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. 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. Top 10 Meme Coins That Could Skyrocket In 2023. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. With one Quadrillion SHIB tokens around, getting to $100 per token would mean creating an unutterable market capitalisation of $100 Quadrillion for the Shiba Inu network. Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023? 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. On the Ethereum network, its another ERC20 token. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. The. we have seen shiba in the list of top gainers crypto on Coingecko and CoinMarketCap tracking platform. 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. What would it take for. 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. Its not only the pioneer but also has the most prominent crypto following in the world. 1 zero needs 10% of coins burned. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. And why do they not believe it can hit $10 in the next 5 years? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Here Are The Two Other Dog Token Alternatives. 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. As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. now, question will it continue to highlight that top gainer list and will Shiba surpass Dogecoin and other crypto for best investment of year 2021. Click here to watch the talks of the amazing Berlinverse speakers. There were 1000 trillion SHIB (1 quadrillion) in the start, but roughly 451 trillion were locked up or burnt forever. Shib price prediction 2030 in Indian Rupees: Shiba Inu is . But not a single price prediction we have come across shows the possibility of SHIB tokens selling for $10 any time soon. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. However, price predictions are not set in stone, as market conditions can change radically. Shibarium would change all of that, with operations moving on to this separate network. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. Will Shiba Inu (SHIB) Eventually Reach $100? Burning the SHIB token is a way to reduce the total supply. 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. The will shiba inu coin reach 10 cents is a question that many are asking. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. No consumer protection. Will Shiba Inu Reach $1 or 50 cents? May 12, 2021 By Sam Sant Shiba Inu coin (SHIB) is easily the hottest new form of cryptocurrency. Interest in blockchain-based gaming, as well as NFT trading/ownership, has fallen off a cliff. Coin Price Forecast predicts Shib will trade at $0.00004266 at the end of 2022. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. The reason is what we like to call the cheap coin fallacy. Read Also: Is Shiba Inu (SHIB) Worth Buying? SHIB is based on Ethereum ERC20. Above prediction is based of average performance of shiba inu from past 6 months. These cryptos have a mining system. Its why theyre a multibillion-dollar corporation. Even the thought of getting here is simply unfathomable. As a result, Shiba Inu took off. Thousands of mining machines (rigs) are used by independent miners across the globe to keep the network functioning. [CDATA[ It's now the 13th biggest cryptocurrency by market value. if shiba goes to 1 cent how much will i get. Not even in our lifetime. For more than a century, the stock market has been one of the greatest wealth creators on the planet. By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. This is especially true for Shiba Inu, which has only been around since the summer of 2020 and therefore doesnt have a long price history that would help us understand how SHIB tends to behave across crypto market cycles. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. This could drive the SHIB price to 1$. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. 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.. 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. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. To make the world smarter, happier, and richer. And even Shiba Inu token developers know it. SHIB, on the other hand, is a cryptocurrency based on ERC20 tokens. However, SHIB is an ERC20 token-based cryptocurrency. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. 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 Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. Shiba inu coin revealed plan to hit $0.10 Shib token news. Now coming back to topic, as our platform suggested different prediction for Shiba Coin, as being one of the small investors of Shiba most of you wanted to know what is next target for Shiba in coming months or year. Of course, theres no guarantee that a coin will ever reach its previous all-time high again. The record price represents a near doubling of the value of the Shiba. As a result, Crypto traders are keeping an eye on. Can Shiba Inu coin reach 1 cent or $1? Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. Well based on extrapolating data from November 1st 2021 (the all time high market cap) and February 4th 2023 (I just picked this date for no particular reason). Will Shiba Inu Reach $1 USD? To add to this list, coin burn is unlikely to provide the benefit SHIB holders expect or hope for. Here Are the Chances for the SHIB Price to Increase, meme coins that could be the next to explode. 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. Invest better with The Motley Fool. SHIBA INU recorded 15 green days in the last 30 days. Cryptos are Consolidating! At the time of writing, Apple is the worlds most valuable company, with a market capitalization of about $2.14 trillion. Shiba Inu's biggest catalyst yet may be days away. Despite its low price per unit, Shiba Inu has surpassed 1.3 million unique addresses . The reason is Shiba Inu belongs to a controversial niche with no real use-case. This was a reach even in the bull market, and is extremely unlikely now. Efforts are underway to burn Shiba Inu tokens to reduce supply. Further, Shibarium's launch was widely expected last year. But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. We will concede that this answer could change dramatically in the future. It would be worth more than the entire cryptocurrency market today. The Motley Fool has a disclosure policy. 