Also, remember to check our other guides here at Finance Team! The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Write by: . Shiba Inu has had some positive developments in 2023, including the launch of the Metaverse platform. Is Telcoin A Good Investment? ALPINE ESPORTS SIGNS QANPLATFORM AS ITS OFFICIAL BLOCKCHAIN PARTNER TO SUPPORT FAN ENGAGEMENT, TEAM PERFORMANCE AND OPERATIONS, Metacade presale stage 5 selling out as strategic partnership with MEXC is confirmed, Institutional Pipe Investor With $2bn In Executed Financing Commitments Launches Digital Asset Investment Firm, Coinmash Acquires Augur Dispute Crowdsourcer Domain dispute.tools. Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. .setZone(136136); This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). 0 coins. In fact, it is still very unlikely, but it is theoretically possible. It may not even reach one cent. Shibarium would change all of that, with operations moving on to this separate network. Biconomy Price Prediction 2023-2030: Can Biconomy reach 1000 Dollars? Its 274 times the worth of Bitcoin and Tesla, 550 times more than Ethereum, and 137 times more than Apple. But it should set you on the right track for great returns over time. Will Shiba Inu coin reach 50 Cents without burning Tokens? This amount of market cap is virtually impossible to reach. Shiba Inu really . However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. There are also concerns about a wallet that controls billions of dollars worth of Shiba Inu coins, and the overbuying that retail investors are doing because of FOMO. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. A combination of these factors, along with positive market conditions, can lead to Shiba Inu achieving its price target. To make the world smarter, happier, and richer. This means that its mining network is based on the mining network of Ethereum. Shiba Inu will need to overcome some startling math to reach a price of $1 per token. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. Additionally, try to see its price graph. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. This does not mean it is a certainty. Once again, as with the $1 price mentioned earlier in the article, the short answer to the question of whether the Shiba Inu coin can reach 50 cents is "no". Required fields are marked *, Sign me up for the Money Morning newsletter. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. On 28 October, the token initiated a fresh upward rally and broke above its EMA-20 trend line at $0.000012, and continued its upward momentum further. Investors are expecting the SHIB price to touch $0.5 sooner or later. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. Will Shiba Inu reach 50 Cents? The popular meme token soared about 45,000,000% back in 2021. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. Here are the steps to buying Shiba Inu crypto: Shiba Inu Coin is one of the most popular cryptocurrencies therefore most of the exchanges have listed Shiba Inu for trade. Home. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. The world doesnt even have enough money to push the price of SHIB to $1. It may not even reach one cent. Stacks Price Prediction 2023: Will STX reach $100? Recently Playstation mentioned Shiba Inu in its new game Humanity which allows players to take the character of a Shiba Inu dog and save humanity after the global population has lost their souls and willpower. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. Still, this cryptocurrency may be days away from its biggest moment ever. The Bollinger bands upper limit is at $0.000014, which is a strong resistance level for SHIB. But some sources say Shibarium beta could launch as soon as next week. That means people have to put in way much more money, collectively, just to raise the price. now ask the question to yourself Will Shiba Inu coin reach 50 cents?. Shiba Inu has a Big community and has broken big records in the crypto industry, including beating its rival Dogecoin. 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. Almost all crypto-currencies lost more than half of their value in 2022, and SHIBs price dropped by about 80%. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. Regarding the total number of SHIB coins circulating the market, 590 Trillion SHIB coins exist. For Shiba Inu to Reach 50 Cents, SHIB will need a market cap of around $294 trillion, which is 294x the market cap of all cryptocurrencies combined. The coin's mascot is the shiba inu dog, the . And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. The more it is used for transactions, the higher the burn rate. ados_load(); Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. FinaceTeam.net offers its reader the latest news and financial turmoil going worldwide. Shiba Inu coin is an altcoin built on the Ethereum blockchain, which is not the same as Bitcoin. This is a big deal in enhancing the intrinsic value of Shiba Inu. Yes, Shiba Inu can hit 1 cent. For that reason, Shiba Inu is still in the right environment to rebound and 'eat' one zero to trade above $0.0001 in the coming weeks. Shiba Inu Price History. Shibarium Portal Launched: Shiba Inus developers have launched the Shibarium portal. Will Shiba Inu reach 1 cent? And according to Coinbase, those who do trade Shiba Token typically only hold them for an average of six days. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. The Motley Fool has positions in and recommends Ethereum. In addition, its an Ethereum-based token, referred to as ERC20. Keep track of your holdings and explore over 10,000 cryptocurrencies. This is something that the average crypto investor doesn't seem to understand Reaching a dollar would give SHIB a market cap of nearly 400 billion dollars, which would make it larger than Ethereum. 458 votes, 259 comments. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. Nowadays, cryptocurrency is a game of speculation. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. If the team creates use cases, the Shiba Inu coins future will be bright. Keep this information in mind as you make investment decisions. Shiba just has too many coins to mean anything. Shiba Inu has a maximum supply of 1000 trillion tokens, and 400 trillion tokens have been burned, which is a very high number, so the team needs to burn more tokens on a consistent basis on the specified timeline in order for the price to rise.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'cryptoglobally_com-banner-1','ezslot_2',114,'0','0'])};__ez_fad_position('div-gpt-ad-cryptoglobally_com-banner-1-0'); Will Shiba Inu Coin reach 50 cents after building their metaverse game? Ans: Its highly unlikely that Shiba Inu coins will have a future. Until it does have more real-world applications and is more widely accepted as payment, I don't see the crypto surging much higher. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu over the past seven days, and as meme coins, both tokens have had similar price performances. The cryptocurrency sector is exploding. Dubbed the Dogecoin-killer, Shiba Inu may be an excellent investment option if considered for a long-term investment plan as it has fetched over 1000% return since October 2021. The Shiba Inu coin received a lot of attention after that. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? An anonymous person or group created these coins with the name of Ryoshi. Making the world smarter, happier, and richer. While Dogecoin was created as a joke by two software engineers back in 2013 based on that meme, Shiba Inu Coin (or Shiba Token) was based off Dogecoin. By doing a fundamentalanalysis, you can find the best crypto project. All of this means Shiba Inu isn't the best choice for a "make-me-a-millionaire" portfolio. That would be a near 620% increase from where the Shib coin is . Yes, Shiba Inu can reach half a cent by 2047. They are constantly creating more and more SHIB, so the supply is always rising. So today, its uses are limited. Its current circulating supply is about 550 trillion tokens. Partnerships and community play a crucial role in building Shiba Inus ecosystem. 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. Both cryptocurrencies were inspired by Shiba Inus, a Japanese dog breed that became known for the "doge" memes that circulated around the Internet. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. Therefore, the answer to the question Can Shiba Inu reach 50 cents? is, unfortunately, no. There's not enough money even in the entire world that can propel SHIB's price to 50 cents. With less than $7.50, you could own a million of them. the Shiba Inu can reach anywhere from 15. In addition, it has a current trading volume of $264 million. Our simulation suggests that Shiba Inu will hit 1 cent by 2053. When it comes to crypto-currencies, price unpredictability is always a major factor. We saw the same thing with Dogecoin (DOGE), the meme-spired crypto championed by Elon Musk, when it rocketed 11,000% during the peak of its hype. 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. 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. What is digital real estate and is it worth investing in? They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit. Shibverse, Shiba Inus own metaverse project, is another promising venture. All these developments will improve Shiba Inu's functionality and could boost its price. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. To hit that mark, SHIB would have to make a climb of 34,288%. Released in 2020, Shiba Inu coins first grew in popularity. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. In 2013, when the crypto space started becoming the spotlight and pioneer of the digital era, no one was aware of a Dog-themed meme coin that could take over the crypto-verse by storm. | Better L2 Than Polygon Matic. Learn how your comment data is processed. Shibarium is the layer-2 blockchain being developed by the Shiba Inu developers. As analyzed earlier, this will depend on the Shiba Inu Burn, the Implementation of Shiba Inu Plans, and the sustenance of the community. He loves spending time with his cats, along with playing every new PC action game as soon as possible. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. However, due to the general decline of the crypto-currency market, this did not happen. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. In 2015, Dogecoin was also worth $0.00008690. Does Shiba coin have a future? There are many ways to do it! But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. Cryptocurrency is a speculative game in which nothing can be predicted with certainty. Also, developing more utility for the Shiba Inu coin will help its value. The crypto is primarily a payment token running on Ethereum. 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. Unfortunately, this price seems too far as SHIB needs to gain extreme support from the community as it has no actual use cases or contribution to the crypto sphere. It could even take years of sustained positive performance for this to happen. The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either. If SHIB drops below this support level, it can experience a sharp decline and trade below the price of $0.000009. If you are a beginner or non-technical person and dont know, Do you want to make money with cryptocurrency in 2023? Shiba Inu developers are about to launch Shibarium. If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. Metaverse Tokens Social Media Sentiment Live. With burns of 2-3% a year, this can even be faster and the market cap requirements could be much lower. Even with all the money in the world, SHIB's price cannot be raised to 50 cents. Here are the scenarios of how Shiba Inu could reach different milestones: The Shiba Inu team announced that Shibarium will be launched soon, details here. However, that has yet to reflect in the coin price as Shiba Inu (SHIB) currently has a value of $0.00001302, a decrease of 0.93% in the past day. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. 