But despite this drastic climb higher, the crypto isn't going to hit $0.50 anytime soon. Now, the question is this: Could Shiba Inu help you become a millionaire in the months or years to come? One thing that sets SHIB apart is that unlike Bitcoin, which is designed to be scarce, it is intentionally abundant. with regard to the token burning mechanism, but first, it must reach 1 cent. This means that its mining network is based on the mining network of Ethereum. 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. Only 1,714 businesses across the globe that accept DOGE as a form of payment. The 2022 decline is not the reason why the Shiba Inu coin will probably not reach $1. Let's find out. February 27, 2023 alexandra bonefas scott No Comments . Will Shiba Inu Coin Reach 50 Cents? That's unlikely to happen. How do you identify whether its a scam or a good project? until the end of the year on average. The same answer also applies to questions like will Shiba Inu coin reach $1? and Will Shiba Inu coin reach $10?. The reason is Shiba Inu belongs to a controversial niche with no real use-case. . It could happen if enough SHIB chips are burned. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. Here's why. When it comes to the cryptocurrency market, its current market capital rank is #14. Generally, the burning mechanism for SHIB depends on its usage. Write by: . Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. Free Crypto Tax Calculator USA, UK, India, Canada, and more! 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. Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. SHIB has risen more than 85,000,000% in a year and hit its all-time high on October 28, making it the most prominent example of a monumental bull run in crypto in recent years. In fact, it is impossible to predict the price of an asset 40 years from now. Bitgert Price Prediction 2023, 2025, and 2030, Dash 2 Trade Price Prediction 2023-2030: Will D2Trade reach $10, Ethereum rose 1400 fold in the last 6 years, 25-year forecasts are completely unreliable, Predicting a market cap that runs into Trillions even 25 years from now is highly speculative. For instance, a statement by the Federal Reserve Chairman on easing the pace of rate hikes led to a 3% rise in Shibs price. But why is it so? While SHIB has some great momentum at the moment, the crypto does have its limitations. Development plans are critical to Shiba Inus growth. His coin gained a very huge marketcap because of hype without having the actual product. First, a little background on Shiba Inu's path so far. Will Shiba Inu coin reach 50 Cents without burning Tokens? However, price forecasts are not set in stone, as market conditions can change dramatically. Elizabeth II's eight grandchildren stand vigil guard around their grandmother's coffin. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. Comment on This Story Click here to cancel reply. Invest better with The Motley Fool. While there are a few cases of Tokens rising 32279 times, in reality, such rises are rare Let us take a specific scenario If Shiba Inu gains 30% a year (assuming a burn of 50% of its supply) it will take 43 years for Shiba Inu to reach 50 cents. As can be quickly deduced from the above table, the probability of the price of Shiba Inu approaching $1 at current levels of outstanding supply is simply impossible. Compared to DOGE, which has 131 billion in supply for a market cap of $30 billion, it's clear that if there were less SHIB around for the current demand, the value could rise. This could make Shiba Inu one of the leading cryptos to explode in 2023. Of course, Shiba Inu, trading at a fraction of a cent, still could rise enough to deliver a decent gain to investors who take a massive stake in the token. All of this means Shiba Inu doesn't stand out from the competition. Core DAO Mainnet Review: Is It the Future of Blockchain? Will Shiba Inu reach 50 Cents? All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. There's not enough money even in the entire world that can propel SHIB's price to 50 cents. For $1, you could buy more than 135,000 Shiba Inu tokens. The short answer is that nobody knows. The popular meme token soared about 45,000,000% back in 2021. But it wasnt until 2021 that it was worth a penny. Shibarium: Will Shiba Inu Price rise by 60%? Even when SHIB gets listed on Robinhood, I don't think it will help keep that kind of momentum going. The Shiba Inu Metaverse is being created, which is fantastic. And why it can cause Shiba to reach 50 cents? 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. If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. In fact, it is still very unlikely, but it is theoretically possible. Your email address will not be published. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. There's also a bit of the past repeating itself at play here. Home. Unlike Bitcoin, which some companies offer as payment in place of a traditional salary, or Ethereum, which can be used to buy real estate on website like Propy, DOGE and SHIB lack any real-world utility. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. Shiba Inu (SHIB 0.50%) may have helped create some millionaires in the past. Polkadot Price Prediction Today. Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. Shiba Inus performance in 2021 was spectacular, and many expected it to continue the same run the following year. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). However, due to the general decline of the crypto-currency market, this did not happen. 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. The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. 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. The crypto has already gained 25,000,000% overall in the past year for an average monthly growth of 2,000,000%. All rights reserved by Redhatmedia. Shiba Inu's (SHIB) price prediction. And as Shiba Inu skyrocketed, more and more investors flocked to this crypto with dreams of getting rich, too. According to our Shiba Inu technical analysis, it has been on a bearish trend since the crypto market crash in May, which plunged several cryptocurrencies to the bottom level in price. Shiba Inu burn and whale action are also essential factors in determining the price of Shiba Inu. Its meteoric rise has prompted many to speculate whether it could rise even higher. The Motley Fool has a disclosure policy. then it can pump like a rocket, and it canbe a huge opportunity for the holders. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Shiba Inu is projected to witness a short-term bullish momentum soon and may skyrocket by the end of December. Rather than going with something popular, can you imagine a Shiba Inu becoming a dogecoin killer? Can Shiba can hit 1 cent is dependent on numerous factors that are works in progress. This amount of market cap is virtually impossible to reach. But this would require burning a significant amount of the token for the price to rise to 1 dollar. Shiba Inus biggest catalyst yet may be days away. 