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. A single SHIB coin is . Investors were looking for the next big crypto star. It is less likely that Cardano will crash lower than $0.30. Or you can invest in Shiba Inu or stake your holdings to earn passive income. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. And it's climbed more than 44,000,000% this year. With momentum playing such a key role for digital currencies, the fear of missing out (FOMO) would be important. This could be similar to the run of Dogecoin itself. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. 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. The United States entire Gross Domestic Product (GDP) is about $20 trillion, whereas Chinas GDP is roughly $14 trillion, according to the Federal Government. After learning about Shiba Inu you will better understand is Shiba Inu a good investment for long term? The coin reached a high of $0.00003018 back in April. Let's take a closer look. 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). Overall, the Shiba Inu price was lower after the crash than it had been earlier. Is Shiba Inu Price BULLISH? The Answer might SHOCK You! From the above chart, we see that for SHIB to reach 10 cents, the total market cap of Shiba Inu has to be 549 Trillion x $0.10 = $54.9 Trillion. Shiba Inu is nothing but Japanese Dog breed started as meme coin and now become biggest investment in crypto world. Shiba Inu Price At Pivotal Point, Only 352 Million SHIB Burned In Meme coins, in particular, had to accept even greater losses. SHIB is trading up 29% to $0.00001037 at the time of writing. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. Shiba Inu Cryptocurrency Is a Dog That Just Won't Hunt We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. Just like the broader crypto market, the Shiba Inu (SHIB) price is currently at a crucial turning point from a technical chart analysis. In August 2020, when Shiba Inu made its debut, it was one of thousands of nondescript tokens looking to make a name for itself in the digital currency space. Most crypto players offer the exact same things. How will Shiba Inu Perform in Q1 of 2023? However, credit must be given where credit is due. Will Shiba Inu Reach $1 or 50 cents? SHIB Price Prediction, 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. SHIBA INU recorded 15 green days in the last 30 days. Response from investor and real user are unreal because it giving tough competition to dogecoin community in term of voting. *Average returns of all recommendations since inception. Is it expected to reach $10 or more in the next five years? Making the world smarter, happier, and richer. Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. The purpose of Shibarium is to drastically reduce transaction fees. SHIB was largely unknown for about half a year after it was created. Its why Bitcoin is the largest cryptocurrency. Shiba Inu (SHIB) Coin Price Prediction: Can It Reach 1 Cent? Its absurd that the total market cap of SHIB will be more than Bitcoin, Ethereum, Apple, Tesla, and other valuable companies when SHIB is nothing but an Ethereum based ERC20 token. If youre interested, check out our list of the meme coins that could be the next to explode. Is SHIBA INU even Alive? There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. In order for SHIB to hit $0.001, the development, public test, and launch of Shibarium would have needed flawless execution. Developers delayed the launch of Shibarium more than once last year. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. This is a Layer 2 solution that could solve some of Shiba Inu's problems. Even though many crypto investors dismiss meme coins outright, the fact remains that SHIB is the 13th largest crypto asset by market capitalization, surpassing the likes of Litecoin, Polkadot and TRON. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . Crawl With The Crypto Top-Dogs Or Get Crawled Over: Dogecoin, Shiba Inu Currently trading at $0.000020, the Dogecoin Killer will need to grow its value by 18 Million percent if it is to reach this target price. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. Its meteoric rise has made many speculate whether it could even rise higher. For more than a century, the stock market has been one of the greatest wealth creators on the planet. At its all-time high, SHIB had a market capitalization of $43 billion. Shiba Inu was launched in August 2020 without much fanfare. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . And there is never an accurate answer to the price action and direction that Shiba Inu, or any other cryptocurrency for that matter, will take in the future. $1 means almost 1803651% up from price $0.00005544 USD. 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. Instead, this is due to several features unique to the token. Shiba Inu (SHIB) will never reach $0.01 or 1 cent because it is financially absurd and illogical. 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. Massive Coin Burn Will Lift the Shiba Inu Price - InvestorPlace 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. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; Shiba Price Prediction - Does This Meme Coins Struggle for Direction This does not mean it is a certainty. Shiba Inu coin: What experts say about the 'Dogecoin' killer hype - Fortune From our experience, we can confidently say, the long-term success of a cryptocurrency largely depends on technology and community. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. This is impractical. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. 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. Shiba Inu Price Prediction: SHIB/USD Weekly chart showing the price GoCharting. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! CryptoTicker announces its first NFT Collection How to participate? Cryptoasset investing is highly volatile and unregulated in some EU countries. Shiba Inu coin has landed on the tally of the top 10 tokens purchased by the biggest whales in the last 24 hours. pic.twitter.com/zQRoOuL9oW. 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. So, will Shiba Inu reach 1 cent? In 2015, Dogecoin was also worth $0.00008690. Before 2021, its trading volume was extremely low, less than $1,000 on most days. This Meme Coin PUMPED 50% in the past 24 hoursWill it continue to Grow? Currently trading at $0.000020, the, For starters, it has no real value. Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. 