So, should you buy Shiba Inu while it's trading well below $0.01? Why the sudden change of heart, though? At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. Gaming doesn't look as if it's going to differentiate Shiba Inu, either. While on our last post we wanted to remind everyone that BONE ? A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. The only significant difference was the creator built Shiba Inu on the Ethereum network. But it took until 2021 before it was worth a cent. Nonetheless, the price has been reduced even further. While Ethereum's network is highly trusted, it has a tendency to bog down due to its popularity. And there is never an accurate answer to the price action and direction that Shiba Inu, or any other cryptocurrency for that matter, will take in the future. Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. 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. Upcoming developments. How possible is this Cardano . It would be extremely difficult, to say the least. If these products are widely adopted, they could serve as a catalyst for the price of SHIB to move higher and make it one of the best cryptos to buy. More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years. Shibarium is a layer-2 blockchain project currently under development. Shibarium developers want to make Shibarium one of the most desirable networks for dApps growth, particularly since dApps (decentralized applications) are among the most fiercely debated subjects in the cryptocurrency world. Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. Conservative Prediction: Can Shiba Inu reach $1 in 2023? Is SHIBA INU even Alive? 1 zero needs 10% of coins burned. But not a single price prediction we have come across shows the possibility of SHIB tokens selling for $10 any time soon. 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. 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. We can expect 1 cent mark probably in year 2022. While it seems. Cost basis and return based on previous market day close. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. But a post on social media by Shiba Inu's lead developer prompted Shiba Inu watchers to speculate about a launch as early as next week. No, we don't even expect 1 cent price for Shiba Inu in 2025. Shibaswap, the ecosystems native DEX, can be utilized by stockholders to exchange tokens, take part in governance, create passive income, and buy NFTs. When will Shiba Inua Coin reach a penny? Shiba Inu Price Prediction: SHIB is Set To Explode? Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. These cryptos have a mining system. You also have to look at its massive maximum token supply. Big News: Ripple Price is about to TRIPLE? Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. SHIB's entire market value will be $54.9 trillion at a $0.10 valuation, which is 2.5 times more than US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple Inc. (AAPL), and 55 times more than Tesla's (TSLA) market cap. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. But will it be hard for Shiba Inu to reach $10? Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023? Per Market Realist, the current predictions suggest Shib coin will reach a value of $0.000019 per coin in 2022 and later hit $0.000061 per coin in 2025. 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. Long-term, a currency has no intrinsic worth. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. Response from investor and real user are unreal because it giving tough competition to dogecoin community in term of voting. Shib coin is selling for about $0.0000085 per coin with a market value of $3.4 billion, so there's still plenty of time to grow. Shytoshi Kusama, the developer, tweeted on December 24 that Shibarium is nearly impossible to show up before the end of the year due to the holiday periods. There is a mining mechanism in place for these cryptos. Shiba Inu developers are about to launch Shibarium. The Shiba Inu Coin will be released on the 27th of October, so its possible that the price could go up to 10 cents. If youre a speculator, you can sometimes leverage this to your advantage. FACT: Will Shiba Inu Coin reach $1 during the next Bullrun? 1$ SHIB Price Possible? How will Shiba Inu Perform in Q1 of 2023? Its another ERC20 token on the Ethereum network. The hype surrounding Shiba Inu ( SHIB) is still there amid ongoing discussions on whether it faded away or not due to recent on-chain metrics. We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. It defies logic that SHIBs market value is 54 times more than Bitcoins, 100 times greater than Ethereums, 27 times greater than Apples, 2.5 times greater than US GDP, or half of global GDP. 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. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. Manage Settings May 12, 2021 By Sam Sant Shiba Inu coin (SHIB) is easily the hottest new form of cryptocurrency. Unlike Apple, Tesla, or Microsoft, it is neither a product nor a platform. Shiba Inu has a total supply of 1 quadrillion tokens. According to the US government, the country collects $4 trillion in taxes each year. However, SHIB was not spared during the cryptocurrency bear market of 2022. The coin has also benefited from the recent resurgence of interest in cryptocurrencies, as more people seek to diversify their portfolios and take advantage of the potential for high returns. 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. Can Shiba Inu reach 1 cent? Here's Why 589.6 Trillion Is the Key Number, Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys, 3 Cryptocurrencies to Avoid Like the Plague in February, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Tax on profits may apply. Shiba Inu was launched in August 2020 without much fanfare. For the last 7 days, Shiba Inu prices have been fluctuating and trading within the $0.000020 and $0.000022 range. It is evolving . The Big Ripple Price Prediction for 2023 How high can the XRP price go in 2023? This Meme Coin PUMPED 50% in the past 24 hoursWill it continue to Grow? So, if there is a cryptocurrency bull run again and demand for Shiba Inu rises, interested buyers will have no problems with acquiring the token. the 1-month volatility of the coin is at 5.26. