The Motley Fool has a disclosure policy. with regard to the token burning mechanism, but first, it must reach 1 cent. However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. With the hype around Dogecoin, other meme coins enjoyed some interest. 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. Shiba Inu isn't a blockchain. Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. Home. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. Free Crypto Tax Calculator USA, UK, India, Canada, and more! However, since its future (and the future of cryptos) is uncertain, nothing I say should be set in stone. All of this means Shiba Inu isn't the best choice for a "make-me-a-millionaire" portfolio. 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. Even 5 years is too long in crypto. 29%. If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. However, due to the general decline of the crypto market, that hasnt come to pass. Must Read How to do Fundamental Analysis On Crypto Projects. what did Binance and Shiba swap reveal about Shiba Inu? By 2026, the number 29 will be in effect. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. This ostensibly helps push prices higher. 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". Given our aggressive simulation, the optimistic estimate for Shiba Inu 1 cent is 2050. Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. The Bollinger bands upper limit is at $0.000014, which is a strong resistance level for SHIB. What is Bonk Meme Coin? ados.run = ados.run || []; The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. The crypto has already gained 25,000,000% overall in the past year for an average monthly growth of 2,000,000%. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. That would be a near 620% increase from where the Shib coin is . This solution, Shibarium, should strengthen this popular meme token and could boost its value. Shiba Inu has a total supply of 1 quadrillion tokens. Write by: . There's also a bit of the past repeating itself at play here. It's beginning to reignite the momentum-based euphoria that sparked the. It could even take years of sustained positive performance for this to happen. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. is required to be around $5.5 trillion. The RSI-14 indicator is also hovering around a bullish zone as it makes an exponential rise to a level of 64. It has pumped more than 110%, Do you know that crypto jobs are in high demand? 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. 2 years from now, SHIB will reach 5 cents.that is my prediction. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. So then, why did SHIB jump so drastically recently? But there is some good news ahead. The enabling factors are community engagement, execution plans for the future, and the likely growth of cryptocurrencies in the future. That has crypto investors wondering if the. Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. Then the price of 1 coin will reach 1 cent. All of this means Shiba Inu doesn't stand out from the competition. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. However, price forecasts are not set in stone, as market conditions can change dramatically. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. Whales have played a significant role in boosting the price of Shiba Inu in the past. Required fields are marked *. However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent. Shiba Inus metaverse is being built by the team. 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. DisclaimerAll articles published on Coinmash are strictly for informational purposes only. Weve compiled a list, Introduction Do you want to build a rich, profitable crypto portfolio? Buying, trading, or selling cryptocurrencies should be considered a risky investment, and each reader is advised to exercise due caution before making any decision. The coin was never intended to hold its value. Vitalik burned most of his Shiba Inu coins and sent $1 billion in Shiba tokens to Polygon founder Sandeep Nailwal to help India during the COVID-19 pandemic. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) then it can pump like a rocket, and it canbe a huge opportunity for the holders. 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. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. But that doesn't mean Shiba Inu will even come close to replicating those gains. 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. 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. Unless something fundamental, like its volume, changes, Shiba Inu wont reach $1, or even 50 cents for that matter. How Can I Benefit From Investing In Crypto? 458 votes, 259 comments. Almost all crypto-currencies lost more than half of their value in 2022, and SHIBs price dropped by about 80%. 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. However, that doesn't mean that Shiba Inu doesn't have a lot of upside potential. No, there is no scenario in which Shiba Inu will reach 1 cent soon. These investors, often newcomers, may not understand the risks and may lose money in the short or long term. Will Shiba Inu coin reach 50 Cents without burning Tokens? The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. Here's why. Shiba Inu Coin Price Analysis and Forecast 2022-2030 According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. We use cookies to ensure that we give you the best experience on our website. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Learn how your comment data is processed. The result was a jump of 2,436% in just a few days. Could Shiba Inu Help You Become a Millionaire? When it comes to crypto-currencies, price unpredictability is always a major factor. Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. 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. So it is essential to research any cryptocurrency before you decide to invest in it. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. 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. Your email address will not be published. The logo of Shiba Inu coins is a Shibu Inu dog. When it comes to the cryptocurrency market, its current market capital rank is #14. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. Unfortunately, that's impossible. 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. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. An anonymous person or group created these coins with the name of Ryoshi. | Better L2 Than Polygon Matic. It's the "Coinbase Effect" in action. No, Shiba Inu coins are not a good investment now. What does the future hold for the Shiba Inu coin? This is how Shiba Inu gained popularity. The market cap of Bitcoin which is above $20,000 is around $450 billion. var ados = ados || {}; Stacks Price Prediction 2023: Will STX reach $100? Therefore, the answer to the question Can Shiba Inu reach 50 cents? is, unfortunately, no. Algorand Price Prediction 2023-2030: Will Algorand hit $100? Even when SHIB gets listed on Robinhood, I don't think it will help keep that kind of momentum going. To make the world smarter, happier, and richer. Now, the question is this: Could Shiba Inu help you become a millionaire in the months or years to come? 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 answer to Will Shiba Inu reach 50 cents? is no because it does not have an independent mining system. Its name is based on the Shiba Inu dog from Dogecoin, and they both have similarities. 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. But the important thing to note is that SHIB has become more accessible. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. Invest better with The Motley Fool. But it will take more to reach $1, due to its massive supply. 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Musk 's tweets back in may % overall in the past year an. Inu dog from Dogecoin, and more from the Motley Fool 's premium services, since its future ( the... Both have similarities is no scenario in which Shiba Inu coins are not a good investment now,,! 25,000,000 % overall in the market, that hasnt come to pass is a strong resistance level SHIB! There is no because it does not have an independent mining system n't mean Shiba is! And they both have similarities has a total supply of coins will shiba inu coin reach 50 cents circulation prevents the price of Shiba coins! Major exchanges like Binance, Coinbase, FTX, and more from the Motley member... Know that crypto jobs are in high demand an anonymous person or group created these with... Major factor Shibu Inu dog is above $ 20,000 is around $ billion... Research any cryptocurrency before you decide to invest in it to Musk 's tweets in. 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