The token was presented as an alternative to Dogecoin, and was sometimes referred to as the Dogecoin killer. The record price represents a near doubling of the value of the Shiba. When the clock struck midnight on Jan. 1, 2021, investors had the opportunity to scoop up SHIB coins for just $0.000000000073. 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. Manage Settings Shiba Inu is a decentralized cryptocurrency that was launched in August 2021. It does not make any logical sense that SHIBs market cap can be 54 times more than that of Bitcoin, 100 times more than Ethereum, 27 times more than Apple, 2.5 times more than US GDP, or half of the World GDP. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. 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. Like many altcoins, Shiba . Shibaswap, the ecosystems native DEX, can be utilized by stockholders to exchange tokens, take part in governance, create passive income, and buy NFTs. It's certainly not impossible; but it'll need a lot of help to get there. 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. eToro have proven themselves trustworthy within the crypto industry over many years we recommend you try them out. Will Shiba Inu prices rise again? However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record, Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit, How to Buy Decred (DRC) in 2021 [Step-by-Step Buyers Guide]. The will shiba inu reach $1 cent in 2022 is a question that many are asking. The most you can do with SHIB tokens is transfer them from one wallet to another. SHIBA INU recorded 15 green days in the last 30 days. This News Confirms. Many publications, YouTube videos, and forum postings say that Shiba Inu (SHIB) cryptocurrency can or will reach a value of $0.10. Why the sudden change of heart, though? As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. CryptoTicker announces its first NFT Collection How to participate? And that doesn't weigh in Shiba Inu's favor. Nimiq (NIM) Coin Price Prediction 2023, 2025, 2030, 2040, 2050, Xswap (XSP) Coin Price Prediction 2020, 2021, 2025, 2030, Pi Network Price Prediction 2023, 2025, 2030, 2040, 2050, Bittorrent (BTT) Coin Price Prediction 2023, 2024, 2025, 2030, 2050, Cardano (Ada) Price Prediction 2023, 2025, 2030, 2040, 2050, Bitcoin SV (BSV) Price Prediction 2023, 2024, 2025, 2030, 2050, Maker (MKR) Price Prediction 2023, 2025, 2030, 2040, 2050. What are Shiba Inu coin price predictions for 2040 and 2050? Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. So it is essential to research any cryptocurrency before you decide to invest in it. It's somewhat similar to a publicly traded company enacting a stock buyback. You also have to look at its massive maximum token supply. Click here to get a 10% discount on your first payment (monthly or yearly)! Buterin also sent 40% of Shiba Inu's total supply to a "dead wallet", which is also referred to as burning, according to Shiba Inu's website. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. 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. At the moment, no one believes that Shiba Inu will reach $10 in the near future, and certainly, no one believes it will reach $100 in our lifetime. As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. 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. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. Nevertheless, rumors have been swirling on social media that this public test is coming relatively soon. Here are 3 Cryptos to Buy in March 2023. While it might be difficult to decipher with so many zeroes following its decimal point, Shiba Inu gained an almost unfathomable 121,109,489% in under 10 months. From there, ADA should rebound higher as what happened previously. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. It could even take years of sustained positive performance for that to happen. This could make Shiba Inu one of the leading cryptos to explode in 2023. The price of Shiba Inu has fallen from its weekly high and is currently holding at $0.00000917, and a break above that level is necessary to maintain the uptrend and reach highs above $0.00001. While the answer to will Shiba Inu reach 1 dollar is likely a "No," the possibility of the coin reaching 1 cent is much higher than $1 dollar of 50 cents. So many factors stand in the face of the ERC-20 only token, blocking and preventing it from reaching a $10 valuation in the foreseeable future. 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. This was a reach even in the bull market, and is extremely unlikely now. With momentum playing such a key role for digital currencies, the fear of missing out (FOMO) would be important. The Answer might SHOCK You! For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . SHIB. The global GDP is estimated to be over $80 trillion. We answer this question, explore the reasons why experts believe SHIB token prices will rise in the next few months, reasons it wont reach $10 and their Shiba Inu price prediction for 2026 hereinbelow. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. And it's climbed more than 44,000,000% this year. The Big Ripple Price Prediction for 2023 How high can the XRP price go in 2023? 