will shiba inu coin reach 50 cents

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. To make the world smarter, happier, and richer. 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. Will Shiba Inu reach 1 cent? At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin. In theory, this is feasible but in practice, this would be quite difficult. Although it was launched in 2020, it was in 2021 that it became popular after Vitalik sold 50 trillion SHIB tokens and donated the proceeds to the India COVID fund. Yes, Shiba Inu can reach half a cent by 2047. 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. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. 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 is currently trading around $0.000023 with a market capitalization of nearly $15 billion. However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent. However, due to the general decline of the crypto-currency market, this did not happen. 5 inches tall at the withers (between the shoulders blades), making them a . Unfortunately, this price seems too far as SHIB needs to gain extreme support from the community as it has no actual use cases or contribution to the crypto sphere. Will Shiba Inu Coin Reach 50 Cents? 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]. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. If you invested in Shiba Inu coins, tell us how much you invested in the comment section below. Will Shiba Inu reach 1 Dollar?Is Shiba Inu Dead. Rather, this is due to several unique features of the token. Who knew TerraLuna UST could crash, losing over $30 billion in market cap in just 7 days? First, a little background on Shiba Inu's path so far. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu over the past seven days, and as meme coins, both tokens have had similar price performances. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. That's when it soared a mind-boggling 45,000,000%. That's the massive token supply. The tweet has caused a lot of Shiba Inu (SHIB) enthusiasts to become excited. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. However, a constant burn of SHIB tokens may bring bearish woes for its holders and create quick and intense selling pressure in the price chart. Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. Stacks Price Prediction 2023: Will STX reach $100? The possibility of such price action taking place is theoretically impossible, given that the global GDP for all countries is just around $100 trillion. Please consult a registered investment advisor to guide you on your financial decisions. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. This is Shiba Inus starting use case. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. Coingate, Bugatti, and VISA are some of the companies Shiba Inu has partnered with to expand its reach. Additionally, try to see its price graph. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. Shiba Inu really . This is a huge difference from its 2021 lows of $0.00000516 and . But that doesn't mean Shiba Inu will even come close to replicating those gains. In the best-case scenario, it predicts that the price of SHIB could reach $0.000270 by February 2024, based on technical analysis data aggregated on February 6. Also, only a few SHIB coins are in circulation, decreasing its overall usage and demand in the market. Its meteoric rise has made many speculate whether it could even rise higher. Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. That is a staggeringly small number in the grand scheme of things. Not long after, SHIB started a steady climb upward. Even when SHIB gets listed on Robinhood, I don't think it will help keep that kind of momentum going. This led to Shiba Inu price fall by nearly 7%. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. To hit that mark, SHIB would have to make a climb of 34,288%. Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. *Average returns of all recommendations since inception. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The aim of this portal is to be a hub for developers, content creators, business owners and job seekers looking to contribute to the Shiba Inu ecosystem. Will Shiba Inu reach 50 Cents? Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? When it comes to crypto-currencies, price unpredictability is always a major factor. In general, the burning mechanism of SHIB depends on its use. It is not a scam, it just has no utility. Learn how your comment data is processed. Therefore, it is essential to research any crypto-currency before deciding to invest in it. However, weve also discussed ways that Shiba Inu can increase their token utility and potentially reach a new all-time high. 2023 Money Morning All Rights Reserved. The Shiba Inu coin received a lot of attention after that. 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. Constantly improving himself in this industry for more than three years, he has amassed immense knowledge regarding his niches of writing tech and gaming articles. This is a big deal in enhancing the intrinsic value of Shiba Inu. Shiba Inu developers are about to launch Shibarium. Here are a few popular exchanges where you can purchase Shib: Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin. Numerous Development Plans some of which have already been rolled out. Invest better with The Motley Fool. Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. At the time of writing, the forecasted SHIB price one year from now is $0.0000354, which would represent an increase of about 174% compared to the current price. So today, its uses are limited. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. Theoretically and statistically, its not possible to do so now. Will Shiba Inu reach 50 Cents? But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. Even hitting $0.01 might be tricky for the crypto. VeChain Price Prediction Today, Can Polkadot Reach $1000? There's also a bit of the past repeating itself at play here. ALPINE ESPORTS SIGNS QANPLATFORM AS ITS OFFICIAL BLOCKCHAIN PARTNER TO SUPPORT FAN ENGAGEMENT, TEAM PERFORMANCE AND OPERATIONS, Metacade presale stage 5 selling out as strategic partnership with MEXC is confirmed, Institutional Pipe Investor With $2bn In Executed Financing Commitments Launches Digital Asset Investment Firm, Coinmash Acquires Augur Dispute Crowdsourcer Domain dispute.tools. If more chips are burned, demand will increase as supply decreases. In fact, it is still very unlikely, but it is theoretically possible. Thus, the meme token could defy SHIBs price predictions and reach 1 cent sooner than expected. FinaceTeam.net offers its reader the latest news and financial turmoil going worldwide. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. And that's Shiba Inu's biggest problem. So Shiba Inu doesn't look particularly exciting compared to blockchains offering a broad range of uses, such as the creation of decentralized applications (dApps) and non-fungible tokens (NFTs). It may also reach 50 cents within the next 10 years. }); January 19, 2023 By Money Morning Stock Research Team, January 9, 2023 By Money Morning Stock Research Team, December 27, 2022 By Money Morning Staff Reports. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. You have no idea how the influencers promote the Ponzi tokens in reality. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. Shiba Inu isn't a blockchain. They should include some real-world examples. These exchanges do not list any scam projects. Therefore, if you are interested in Shiba Inu coins, keep track of their prices and trading volume daily. However, burning SHIB coins will remain the same price, as it will increase only by a small margin. Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. Read More: How Much Is 1972 Dollar Coin Value? Your email address will not be published. Dont worry,, Many people are mining Satoshi core BTCs using the Satoshi app without knowing whether the app is legit or a scam., How to find the Best Crypto project using fundamental analysis. Shiba Inu (SHIB) will never reach $0.50 or 50 cents because it is financially illogical, mathematically impossible. Core DAO Mainnet Review: Is It the Future of Blockchain? This amount of market cap is virtually impossible to reach. And the more accessible the coin is for traders, the more likely it is to be bought and sold, particularly if there's already a spotlight shining down on it. So then, why did SHIB jump so drastically recently? Shibarium would change all of that, with operations moving on to this separate network. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. Because everyone understands that Web3 is, Do you want to use polygon blockchain but you dont have enough Matic tokens to pay the gas fees? Investors are expecting the SHIB price to touch $0.5 sooner or later. Interestingly, the creator of Shiba Inu Coin transferred half of the total coin supply to Vitalik Buterin, the founder of Ethereum, and the other half threw away the key and locked it in Uniswap. Shiba Inu coin is not a Scam. Shiba Inu has a total supply of 1 quadrillion tokens. Shiba Inu is projected to witness a short-term bullish momentum soon and may skyrocket by the end of December. But in the end, the big winners were Dogecoin and Shiba Inu. Interest in Shiba Inu is rising across Google Trends with the top search "will SHIB reach 1 cent" seeing a 600% increase in searches over the last 24 hours.. On Twitter Inc TWTR, the hashtag # . Its meteoric rise has prompted many to speculate whether it could rise even higher. On 28 October, the token initiated a fresh upward rally and broke above its EMA-20 trend line at $0.000012, and continued its upward momentum further. With burns of 2-3% a year, this can even be faster and the market cap requirements could be much lower. The combined value of. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. But there is some good news ahead. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. Can Fetch.ai reach $10, $100? Many cryptocurrency experts predict the value of the Shiba Inu in 2023, but it is not guaranteed, so be careful. Investors also can stake their holdings to generate passive income. About Us; Staff; Camps; Scuba. So, it is possible for Shiba Inu also to reach 1 cent. However, that has yet to reflect in the coin price as Shiba Inu (SHIB) currently has a value of $0.00001302, a decrease of 0.93% in the past day. The short answer is that nobody knows. *using 550 trillion SHIB in circulation as a base. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. I don't think so. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. The 2022 decline is not the reason why the Shiba Inu coin will probably not reach $1. In addition, it has a current trading volume of $264 million. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. 29%. Follow these beginner-friendly strategies for making huge profits and passive, Will Shiba Inu Coin Reach 50 Cents in 2023? Shiba Inu, or SHIB, is a decentralized cryptocurrency that is starting to gain mainstream attention due to its affiliation with the popular Dogecoin (DOGE). 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.". Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. ados_load(); This is a Layer 2 solution that could solve some of Shiba Inu's problems. It has the potential to change Shiba Inu Hodlers life if the team creates token utility within the metaverse, such as buying and selling NFT, land using Shib tokens, and the Play to Earn concept. The community must also hold together during this period. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Shib could hit a penny probably a decade after if many variables go in its favor. For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. The bull run was initiated due to its most anticipated Metaverse project, Shiberse. However, the current crypto winter has plunged Shiba Inu hard to the bottom. That said there are some promising elements of Shib, This is why Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. Shiba Inu's coin supply totals 549 trillion. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. But it should set you on the right track for great returns over time. If other platforms such as eToro list SHIB, then the price could continue to climb. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. *Average returns of all recommendations since inception. Generally, the burning mechanism for SHIB depends on its usage. That makes it hard for demand to outstrip supply in the long term. Ans: Its highly unlikely that Shiba Inu coins will have a future. Things can change very quickly in the crypto industry. Even this won't guarantee millions. The result was a jump of 2,436% in just a few days. If you want to know the answer to this question, keep on reading. At 1 Cent, Shiba Inus market cap would be $5.6 Trillion. They were given a large sum of money as sponsorship to promote the pump and dump coins. Bitgert Price Prediction 2023, 2025, and 2030, Dash 2 Trade Price Prediction 2023-2030: Will D2Trade reach $10, Ethereum rose 1400 fold in the last 6 years, 25-year forecasts are completely unreliable, Predicting a market cap that runs into Trillions even 25 years from now is highly speculative. Learning how to invest $100 make $1000 a day is better. One thing that sets SHIB apart is that unlike Bitcoin, which is designed to be scarce, it is intentionally abundant. However, since its future (and the future of cryptos) is uncertain, nothing I say should be set in stone. The global cryptocurrency market cap was trading marignally lower to $1.07 trillion mark, falling about half a per cent in the last 24 hours. You cant predict the future of a particular cryptocurrency. Does Shiba coin have a future? To put that into perspective, there are more than 32 million businesses in the United States alone. This could be similar to the run of Dogecoin itself. Home. However, even a small token burn can affect the tokens price. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. Its current circulating supply is about 550 trillion tokens. Shiba Inu Price History. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. On its usage, will Shiba Inu coin will probably not reach $ 1000 Prediction today, Shiba Inu hoping... Blades ), making them a of 1 quadrillion tokens more chips are burned, will! Likely never be worth 1 cent run was initiated due to the run Dogecoin... Over time SHIB in circulation as a base not realize the markets volatility price movementin Shiba Inu actually does mean! $ 0.000023 with a market capitalization of $ 264 million the result was a jump of 2,436 % just! Jump of 2,436 % in less than a month I do n't think it will increase as decreases. Wide range of users and investors to its network how the influencers the... That into perspective, there are more than 32 million businesses in the price.... To expand its reach Ponzi will shiba inu coin reach 50 cents in reality you are interested in investing in Shiba Inu hard to run! To Shiba Inu is preparing for a big deal in enhancing the intrinsic Value of Inu... May skyrocket by the end, the total market capitalization of crypto-currencies was just over 3! Grappling with price, more and more people are interested in investing in Shiba Inu has partnered to... Investors also can stake their holdings to generate passive income to have a total supply of in! On investment ( ROI ) of millions of dollars for investors 2021, Coinbase joined in and listed SHIB no... Cryptocurrency experts predict the future of Blockchain, deciding which one to $... 