For more context on why its so unlikely anything could boost SHIB to a penny, lets take the example of Bitcoin. As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. This sparked a cryptocurrency rally. This is an easy to use online charting tool that requires no downloads or prior knowledge. Chipotles first investment in bitcoin Microsoft is a company that specializes in (MSFT), Amazon is a company that sells books (AMZN), The Total Market Capitalization of the Worlds Stock Exchanges. Of course, Shiba Inu going to 1 dollar is an even more unrealistic scenario. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. https://twitter.com/ShytoshiKusama/status/1606678505378430980?s=20&t=FyxMz9Yn5vBSoJcau8-cDw, Now, the Shibarium layer-2 blockchain will be launched soon, according to one of the projects lead programmers on Twitter. Response from investor and real user are unreal because it giving tough competition to dogecoin community in term of voting. Additionally, transaction fees can soar during these periods of congestion. 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 will shiba inu reach $1 cent in 2022 is a question that many are asking. With an estimated 549 trillion SHIB coins still in circulation, per CoinMarketCap.com, a big burn event would be needed to pump up the value of each remaining token. As a result, Crypto traders are keeping an eye on. We can safely assert that a cryptocurrencys long-term viability is mostly dependent on technology and community, based on our experience. When he is not writing, he is looking to meet new people. According to Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. (source). The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. Gaming doesn't look as if it's going to differentiate Shiba Inu, either. SHIBA INU recorded 15 green days in the last 30 days. Learn More. Is it possible for the coin to reach one cent? Shibarium would change all of that, with operations moving on to this separate network. Shiba Inu prepares for higher targetsWhere will SHIB go next? The cryptocurrency was made as a joke in the likeness of the dog breed Shiba Inu. Elon musk recently asked to reveal how much he holding Shiba token and he replied none. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. Author has 1.7K answers and 477.7K answer views 1 y Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. On October 29, 2021, Shiba Inu's price increased by more than 10 times, giving the company a $41 billion market value. Shibarium will also use five utility tokens to meet its objectives SHIB, BONE, LEASH, TREAT, and SHI. How high can Solana go? 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. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. The Motley Fool has a disclosure policy. Also, developing more utility for the Shiba Inu coin will help its value. This could be similar to the run of Dogecoin itself. 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 reason is Shiba Inu belongs to a controversial niche with no real use-case. Shib price prediction 2025 in INR: Shiba Inu is predicted to touch 0.008 by the end of 2025. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu in the last seven days, and as meme coins, both tokens have had similar price performances. Cryptos are Consolidating! As of this writing, there's no set date for when Shibarium will be beta-tested in public view. SHIB, which exists as an ERC-20 token on the Ethereum blockchain, has more than 1.2 million holders. Elon musk also mentioned similar thing in different way, as they told people to focus more on product instead of farming, burning or other non-utility token. It is not anchored on unique blockchain technology - just hosted on Ethereum, it has not achieved a medium of exchange status, and it has no real value. In July 2021, Buterin donated 50 trillion SHIB coins, which represented 5% of its total supply, to India's Covid-19 relief fund. In fact, it offers a lot less in some cases. Shiba Inu is of course not the only contender in the meme coin sector. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. With the hype around Dogecoin, other meme coins enjoyed some interest. Even the thought of getting here is simply unfathomable. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. 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. Could Shiba Inu Help You Become a Millionaire? 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. Right now, Shiba Inu trades for a fraction of a cent. That would be a 1000% plus increase from where the Shib coin is at now, which might sound like a good opportunity to invest. Will Shiba Inu Reach 1 Cent? May 12, 2021 By Sam Sant Shiba Inu coin (SHIB) is easily the hottest new form of cryptocurrency. Shiba inu coin revealed plan to hit $0.10 Shib token news. In a worst-case scenario, if ADA fails to rebound at the $0.35 price mark, ADA should go lower to reach the next target of $0.30. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. 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. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . In order for SHIB to hit $0.001, the development, public test, and launch of Shibarium would have needed flawless execution. serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn ? But more than that is needed to reach $1 due to its humongous supply. 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. Lets see how this market cap stacks up against other financial products and see whether it makes sense. 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. New Uptrend 2023? How high can , The trend of the crypto market is currently up. Solanas Network Outage: A Sign of Trouble for Investors? It makes up 11.94% of their total holdings. We still suggest to do your own research before investing because there more option in crypto industry that really have great utility that stays forever. The global GDP is estimated to be over $80 trillion. When the clock struck midnight on Jan. 1, 2021, investors had the opportunity to scoop up SHIB coins for just $0.000000000073. Shiba Inu has a total supply of 1 quadrillion tokens. As of writing, SHIB's price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. First, a little background on Shiba Inu's path so far. The Numbers are IN! The price of SHIB soared from 0.00001 to 0.000014 US dollars. Shibarium will also incorporate a burning mechanism in which SHIB tokens will be burned with each transaction. Shiba token manages continue its bull run in every market situation, whether it is bullish, bearish and neutral sentiment. However, the fact remains that some people are drawn to coins that have a low price per unit due to the cheap coin fallacy. As noted, Shiba Inu is an ERC-20 token on Ethereum's blockchain. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. Please make cautious investments. The only significant difference was the creator built Shiba Inu on the Ethereum network. Shiba Inu developers are about to launch Shibarium. The most you can do with SHIB tokens is transfer them from one wallet to another. Shiba Inu has pulled off some of the most impressive price performances in the history of crypto markets. Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. Because of the nature of these coins, this is the case. Bitcoin, Dogecoin is a standalone cryptocurrency. Most probably between end of 2024 or even start of 2025. The price of SHIB soared from 0.00001 to 0.000014 US dollars. In reality, you shouldnt be looking at a coin or tokens price per unit when trying to see if it is undervalued or overvalued. 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. The whole cryptocurrency market cap, including all coins and tokens, is less than $2 trillion. Continue with Recommended Cookies. Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00005546. It could even take years of sustained positive performance for that 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. Independent miners worldwide run thousands of mining computers (rigs) to keep the network alive and running. According to CoinMarketCap, there are currently 549 Trillion SHIB coins in circulation. 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. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. 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.
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