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. Shibarium would change all of that, with operations moving on to this separate network. Before 2021, its trading volume was extremely low, less than $1,000 on most days. The next time someone tells you SHIB is going to 10 cents soon, they are effectively arguing that all 7.8 billion people on Earth are about to pour their cash and savings into SHIB. The hype surrounding Shiba Inu ( SHIB) is still there amid ongoing discussions on whether it faded away or not due to recent on-chain metrics. As of writing, SHIB's price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? So today, its uses are limited. Thousands of mining machines (rigs) are used by independent miners across the globe to keep the network functioning. SHIBs entire market value will be $54.9 trillion at a $0.10 valuation, which is 2.5 times more than US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple Inc. (AAPL), and 55 times more than Teslas (TSLA) market cap. On the flip side, there are many who . 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. 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, Copyright, Trademark and Patent Information. SHIB/USD eight-hour chart. More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. This is impractical. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. To make the world smarter, happier, and richer. On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. 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. 6% of every transaction is redistributed to all holders of Surge Inu, Surge Inu promises to buy SHIB and $SURGE at any major market cap milestone and burn the supply. The Motley Fool has positions in and recommends Ethereum. Here's why. This is a fancy way of saying it's just a payment coin -- and there are countless digital currencies that could be used as a payment tool. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; As an investor, we have to be impassioned. The currency will be used to pay for items on doggi.shop, which sells all sorts of handmade products from traditional Japanese crafts such as gifts and stationary to modern designs like bags and jewelry made with Shib coins themselves. Shiba already beat top utility token that include Avalanche, Chainlink, Litecoin, Polygon and more. Why is this such a big deal? At a $0.01 valuation, the total market cap of SHIB will be $5.89 Trillion, which is 5 times more than Bitcoin, 10 times more than Ethereum, and 3 times more than Apple (AAPL), and 5 times more than Tesla (TSLA) market cap. That's unlikely to happen. At the moment, no one believes that Shiba Inu will reach $10 in the near future, and certainly, no one believes it will reach $100 in our lifetime. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. In today's episode, I discuss when Shiba Inu Coin will reach a penny! At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. Key among them is its incredibly high maximum token supply, its clear lack of intrinsic value (real or perceived), and an apparent lack of clear goal - it currently focuses on beating Dogecoin and not creating value or growing Shiba into a technologically advanced ecosystem. Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. Today, it would have to rise a lot less - by about 2,000,000% to reach the $1 mark. The more it is used for transactions, the higher the burn rate. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. The reason is Shiba Inu belongs to a controversial niche with no real use-case. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. So, it is possible for Shiba Inu also to reach 1 cent. Shiba 2023 Price Prediction in INR: Shib is predicted to touch 0.0025 by the end of 2023. After learning about Shiba Inu you will better understand is Shiba Inu a good investment for long term? The United States entire Gross Domestic Product (GDP) is about $20 trillion, whereas Chinas GDP is roughly $14 trillion, according to the Federal Government. The Shiba Inu coin, similar to Dogecoin, is a meme-based cryptocurrency that was created in August 2020 by an anonymous person (or a group of people) who go by Ryoshi. While the coin first dipped by over 94% in its first year of trading, the price of Shiba Inu exploded in 2021, recording a massive 43,220,000% growth and hitting an all-time high of $0.00008819 in October 2021. However, the bigger issue for Shiba Inu is that it's unable to differentiate itself from more than 22,000 other cryptocurrency projects. It is to outpace Dogecoin and beat its market capitalisation even if the SHIB token prices remain under a penny. Heres a table that shows the market cap of various popular stocks and metals in the world. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. Even though weve hopefully demonstrated that you shouldnt expect SHIB to ever reach 1 cent, that doesnt mean that there isnt any potential upside for Shiba Inu. the 1-month volatility of the coin is at 5.26. According to our SHIBA INU price prediction, SHIB is expected to reach a price of $ 0.000016 by Mar 07, 2023. But over the past decade, cryptocurrencies have turned this traditional moneymaking strategy on its head. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? 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. Named after the quirky breed of Japanese hunting dogs, Shiba Inu Coin ( SHIB-USD) has surged from $3 billion in market cap to over $30 billion in the span of a few weeks. Learn More. It's simply a token that runs on the Ethereum network. Before we get started, however, lets take a brief look at the story of the Shiba Inu project and its journey towards the top of the crypto markets. A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. Input your search keywords and press Enter. So, should you buy Shiba Inu while it's trading well below $0.01? The first lower target will be sliding below the support price of $0.35. But verily, it's foolish to think of Shiba Inu coin's worth $0.01, $0.10, $1 by 2025. Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. Shytoshi Kusama, the developer, tweeted on December 24 that Shibarium is nearly impossible to show up before the end of the year due to the holiday periods.