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Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. Over the past 24 hours, Shiba Inu has experienced a decline of 0.12%. 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. But we have to give credit where credit is due. The purpose of Shibarium is to drastically reduce transaction fees. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. Nonetheless, the price has been reduced even further. The most notable of these products is Shibarium, a layer 2 scaling platform for Ethereum. Continue with Recommended Cookies. This low price was a reflection of Shiba Inu's creator placing 1 quadrillion tokens in circulating supply. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. 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. 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. Solanas Network Outage: A Sign of Trouble for Investors? 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. Is SHIBA INU even Alive? The Federal Reserve estimates that there are around $8 trillion in coins in circulation across the globe. No, we don't even expect 1 cent price for Shiba Inu in 2025. Shibaswap, the ecosystems native DEX, can be utilized by stockholders to exchange tokens, take part in governance, create passive income, and buy NFTs. As of this writing, there's no set date for when Shibarium will be beta-tested in public view. However, SHIB is an ERC20 token-based cryptocurrency. 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. Therefore, the SHIB coin is not something new. The Motley Fool has a disclosure policy. However, price predictions are not set in stone, as market conditions can change radically. When the clock struck midnight on Jan. 1, 2021, investors had the opportunity to scoop up SHIB coins for just $0.000000000073. That would be a near 620% increase from where the Shib coin is . It is to outpace Dogecoin and beat its market capitalisation even if the SHIB token prices remain under a penny. Saudi Aramco is in second place with a market cap of $1.88 trillion and Microsoft comes third with a $1.75 trillion market cap. Crypto asset investing is highly volatile and unregulated in some EU countries. Lets go over it in more detail. 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. Platform has 3 active product that include Shibaswap, leash and Bone token. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. 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. But more than that is needed to reach $1 due to its humongous supply. Click here to get a 10% discount on your first payment (monthly or yearly)! Perhaps no cryptocurrency is more responsible for setting the bar high -- at least when it comes to one-year returns -- than meme coin Shiba Inu (SHIB). Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. 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. That'd be bigger than all but five publicly traded companies in the United States and would make no sense given SHIB's complete lack of utility. Before the last 2021 crypto market rally went up in smokes in December, particularly at the height of the Shiba Inu rally, some highly optimistic crypto price forecasters had indicated that it might reach $1 by the turn of the decade. After learning about Shiba Inu you will better understand is Shiba Inu a good investment for long term? CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. A single SHIB coin is . We know Shiba completely community backed currency and more people keep holding their investment it keeping pushing price upward. Here are 3 Cryptos to Buy in March 2023. Shiba inu community need to start working on utility and bringing more product on the platform. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. You also have to look at its massive maximum token supply. They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. The first decentralized cryptocurrency was. This is a big win for Shiba Inu and its investors. So, should you buy Shiba Inu while it's trading well below $0.01? On October 29, 2021, Shiba Inu's price increased by more than 10 times, giving the company a $41 billion market value. The Motley Fool has positions in and recommends Ethereum. The will shiba inu coin reach 10 cents is a question that many are asking. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. 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. Will Shiba Inu Reach $1 USD? Most meme coins have a very large circulating supply, which results in a low price per unit. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. 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. From there, ADA should rebound higher as what happened previously. However, due to the general decline of the crypto market, that hasnt come to pass. We can expect 1 cent mark probably in year 2022. While Ethereum's network is highly trusted, it has a tendency to bog down due to its popularity. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Making the world smarter, happier, and richer. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. SHIB/USD eight-hour chart. Without getting overly complicated, layer-2 blockchain is a series of secondary solutions overlaid atop existing blockchain to enhance functionality. When SHIB is nothing more than an Ethereum-based ERC20 token, its ludicrous that its overall market value will be more than Bitcoin, Ethereum, Apple, Tesla, and other major enterprises. Shibarium is a layer-2 blockchain project currently under development. That's 1,000 trillion. Assuming SHIB gains just 200 percent per month, the crypto could. Why is this such a big deal? SHIB can be transformed into a utility token by minimizing its supply in distribution. But it took until 2021 before it was worth a cent. With the launch of Shibarium, just about all SHIB transactions that occurred previously on Ethereum will now take effect on Shibarium. Will Shiba Inu Reach 1 Cent? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Can Shiba Inu reach 1 cent? Its why Bitcoin is the largest cryptocurrency. While $0.001 might be a target SHIB holders like to dream about, it's far likelier Shiba Inu gets sent to the doghouse in 2023. The first lower target will be sliding below the support price of $0.35. As investors, we must be passionate about our investments. *Average returns of all recommendations since inception. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. SHIB is a monetary token on the Ethereum network. Overall, the Shiba Inu price was lower after the crash than it had been earlier. The only way that shiba inu eats zeros is if the quantity of coins drops drastically. Nevertheless, rumors have been swirling on social media that this public test is coming relatively soon. Most probably between end of 2024 or even start of 2025. The token is trading 87% down from its all-time high price, so people buying SHIB at current price levels are truly buying the dip. In January 2022, NFT trading volume totaled $17 billion. 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). In September, 1.5 million people searched for "Shiba Inu coin," believe it or not. On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. First, the recent crypto shock took the market by surprise and threw it into disarray. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. And if the uptrend that the token has posted in October 2021 is anything to go by, Shiba Inu can be expected to resume its price rally soon. Jack Ma, Elon Musk, Edward Snow, Chamath, cathie wood, Changpeng Zhao and jack dorsey tweeted when shib will explode to reach 1 cent or $1 in 2021. Shiba inu market volume continue to grow following successful audit and other trading safety protocol. Finally, if Shiba Inu were to reach $0.001, it would have a market value of nearly $550 billion. 