will shiba inu coin reach 10 cents will shiba inu coin reach 10 cents

Well explain why SHIB will never achieve 10 cents in this essay. Tax on profits may apply. It is evolving . Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. The reason is Shiba Inu belongs to a controversial niche with no real use-case. As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. That's unlikely to happen. This could drive the SHIB price to 1$. Shibarium envisions being an ecosystem from which potential Shiba Inu projects will come up. (source). The Next Shib? Of course, Shiba Inu going to 1 dollar is an even more unrealistic scenario. The Motley Fool has a disclosure policy. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 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. This was already a feature of Dogecoin, which launched back in 2013, but the newer generation of meme coins like Shiba Inu has taken this concept to the extreme. CryptoTicker announces its first NFT Collection How to participate? 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. 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). These cryptos have a mining system. Please invest wisely. 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. In short, Shiba Inu (SHIB) will never hit $0.10 or 10 cents. The price has recently dropped to $0.0000082. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. the 1-month volatility of the coin is at 5.26. 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. 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 platform aims to reach a coin value of $0.00001474 by the end of 2023, which would reflect a further 19% increase to the present price. 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. But this would require burning a significant amount of the token for the price to rise to 1 dollar. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. Shiba Inu Coin ON THE MOVE! Shiba Inu: A Brief Overview. 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. Currently trading at $0.000020, the, For starters, it has no real value. Crypto asset investing is highly volatile and unregulated in some EU countries. Shiba inu market volume continue to grow following successful audit and other trading safety protocol. SHIB at. Investors are still on a wait-and-see mode, and there is no telling when the crypto prices will start climbing again. By September, Dune Analytics reports that NFT trading volume plummeted 97% to just $466 million. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. After learning about Shiba Inu you will better understand is Shiba Inu a good investment for long term? Solanas Network Outage: A Sign of Trouble for Investors? 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. 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. In fact, it offers a lot less in some cases. Its why theyre a multibillion-dollar corporation. The news heightens Shib Inu's visibility and offers more purchasing access to prospective buyers. The price dropped dramatically from $0.000014 to $0.000009. Can Shiba Inu Reach $1? Will Shiba Inu Reach $1 or 50 cents? Shiba Inus biggest catalyst yet may be days away. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. 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. But will it be hard for Shiba Inu to reach $10? The first thing to understand about digital currencies is that there aren't many tangible catalysts for investors to wrap their hands around. 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. According to Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. It is not only the first but also the most popular cryptocurrency in the world. Here's what the prospects look like for SHIB as it struggles to reach the one cent mark. 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. Shiba Inu Price Prediction: SHIB is Set To Explode? Shiba Inu is just behind Dogecoin in the top 10 of all meme cryptocurrencies, despite a sharp decline in the market worth to the current $6.2 billion as of September 25, 2022. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $. The more it is used for transactions, the higher the burn rate. We can safely assert that a cryptocurrencys long-term viability is mostly dependent on technology and community, based on our experience. As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. As of writing, Shiba is unstoppable as it setting new all-time high record with time following positive news. *Average returns of all recommendations since inception. However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. Long-term, a currency has no intrinsic worth. And why do they not believe it can hit $10 in the next 5 years? Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. 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. This is a huge difference from its 2021 lows of $0.00000516 and market cap of under $1 billion. The total maximum supply of Shiba Inu tokens is 1 quadrillion. Will Shiba Inu prices rise again? One of the common searches and questions is if SHIB can reach 1 cent. A Look at Price Movement So Far 2021 was an exciting year for Shiba Inu Coin. Here's why. Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. Following the massive drop, the price has gradually returned to normal. Yesterday, Shiba beat Ethereum in 24-hour trending volume collectively on DEX and CEX. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. Shiba Inu prepares for higher targetsWhere will SHIB go next? Shiba Inu was launched in August 2020 without much fanfare. There you have it, Shiba Inus goal is not to reach $10 or even $1. 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. Author has 1.7K answers and 477.7K answer views 1 y Assuming SHIB gains just 200 percent per month, the crypto could. Today, most do not expect Shiba Inu prices to even come close to $1 by 2030. Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. Although launched in 2020, it was in 2021 that it became popular after Vitalik sold 50 trillion SHIB tokens and donated the proceeds to the India COVID fund. SHIB or DOGE: Is Shiba Inu better than Dogecoin in 2023? 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. It was not uncommon for the total daily trading volume in SHIB to come in below $500 in the months following its debut, based on data from CoinMarketCap.com. The Motley Fool has positions in and recommends Ethereum. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. In this context, the factors of project niche, marketcap, revolution, and innovations are significant. From trough to peak, a $1 investment in Shiba Inu would have (briefly) made you a millionaire in 2021. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. Shiba 2024 Price Forecast in INR: Shib Coin is predicted to touch 0.006 by the end of 2024. No, Shiba Inu will probably never reach and sustain a $10 token valuation. The Shiba Inu project recognizes the potential of the virtual world and has launched non-fungible tokens to tap into its ecosystem. 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. While Dogecoin has a. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. Even during SHIBs all-time high in October 2021, when the token was trading at $0.0000881, SHIB would have needed to increase in price by 113x to hit a price of $0.01. All of this means Shiba Inu doesn't stand out from the competition. Shiba Inu's coin supply totals 549 trillion. Shiba Inu Price Prediction: Can SHIB Price reach $3 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. It's always traded at a fraction of a cent -- and for good reason. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. 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. Is Shiba Inu Price BULLISH? While Ethereum's network is highly trusted, it has a tendency to bog down due to its popularity. Shibarium will provide a strategy for burning SHIB tokens. Nonetheless, the price has been reduced even further. Conservative Prediction: Can Shiba Inu reach $1 in 2023? At its absolute peak, BTC had a market capitalization of $1.27 trillion. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. This makes it a hard sell to serious crypto investors, which in turn makes it hard for it to outlast the current hype and grow its worth above a penny. Most meme coins have a very large circulating supply, which results in a low price per unit. *Average returns of all recommendations since inception. The cryptocurrency was made as a joke in the likeness of the dog breed Shiba Inu. Can Shiba Inu Reach $1? However, credit must be given where credit is due. That would be a near 620% increase from where the Shib coin is . Don't Miss: Could Shiba Be A Millionaire-Maker Coin? Shiba Inu isn't a blockchain. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. Are You Bored with Shiba Inu? 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. Crypto experts are optimistic that the price of Shiba will further increase in 2022. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. Let's take a closer look. Why the sudden change of heart, though? Shiba token burning program protocol has changed, as initially token was transferred to Ethereum founder wallet. On the other hand, SHIB does not create any product; its a currency. Also, developing more utility for the Shiba Inu coin will help its value. The Shiba Inu Coin will be released on the 27th of October, so its possible that the price could go up to 10 cents. Overall, the Shiba Inu price was lower after the crash than it had been earlier. In this article, we look at 3 cryptos to buy , Is it still worthwhile to invest in Solana after the FTX scandal and the recent crashes? 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? Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. SHIB has begun offering NFTs named "Shiboshis" that cost 10,000 Shiba Inu coins which will help burn additional circulating supply. Gaming doesn't look as if it's going to differentiate Shiba Inu, either. Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. They are, however, not convinced that the token can reach $100 or $10 in the next few years. we know in term of safety of trading it already passed criteria of Binance and Coinbase exchange. At that kind of size, even a 2x price increase would have required a massive amount of capital to flow into SHIB. Another point against SHIB reaching $1 is its supply inflation according to our data, the supply of Shiba Inu increased nearly 8% year-over-year, which makes the prospects of SHIB hitting a $1 milestone all the more unlikely. 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. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. Are you lookingfor a chart analysis toolthat doesnt distract you with community messages and other noise? However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success. Shiba Inu Coin could reac. However, price predictions are not set in stone, as market conditions can change radically. 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). Learn More. A currency does not have inherent value long term. The Answer might SHOCK You! Each offers distinct ways for stockholders to raise their investment return. However, SHIB is an ERC20 token-based cryptocurrency. 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. Other projects being worked on by the Shiba Inu team include the ShibaSwap decentralized exchange, the Shiboshis NFT collection and SHIB: The Metaverse. Instead, its an Ethereum smart-contract based cryptocurrency, similar to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), etc. But will the gains last and help lift Shiba Inu to $0.01?