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Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. Today, it would have to rise a lot less - by about 2,000,000% to reach the $1 mark. In this article, we look at 3 cryptos to buy , Is it still worthwhile to invest in Solana after the FTX scandal and the recent crashes? Its why theyre a multibillion-dollar corporation. First, the recent crypto shock took the market by surprise and threw it into disarray. In today's episode, I discuss when Shiba Inu Coin will reach a penny! However, the SHIB burn could still contribute to making SHIB a good investment. . expected after 2030. Its not only the pioneer but also has the most prominent crypto following in the world. Learn More. 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. The Shiba Inu Coin will be released on the 27th of October, so its possible that the price could go up to 10 cents. That's unlikely to happen. This Meme Coin PUMPED 50% in the past 24 hoursWill it continue to Grow? This is a major development because the primary criticism directed at Ethereum is its increased gas fees and low latency functionality. That would be a near 620% increase from where the Shib coin is . This 40% increase was substantially greater than the rises noticed by other altcoins during this period. 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. The Big Ripple Price Prediction for 2023 How high can the XRP price go in 2023? In this article, well be tackling the question of whether its possible for SHIB to hit a penny. When the clock struck midnight on Jan. 1, 2021, investors had the opportunity to scoop up SHIB coins for just $0.000000000073. Shiba Inu Price Prediction: SHIB is Set To Explode? Adria Cimino has positions in Ethereum. Can Shiba Inu reach 1 cent? In 2015, Dogecoin was also worth $0.00008690. Platform has 3 active product that include Shibaswap, leash and Bone token. SHIB is determined to transform into a comprehensive ecosystem with a metaverse and blockchain games, with the incipient liftoff of Shibarium, a Layer 2 solution that will facilitate faster transactions and lower gas expenses. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? The consent submitted will only be used for data processing originating from this website. As of writing, SHIB's price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. *Average returns of all recommendations since inception. Like most other cryptocurrencies, Shiba Inu was greatly affected by the crypto market shock in December last year, which saw Shiba Inu fall off a month-long price rally prematurely and plunge to the current level of relatively low prices. The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Cardano Price Prediction How High can Cardano reach by 2030? The coin has also benefited from the recent resurgence of interest in cryptocurrencies, as more people seek to diversify their portfolios and take advantage of the potential for high returns. How high can Solana go? On the Ethereum network, SHIB is a monetary token. Check outGoCharting! These cryptos have a mining system. 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. 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. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. Further, Shibarium's launch was widely expected last year. The crypto is on the rise this year, with a gain of 64% so far. On October 29, 2021, Shiba Inu's price increased by more than 10 times, giving the company a $41 billion market value. Most probably between end of 2024 or even start of 2025. According to Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. In September, 1.5 million people searched for "Shiba Inu coin," believe it or not. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. If these products are widely adopted, they could serve as a catalyst for the price of SHIB to move higher and make it one of the best cryptos to buy. 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. As of writing, Shiba is unstoppable as it setting new all-time high record with time following positive news. The current price of Shiba Inu is $0.000012, and the 24-hour trading volume is $171 billion. Top 10 Meme Coins That Could Skyrocket In 2023. Shiba Inu coin has landed on the tally of the top 10 tokens purchased by the biggest whales in the last 24 hours. Shiba Inu developers are about to launch Shibarium. Dogecoin was developed in 2013 as a comical spin on the then-emerging trend of cryptocurrencies - whereas Shiba Inu was developed in 2021 as a "meme coin" that was a rival to Dogecoin. Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. Bitcoin, Dogecoin is a standalone cryptocurrency. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. However, SHIB is an ERC20 token-based cryptocurrency. Invest better with The Motley Fool. In July 2021, Buterin donated 50 trillion SHIB coins, which represented 5% of its total supply, to India's Covid-19 relief fund. Several factors contributed to this. In other words, it removes coins from the circulating supply and, in theory, makes each remaining token that much more valuable. The. Crypto experts are optimistic that the price of Shiba will further increase in 2022. At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. Shiba Inu's coin supply totals 549 trillion. The Next Shib? The rally has led its market-cap to hit the $15.5 billion mark, putting it back in the top 15 cryptos in terms of market-cap. 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. But more than that is needed to reach $1 due to its humongous supply. Shiba currently based on Ethereum blockchain and it currently have no big utility apart from NFT and community. The token was presented as an alternative to Dogecoin, and was sometimes referred to as the Dogecoin killer. 