They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. The Motley Fool has positions in and recommends Ethereum. The coin reached a high of $0.00003018 back in April. 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. However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success. At its absolute peak, BTC had a market capitalization of $1.27 trillion. Shiba Inu coin has landed on the tally of the top 10 tokens purchased by the biggest whales in the last 24 hours. Shiba Inu (SHIB) will never reach $0.10 or ten cents. 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. Since its launch in August 2020, Shiba Inu Coin (SHIB) has become one of the most talked about cryptocurrencies on the market. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. 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.