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? Crypto experts are optimistic that the price of Shiba will further increase in 2022. 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. We can safely assert that a cryptocurrencys long-term viability is mostly dependent on technology and community, based on our experience. What are Shiba Inu coin price predictions for 2040 and 2050? Are You Bored with Shiba Inu? CryptoTicker announces its first NFT Collection How to participate? Shibarium will also use five utility tokens to meet its objectives SHIB, BONE, LEASH, TREAT, and SHI. Shiba Inu is an ERC-20 token that's built on the Ethereum (ETH -0.43%) blockchain. The Motley Fool has a disclosure policy. *Average returns of all recommendations since inception. The total cryptocurrency market of all coins and tokens combined is under $2 trillion. 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). However, the fact remains that some people are drawn to coins that have a low price per unit due to the cheap coin fallacy. 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. From there, ADA should rebound higher as what happened previously. Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. On the flip side, there are many who . But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? Secondly, analysts are conscious of the impracticality of the price leap that Shiba Inu needs to make if it is to reach $10 by 2026. 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. Will Shiba Inu coin reach $1? Shiba inu community need to start working on utility and bringing more product on the platform. The cryptocurrency Shiba Inu has wowed investors with its path up the charts. Not even in our lifetime. 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. They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. So, despite SHIB being similar to other ERC20 token coins, the community is the differentiating factor. In reality, you shouldnt be looking at a coin or tokens price per unit when trying to see if it is undervalued or overvalued. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. 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. Missed DOGE? Over the past 24 hours, Shiba Inu has experienced a decline of 0.12%. The total maximum supply of Shiba Inu tokens is 1 quadrillion. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. Shibarium would change all of that, with operations moving on to this separate network. 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 community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. The GDP of the entire planet earth is around $80 Trillion. 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. In January 2022, NFT trading volume totaled $17 billion. But it might reach 1 cent after some years of token burns and deflationary mechanics. Shiba Inu, on the other hand, has a supply of 549 trillion tokens. websites is a tad more optimistic. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. Learn More. SHIB or DOGE: Is Shiba Inu better than Dogecoin in 2023? But since they all remain confident that the SHIB token prices will continue rising in the foreseeable future, how far up do they then expect the token to reach by 2026? The more it is used for transactions, the higher the burn rate. 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.". Before we get started, however, lets take a brief look at the story of the Shiba Inu project and its journey towards the top of the crypto markets. The rally in Shiba Inu is widely supported by the volumes which rose more than 250 per cent in the last 24 . It is to outpace Dogecoin and beat its market capitalisation even if the SHIB token prices remain under a penny. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. Each offers distinct ways for stockholders to raise their investment return. The Motley Fool has positions in and recommends Ethereum. As a result, Crypto traders are keeping an eye on. What would it take for. The crypto is on the rise this year, with a gain of 64% so far. From there also . Well explain why SHIB will never achieve 10 cents in this essay. Several factors contributed to this. Today, however, different crypto experts and investors are confident that Shiba Inu prices will rise again and continue gaining for the next few years. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. Meme coins like Dogecoin and Shiba Inu Coin were particularly popular. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Independent miners worldwide run thousands of mining computers (rigs) to keep the network alive and running. Solanas Network Outage: A Sign of Trouble for Investors? It's now the 13th biggest cryptocurrency by market value. In 2015, Dogecoin was also worth $0.00008690. 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. Author has 1.7K answers and 477.7K answer views 1 y Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. It is less likely that Cardano will crash lower than $0.30. If the cryptocurrency market enters another bull run, SHIB could very well be one of the meme coins to explode. Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00005546. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. You might actually LOVE this Answer! How high can , The trend of the crypto market is currently up. By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? Shiba Inus biggest catalyst yet may be days away. Although 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. Expert analysis as token SURGES by 164% SHIBA INU has risen by more than 164 percent in a week showing bearish dominance in the market while dogecoin prices. But will the gains last and help lift Shiba Inu to $0.01?