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). However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. No consumer protection. Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. Sean Williams has no position in any of the stocks mentioned. At a $0.10 valuation, the total market cap of SHIB will be $54.9 Trillion, which is 2.5 times of US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple (AAPL), and 55 times more than Tesla (TSLA) market cap. What would it take for. I don't think so. 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. Shiba Inu: A Brief Overview. The total maximum supply of Shiba Inu tokens is 1 quadrillion. Cost basis and return based on previous market day close. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. Many articles, YouTube videos, and forum posts claim Shiba Inu (SHIB) crypto can or have the potential to reach $0.10 in value. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. But over the past decade, cryptocurrencies have turned this traditional moneymaking strategy on its head. As investors, we must be passionate about our investments. Finally, if Shiba Inu were to reach $0.001, it would have a market value of nearly $550 billion. And while the pressure on Bitcoin - which was the epicentre of the shock - has cooled down. 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. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. Here's why. In short, Shiba Inu (SHIB) will never hit $0.10 or 10 cents. From there, ADA should rebound higher as what happened previously. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Expert analysis as token SURGES by 164% SHIBA INU has risen by more than 164 percent in a week showing bearish dominance in the market while dogecoin prices. 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. Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. This could really drive the SHIB price in 2023. $1 means almost 1803651% up from price $0.00005544 USD. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. Over the past 24 hours, Shiba Inu has experienced a decline of 0.12%. What is theShiba Inu price prediction, and is the SHIBA Inu on track to reach $1 soon? Upcoming developments. 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. Each offers distinct ways for stockholders to raise their investment return. In fact, it is still very unlikely, but it is theoretically possible. This price represents a 5% fall in 24 hours, a 13% loss in a week and a 3.5% decline in the last 30 days, with the meme token unable to escape the wider market's problems. A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. According to the US government, the country collects $4 trillion in taxes each year. More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years. 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. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Not only are these games a lead-in to future metaverse ambitions, but they're expected to fuel a marketplace where NFTs can be bought and sold. Dogecoins massive price increase in the early part of 2021 led crypto speculators to look for the next Dogecoin, and the market settled on Shiba Inu as the best candidate. However, this doesnt mean that its impossible for the SHIB price to grow. The most you can do with SHIB tokens is transfer them from one wallet to another. For those of you keeping score at home, this sort of return allows for an investor to double their money, on average, about once every seven years. Shibarium Update ? Therefore, the SHIB coin is not something new. Or you can invest in Shiba Inu or stake your holdings to earn passive income. First, a little background on Shiba Inu's path so far. Gaming doesn't look as if it's going to differentiate Shiba Inu, either. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. The reason is Shiba Inu belongs to a controversial niche with no real use-case. The price of SHIB soared from 0.00001 to 0.000014 US dollars. 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). To reach $0.10 shib would need to be 10trillion, aka the most valuable asset in history. In the best-case scenario, it projects that SHIB's price could reach $0.000270 by February 2024, accounting for the technical analysis data aggregated on February 6th. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. 1$ SHIB Price Possible? This was a reach even in the bull market, and is extremely unlikely now. The following are the advantages: While most crypto users are already aware of SHIBs meme token, it is trying to expand beyond its preliminary public image, with a rising community that includes a DEX, NFT, and a game influenced by Shiba Inu. $1 means almost 1803651% up from price $0.00005544 USD. Let's take a closer look. Will Shiba Inu Reach $1 USD? Shiba Inu was launched in August 2020 without much fanfare. Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023? In recent weeks, theShiba Inu coinhas seen significant price fluctuations. Will Shiba Inu Reach $1 or 50 cents? Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. That is the reason why, unlike Dogecoin that has a clear mission of reaching $1, these developers only aim is to beat Dogecoins market cap. Following the massive drop, the price has gradually returned to normal. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. According to CoinMarketCap, there are currently 549 Trillion SHIB coins in circulation. This question seems to come up on social media multiple times per day. SHIB has begun offering NFTs named "Shiboshis" that cost 10,000 Shiba Inu coins which will help burn additional circulating supply. Shiba Inu runs on a decentralized computer system with a blockchain database. Learn More. The reason is what we like to call the cheap coin fallacy.