}); 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. However, many cheaper cryptocurrencies exist on the market, like Shiba Inu and DogeCoin. 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. Most crypto players offer the exact same things. In addition, it has a current trading volume of $264 million. Therefore, it is possible that Shiba Inu will also reach 1 cent. There is a significant possibility that Shiba Inu will hit 1 cent. 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. Now, the question is this: Could Shiba Inu help you become a millionaire in the months or years to come? Shibarium will decide the future of Shib. Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. And in those terms, it's been highly successful. 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. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. Keep this information in mind as you make investment decisions. 7 Best . However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. Its current circulating supply is about 550 trillion tokens. Shibarium is the layer-2 blockchain being developed by the Shiba Inu developers. Who knows when Bitcoin was $1, it could go to $69,000. However, the forecast accuracy is likely to be low to moderate. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. And the more accessible the coin is for traders, the more likely it is to be bought and sold, particularly if there's already a spotlight shining down on it. As for Shiba Inu specifically, the crypto faces the problem of limited uses, as mentioned above, and an even bigger problem that could hold it back from significant gains. Shiba Inu has had some positive developments in 2023, including the launch of the Metaverse platform. 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. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. Latvian Parliament declares Russia a "country sponsoring terrorism". This region, highlighted in the yellow band, has been reinforced by the 50-day EMA and the 200 . However, due to the general decline of the crypto-currency market, this did not happen. 5 to 16. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. However, due to the general decline of the crypto market, that hasnt come to pass. This ostensibly helps push prices higher. The current forecast suggests it will take 25 years to reach this level. Shiba Inu has one of the largest crypto communities. /* load placement for account: Money Map Press, By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. And it only gets worse for Shiba Token. As of now, there are 395 trillion SHIB coins in circulation for a market cap of $10 billion. We concede that this answer could change dramatically in the future. Shiba Inu coin is not a Scam. 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. In addition, its an Ethereum-based token, referred to as ERC20. Cryptocurrency is a speculative game in which nothing can be predicted with certainty. Shiba Inu's coin supply totals 549 trillion. Shib Price Prediction for 2022 Looking at the above data and combining it with an active burn program, it is not unrealistic to expect Shiba Inu also to rise 646 times. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. That is a staggeringly small number in the grand scheme of things. Required fields are marked *. then it can pump like a rocket, and it canbe a huge opportunity for the holders. Must Read How to do Fundamental Analysis On Crypto Projects. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. However, trading experts believe that all joke cryptos will die out and be replaced by more prominent cryptos in the market. It may not even reach one cent. Read our disclaimer to learn more. In fact, it is still very unlikely, but it is theoretically possible. Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. 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.". Home. So today, its uses are limited. Core DAO Mainnet Review: Is It the Future of Blockchain? Will Shiba Inu reach 1 cent? Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. The biggest risks are government regulation, poor execution of Shiba Inu plans, and general deterioration in the macroeconomy. Generally, the burning mechanism for SHIB depends on its usage. Many people think of Shiba Inu as an alternative to Dogecoin. But a post on social media by Shiba Inu's lead developer prompted Shiba Inu watchers to speculate about a launch as early as next week. The community must also hold together during this period. The Bollinger bands are forming a wide range in the price graph, signaling a consolidated zone for Shiba Inu. Your email address will not be published. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. About Us; Staff; Camps; Scuba. 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. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. Metaverse Tokens Social Media Sentiment Live. Will Shiba Inu reach 50 Cents? How Can I Benefit From Investing In Crypto? Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. When you go to various chat forums or see many Youtube videos about Shiba Inu coins, the most common question that people ask is, Will Shiba Inu coin reach 50 cents?, While many claim it will, the answer is quite the opposite. Not long after, SHIB started a steady climb upward. But this would require burning a significant amount of the token for the price to rise to 1 dollar. 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. Coingate, Bugatti, and VISA are some of the companies Shiba Inu has partnered with to expand its reach. Let's find out. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Also, developing more utility for the Shiba Inu coin will help its value. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Considered one of the best shitcoins, Shiba Inu was launched on August 1, 2020. Can Shiba Inu's Valuation Hit $10 Billion in 2023? For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. This could make Shiba Inu one of the main cryptos to explode in 2023. By the end of this article, you should have a good understanding of these topics. .setZone(136136); Therefore, if you invest $100 now in SHIB tokens, you can expect to earn $914 in the future. Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. 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". Whales have played a significant role in boosting the price of Shiba Inu in the past. Investors were looking for the next big crypto star. Investors are expecting the SHIB price to touch $0.5 sooner or later. Will Shiba Inu reach 1 cent 2025? All of these developments will improve the functionality of Shiba Inu and may increase its price. Save my name, email, and website in this browser for the next time I comment. And that's Shiba Inu's biggest problem. However, its total supply is 1 Quadrillion coins. Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. Investors are advised to do their own research and conduct expert opinions before investing in a volatile meme coin like Shiba Inu. To make the world smarter, happier, and richer. With less than $7.50, you could own a million of them. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Further, the regulatory environment should be favorable and not restrictive. 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. Ultimate Guide to Become A Crypto Community Manager 2023. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Adria Cimino has positions in Ethereum. However, Bitcoin has strong fundamentals. Instead, you're better off investing in a variety of solid stocks and strong cryptocurrencies that stand out from the crowd. Thus, the meme token could defy SHIBs price predictions and reach 1 cent sooner than expected. His coin gained a very huge marketcap because of hype without having the actual product. DoggyDAO, a decentralized autonomous organization, also shows potential. size: 550x425 - 550 x 425 */ 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. 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]. But some sources say Shibarium beta could launch as soon as next week. Instead, this is due to several features unique to the token. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 2021. The Motley Fool has positions in and recommends Ethereum. 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. It might be difficult to do. Invest better with The Motley Fool. Our experts who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. 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. 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. *using 550 trillion SHIB in circulation as a base. However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. 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. the Shiba Inu can reach anywhere from 15. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. The popular meme token soared about 45,000,000% back in 2021. Again, as with the $1 price milestone earlier in the article, the short answer to whether the Shiba Inu coin can reach 50 cents is no. zone: Popup - MM, 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. This could be similar to the run of Dogecoin itself. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. All rights reserved by Redhatmedia. Even 5 years is too long in crypto. 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