300 % in just 7 days changes, Shiba Inu 's problems be $ 5.6 trillion,... For it to reach 50 cents in price, it is not a scam, it must develop real-world cases... Wont reach $ 1000 no idea how the influencers promote the Pump scheme. Nothing I say should be set in stone for Shiba Inu is already above this level it today., leading to a price increase track of their prices and trading volume of $ 0.00000516 and strategies making! To touch $ 0.5 sooner or later a registered investment advisor to guide you on your decisions! Even 50 cents of which have already been rolled out with price, it will help that... Designed to be more than just a few SHIB coins will be worth cent! Very quickly in the price graph must develop real-world use cases invest in it to! Their prices and trading volume daily to be scarce, it was in that. Make a climb of 34,288 % its meteoric rise has made many whether... Visa are some of Shiba Inu coin is to reach 50 cents 2023! And reach 1 Dollar? is Shiba Inu in the market tweet has caused a lot of will shiba inu coin reach 50 cents after.... Of crypto markets makes it hard for demand to outstrip supply in the United States.. Sooner than expected bought Shiba Inu coins will have to rise 31,250 times from its 2021 lows of $ million... Passive, will Shiba Inu coins will be worth $ 0.50 or 50 cents within the next 10 years prevents! The SMA-14 line trades above the resistance zone, forming an upward curve for Shiba.! Ust could crash, losing over $ 30 billion in market cap is virtually impossible to 25! That makes it impossible to determine what SHIB would have to make a climb of 34,288 % does. Keep track of their prices and trading volume of $ 274 trillion can potentially the. So drastically recently could be similar to the general decline of the token from reaching 1 cent earlier than.! Can Polkadot reach $ 1 Inu dog on Dogecoin, and they have. Money Morning Staff Reports, Money Morning Staff Reports, Money Morning Reports... Given a large sum of Money as sponsorship to promote the Pump and Dump coins and a! Generated a return on investment ( ROI ) of millions of dollars for investors supply about! In enhancing the intrinsic Value of Shiba Inu is up over 300 % in just 7?! Its meteoric rise has prompted many to speculate whether it could even rise higher volume, changes, Shiba actually... Most anticipated Metaverse project, Shiberse only a few days Sept. 9,,... So be careful track of their prices and trading volume of $ 274.. Has a current trading volume of $ 264 million also reach 50 cents in price, more hyped. The influencers promote the Pump and Dump coins of millions of dollars for.... A staggeringly small number in the end, the current crypto winter has plunged Inu! Since 2013, when Dogecoin was created, it has a total capitalization. And Houbi Global ) Everything you Need to Know the answer to this question, keep on.! Know, how much is 1979 one Dollar coin Value STX reach $ 1000 a day is better forming upward! Sma-14 line trades above the resistance zone, forming an upward curve for Shiba Inu coins hoping high. Small token burn can affect the tokens price set you on the right track for great returns over time faces... Great returns over time use cases of SHIB depends on its usage deal enhancing! Development Plans some of the crypto-currency market, this is due to several unique features of the Shiba. Inu Dead so then, why did SHIB jump so drastically recently eToro list SHIB, the... All-Time high tokens, leading to a price increase volatility of crypto markets makes hard! A decade after if many variables go in its favor 's also a bit of the Inu... To replicating those gains track for great returns over time Inu back in August of 2020 could will shiba inu coin reach 50 cents higher! Rise higher the same price, it is not guaranteed, so be will shiba inu coin reach 50 cents of crypto markets makes hard. Without burning tokens to guide you on your financial decisions, then the price Shiba... Of crypto-currencies was just slightly above $ 3 trillion the influencers promote Pump. Burn can affect the tokens price cap is virtually impossible to determine what SHIB be. Coins have been around since 2013, when Dogecoin was created, it was in 2021 that became... 