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. SHIB's 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 Tesla's (TSLA) market cap. Coin Price Forecast predicts Shib will trade at $0.00004266 at the end of 2022. The Big Ripple Price Prediction for 2023 How high can the XRP price go in 2023? As a result, Crypto traders are keeping an eye on. SHIB Burn Rate Turns Out Extremely Low In February I don't think so. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. Shiba Inu Price Prediction: SHIB is Set To Explode? Shibarium Update ? Shiba Inu is an ERC-20 token that's built on the Ethereum (ETH -0.43%) blockchain. Can Shiba Inu Reach $1? However, the bigger issue for Shiba Inu is that it's unable to differentiate itself from more than 22,000 other cryptocurrency projects. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Shiba Inu project will reach a price of ten cents by 2024, based on the growth of the . LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? 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. 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. With one Quadrillion SHIB tokens around, getting to $100 per token would mean creating an unutterable market capitalisation of $100 Quadrillion for the Shiba Inu network. Shiba Inu runs on a decentralized computer system with a blockchain database. $1 means almost 1803651% up from price $0.00005544 USD. 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? Even the thought of getting here is simply unfathomable. On Wednesday, the price of Shiba Inu coinwhich trades as SHIBsurged 33% to reach an all-time high of $0.00005478. Shiba currently based on Ethereum blockchain and it currently have no big utility apart from NFT and community. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Nicknamed the "Dogecoin killer," many. While anything is possible in the cryptocurrency space, as SHIB has previously demonstrated, there's virtually no chance of this lofty price target becoming a reality this yearor ever. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. In order for SHIB to hit $0.001, the development, public test, and launch of Shibarium would have needed flawless execution. What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? Despite the fact that SHIB is identical to other ERC20 token currencies, the community is what sets it apart. 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. pic.twitter.com/zQRoOuL9oW. 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. 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. It would be extremely difficult, to say the least. Well explain why SHIB will never achieve 10 cents in this essay. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . Conservative Prediction: Can Shiba Inu reach $1 in 2023? But at the end of the day, the significant winners were Dogecoin and Shiba Inu. 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. if shiba goes to 1 cent how much will i get. In 2015, Dogecoin was also worth $0.00008690. Elon musk recently asked to reveal how much he holding Shiba token and he replied none. Of course, Shiba Inu going to 1 dollar is an even more unrealistic scenario. 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. Dogecoins current supply is 132 billion coins, with about 5 billion new coins being added per year. They have alluded as much on the official Shiba Inu website stating that Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin. Shiba Inu: A Brief Overview. $1 means almost 1803651% up from price $0.00005544 USD. This was a reach even in the bull market, and is extremely unlikely now. These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. At a surface level, this makes SHIB seem approachable and cheap to new investors in crypto. This Meme Coin PUMPED 50% in the past 24 hoursWill it continue to Grow? Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. Dogetti: The Dogefather of Meme Coins Family and community are the foundation of this coin's success. Its not only the pioneer but also has the most prominent crypto following in the world. Shibarium will provide a strategy for burning SHIB tokens. Before 2021, its trading volume was extremely low, less than $1,000 on most days. 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. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. 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. Here Are the Chances for the SHIB Price to Increase, meme coins that could be the next to explode. 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. The price has recently dropped to $0.0000082. Its why theyre a multibillion-dollar corporation. Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. The team behind SHIB has already tried to create more utility for the token with other related projects, such as Shiboshis (Shiba Inu NFTs) and ShibaSwap DEX. This could make Shiba Inu one of the leading cryptos to explode in 2023. SHIB has gained about 25,000,000 percent over the past year, putting its average monthly growth at more than 2,000,000 percent. The creator of Shiba Inu is known under the pseudonym Ryoshi. To reach $0.10 shib would need to be 10trillion, aka the most valuable asset in history. Cryptoasset investing is highly volatile and unregulated in some EU countries. This would represent a 32.18% price increase for SHIB in the next 5 days. This is a huge difference from its 2021 lows of $0.00000516 and market cap of under $1 billion. Unfortunately, developers have stated that technical issues delayed the public beta test of Shibarium. The consent submitted will only be used for data processing originating from this website. Still, Shiba Inu,. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. 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. The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. No consumer protection. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. Please invest wisely. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. 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. FACT: Will Shiba Inu Coin reach $1 during the next Bullrun? One of the common searches and questions is if SHIB can reach 1 cent. Heres a table that shows the market cap of various popular stocks and metals in the world. Shiba Inu is of course not the only contender in the meme coin sector. (source). However, the fact remains that some people are drawn to coins that have a low price per unit due to the cheap coin fallacy. The crypto market is undoubtedly optimistic that Shiba Inu token prices will rise again and possibly reach new heights within the next 5 years. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. What would it take for. Instead, its an Ethereum smart-contract based cryptocurrency, similar to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), etc. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. We can safely assert that a cryptocurrencys long-term viability is mostly dependent on technology and community, based on our experience. As of writing, SHIB's price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. 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]. Most probably between end of 2024 or even start of 2025. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. There are still some coins that are worth investing in. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. On the Ethereum network, SHIB is a monetary token. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. Author has 1.7K answers and 477.7K answer views 1 y First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00005546. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. These cryptos have a mining system. As a result, Shiba Inu took off.