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. Get all Latest News about shiba inu voyager, Breaking headlines and Top stories, photos & video in real time A currency does not have inherent value long term. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. 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. Shiba Inu's price history. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. The most you can do with SHIB tokens is transfer them from one wallet to another. For Shiba Inu, the one clear-cut catalyst that provides make-or-break potential in 2023 is Shibarium. SHIB was largely unknown for about half a year after it was created. 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). 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. Let's elaborate. Crypto asset investing is highly volatile and unregulated in some EU countries. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. How high can Solana go? A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. 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. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $0.000028 by December 2025. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. If the cryptocurrency were to reach $0.01, its market value would top $5.4 trillion. In this article, we will explain why SHIB can never hit 10 Cents. Most probably between end of 2024 or even start of 2025. Cost basis and return based on previous market day close. 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. 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. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. 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. It's simply a token that runs on the Ethereum network. Shiba Inu isn't a blockchain. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . expected after 2030. 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. Most meme coins have a very large circulating supply, which results in a low price per unit. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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.". For example, it would not be so outlandish to say that a cryptocurrency with a market cap of $10 million could potentially 100x in price over a long enough time period. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. It's somewhat similar to a publicly traded company enacting a stock buyback. Tax on profits may apply. What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? 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 an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. 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. For starters, it has no real value. As a result, the SHIB coin is not a novel concept. The Next Shib? The only significant difference was the creator built Shiba Inu on the Ethereum network. The consent submitted will only be used for data processing originating from this website. 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. If youre a speculator, you can sometimes leverage this to your advantage. This Meme Coin PUMPED 50% in the past 24 hoursWill it continue to Grow? We can expect 1 cent mark probably in year 2022. While on our last post we wanted to remind everyone that BONE ? 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. Just like the broader crypto market, the Shiba Inu (SHIB) price is currently at a crucial turning point from a technical chart analysis. However, this doesnt mean that its impossible for the SHIB price to grow. The Numbers are IN! Of course, Shiba Inu going to 1 dollar is an even more unrealistic scenario. 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. Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. 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. The price of SHIB soared from 0.00001 to 0.000014 US dollars. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. Being an emotional investor taints our judgment and causes us to make poor financial judgments. Lastly, there would almost certainly need to be a large coin burn event. . SHIB/USD eight-hour chart. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. 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. Still, this cryptocurrency may be days away from its biggest moment ever. Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. While Dogecoin has a. The GDP of the entire planet earth is around $80 Trillion. 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. In today's episode, I discuss when Shiba Inu Coin will reach a penny! 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. Today, most do not expect Shiba Inu prices to even come close to $1 by 2030. Sean Williams has no position in any of the stocks mentioned. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. 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. We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. #SHIBA is a popular coin with a. Bitcoin, Dogecoin is a standalone cryptocurrency. Each offers distinct ways for stockholders to raise their investment return. Its why Bitcoin is the largest cryptocurrency. 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. On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. This could make Shiba Inu one of the leading cryptos to explode in 2023. Nevertheless, rumors have been swirling on social media that this public test is coming relatively soon. This is a major development because the primary criticism directed at Ethereum is its increased gas fees and low latency functionality. Shiba Inu has pulled off some of the most impressive price performances in the history of crypto markets. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success. Despite the fact that SHIB is identical to other ERC20 token currencies, the community is what sets it apart. No, we don't even expect 1 cent price for Shiba Inu in 2025. Right now, Shiba Inu trades for a fraction of a cent.