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. We will concede that this answer could change dramatically in the future. Bitcoin also appears to have bottomed out near $19,000. Although it was 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. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. Although the possibility of Shiba Inus coin being worth $1 is slim, it is not impossible. It's hard to say if it will ever break $1. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. ados_load(); Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. Invest better with The Motley Fool. To reach 1 cent, Shiba Inu would need a market cap of $5.8 trillion. Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. 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. At a $0.50 valuation, the total market cap of SHIB will be $274 Trillion, which is 14 times of US GDP, 3.5 times of World GDP, 274 times more than Bitcoin, 550 times more than Ethereum, 137 times more than Apple (AAPL), and 274 times more than Tesla (TSLA) market cap. It is very unlikely that the Shiba Inu coin will hit the $1 mark as it hasn't shown much growth unlike its Shiba Inu counterpart, Dogecoin. Shiba Inu developers are about to launch Shibarium. When you go to various chat forums or see many Youtube videos about Shiba Inu coins, the most common question that people ask is, Will Shiba Inu coin reach 50 cents?, While many claim it will, the answer is quite the opposite. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. Find out whether the Shiba Inu coin will reach 50 cents or 1 cent with our expert analysis. While Dogecoin has a strong chance of reaching $1 in the future, we cannot say the same for Shiba Inu, at least not in its current state. Of course, were talking about Shiba Inu, which generated a return on investment (ROI) of millions of dollars for investors. The only significant difference is that the creator built Shiba Inu on the Ethereum network. Currently, Shiba Inu has a market cap of $7 billion with a current circulating supply of 550 trillion. Shiba Inu has had some positive developments in 2023, including the launch of the Metaverse platform. Cost basis and return based on previous market day close. This is Shiba Inus starting use case. Making the world smarter, happier, and richer. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. Shiba Inu (SHIB) will never reach $0.50 or 50 cents because it is financially illogical, mathematically impossible. This is how Shiba Inu gained popularity. Adria Cimino has positions in Ethereum. How Can I Benefit From Investing In Crypto? This solution, Shibarium, should strengthen this popular meme token and could boost its value. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. Stacks Price Prediction 2023: Will STX reach $100? However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. All of this is to say that it's hard to predict just how high SHIB will actually go. It's always traded at a fraction of a cent -- and for good reason. The journey towards reaching 1 cent for Shiba Inu involves multiple factors, and progress in any of these areas can contribute to the tokens price increase. Must Read How to do Fundamental Analysis On Crypto Projects. The current forecast suggests it will take 25 years to reach this level. Things can change very quickly in the crypto industry. DisclaimerAll articles published on Coinmash are strictly for informational purposes only. Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. Adria Cimino has positions in Ethereum. Once again, as with the $1 price mentioned earlier in the article, the short answer to the question of whether the Shiba Inu coin can reach 50 cents is no. But the important thing to note is that SHIB has become more accessible. The world doesnt even have enough money to push the price of SHIB to $1. Macroeconomic factors are external factors (Interest Rate, Inflation, Value of the Dollar) that can influence the price of Shiba Inu. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. }); January 19, 2023 By Money Morning Stock Research Team, January 9, 2023 By Money Morning Stock Research Team, December 27, 2022 By Money Morning Staff Reports. This is because the Shiba Inu coin started as a Dogecoin killer. Can Fetch.ai reach $10, $100? Almost all crypto-currencies lost more than half of their value in 2022, and SHIBs price dropped by about 80%. No, there is no scenario in which Shiba Inu will reach 1 cent soon. Shiba just has too many coins to mean anything. 1 Million Shiba Inu will be worth $10,000 if Shiba Inu hits 1 cent, 1 Million Shiba Inu will be worth $100,000 if Shiba Inu hits 1 cent. The bull run was initiated due to its most anticipated Metaverse project, Shiberse. However, the current crypto winter has plunged Shiba Inu hard to the bottom. In addition, its an Ethereum-based token, referred to as ERC20. Will Bitgert reach 1 Cent? Write by: . They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. 0 coins. The Motley Fool has positions in and recommends Ethereum. Its current circulating supply is about 550 trillion tokens. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. In fact, it isn't even likely to reach that milestone over the next five years. Ultimate Guide to Become A Crypto Community Manager 2023. Will Shiba Inu Coin Reach 50 Cents? 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. They are constantly creating more and more SHIB, so the supply is always rising. In fact, it is still very unlikely, but it is theoretically possible. 