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. Crypto asset investing is highly volatile and unregulated in some EU countries. There you have it, Shiba Inus goal is not to reach $10 or even $1. Being an emotional investor will cloud our judgment and will lead us to make terrible money decisions. Shiba Inu Price Prediction Shib Price is Up, Will it Continue to Climb? (. So, if the market cap of Shiba Inu would be so outlandish if SHIB reached $1 or even $0.01, why do we see people mentioning these price targets so often on social media platforms? It's always traded at a fraction of a cent -- and for good reason. Now coming back to topic, as our platform suggested different prediction for Shiba Coin, as being one of the small investors of Shiba most of you wanted to know what is next target for Shiba in coming months or year. What will Shiba Inu coin be worth? (Don't be Upset) - Cryptooof Lets compare this market cap with other financial instruments and determine whether it makes sense or not. In today's episode, I discuss when Shiba Inu Coin will reach a penny! 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 cryptocurrency was made as a joke in the likeness of the dog breed Shiba Inu. Can Shiba Inu Coin Reach the Magical 1 Cent Mark? Shiba Inu Coin Price Prediction 2040 & 2050: Can it Explode? SHIB can be transformed into a utility token by minimizing its supply in distribution. Shiba Inus biggest catalyst yet may be days away. Many articles, YouTube videos, and forum posts claim Shiba Inu (SHIB) crypto can or have the potential to reach $0.10 in value. 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. Top 10 Meme Coins That Could Skyrocket In 2023. The only significant difference was the creator built Shiba Inu on the Ethereum network. Shiba token burning program protocol has changed, as initially token was transferred to Ethereum founder wallet. In contrast to Dogecoin, which has its own blockchain, SHIB is issued on the Ethereum blockchain. Each offers distinct ways for stockholders to raise their investment return. But will the gains last and help lift Shiba Inu to $0.01? Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. 1/2 ? According to our SHIBA INU price prediction, SHIB is expected to reach a price of $ 0.000016 by Mar 07, 2023. 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. However, the SHIB burn could still contribute to making SHIB a good investment. If youre a speculator, you can sometimes leverage this to your advantage. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. The crypto market always moves step by step with a full of context. SHIB. 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 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The Shiba Inu team is working on key products like Shibarium, and SHIB is positioned well thanks to numerous crypto exchange listings. Please invest wisely. All these developments will improve Shiba Inu's functionality and could boost its price. But not a single price prediction we have come across shows the possibility of SHIB tokens selling for $10 any time soon. The current price of Shiba Inu is $0.000012, and the 24-hour trading volume is $171 billion. Can Shiba Inu Token Reach 1 Cent, $0.1 $1, $10 USD? It could even take years of sustained positive performance for that to happen. In reality, you shouldnt be looking at a coin or tokens price per unit when trying to see if it is undervalued or overvalued. The answer to this question is no, it will not reach 10 cents. Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. In other words, it removes coins from the circulating supply and, in theory, makes each remaining token that much more valuable. Will Shiba Inu coin reach $1? First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Here are 3 Cryptos to Buy in March 2023. In this context, the factors of project niche, marketcap, revolution, and innovations are significant. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. Following the massive drop, the price has gradually returned to normal. Are you lookingfor a chart analysis toolthat doesnt distract you with community messages and other noise? Most probably between end of 2024 or even start of 2025. However, SHIB was not spared during the cryptocurrency bear market of 2022. Did Gareth Soloway Predict a $0.10 Cent Shiba Inu Coin By 2023? Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023? Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. However, SHIB is an ERC20 token-based cryptocurrency. Invest better with The Motley Fool. Shiba Inu Price Prediction: SHIB is Set To Explode? The Numbers are IN! Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. This could drive the SHIB price to 1$. Please make cautious investments. 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. All of this means Shiba Inu doesn't stand out from the competition. *Average returns of all recommendations since inception. 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. When Shiba Inu Will Reach 1 Cent - Extrapolating Data serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn ? Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. That would be a 1000% plus increase from where the Shib coin is at now, which might sound like a good opportunity to invest. 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. 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). Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. Instead, you should be considering the coin or tokens market capitalization, as thats what will actually allow you to get an idea of how it compares to other crypto assets in terms of size. According to CoinMarketCap, there are currently 549 Trillion SHIB coins in circulation. 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. 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. Right now, Shiba Inu trades for a fraction of a cent. Shiba Inu is of course not the only contender in the meme coin sector. It is not only the first but also the most popular cryptocurrency in the world. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. And that doesn't weigh in Shiba Inu's favor. So it is essential to research any cryptocurrency before you decide to invest in it. Shibarium will also use five utility tokens to meet its objectives SHIB, BONE, LEASH, TREAT, and SHI. Shib coin is selling for about $0.0000085 per coin with a market value of $3.4 billion, so there's still plenty of time to grow. On the other hand, SHIB does not create any product; its a currency. Burning the SHIB token is a way to reduce the total supply. Though it has a loyal following on social media, people cheering in the stands doesn't change the fact that Shiba Inu offers no competitive advantages.
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