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Shiba market cap volume is crossed billion worth and now heading towards setting half trillion worth if more investor continues to show same interest. As an investor, we have to be impassioned. Most meme coins have a very large circulating supply, which results in a low price per unit. 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. Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. Shiba Inu developers are about to launch Shibarium. Kusama told the Shiba folks that the Shibarium would come very soon.. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. SHIB, on the other hand, is a cryptocurrency based on ERC20 tokens. Its not only the pioneer but also has the most prominent crypto following in the world. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. 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. The most notable of these products is Shibarium, a layer 2 scaling platform for Ethereum. What would it take for. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . Right now, Shiba Inu trades for a fraction of a cent. On the Ethereum network, its another ERC20 token. Shiba 2024 Price Forecast in INR: Shib Coin is predicted to touch 0.006 by the end of 2024. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Even during SHIBs all-time high in October 2021, when the token was trading at $0.0000881, SHIB would have needed to increase in price by 113x to hit a price of $0.01. Shiba Inu Price Prediction Shib Price is Up, Will it Continue to Climb? Its meteoric rise has made many speculate whether it could even rise higher. We and our partners use cookies to Store and/or access information on a device. On the other hand, SHIB does not create any product; its a currency. When the clock struck midnight on Jan. 1, 2021, investors had the opportunity to scoop up SHIB coins for just $0.000000000073. When will Shiba Inua Coin reach a penny? Shiba Inu is just behind Dogecoin in the top 10 of all meme cryptocurrencies, despite a sharp decline in the market worth to the current $6.2 billion as of September 25, 2022. This question seems to come up on social media multiple times per day. Missed DOGE? 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. Are you lookingfor a chart analysis toolthat doesnt distract you with community messages and other noise? Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. 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.". A Look at Price Movement So Far 2021 was an exciting year for Shiba Inu Coin. It could even take years of sustained positive performance for that to happen. On the flip side, there are many who . 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.. //. We also can see that we will get Shiba Inu at a cheaper rate than what is now. Learn More. You might actually LOVE this Answer! 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. Many articles, YouTube videos, and forum posts claim Shiba Inu (SHIB) crypto can or have the potential to reach $0.10 in value. The GDP of the entire planet earth is around $80 Trillion. The price of Shiba Inu has fallen from its weekly high and is currently holding at $0.00000917, and a break above that level is necessary to maintain the uptrend and reach highs above $0.00001. While Dogecoin has a. To Shiba Inu (SHIB) reach $0.10, the total market cap of SHIB has to be 549 Trillion x $0.10 = $54.9 Trillion. The Shiba Inu project recognizes the potential of the virtual world and has launched non-fungible tokens to tap into its ecosystem. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. Could Shiba Inu Help You Become a Millionaire? Popular meme token Shiba Inu (SHIB) is stirring up some excitement. It could happen if enough SHIB token is burnt. Even though many crypto investors dismiss meme coins outright, the fact remains that SHIB is the 13th largest crypto asset by market capitalization, surpassing the likes of Litecoin, Polkadot and TRON. It would be extremely difficult, to say the least. To get Shiba Inu (SHIB) to $0.10, the entire market value of SHIB must be $54.9 trillion multiplied by $0.10. To add to this list, coin burn is unlikely to provide the benefit SHIB holders expect or hope for. 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. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? You also have to look at its massive maximum token supply. 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. Being an emotional investor taints our judgment and causes us to make poor financial judgments. At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. You can use Shiba Inu to pay at certain merchants. Tax on profits may apply. But verily, it's foolish to think of Shiba Inu coin's worth $0.01, $0.10, $1 by 2025. 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. They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. Conservative Prediction: Can Shiba Inu reach $1 in 2023? Shiba Inu Price Prediction: SHIB is Set To Explode? And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. Nimiq (NIM) Coin Price Prediction 2023, 2025, 2030, 2040, 2050, Xswap (XSP) Coin Price Prediction 2020, 2021, 2025, 2030, Pi Network Price Prediction 2023, 2025, 2030, 2040, 2050, Bittorrent (BTT) Coin Price Prediction 2023, 2024, 2025, 2030, 2050, Cardano (Ada) Price Prediction 2023, 2025, 2030, 2040, 2050, Bitcoin SV (BSV) Price Prediction 2023, 2024, 2025, 2030, 2050, Maker (MKR) Price Prediction 2023, 2025, 2030, 2040, 2050. Soloway's price projections have historically been accurate. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. Solanas Network Outage: A Sign of Trouble for Investors? 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 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. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. $1 means almost 1803651% up from price $0.00005544 USD. Instead, its an Ethereum smart-contract based cryptocurrency, similar to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), etc. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023? And it's climbed more than 44,000,000% this year. Therefore, according to simple reasoning, the SHIB coin will never even reach a valuation of $0.10 or 10 cents. All of this means Shiba Inu doesn't stand out from the competition. Could Shiba Inu Help You Become a Millionaire? We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. So it is essential to research any cryptocurrency before you decide to invest in it. How possible is this Cardano . The crypto market is undoubtedly optimistic that Shiba Inu token prices will rise again and possibly reach new heights within the next 5 years. The price of Shiba Inu increased significantly at the end of October. 