Your email address will not be published. Shiba Inu (SHIB) will never reach $0.50 or 50 cents because it is financially illogical, mathematically impossible. All of this means Shiba Inu isn't the best choice for a "make-me-a-millionaire" portfolio. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Shiba Inu, or SHIB, is a decentralized cryptocurrency that is starting to gain mainstream attention due to its affiliation with the popular Dogecoin (DOGE). It is believed that in 2025, the lowest price of SHIB will drop to $0.000008 and the highest price could reach $0.0001. 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). That makes it hard for demand to outstrip supply in the long term. Home. While there are a few cases of Tokens rising 32279 times, in reality, such rises are rare, Now, there is no category that would gain at 30% per annum for 40 years in a row. Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. *Average returns of all recommendations since inception. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Is it legit or a scam? All of this is to say that it's hard to predict just how high SHIB will actually go. The popular meme token soared about 45,000,000% back in 2021. Some believe that the supply of SHIBs in circulation will decrease dramatically after the launch of the Level 2 Shibarium network, which will burn SHIBs for every transaction. Will Shiba Inu reach 1 Dollar?Is Shiba Inu Dead. One common question is Will Shiba Inu Coin Reach 50 Cents? We can answer this through fundamental analysis. The post Blur To Airdrop $300M, Shiba Inu May See A Shibarium Launch Soon While The TMS Network Brings New Ideas To Trading appeared first on Coinpedia Fintech News. In the two-month stretch between June 18, 2022 and Aug. 18, 2022, SHIB has more than doubled in value to nearly $0.000015. Numerous Development Plans some of which have already been rolled out. Invest better with The Motley Fool. Things can change very quickly in the crypto industry. The journey towards reaching 1 cent for Shiba Inu involves multiple factors, and progress in any of these areas can contribute to the tokens price increase. . At a $0.50 valuation, the total market cap of SHIB will be $274 Trillion, which is 14 times of US GDP, 3.5 times of World GDP, 274 times more than Bitcoin, 550 times more than Ethereum, 137 times more than Apple (AAPL), and 274 times more than Tesla (TSLA) market cap. This is higher than the previous zenith of $0.00003791 recorded back in May 2021. According to The Sun, the currency has not. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. It could even take years of sustained positive performance for that to happen. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. Does Shiba coin have a future? Shiba Inu coin is an altcoin built on the Ethereum blockchain, which is not the same as Bitcoin. The token was developed as an "experiment in decentralized spontaneous community building," according to its whitepaper. The biggest risks are government regulation, poor execution of Shiba Inu plans, and general deterioration in the macroeconomy. How do you identify whether its a scam or a good project? Ans: Its highly unlikely that Shiba Inu coins will have a future. However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent. In 2015, Dogecoin was also worth $0.00008690. Follow these beginner-friendly strategies for making huge profits and passive, Will Shiba Inu Coin Reach 50 Cents in 2023? Will Shiba Inu Coin Reach 50 Cents? Also, developing more utility for the Shiba Inu coin will help its value. Will Shiba Inu Reach $1 or 50 cents? The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. 29%. Additionally, try to see its price graph. The price of one token cost $0.00000000051. crypto that will reach 1 cent. The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch. It is very unlikely that the Shiba Inu coin will hit the $1 mark as it hasn't shown much growth unlike its Shiba Inu counterpart, Dogecoin. Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. Write by: . Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. It was created as a joke and meant to be traded for fun. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. At the time of writing, Shiba Inu's SHIB coin is trading at $0.00003982. Unfortunately, that's impossible. It's simply a token that runs on the Ethereum network. Investors were looking for the next big crypto star. Another point against SHIB reaching $1 is its supply inflation according to our data, Shiba Inu supply has increased nearly 8% year-over-year, making SHIBs prospects of reaching a $1 milestone all the more unlikely. The cryptocurrency sank along with the general market last year. Our simulation suggests that Shiba Inu will hit 1 cent by 2053. Learning how to invest $100 make $1000 a day is better. Click here to jump to comments. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Some believe that the circulating supply of SHIB will decrease drastically after the launch of the Shibarium Layer 2 network, which will burn SHIB for every transaction. AGIX SingularityNET Price Prediction 2023-2030: Will AGIX reach $100? Advertisement Coins. When the Shiba Inu Metaverse lands become popular, the price of the Shiba Inu coin will rise to an all-time high. 5 Ways to Beat the Fed (and Crush Inflation), The Government Is Pouring $391 Billion Into These Stocks - Buy Now, Do Not Sell or Share My Personal Information. Loyal followers -- the Shib Army -- have supported Shiba Inu across social media and believe in the token's ability to shake up the world of cryptocurrency. Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? This is a Layer 2 solution that could solve some of Shiba Inu's problems. 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. The Shiba Inu Metaverse is being created, which is fantastic. To reach the 50 Cents mark, Shiba Inu needs to buckle up and go on a herculean task by rising 1,719,295% from today's price, which is a steady monthly growth of 28,655% up until December. And as Shiba Inu skyrocketed, more and more investors flocked to this crypto with dreams of getting rich, too. A Best Crypto project develops a solution for the blockchain industry, but the starting purpose of the Shiba Inu is to kill another meme coin. The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. In theory, this is feasible but in practice, this would be quite difficult. 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. Investors are advised to do their own research and conduct expert opinions before investing in a volatile meme coin like Shiba Inu. On 29 October, SHIB made further spikes in the price chart and tried to break its immediate resistance level at $0.000015 but faced rejection due to several ongoing macroeconomic factors such as CPI data, inflation rate, interest hikes, etc. But that doesn't mean Shiba Inu will even come close to replicating those gains. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. Shiba Inu has a total supply of 1 quadrillion tokens. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. That means people have to put in way much more money, collectively, just to raise the price. 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. And that's not just because of fading interest. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. Debamalya is a professional content writer from Kolkata, India. Shiba Inu quickly gained popularity due to the widespread use of the Shiba Inu image. But the real question is what is the best way to buy Shiba? Will Bitgert reach 1 Cent? *using 550 trillion SHIB in circulation as a base. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. It might be difficult to do. The team behind SHIB has already tried to create more utility for the token with other related projects, such as Shiboshis (Shiba Inu NFTs) and ShibaSwap DEX. About Us; Staff; Camps; Scuba. If the Shiba Inu team implements those effectively, the prediction accuracy will improve. now ask the question to yourself Will Shiba Inu coin reach 50 cents?. 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. Conflux Price Prediction 2023-30: Will CFX reach $100? This does not mean it is a certainty. Most other cryptos have a fixed supply, which is the case with Bitcoin. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. The Motley Fool has a disclosure policy. The answer to the question will Shiba Inu coin reach 50 cents or not is No. By Money Morning Staff Reports, Money Morning October 13, 2021. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. If more chips are burned, demand will increase as supply decreases. According to CoinCodexs forecast, SHIB will not be worth 1 cent in 2024. 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. The goal of 50 cents may be possible if Shiba Inu gets immense support from the community and brings continuous developments and partnerships to the platform, including Metaverses, DEXs, etc., which will create a high demand for SHIB tokens in the market and hence its price will spark tremendous surges. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? But this would require burning a significant amount of the token for the price to rise to 1 dollar. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. In this article, weve addressed the question Will Shiba Inu coin reach 50 cents? by looking at factors such as the large token supply and lack of real-world utility. How Can I Benefit From Investing In Crypto? The crypto has already gained 25,000,000% overall in the past year for an average monthly growth of 2,000,000%. However, price forecasts are not set in stone, as market conditions can change dramatically. 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, 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. 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. This is a big deal in enhancing the intrinsic value of Shiba Inu. This was a reach even in the bull market, and is extremely unlikely now. Then the price of 1 coin will reach 1 cent. 5 to 16. Learn More. No, there is no scenario in which Shiba Inu will reach 1 cent soon. Shiba Inu's coin supply totals 549 trillion. There has been an increase of 814. Shiba Inu Price History. February 27, 2023 alexandra bonefas scott No Comments . Please consult a registered investment advisor to guide you on your financial decisions. We also can see that we will get Shiba Inu at a cheaper rate than what is now. However, according to Binance, "the top no 1, no 2 and no 5 wallets hold 50.5 per cent, 7 per cent and 3 per cent of total supply respectively". No, Shiba Inu coins are not a good investment now. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Solana Price Prediction Today. You can only speculate. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. Save my name, email, and website in this browser for the next time I comment. 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