No, Shiba Inu will probably never reach and sustain a $10 token valuation. Yesterday, Shiba beat Ethereum in 24-hour trending volume collectively on DEX and CEX. However, the SHIB burn could still contribute to making SHIB a good investment. First, a little background on Shiba Inu's path so far. 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. If more tokens are burnt, it will increase demand as supply dwindles. However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. The SHIB price is currently $0.000007949 at the time of writing. The Motley Fool has positions in and recommends Ethereum. Today, however, different crypto experts and investors are confident that Shiba Inu prices will rise again and continue gaining for the next few years. Cryptoasset investing is highly volatile and unregulated in some EU countries. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. The creator of Shiba Inu is known under the pseudonym Ryoshi. For starters, it has no real value. If youre interested, check out our list of the meme coins that could be the next to explode. Elon musk recently asked to reveal how much he holding Shiba token and he replied none. Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023? Its another ERC20 token on the Ethereum network. Shiba token burning program protocol has changed, as initially token was transferred to Ethereum founder wallet. It means the Shiba Inu (SHIB) coin does not have any independent mining network. Here Are The Two Other Dog Token Alternatives. The Shiba Inu coin, similar to Dogecoin, is a meme-based cryptocurrency that was created in August 2020 by an anonymous person (or a group of people) who go by Ryoshi. The news heightens Shib Inu's visibility and offers more purchasing access to prospective buyers. As of writing, Shiba is unstoppable as it setting new all-time high record with time following positive news. Are You Bored with Shiba Inu? As investors, we must be passionate about our investments. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. In today's episode, I discuss when Shiba Inu Coin will reach a penny! But this would require burning a significant amount of the token for the price to rise to 1 dollar. Of course, theres no guarantee that a coin will ever reach its previous all-time high again. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. Continue with Recommended Cookies. The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch. Overall, the Shiba Inu price was lower after the crash than it had been earlier. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. Is Shiba Inu Price BULLISH? //Shiba Inu Price At Pivotal Point, Only 352 Million SHIB Burned In Read Also: Is Shiba Inu (SHIB) Worth Buying? We know Shiba completely community backed currency and more people keep holding their investment it keeping pushing price upward. Shiba 2023 Price Prediction in INR: Shib is predicted to touch 0.0025 by the end of 2023. Bitcoins price had repeatedly broken out of a long sideways movement, resulting in a 40% increase. Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. Conservative Prediction: Can Shiba Inu reach $1 in 2023? The crypto is on the rise this year, with a gain of 64% so far. Let's find out. Is Shiba Inu A Good Investment For Long Term 2023 Moneymint There is a mining mechanism in place for these cryptos. The most you can do with SHIB tokens is transfer them from one wallet to another. Trillion is correct. Generally, the burning mechanism for SHIB depends on its usage. SHIB is determined to transform into a comprehensive ecosystem with a metaverse and blockchain games, with the incipient liftoff of Shibarium, a Layer 2 solution that will facilitate faster transactions and lower gas expenses. First, the recent crypto shock took the market by surprise and threw it into disarray. Most meme coins have a very large circulating supply, which results in a low price per unit. 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? The coin reached a high of $0.00003018 back in April. 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. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. But will the gains last and help lift Shiba Inu to $0.01? When will Shiba Inua Coin reach a penny? So, it is possible for Shiba Inu also to reach 1 cent. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Shiba Inu (SHIB) Coin Price Prediction: Can It Reach 1 Cent? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. Shibarium envisions being an ecosystem from which potential Shiba Inu projects will come up. Shiba Inu Coin Announced Plan to Reach $0.10! Step by Step - Explained A currency does not have inherent value long term. The crypto market is undoubtedly optimistic that Shiba Inu token prices will rise again and possibly reach new heights within the next 5 years. On the Ethereum network, SHIB is a monetary token. Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record, Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit, How to Buy Decred (DRC) in 2021 [Step-by-Step Buyers Guide]. In the best-case scenario, it projects that SHIB's price could reach $0.000270 by February 2024, accounting for the technical analysis data aggregated on February 6th. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. From the fundamental side of things, the Shiba Inu team is working on several products that are geared towards making SHIB a more attractive token to hold. Unfortunately, those claims are not only misleading; its dangerous for us the retail investors. The price dropped dramatically from $0.000014 to $0.000009. The. shiba inu voyager : Latest news, Breaking news headlines | Scoopnest FACT: Will Shiba Inu Coin reach $1 during the next Bullrun? 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. Shiba Inu, on the other hand, has a supply of 549 trillion tokens. SHIB Burn Rate Turns Out Extremely Low In February May 12, 2021 By Sam Sant Shiba Inu coin (SHIB) is easily the hottest new form of cryptocurrency. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. The GDP of the entire planet earth is around $80 Trillion. While Ethereum's network is highly trusted, it has a tendency to bog down due to its popularity. According to the figure above, for SHIB to attain a market size of $54.9 trillion, the overall market cap of Shiba Inu must be 549 trillion x $0.10 = $54.9 trillion. Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. Meme coins, in particular, had to accept even greater losses. Despite its low price per unit, Shiba Inu has surpassed 1.3 million unique addresses . 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. However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. 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. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years. Can SHIBA INU Coin Price Reach $0.01, $0.10 or $1.00? The platform aims to reach a coin value of $0.00001474 by the end of 2023, which would reflect a further 19% increase to the present price. Platform has 3 active product that include Shibaswap, leash and Bone token. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Simply put, it's vanishingly unlikely that Shiba Inu will ever reach 1 cent, let alone any higher. While the coin first dipped by over 94% in its first year of trading, the price of Shiba Inu exploded in 2021, recording a massive 43,220,000% growth and hitting an all-time high of $0.00008819 in October 2021. Named after the quirky breed of Japanese hunting dogs, Shiba Inu Coin ( SHIB-USD) has surged from $3 billion in market cap to over $30 billion in the span of a few weeks. As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. 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. There is a lot of optimism within the crypto community that Shiba Inu prices will resume the climb and continue rising into the near future. Is Shiba Inu (SHIB) Expected to Reach $10 or More in the Next 5 Years? Shiba Inu Coin Price Prediction 2040 & 2050: Can it Explode? . That's when it soared a mind-boggling 45,000,000%. Instead, its an Ethereum smart-contract based cryptocurrency, similar to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), etc. Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Keep track of your holdings and explore over 10,000 cryptocurrencies. Nicknamed the "Dogecoin killer," many. Dogetti: The Dogefather of Meme Coins Family and community are the foundation of this coin's success. According to Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. Perhaps no cryptocurrency is more responsible for setting the bar high -- at least when it comes to one-year returns -- than meme coin Shiba Inu (SHIB). An example of data being processed may be a unique identifier stored in a cookie. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. Shiba Inu is of course not the only contender in the meme coin sector. This is a huge difference from its 2021 lows of $0.00000516 and market cap of under $1 billion. Shiba Inu Coin: Proof That Shib Will Reach 1 Cent in 2022 https://twitter.com/ShytoshiKusama/status/1606678505378430980?s=20&t=FyxMz9Yn5vBSoJcau8-cDw, Now, the Shibarium layer-2 blockchain will be launched soon, according to one of the projects lead programmers on Twitter. At a $0.01 valuation, the total market cap of SHIB will be $5.89 Trillion, which is 5 times more than Bitcoin, 10 times more than Ethereum, and 3 times more than Apple (AAPL), and 5 times more than Tesla (TSLA) market cap. It is evolving . 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. Manage Settings As of this writing, there's no set date for when Shibarium will be beta-tested in public view. On Wednesday, the price of Shiba Inu coinwhich trades as SHIBsurged 33% to reach an all-time high of $0.00005478. 