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. Upcoming developments. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. 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. A currency does not have inherent value long term. Things can be line people will pay less or even no attention to meme typed coins in 2025. The coin reached a high of $0.00003018 back in April. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Making the world smarter, happier, and richer. There you have it, Shiba Inus goal is not to reach $10 or even $1. Its another ERC20 token on the Ethereum network. Shibarium will also incorporate a burning mechanism in which SHIB tokens will be burned with each transaction. 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. If youre a speculator, you can sometimes leverage this to your advantage. Of course, Shiba Inu going to 1 dollar is an even more unrealistic scenario. Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. Dogetti: The Dogefather of Meme Coins Family and community are the foundation of this coin's success. Because of the nature of these coins, this is the case. Shiba Inu Coin ON THE MOVE! Also, developing more utility for the Shiba Inu coin will help its value. Get all Latest News about shiba inu voyager, Breaking headlines and Top stories, photos & video in real time The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. we have seen shiba in the list of top gainers crypto on Coingecko and CoinMarketCap tracking platform. To reach $1 shib would need to be 100 trillion, worth more than the value of every asset on the planet as of 2017 (80 trillion ish). They are cumulatively holding $601 million worth of SHIB tokens. The token was presented as an alternative to Dogecoin, and was sometimes referred to as the Dogecoin killer. SHIB is a monetary token on the Ethereum network. The consent submitted will only be used for data processing originating from this website. 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. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. 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. Investors were looking for the next big crypto star. The reason is what we like to call the cheap coin fallacy. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. It's simply a token that runs on the Ethereum network. Shiba Inu's biggest catalyst yet may be days away. SHIB/USD eight-hour chart. Unlike Apple, Tesla, or Microsoft, it is neither a product nor a platform. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. But not a single price prediction we have come across shows the possibility of SHIB tokens selling for $10 any time soon. Shiba Inu was launched in August 2020 without much fanfare. All these developments will improve Shiba Inu's functionality and could boost its price. Even the thought of getting here is simply unfathomable. New Uptrend 2023? CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. Much of the SHIBs popularity comes from its meme coin status, as its often promoted by its holders on various social media platforms through memes and viral campaigns. 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. However, this doesnt mean that its impossible for the SHIB price to grow. Shiba inu community need to start working on utility and bringing more product on the platform. 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. websites is a tad more optimistic. So, it is possible for Shiba Inu also to reach 1 cent. 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. A single SHIB coin is . Some of our partners may process your data as a part of their legitimate business interest without asking for consent. In this article, we will explain why SHIB can never hit 10 Cents. However, the bigger issue for Shiba Inu is that it's unable to differentiate itself from more than 22,000 other cryptocurrency projects. Shiba Inu is one of the most popular cryptocurrencies out there. As we dig in, Shiba Inu is the largest token held by the dollar value among the largest 100 ETH whales. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Well, for starters, Shiba Inu is at the time of writing valued at $0.000020. Crypto asset investing is highly volatile and unregulated in some EU countries. Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. 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? First, the recent crypto shock took the market by surprise and threw it into disarray. Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. Shib price prediction 2030 in Indian Rupees: Shiba Inu is . 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). This price represents a 5% fall in 24 hours, a 13% loss in a week and a 3.5% decline in the last 30 days, with the meme token unable to escape the wider market's problems. What are Shiba Inu coin price predictions for 2040 and 2050? SHIB, which exists as an ERC-20 token on the Ethereum blockchain, has more than 1.2 million holders. With its unique 'dog-themed' design and meme-based marketing, it has attracted a loyal fan base and gained a lot of attention from investors. 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. 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. Shibarium is being established as a layer-2 blockchain to improve the scalability of Shiba Inus host chain Ethereum. Keep track of your holdings and explore over 10,000 cryptocurrencies. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. Are You Bored with Shiba Inu? Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. Crypto experts are optimistic that the price of Shiba will further increase in 2022. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. 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. Lets compare this market cap with other financial instruments and determine whether it makes sense or not. Shiba Inu (SHIB) will never reach $0.01 or 1 cent because it is financially absurd and illogical. Will Shiba Inu reach 1 cent? Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. 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. As noted, Shiba Inu is an ERC-20 token on Ethereum's blockchain. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. Above prediction is based of average performance of shiba inu from past 6 months. Before 2021, its trading volume was extremely low, less than $1,000 on most days.