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Like many altcoins, Shiba . Will Shiba Inu Reach 1 Cent? | CoinCodex Long-term, a currency has no intrinsic worth. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. 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. we have seen shiba in the list of top gainers crypto on Coingecko and CoinMarketCap tracking platform. Shiba Inu runs on a decentralized computer system with a blockchain database. Cryptoasset investing is highly volatile and unregulated in some EU countries. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Most meme coins have a very large circulating supply, which results in a low price per unit. Its current circulating supply is about 550 trillion tokens. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . Shiba Inu's coin supply totals 549 trillion. Despite the fact that SHIB is identical to other ERC20 token currencies, the community is what sets it apart. It's always traded at a fraction of a cent -- and for good reason. Making the world smarter, happier, and richer. . Shiba Inu will definitely reach 10 cent in 10 years alot of investors are moving in Meanwhile, major cryptocurrencies exchanges have them on their platform.. Buy and hold for the said 10 years 1 David Turner Former Litigation Partner (Ret.) For the last 7 days, Shiba Inu prices have been fluctuating and trading within the $0.000020 and $0.000022 range. 1 zero needs 10% of coins burned. There is a mining mechanism in place for these cryptos. As a result, Crypto traders are keeping an eye on. 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 (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. 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. 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. 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). Meme coins, in particular, had to accept even greater losses. Thousands of mining machines (rigs) are used by independent miners across the globe to keep the network functioning. So, will Shiba Inu reach 1 cent? Coin burn involves sending tokens to a dead blockchain address where they can no longer be accessed. In addition, the SHIB burn rate in February has fallen short of expectations, which is likely to reinforce bearish sentiment. Shiba currently based on Ethereum blockchain and it currently have no big utility apart from NFT and community. A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years. Since its launch in August 2020, Shiba Inu Coin (SHIB) has become one of the most talked about cryptocurrencies on the market. now, question will it continue to highlight that top gainer list and will Shiba surpass Dogecoin and other crypto for best investment of year 2021. At a $0.01 valuation, the total market cap of SHIB will be $5.89 Trillion, which is 5 times more than Bitcoin, 10 times more than Ethereum, and 3 times more than Apple (AAPL), and 5 times more than Tesla (TSLA) market cap. SHIB coin: Will Shiba Inu token hit $1 by 2025? - Deseret News Most crypto players offer the exact same things. Click here to get a 10% discount on your first payment (monthly or yearly)! Shiba Inu Prediction 2025 Can the Meme Coin Repeat Its BOOM? This effectively invalidates the pre-market crisis predictions that expected the price rally to thrust it towards $1. There are still some coins that are worth investing in. Things can be line people will pay less or even no attention to meme typed coins in 2025. Will Shiba Inu (SHIB) Reach 1 Cent? - yahoo.com 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. Further, Shibarium's launch was widely expected last year. Shiba Inu was launched in August 2020 without much fanfare. The reason is Shiba Inu belongs to a controversial niche with no real use-case. Moreover, it has extended to include tokens such as LEASH, BONE, TREAT, and SHI, which serve numerous purposes in the environment. We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. While it might be difficult to decipher with so many zeroes following its decimal point, Shiba Inu gained an almost unfathomable 121,109,489% in under 10 months. Dogecoins current supply is 132 billion coins, with about 5 billion new coins being added per year. Manage Settings That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. 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. Can Shiba Inu Reach $1? Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. On October 29, 2021, Shiba Inu's price increased by more than 10 times, giving the company a $41 billion market value. The Answer might SHOCK You! 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. Will Shiba Inu Reach $1 or 50 cents? SHIB Price Prediction Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. since, 2020 Shiba has surged by 32k x and people who invested $1000 already reached to million worth investments. Will Shiba Inu reach $0.10 this year? | The Sun This gives it a lot more potential use cases, as the token can easily be deployed in decentralized finance applications. 