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. For more context on why its so unlikely anything could boost SHIB to a penny, lets take the example of Bitcoin. It's now the 13th biggest cryptocurrency by market value. The record price represents a near doubling of the value of the Shiba. Cryptos are Consolidating! 1 zero needs 10% of coins burned. Shiba Inu coin: What experts say about the 'Dogecoin' killer hype - Fortune Will Shiba Inu (SHIB) Coin Reach 10 Cents? - ProVsCons This is a . It could even take years of sustained positive performance for that to happen. So, despite SHIB being similar to other ERC20 token coins, the community is the differentiating factor. The answer to this question is no, it will not reach 10 cents. This is impractical. 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. In short, Shiba Inu (SHIB) will never hit $0.10 or 10 cents. It's simply a token that runs on the Ethereum network. According to our SHIBA INU price prediction, SHIB is expected to reach a price of $ 0.000016 by Mar 07, 2023. Well explain why SHIB will never achieve 10 cents in this essay. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. Will Shiba Inu Coin Reach $0.01, $0.1, $1, $10? - Telegaon 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. Portfolio Boosters: Shiba Inu, Dogetti and Dogecoin Look Promising For In fact, it offers a lot less in some cases. Will Shiba Inu (SHIB) Coin Reach 10 Cents? - Crypto Coinstrade However, SHIB is an ERC20 token-based cryptocurrency. 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. According to the US government, the country collects $4 trillion in taxes each year. As an investor, we have to be impassioned. It is less likely that Cardano will crash lower than $0.30. There you have it, Shiba Inus goal is not to reach $10 or even $1. How will Shiba Inu Perform in Q1 of 2023? While SHIB has seen massive price increases in the past, the chance of hitting large multiples becomes smaller as the market cap of the asset grows. Shiba Inu prepares for higher targetsWhere will SHIB go next? Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Author has 1.7K answers and 477.7K answer views 1 y 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. However, this doesnt mean that its impossible for the SHIB price to grow. Therefore, the SHIB coin is not something new. 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. In other words, it removes coins from the circulating supply and, in theory, makes each remaining token that much more valuable. Shiba Inu runs on a decentralized computer system with a blockchain database. Missed DOGE? Shiba Price Prediction - Does This Meme Coins Struggle for Direction It was not uncommon for the total daily trading volume in SHIB to come in below $500 in the months following its debut, based on data from CoinMarketCap.com. SHIBA INU technical analysis for today - Mar 02, 2023. Tax on profits may apply. Will Shiba Inu (SHIB) Eventually Reach $100? Shiba Inu has a total supply of 1 quadrillion tokens. SHIB at. The Shiba Inu project will reach a price of ten cents by 2024, based on the growth of the . The rally in Shiba Inu is widely supported by the volumes which rose more than 250 per cent in the last 24 . How possible is this Cardano . However, credit must be given where credit is due. The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. It's going to take some time but 50 mill shib at 1c,5c,10c,50c or $1 per t. Can Shiba Inu Reach 1 Cent? Price Analysis - Benzinga It was met with much skepticism after traders witnessed the massive rise and steep decline of Dogecoin who came before the Shiba Inu coin. Top 10 Meme Coins That Could Skyrocket In 2023. If youre a speculator, you can sometimes leverage this to your advantage. Coin Price Forecast predicts Shib will trade at $0.00004266 at the end of 2022. Shiba Inu, a new Dogecoin-inspired cryptocurrency launched last August, has now formed ties with crypto.com, the world's largest cryptocurrency exchange. Most probably between end of 2024 or even start of 2025. This would represent a 32.18% price increase for SHIB in the next 5 days. Burning the SHIB token is a way to reduce the total supply. Shiba Inu coin, will it reach 1 cent? - Liddat 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. More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. When Shiba Inu Will Reach 1 Cent - Extrapolating Data However, the Shiba Inu coin was also negatively impacted by the FTX crash in the days that followed. Long-term, a currency has no intrinsic worth. It is not anchored on unique blockchain technology - just hosted on, Price prediction websites, crypto experts, and even, website paints a rather grim future for the altcoin. And 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. The consent submitted will only be used for data processing originating from this website.