. Here are the steps to buying Shiba Inu crypto: Shiba Inu Coin is one of the most popular cryptocurrencies therefore most of the exchanges have listed Shiba Inu for trade. But more than that is needed to reach $1 due to its humongous supply. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Conflux Price Prediction 2023-30: Will CFX reach $100? Back in May 2021, the crypto-trading juggernaut Binance listed SHIB and Elon Musk tweeted about DOGE. They are constantly creating more and more SHIB, so the supply is always rising. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. At 1 Cent, Shiba Inus market cap would be $5.6 Trillion. But the important thing to note is that SHIB has become more accessible. The reason is Shiba Inu belongs to a controversial niche with no real use-case. 2021. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. Development plans are critical to Shiba Inus growth. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. Shiba Inu developers are about to launch Shibarium. Read our disclaimer to learn more. Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. Learning how to invest $100 make $1000 a day is better. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. However, its total supply is 1 Quadrillion coins. Stacks Price Prediction 2023: Will STX reach $100? ALPINE ESPORTS SIGNS QANPLATFORM AS ITS OFFICIAL BLOCKCHAIN PARTNER TO SUPPORT FAN ENGAGEMENT, TEAM PERFORMANCE AND OPERATIONS, Metacade presale stage 5 selling out as strategic partnership with MEXC is confirmed, Institutional Pipe Investor With $2bn In Executed Financing Commitments Launches Digital Asset Investment Firm, Coinmash Acquires Augur Dispute Crowdsourcer Domain dispute.tools. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. While Dogecoin was created as a joke by two software engineers back in 2013 based on that meme, Shiba Inu Coin (or Shiba Token) was based off Dogecoin. Even after investors burned billions of Shiba Inu tokens, its price didnt change much. Therefore, there is no chance of Shib hitting a penny by 2030. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. Shib burn can help boost the tokens price. The more it is used for transactions, the higher the burn rate. 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. Even this won't guarantee millions. Similarly, the total trading volumes dropped more than . According to our Shiba Inu technical analysis, it has been on a bearish trend since the crypto market crash in May, which plunged several cryptocurrencies to the bottom level in price. The Motley Fool has positions in and recommends Ethereum. The 2022 decline is not the reason why the Shiba Inu coin will probably not reach $1. Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. It is financially illogical and mathematically impossible for the Shiba Inu coin to reach $1, so we cannot help but burn the token supply. We will concede that this answer could change dramatically in the future. The Motley Fool has a disclosure policy. However, the forecast accuracy is likely to be low to moderate. Read Here, Before we do the simulation, here are some facts. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. Can Fetch.ai reach $10, $100? Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. Shib Price Prediction for 2022 There's not enough money even in the entire world that can propel SHIB's price to 50 cents. Is Telcoin A Good Investment? This is because this cryptocurrency was introduced as a joke. The Bollinger bands are forming a wide range in the price graph, signaling a consolidated zone for Shiba Inu. Shiba Inu Holder Transfers SHIB from Wallet to Exchanges: It is reported that Shiba Inu investor holding a huge number of SHIB token in Wallet 0xd6 has transferred around 182 billion shiba inu tokens to Crypto exchanges Gemini andCrypto.com. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. Save my name, email, and website in this browser for the next time I comment. It's always traded at a fraction of a cent -- and for good reason. For that reason, Shiba Inu is still in the right environment to rebound and 'eat' one zero to trade above $0.0001 in the coming weeks. That's when it soared a mind-boggling 45,000,000%. This could be similar to the run of Dogecoin itself. February 27, 2023 alexandra bonefas scott No Comments . The Motley Fool has positions in and recommends Ethereum. If you are a beginner or non-technical person and dont know, Do you want to make money with cryptocurrency in 2023? A combination of these factors, along with positive market conditions, can lead to Shiba Inu achieving its price target. *Average returns of all recommendations since inception. It's hard to say if it will ever break $1. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. Making the world smarter, happier, and richer. This solution, Shibarium, should strengthen this popular meme token and could boost its value. Protected by copyright of the United States and international treaties. Although the answer to the question Will Shiba Inu reach $1? or probably not, the possibility of the coin reaching 1 cent is much higher than 1 dollar or 50 cents. 2023 CryptoGlobally, The Core Dao Mainnet is now live and available for use, marking a significant milestone in the development of blockchain technology., Do you want to use the Free Crypto Tax Calculator, the best crypto tax software for various countries including the United, Explore the exciting world of cryptocurrency and earn a competitive salary as a Crypto Community Manager. It would be worth more than the entire cryptocurrency market today. Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . Yes, we believe Shiba Inu can reach 0.0001 dollars in the next 11 years. This is a huge difference from its 2021 lows of $0.00000516 and . Shiba Inus journey towards reaching 1 cent can be categorized into four main areas macroeconomic factors, development plans, partnerships and community, and Shiba Inu burn and whale action. What is digital real estate and is it worth investing in? These exchanges do not list any scam projects. It could even take years of sustained positive performance for that to happen. 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. site: MoneyMorning.com, Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. By the end of this article, you should have a good understanding of these topics. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. In fact, it is still very unlikely, but it is theoretically possible. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. Even 5 years is too long in crypto. 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. Can Shiba can hit 1 cent is dependent on numerous factors that are works in progress. Dubbed the Dogecoin-killer, Shiba Inu may be an excellent investment option if considered for a long-term investment plan as it has fetched over 1000% return since October 2021. Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. There is a significant possibility that Shiba Inu will hit 1 cent. The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. 5 inches tall at the withers (between the shoulders blades), making them a . The EMA-100 and EMA-200 are trading in bullish territory, hinting at a further upward momentum for Shiba Inu. The only significant difference was the creator built Shiba Inu on the Ethereum network. Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. Read This. However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent. Polkadot Price Prediction Today. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. And in those terms, it's been highly successful. The coin has traded . SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. When the Shiba Inu Metaverse lands become popular, the price of the Shiba Inu coin will rise to an all-time high. People who bought Bitcoin at $1 had no idea it could rise to $69,000. 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. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. Its meteoric rise has prompted many to speculate whether it could rise even higher. We use cookies to ensure that we give you the best experience on our website. Your email address will not be published. While the cryptocurrency market is highly volatile and often unpredictable, SHIB is still a relatively new coin and has not yet established a consistent track record of growth. Investors also can stake their holdings to generate passive income. There's also a bit of the past repeating itself at play here. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. However, price predictions are not set in stone, as market conditions can change radically. The more it is used for transactions, the higher the burn rate. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. In addition to the golden cross, Shiba Inu price seems ready to uphold confluence support around $0.00001210. 29%. The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. The biggest problem with the Shiba Inu Project is its lack of practicality. 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. 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