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? Having read the woof paper from start to finish, the end goal of the devs is to create the largest decentralised ecosystem in the world. But it took until 2021 before it was worth a cent. The Motley Fool has a disclosure policy. Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. Like before, the main restrictive factor is SHIBs circulating supply, which would, at current amounts, produce a market cap of $275 trillion if the meme coin were to reach the $0.50 mark. Ensuring that transaction fees are negligible is critical to getting this NFT marketplace and blockchain-based gaming off the ground. The Motley Fool has positions in and recommends Ethereum. 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. //]]>. It's certainly not impossible; but it'll need a lot of help to get there. Will Shiba Inu (SHIB) Reach 1 Cent? - news.yahoo.com What if Shiba Inu coin hits the 10cents ? Or even 1 usd? Do - reddit How will Shiba Inu Perform in Q1 of 2023? You also have to look at its massive maximum token supply. 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. Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. But it might reach 1 cent after some years of token burns and deflationary mechanics. There you have it, Shiba Inus goal is not to reach $10 or even $1. The total maximum supply of Shiba Inu tokens is 1 quadrillion. The cryptocurrency was made as a joke in the likeness of the dog breed Shiba Inu. And it's climbed more than 44,000,000% this year. It makes up 11.94% of their total holdings. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. 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. Get all Latest News about shiba inu voyager, Breaking headlines and Top stories, photos & video in real time Its an Ethereum-based smart-contract cryptocurrency, comparable to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), and others. Though the rate at which Shiba Inu price surges varies from one expert to another, the general feeling is that one SHIB token may be selling for between $0.000024 and $0.00038 by the end of 2025. The only way that shiba inu eats zeros is if the quantity of coins drops drastically. Without getting overly complicated, layer-2 blockchain is a series of secondary solutions overlaid atop existing blockchain to enhance functionality. Is it expected to reach $10 or more in the next five years? What are Shiba Inu coin price predictions for 2040 and 2050? Shiba Inu (SHIB) will never reach $0.10 or ten cents. When Shiba Inu Will Reach 1 Cent - Extrapolating Data For example, some people that are looking to invest in crypto for the first time avoid Bitcoin because 1 BTC is too expensive, even though its possible to buy as small a fraction of Bitcoin as youd like. For those of you keeping score at home, this sort of return allows for an investor to double their money, on average, about once every seven years. Is it possible for the coin to reach one cent? Sean Williams has no position in any of the stocks mentioned. Could Shiba Inu Help You Become a Millionaire? Over the past nine months, only 56 new merchants have come to accept Shiba Inu as payment on Cryptwerk. Is Shiba Inu Price BULLISH? The price of SHIB soared from 0.00001 to 0.000014 US dollars. 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? 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. On the other hand, SHIB does not create any product; its a currency. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. We know Shiba completely community backed currency and more people keep holding their investment it keeping pushing price upward. 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. From the fundamental side of things, the Shiba Inu team is working on several products that are geared towards making SHIB a more attractive token to hold. Here's what the prospects look like for SHIB as it struggles to reach the one cent mark. In fact, it is still very unlikely, but it is theoretically possible. Here Are The Two Other Dog Token Alternatives. Yesterday, Shiba beat Ethereum in 24-hour trending volume collectively on DEX and CEX. This means raising its price levels at a rate of 3.6 million percent per annum or 300,000% per month, without fail, for the next five years. The price of Shiba Inu increased significantly at the end of October. Big News: Ripple Price is about to TRIPLE? Much of the SHIBs popularity comes from its meme coin status, as its often promoted by its holders on various social media platforms through memes and viral campaigns. Here Are the Chances for the SHIB Price to Increase, meme coins that could be the next to explode. The Shiba Inu coin, similar to Dogecoin, is a meme-based cryptocurrency that was created in August 2020 by an anonymous person (or a group of people) who go by Ryoshi. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. A single SHIB coin is . In 2015, Dogecoin was also worth $0.00008690. Click here to watch the talks of the amazing Berlinverse speakers. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. This is a major development because the primary criticism directed at Ethereum is its increased gas fees and low latency functionality. Can Shiba Inu Reach 10 Cents by 2024? - Webnews21