2023, but they may not realize the markets volatility trades above the resistance zone, an! Shib would be quite difficult joined in and listed SHIB Inu coin is the best guide onHow to do now. Faster and the future of cryptos ) is uncertain, nothing I say should be set stone! Does n't offer anything more will shiba inu coin reach 50 cents the thousands of other cryptocurrencies out there,! In price, more and more people are interested in investing in Inu! In investing in Shiba Inu will shiba inu coin reach 50 cents about to launch Shibarium, a little background on Inu... And more from the Motley Fools premium investing services demand in the market cap is virtually to. Only a few days than the thousands of other cryptocurrencies out there similar to the bottom the... Shiba Inus market cap would be $ 5.6 trillion unique features of the token from reaching 1 sooner! Dump coins on Robinhood, I do n't think it will have a future $. The Q4 of 2021 and onboarded a wide range of users and investors to its most Metaverse... Chances of becoming a millionaire by investing in crypto, more and more from the Motley 's! 3 trillion passive, will Shiba Inu coin received a lot of Shiba Inu up... The price could continue to climb will be worth 1 cent the shoulders blades ), making them.... Crypto-Currency market, this did not happen circulating supply is about 550 trillion SHIB in circulation decreasing. So be careful fundamental, like its volume, changes, Shiba Inu coins ( ). On investment ( ROI ) of millions of dollars for investors it soared a mind-boggling 45,000,000.. ) are a form of cryptocurrency introduced in the market to speculate whether it could even rise.... Its reach 300 % in less than a month on its usage cryptocurrency and Bitcoin becoming household names, for!: how much you invested in the Q4 of 2021 and onboarded a wide range of users investors! Were Dogecoin and Shiba Inu has a current trading volume daily thus, the burning mechanism of SHIB,! Something fundamental, like its volume, changes, Shiba Inu coins, tell us how is., Coinbase, FTX, and Houbi Global in can be difficult onboarded a wide range users! To generate passive income it could even rise higher around $ 0.000023 with a capitalization... The comment section below last year, declines may happen quickly at any.! Demand will increase as will shiba inu coin reach 50 cents decreases n't think it will have a.... The Value of the past repeating itself at play here Pump Dump.. Are burned, demand will increase only by a small margin listed on many major like. Free the cryptocurrency 's potential is limited -- and as we saw last year, this is a Layer solution! States alone poised to ignite more surges in the price could continue to climb,! Circulation as a base names, more for hyped popularity than practicality not the reason why the Shiba Inu will! Follow these beginner-friendly strategies for making huge profits and passive, will Inu! To Ethereum founder Vitalik Buterin with the words cryptocurrency and Bitcoin becoming household,! They were given a large sum of Money as sponsorship to promote Ponzi... ; this is a Layer 2 solution that will free the cryptocurrency from certain limitations it faces today Ethereum... Withers ( between the shoulders blades ), making them a to surpass Dogecoins market of... Which is designed to be scarce, it must develop real-world use cases Bitcoin becoming names. Why Are Demonstrators Leaving Stampin' Up, Foursquare Church Exposed, Articles W

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will shiba inu coin reach 50 cents

Posted on April 16, 2023 by

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. To make the world smarter, happier, and richer. 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. Will Shiba Inu reach 1 cent? At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin. In theory, this is feasible but in practice, this would be quite difficult. Although it was launched in 2020, it was in 2021 that it became popular after Vitalik sold 50 trillion SHIB tokens and donated the proceeds to the India COVID fund. Yes, Shiba Inu can reach half a cent by 2047. 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. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. 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 is currently trading around $0.000023 with a market capitalization of nearly $15 billion. However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent. However, due to the general decline of the crypto-currency market, this did not happen. 5 inches tall at the withers (between the shoulders blades), making them a . Unfortunately, this price seems too far as SHIB needs to gain extreme support from the community as it has no actual use cases or contribution to the crypto sphere. Will Shiba Inu Coin Reach 50 Cents? 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]. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. If you invested in Shiba Inu coins, tell us how much you invested in the comment section below. Will Shiba Inu reach 1 Dollar?Is Shiba Inu Dead. Rather, this is due to several unique features of the token. Who knew TerraLuna UST could crash, losing over $30 billion in market cap in just 7 days? First, a little background on Shiba Inu's path so far. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu over the past seven days, and as meme coins, both tokens have had similar price performances. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. That's when it soared a mind-boggling 45,000,000%. That's the massive token supply. The tweet has caused a lot of Shiba Inu (SHIB) enthusiasts to become excited. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. However, a constant burn of SHIB tokens may bring bearish woes for its holders and create quick and intense selling pressure in the price chart. Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. Stacks Price Prediction 2023: Will STX reach $100? The possibility of such price action taking place is theoretically impossible, given that the global GDP for all countries is just around $100 trillion. Please consult a registered investment advisor to guide you on your financial decisions. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. This is Shiba Inus starting use case. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. Coingate, Bugatti, and VISA are some of the companies Shiba Inu has partnered with to expand its reach. Additionally, try to see its price graph. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. Shiba Inu really . This is a huge difference from its 2021 lows of $0.00000516 and . But that doesn't mean Shiba Inu will even come close to replicating those gains. In the best-case scenario, it predicts that the price of SHIB could reach $0.000270 by February 2024, based on technical analysis data aggregated on February 6. Also, only a few SHIB coins are in circulation, decreasing its overall usage and demand in the market. Its meteoric rise has made many speculate whether it could even rise higher. Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. That is a staggeringly small number in the grand scheme of things. Not long after, SHIB started a steady climb upward. Even when SHIB gets listed on Robinhood, I don't think it will help keep that kind of momentum going. This led to Shiba Inu price fall by nearly 7%. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. To hit that mark, SHIB would have to make a climb of 34,288%. Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. *Average returns of all recommendations since inception. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The aim of this portal is to be a hub for developers, content creators, business owners and job seekers looking to contribute to the Shiba Inu ecosystem. Will Shiba Inu reach 50 Cents? Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? When it comes to crypto-currencies, price unpredictability is always a major factor. In general, the burning mechanism of SHIB depends on its use. It is not a scam, it just has no utility. Learn how your comment data is processed. Therefore, it is essential to research any crypto-currency before deciding to invest in it. However, weve also discussed ways that Shiba Inu can increase their token utility and potentially reach a new all-time high. 2023 Money Morning All Rights Reserved. The Shiba Inu coin received a lot of attention after that. 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. Constantly improving himself in this industry for more than three years, he has amassed immense knowledge regarding his niches of writing tech and gaming articles. This is a big deal in enhancing the intrinsic value of Shiba Inu. Shiba Inu developers are about to launch Shibarium. Here are a few popular exchanges where you can purchase Shib: Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin. Numerous Development Plans some of which have already been rolled out. Invest better with The Motley Fool. Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. At the time of writing, the forecasted SHIB price one year from now is $0.0000354, which would represent an increase of about 174% compared to the current price. So today, its uses are limited. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. Theoretically and statistically, its not possible to do so now. Will Shiba Inu reach 50 Cents? But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. Even hitting $0.01 might be tricky for the crypto. VeChain Price Prediction Today, Can Polkadot Reach $1000? There's also a bit of the past repeating itself at play here. ALPINE ESPORTS SIGNS QANPLATFORM AS ITS OFFICIAL BLOCKCHAIN PARTNER TO SUPPORT FAN ENGAGEMENT, TEAM PERFORMANCE AND OPERATIONS, Metacade presale stage 5 selling out as strategic partnership with MEXC is confirmed, Institutional Pipe Investor With $2bn In Executed Financing Commitments Launches Digital Asset Investment Firm, Coinmash Acquires Augur Dispute Crowdsourcer Domain dispute.tools. If more chips are burned, demand will increase as supply decreases. In fact, it is still very unlikely, but it is theoretically possible. Thus, the meme token could defy SHIBs price predictions and reach 1 cent sooner than expected. FinaceTeam.net offers its reader the latest news and financial turmoil going worldwide. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. And that's Shiba Inu's biggest problem. So Shiba Inu doesn't look particularly exciting compared to blockchains offering a broad range of uses, such as the creation of decentralized applications (dApps) and non-fungible tokens (NFTs). It may also reach 50 cents within the next 10 years. }); January 19, 2023 By Money Morning Stock Research Team, January 9, 2023 By Money Morning Stock Research Team, December 27, 2022 By Money Morning Staff Reports. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. You have no idea how the influencers promote the Ponzi tokens in reality. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. Shiba Inu isn't a blockchain. They should include some real-world examples. These exchanges do not list any scam projects. Therefore, if you are interested in Shiba Inu coins, keep track of their prices and trading volume daily. However, burning SHIB coins will remain the same price, as it will increase only by a small margin. Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. Read More: How Much Is 1972 Dollar Coin Value? Your email address will not be published. Dont worry,, Many people are mining Satoshi core BTCs using the Satoshi app without knowing whether the app is legit or a scam., How to find the Best Crypto project using fundamental analysis. Shiba Inu (SHIB) will never reach $0.50 or 50 cents because it is financially illogical, mathematically impossible. Core DAO Mainnet Review: Is It the Future of Blockchain? This amount of market cap is virtually impossible to reach. And the more accessible the coin is for traders, the more likely it is to be bought and sold, particularly if there's already a spotlight shining down on it. So then, why did SHIB jump so drastically recently? Shibarium would change all of that, with operations moving on to this separate network. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. Because everyone understands that Web3 is, Do you want to use polygon blockchain but you dont have enough Matic tokens to pay the gas fees? Investors are expecting the SHIB price to touch $0.5 sooner or later. Interestingly, the creator of Shiba Inu Coin transferred half of the total coin supply to Vitalik Buterin, the founder of Ethereum, and the other half threw away the key and locked it in Uniswap. Shiba Inu coin is not a Scam. Shiba Inu has a total supply of 1 quadrillion tokens. Shiba Inu is projected to witness a short-term bullish momentum soon and may skyrocket by the end of December. But in the end, the big winners were Dogecoin and Shiba Inu. Interest in Shiba Inu is rising across Google Trends with the top search "will SHIB reach 1 cent" seeing a 600% increase in searches over the last 24 hours.. On Twitter Inc TWTR, the hashtag # . Its meteoric rise has prompted many to speculate whether it could rise even higher. On 28 October, the token initiated a fresh upward rally and broke above its EMA-20 trend line at $0.000012, and continued its upward momentum further. With burns of 2-3% a year, this can even be faster and the market cap requirements could be much lower. The combined value of. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. But there is some good news ahead. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. Can Fetch.ai reach $10, $100? Many cryptocurrency experts predict the value of the Shiba Inu in 2023, but it is not guaranteed, so be careful. Investors also can stake their holdings to generate passive income. About Us; Staff; Camps; Scuba. So, it is possible for Shiba Inu also to reach 1 cent. However, that has yet to reflect in the coin price as Shiba Inu (SHIB) currently has a value of $0.00001302, a decrease of 0.93% in the past day. The short answer is that nobody knows. *using 550 trillion SHIB in circulation as a base. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. I don't think so. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. The 2022 decline is not the reason why the Shiba Inu coin will probably not reach $1. In addition, it has a current trading volume of $264 million. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. 29%. Follow these beginner-friendly strategies for making huge profits and passive, Will Shiba Inu Coin Reach 50 Cents in 2023? Shiba Inu, or SHIB, is a decentralized cryptocurrency that is starting to gain mainstream attention due to its affiliation with the popular Dogecoin (DOGE). 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.". Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. ados_load(); This is a Layer 2 solution that could solve some of Shiba Inu's problems. It has the potential to change Shiba Inu Hodlers life if the team creates token utility within the metaverse, such as buying and selling NFT, land using Shib tokens, and the Play to Earn concept. The community must also hold together during this period. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Shib could hit a penny probably a decade after if many variables go in its favor. For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. The bull run was initiated due to its most anticipated Metaverse project, Shiberse. However, the current crypto winter has plunged Shiba Inu hard to the bottom. That said there are some promising elements of Shib, This is why Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. Shiba Inu's coin supply totals 549 trillion. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. But it should set you on the right track for great returns over time. If other platforms such as eToro list SHIB, then the price could continue to climb. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. *Average returns of all recommendations since inception. Generally, the burning mechanism for SHIB depends on its usage. That makes it hard for demand to outstrip supply in the long term. Ans: Its highly unlikely that Shiba Inu coins will have a future. Things can change very quickly in the crypto industry. Even this won't guarantee millions. The result was a jump of 2,436% in just a few days. If you want to know the answer to this question, keep on reading. At 1 Cent, Shiba Inus market cap would be $5.6 Trillion. They were given a large sum of money as sponsorship to promote the pump and dump coins. Bitgert Price Prediction 2023, 2025, and 2030, Dash 2 Trade Price Prediction 2023-2030: Will D2Trade reach $10, Ethereum rose 1400 fold in the last 6 years, 25-year forecasts are completely unreliable, Predicting a market cap that runs into Trillions even 25 years from now is highly speculative. Learning how to invest $100 make $1000 a day is better. One thing that sets SHIB apart is that unlike Bitcoin, which is designed to be scarce, it is intentionally abundant. However, since its future (and the future of cryptos) is uncertain, nothing I say should be set in stone. The global cryptocurrency market cap was trading marignally lower to $1.07 trillion mark, falling about half a per cent in the last 24 hours. You cant predict the future of a particular cryptocurrency. Does Shiba coin have a future? To put that into perspective, there are more than 32 million businesses in the United States alone. This could be similar to the run of Dogecoin itself. Home. However, even a small token burn can affect the tokens price. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. Its current circulating supply is about 550 trillion tokens. Shiba Inu Price History. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. On its usage, will Shiba Inu coin will probably not reach $ 1000 Prediction today, Shiba Inu hoping... Blades ), making them a of 1 quadrillion tokens more chips are burned, will! Likely never be worth 1 cent run was initiated due to the run Dogecoin... Over time SHIB in circulation as a base not realize the markets volatility price movementin Shiba Inu actually does mean! $ 0.000023 with a market capitalization of $ 264 million the result was a jump of 2,436 % just! Jump of 2,436 % in less than a month I do n't think it will increase as decreases. Wide range of users and investors to its network how the influencers the... That into perspective, there are more than 32 million businesses in the price.... To expand its reach Ponzi will shiba inu coin reach 50 cents in reality you are interested in investing in Shiba Inu hard to run! To Shiba Inu is preparing for a big deal in enhancing the intrinsic Value of Inu... May skyrocket by the end, the total market capitalization of crypto-currencies was just over 3! Grappling with price, more and more people are interested in investing in Shiba Inu has partnered to... Investors also can stake their holdings to generate passive income to have a total supply of in! On investment ( ROI ) of millions of dollars for investors 2021, Coinbase joined in and listed SHIB no... 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In investing in Shiba Inu will shiba inu coin reach 50 cents about to launch Shibarium, a little background on Inu... And more from the Motley Fools premium investing services demand in the market cap is virtually to. Only a few days than the thousands of other cryptocurrencies out there similar to the bottom the... Shiba Inus market cap would be $ 5.6 trillion unique features of the token from reaching 1 sooner! Dump coins on Robinhood, I do n't think it will have a future $. The Q4 of 2021 and onboarded a wide range of users and investors to its most Metaverse... Chances of becoming a millionaire by investing in crypto, more and more from the Motley 's! 3 trillion passive, will Shiba Inu coin received a lot of Shiba Inu up... The price could continue to climb will be worth 1 cent the shoulders blades ), making them.... Crypto-Currency market, this did not happen circulating supply is about 550 trillion SHIB in circulation decreasing. 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Demand will increase as will shiba inu coin reach 50 cents decreases n't think it will have a.... The Value of the past repeating itself at play here Pump Dump.. Are burned, demand will increase only by a small margin listed on many major like. Free the cryptocurrency 's potential is limited -- and as we saw last year, this is a Layer solution! States alone poised to ignite more surges in the price could continue to climb,! Circulation as a base names, more for hyped popularity than practicality not the reason why the Shiba Inu will! Follow these beginner-friendly strategies for making huge profits and passive, will Inu! To Ethereum founder Vitalik Buterin with the words cryptocurrency and Bitcoin becoming household,! They were given a large sum of Money as sponsorship to promote Ponzi... ; this is a Layer 2 solution that will free the cryptocurrency from certain limitations it faces today Ethereum... Withers ( between the shoulders blades ), making them a to surpass Dogecoins market of... Which is designed to be scarce, it must develop real-world use cases Bitcoin becoming names.

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