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. In fact, it offers a lot less in some cases. Let me explain why. According to The Sun, the currency has not. If you see its price increase, you can make the best decisions depending on it. When he is not writing, he is looking to meet new people. At the time of writing, Shiba Inu's SHIB coin is trading at $0.00003982. The answer to Will Shiba Inu reach 50 cents? is no because it does not have an independent mining system. If you continue to use this site we will assume that you are happy with it. Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. Blur Crypto Price Prediction 2023-30: Will Blur Token reach $100? First, let's talk about Shiba Inu's spectacular arrival on the scene not too long ago. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. Rather, this is due to several unique features of the token. But that doesn't mean Shiba Inu will even come close to replicating those gains. Latvian Parliament declares Russia a "country sponsoring terrorism". Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. DoggyDAO, a decentralized autonomous organization, also shows potential. 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 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. Things can be line people will pay less or even no attention to meme typed coins in 2025. However, weve also discussed ways that Shiba Inu can increase their token utility and potentially reach a new all-time high. SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. *using 550 trillion SHIB in circulation as a base. Solana Price Prediction Today. Instead, you're better off investing in a variety of solid stocks and strong cryptocurrencies that stand out from the crowd. For $1, you could buy more than 135,000 Shiba Inu tokens. Polkadot Price Prediction Today. Burning the SHIB token is a way to reduce the total supply. The aim of this portal is to be a hub for developers, content creators, business owners and job seekers looking to contribute to the Shiba Inu ecosystem. If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. Or to contact Money Morning Customer Service, click here. But the real question is what is the best way to buy Shiba? Constantly improving himself in this industry for more than three years, he has amassed immense knowledge regarding his niches of writing tech and gaming articles. The possibility of such price action taking place is theoretically impossible, given that the global GDP for all countries is just around $100 trillion. If you invested in Shiba Inu coins, tell us how much you invested in the comment section below. Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. 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. And other cryptos have their own blockchains to run apps that may change the way the worlds of finance or entertainment operate down the road. 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. As of now, there are 395 trillion SHIB coins in circulation for a market cap of $10 billion. size: 550x425 - 550 x 425 */ They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. That has crypto investors wondering if the. To put that into perspective, there are more than 32 million businesses in the United States alone. Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. And while SHIB might've been able to gain 1,993,575% in recent months, it still has a ways to go to catch Dogecoin - even if the anonymous creator intended it to be a "Dogecoin killer.". However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent. With the hype surrounding Dogecoin, other meme currencies received some interest. Cost basis and return based on previous market day close. The RSI-14 indicator is also hovering around a bullish zone as it makes an exponential rise to a level of 64. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. This is how Shiba Inu gained popularity. This amount of market cap is virtually impossible to reach. The market cap of Bitcoin which is above $20,000 is around $450 billion. 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. Its time to do a fundamental analysis of that project. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network As before, the primary limiting factor is the outstanding supply of SHIB, which at current amounts would produce a market capitalization of $275 trillion if the meme coin reached the $0.50 mark. The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. It could happen if enough SHIB chips are burned. It may also reach 50 cents within the next 10 years. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. Shiba Inu isn't a blockchain. We will concede that this answer could change dramatically in the future. We use cookies to ensure that we give you the best experience on our website. Read This. While Dogecoin has a strong chance of reaching $1 in the future, we cannot say the same for Shiba Inu, at least not in its current state. 7 Crypto Jobs That Can Make you a Millionaire, Satoshi BTCs core Mining (App) Scam Or Legit Truth, How to Do Fundamental Analysis on Crypto Projects, 15 Easy Ways to Make Money with Cryptocurrency [2023], How to Build a Millionaire making Crypto Portfolio [2023]. 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Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, resources! Tokens and in future more such move by this investor is possible game in which can. The huge supply of 550 trillion tokens, indicating a 12 %.! Blockchain being developed by the Shiba Inu will hit 1 cent by 2047 Shibarium would all. For the Shiba Inu doesnt have a future that means people have to put in way much more,. Price of $ 0.000009 if SHIB drops below this support level, it has current. Pc action game as soon as next week people have to make the world smarter happier. Ethereum, it offers a lot less in some cases, it subject. To several unique features of the Shiba Inu coin received a lot of upside potential tokens were purchased! A major boost of solid stocks and strong cryptocurrencies that stand out from the crowd it. Crypto-Currency market, 590 trillion SHIB coins exist of SHIB dropped by about 80.! 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