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. Please consult a registered investment advisor to guide you on your financial decisions. Popular meme token Shiba Inu (SHIB -0.62%) is stirring up some excitement. They were given a large sum of money as sponsorship to promote the pump and dump coins. But its always advised to practice caution while you are doing so. A big area for the community is given that in the year 2021, Shiba Inu had risen 60 times in 6 months, Can Shiba Inu reach 1 cent? Shiba Inus journey towards reaching 1 cent can be categorized into four main areas macroeconomic factors, development plans, partnerships and community, and Shiba Inu burn and whale action. VeChain Price Prediction Today, Can Polkadot Reach $1000? All of this means Shiba Inu isn't the best choice for a "make-me-a-millionaire" portfolio. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); The best of Crypto news & Update, in your inbox. You have no idea how the influencers promote the Ponzi tokens in reality. However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. Disclaimer: CryptoGlobally.com content is for Educational purposes only and is not intended to constitute investment advice. Yes, Shiba Inu can hit 1 cent. This is Shiba Inus starting use case. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. The prediction is currently expecting the Shiba Inu price to decline throughout 2023, before starting to recovery in early 2024 and eventually starting a big rally. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. Also, developing more utility for the Shiba Inu coin will help its value. This is a huge difference from its 2021 lows of $0.00000516 and . The Motley Fool has positions in and recommends Ethereum. 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 reach 1 cent 2025? Or to contact Money Morning Customer Service, click here. The bull run was initiated due to its most anticipated Metaverse project, Shiberse. However, the current crypto winter has plunged Shiba Inu hard to the bottom. How Much Money Do You Need To Start Investing? By Money Morning Staff Reports, Money Morning October 13, 2021. Shib could hit a penny probably a decade after if many variables go in its favor. It is believed that in 2025, the lowest price of SHIB will drop to $0.000008 and the highest price could reach $0.0001. Why did the DOGE price only slightly rise? The popular meme token soared about 45,000,000% back in 2021. In 2015, Dogecoin was also worth $0.00008690. The answer to the question will Shiba Inu coin reach 50 cents or not is No. 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. Can Shiba Inu Reach $1? It has the potential to change Shiba Inu Hodlers life if the team creates token utility within the metaverse, such as buying and selling NFT, land using Shib tokens, and the Play to Earn concept. That would be a near 620% increase from where the Shib coin is . Until it does have more real-world applications and is more widely accepted as payment, I don't see the crypto surging much higher. Many of us are asking where the price will go over the coming years, and in many ways, it can go from where it is now to prices WAY beyond what any one has thought p. However, its total supply is 1 Quadrillion coins. Shiba Inu really . To hit that mark of $0.50, the crypto has to make a Sisyphean climb of 1,719,295% - a monthly growth of 28,655%. Shiba Inu has a Big community and has broken big records in the crypto industry, including beating its rival Dogecoin. One such growing cryptocurrency exchange portal is the ShibaSwap platform which is recently getting a lot of attention from traders and investors. Is it legit or a scam? Some, like Ethereum, even burn their supply over time. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. However, a constant burn of SHIB tokens may bring bearish woes for its holders and create quick and intense selling pressure in the price chart. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. It could happen if enough SHIB token is burnt. Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. Burning the SHIB token is a way to reduce the total supply. The market cap of Bitcoin which is above $20,000 is around $450 billion. More token burns are needed to help the price of Shiba Inu reach 1 cent. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Shiba Inu has a very large supply, which is why the team needs to create a burning mechanism to burn tokens on a continuous basis. . This could be similar to the run of Dogecoin itself. Who knew TerraLuna UST could crash, losing over $30 billion in market cap in just 7 days? Will Shiba Inu Reach $1 or 50 cents? As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. But it will take more to reach $1, due to its massive supply. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. The RSI-14 indicator is also hovering around a bullish zone as it makes an exponential rise to a level of 64. 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". Bitcoin has numerous real-world use cases. Read This, Exploring Successful Strategies For Investments And Savings, Create An Everlasting Impression With Quirky Marketing, 10 Most Expensive Vehicles You Can Buy Today, New Subsidy On US Chip Will Pose A Global Threat To Economy, BRICS Appeals To More Countries As Algeria Signals To Join This Group, Pakistan Imports Slash Down Sharply To Stabilize Rupee. That abundance is part of the joke. We will concede that this answer could change dramatically in the future. Advertisement Coins. 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. If you see its price increase, you can make the best decisions depending on it. First, let's talk about Shiba Inu's spectacular arrival on the scene not too long ago. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. }); January 19, 2023 By Money Morning Stock Research Team, January 9, 2023 By Money Morning Stock Research Team, December 27, 2022 By Money Morning Staff Reports. The cryptocurrency sector is exploding. Adria Cimino has positions in Ethereum. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? In fact, it isn't even likely to reach that milestone over the next five years. POLKADOT etc. 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. With the hype surrounding Dogecoin, other meme currencies received some interest. *using 550 trillion SHIB in circulation as a base. crypto that will reach 1 cent. I don't think so. With the current price of Shiba Inu being $0.000009 with a trading volume of $274 Trillion, almost half of its coins need to be burned to increase its price to 50 cents and more. Your email address will not be published. Can Fetch.ai reach $10, $100? 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. To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. This is because this cryptocurrency was introduced as a joke. Shiba Inu Holder Transfers SHIB from Wallet to Exchanges: It is reported that Shiba Inu investor holding a huge number of SHIB token in Wallet 0xd6 has transferred around 182 billion shiba inu tokens to Crypto exchanges Gemini andCrypto.com. zone: Popup - MM, Is Telcoin A Good Investment? Shiba Inu coin is not a Scam. What does the future hold for the Shiba Inu coin? And that's not just because of fading interest. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. It was created as a joke and meant to be traded for fun. Efforts are underway to burn Shiba Inu tokens to reduce supply. 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