Initially, the project will use the SHIB token to facilitate the purchase of Shiba Lands, which are made up of NFTs. This is a huge difference from its 2021 lows of $0.00000516 and market cap of under $1 billion. 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. Lets see how this market cap stacks up against other financial products and see whether it makes sense. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. Tax on profits may apply. 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. Despite the fact that SHIB is identical to other ERC20 token currencies, the community is what sets it apart. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. We answer this question, explore the reasons why experts believe SHIB token prices will rise in the next few months, reasons it wont reach $10 and their Shiba Inu price prediction for 2026 hereinbelow. 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. 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. This question seems to come up on social media multiple times per day. 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. Can SHIBA INU Coin Price Reach $0.01, $0.10 or $1.00? The Motley Fool has a disclosure policy. Most meme coins have a very large circulating supply, which results in a low price per unit. Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023? Can Shiba Inu reach 1 cent? Shiba Inu's biggest catalyst yet may be days away. This could drive the SHIB price to 1$. There you have it, Shiba Inus goal is not to reach $10 or even $1. Is SHIBA INU even Alive? Like before, the main restrictive factor is SHIBs circulating supply, which would, at current amounts, produce a market cap of $275 trillion if the meme coin were to reach the $0.50 mark. This effectively invalidates the pre-market crisis predictions that expected the price rally to thrust it towards $1. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. SHIB, on the other hand, is a currency rather than a commodity. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Big News: Ripple Price is about to TRIPLE? If youre a speculator, you can sometimes leverage this to your advantage. Shiba currently based on Ethereum blockchain and it currently have no big utility apart from NFT and community. To Shiba Inu (SHIB) reach $0.10, the total market cap of SHIB has to be 549 Trillion x $0.10 = $54.9 Trillion. Still, Shiba Inu,. 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. This is a major development because the primary criticism directed at Ethereum is its increased gas fees and low latency functionality. This gives it a lot more potential use cases, as the token can easily be deployed in decentralized finance applications. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. For more context on why its so unlikely anything could boost SHIB to a penny, lets take the example of Bitcoin. Its why they are Trillion dollar company. 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]. For Shiba Inu, the one clear-cut catalyst that provides make-or-break potential in 2023 is Shibarium. As of writing, Shiba is unstoppable as it setting new all-time high record with time following positive news. Investors were looking for the next big crypto star. 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. That is why Bitcoin is the most popular cryptocurrency. As an investor, we have to be impassioned. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. However, price predictions are not set in stone, as market conditions can change radically. 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? What are Shiba Inu coin price predictions for 2040 and 2050? SHIB Burn Rate Turns Out Extremely Low In February window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. 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. Shiba Inu Price Explodes By More Than 90% since Jan! Will Shiba Inu Reach $1 USD? But first, let us look at its current price. Shiba Inu Prediction 2025 Can the Meme Coin Repeat Its BOOM? 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. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. We can safely assert that a cryptocurrencys long-term viability is mostly dependent on technology and community, based on our experience. And if the uptrend that the token has posted in October 2021 is anything to go by, Shiba Inu can be expected to resume its price rally soon. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. 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. SHIBA INU recorded 15 green days in the last 30 days. 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. That'd be bigger than all but five publicly traded companies in the United States and would make no sense given SHIB's complete lack of utility. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Some do not even believe that Shiba Inu has what it takes to reach $1 by 2026. 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. No consumer protection. No, Shiba Inu will probably never reach and sustain a $10 token valuation. When Will Shiba Token reach $10 USD? 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. Shiba 2023 Price Prediction in INR: Shib is predicted to touch 0.0025 by the end of 2023. Top 10 Meme Coins That Could Skyrocket In 2023. Given that it is an ERC-20 token, i.e., it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. Will Shiba Inu (SHIB) Eventually Reach $100? Yes, its Trillion. 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? While on our last post we wanted to remind everyone that BONE ? This is a fancy way of saying it's just a payment coin -- and there are countless digital currencies that could be used as a payment tool. Shibarium will also incorporate a burning mechanism in which SHIB tokens will be burned with each transaction. However, the bigger issue for Shiba Inu is that it's unable to differentiate itself from more than 22,000 other cryptocurrency projects. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. A number of specific catalysts would be necessary for SHIB tokens to catapult to $0.001. Shiba inu market volume continue to grow following successful audit and other trading safety protocol. However, due to the general decline of the crypto market, that hasnt come to pass. 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. 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. Its why Bitcoin is the largest cryptocurrency. It's going to take some time but 50 mill shib at 1c,5c,10c,50c or $1 per t. At its peak on Oct. 27, a single SHIB token set investors back $0.00008841. It is to outpace Dogecoin and beat its market capitalisation even if the SHIB token prices remain under a penny. Further, Shibarium's launch was widely expected last year. SHIB can be transformed into a utility token by minimizing its supply in distribution. Shibarium will provide a strategy for burning SHIB tokens. And it's climbed more than 44,000,000% this year. The most notable of these products is Shibarium, a layer 2 scaling platform for Ethereum. How high can Solana go? Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. Bitcoin, Dogecoin is a standalone cryptocurrency. The whole cryptocurrency market cap, including all coins and tokens, is less than $2 trillion. 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. Its not only the pioneer but also has the most prominent crypto following in the world. Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00005546. This low price was a reflection of Shiba Inu's creator placing 1 quadrillion tokens in circulating supply. This coin is also called the Dogecoin Killer. It would be extremely difficult, to say the least. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. The purpose of Shibarium is to drastically reduce transaction fees. Following the massive drop, the price has gradually returned to normal. The price of Shiba Inu increased significantly at the end of October. Or you can invest in Shiba Inu or stake your holdings to earn passive income. Since its launch in August 2020, Shiba Inu Coin (SHIB) has become one of the most talked about cryptocurrencies on the market. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Shiba Inu Traded Volume SOARS! 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. Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. But we have to give credit where credit is due. Shiba token manages continue its bull run in every market situation, whether it is bullish, bearish and neutral sentiment. 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. It could even take years of sustained positive performance for that to happen. Even though weve hopefully demonstrated that you shouldnt expect SHIB to ever reach 1 cent, that doesnt mean that there isnt any potential upside for Shiba Inu. The rally in Shiba Inu is widely supported by the volumes which rose more than 250 per cent in the last 24 . Read Also: Is Shiba Inu (SHIB) Worth Buying? 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. 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). 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, finish 2021 higher by a "pedestrian" 46,000,000%, virtually no chance of this lofty price target becoming a reality, Copyright, Trademark and Patent Information. All these developments will improve Shiba Inu's functionality and could boost its price. But it took until 2021 before it was worth a cent. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. In fact, it is still very unlikely, but it is theoretically possible. However, this doesnt mean that its impossible for the SHIB price to grow. These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. The price of SHIB soared from 0.00001 to 0.000014 US dollars. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. websites is a tad more optimistic. In contrast to Dogecoin, which has its own blockchain, SHIB is issued on the Ethereum blockchain. We still suggest to do your own research before investing because there more option in crypto industry that really have great utility that stays forever. Shibarium would change all of that, with operations moving on to this separate network. Dogecoin was developed in 2013 as a comical spin on the then-emerging trend of cryptocurrencies - whereas Shiba Inu was developed in 2021 as a "meme coin" that was a rival to Dogecoin. Interest in blockchain-based gaming, as well as NFT trading/ownership, has fallen off a cliff. From trough to peak, a $1 investment in Shiba Inu would have (briefly) made you a millionaire in 2021.
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