5 inches tall at the withers (between the shoulders blades), making them a . site: MoneyMorning.com, To hit that mark of $0.50, the crypto has to make a Sisyphean climb of 1,719,295% - a monthly growth of 28,655%. Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? But even if SHIB undergoes a drastic upward swing, can it reach $0.50? The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. However, weve also discussed ways that Shiba Inu can increase their token utility and potentially reach a new all-time high. Source- Tradingview. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. But if you're looking for impressive gains sooner, you'll want to look outside of the crypto market to a stock going public that's bound to rocket higher if (location.search.indexOf("continueReading=1") >= 0) { jQuery(window).load(function() { jQuery(window).scrollTop(jQuery("#continueReading").offset().top - 35); });}, Join the conversation. Even reaching lower prices, such as $0.01 or even $0.001, seems very difficult. However, burning SHIB coins will remain the same price, as it will increase only by a small margin. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. Shiba Inu will not reach 1 cent by 2025 because to reach 1 cent Shib coin will have to reach a market cap of 1 Trillion (2 Times Apple) in 3 years or burn 90% of all SHIB coins in the next 3 years. Its because $274 Trillion is 3.5 times the worlds GDP! var ados = ados || {}; Samsung to reduce shipments of chips based on older manufacturing nodes, favoring 3nm, Youll be able to delete the last 15 minutes of your Chrome history with a shortcut, Ether.Fi protocol raises $5M to decentralize staking, Bitcoin Delivers Major Bullish Signal for First Time in Over a Year. Most other cryptos have a fixed supply, which is the case with Bitcoin. By the end of this article, you should have a good understanding of these topics. The cryptocurrency market climbed past $3 trillion in 2021 as investors piled into this exciting newish market. There has been an increase of 814. There are many ways to do it! As for Shiba Inu specifically, the crypto faces the problem of limited uses, as mentioned above, and an even bigger problem that could hold it back from significant gains. Now you might wonder what sets Shiba Inu apart from the thousands of cryptocurrencies out there? However, since the crypto market is so volatile, nothing can be set in stone. With less than $7.50, you could own a million of them. But I'm not convinced a potential gain would be lasting, and I don't recommend taking a huge position in a risky asset like Shiba Inu. Save my name, email, and website in this browser for the next time I comment. Therefore, the answer to the question Can Shiba Inu reach 50 cents? is, unfortunately, no. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. Does Shiba Inu Have A Future? Biconomy Price Prediction 2023-2030: Can Biconomy reach 1000 Dollars? Their popularity was mainly due to the promotion of Dogecoin by popular people such as Elon Musk and Mark Cuban. We saw the same thing with Dogecoin (DOGE), the meme-spired crypto championed by Elon Musk, when it rocketed 11,000% during the peak of its hype. It is not a scam, it just has no utility. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. Shiba Inu really . But the real question is what is the best way to buy Shiba? Who knew TerraLuna UST could crash, losing over $30 billion in market cap in just 7 days? The popular meme token soared about 45,000,000% back in 2021. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. It's because $274 Trillion is 3.5 times the world's GDP! In fact, it is impossible to predict the price of an asset 40 years from now. And while SHIB might've been able to gain 1,993,575% in recent months, it still has a ways to go to catch Dogecoin - even if the anonymous creator intended it to be a "Dogecoin killer.". Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? If more tokens are burnt, it will increase demand as supply dwindles. Both are highly impractical at the moment. In this article, we will explain why SHIB can never hit 50 Cents. To reach the 50 Cents mark, Shiba Inu needs to buckle up and go on a herculean task by rising 1,719,295% from today's price, which is a steady monthly growth of 28,655% up until December. *Average returns of all recommendations since inception. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Read More: How Much Is 1972 Dollar Coin Value? And that doesn't weigh in Shiba Inu's favor. Metaverse Tokens Social Media Sentiment Live. Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. Shiba Inu has a total supply of 1 quadrillion tokens. Since then, many people have been wondering about its expected future prices especially since Ethereum founder Vitalik Buterin burned over 90% of his Shiba Inu holdings. 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. Shiba Inu isn't a blockchain. But that will depend on the success of the projects and their ability to increase the level of adoption of Shiba Inu. Debamalya is a professional content writer from Kolkata, India. Shiba Inus performance in 2021 was spectacular, and many expected it to continue the same run the following year. Given that the main target of the Shiba Army is to push the price of Shiba Inu to 1 cent. A big area for the community is given that in the year 2021, Shiba Inu had risen 60 times in 6 months, Can Shiba Inu reach 1 cent? Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . AGIX SingularityNET Price Prediction 2023-2030: Will AGIX reach $100? Will Shiba Inu reach 1 cent? But that doesn't mean Shiba Inu will even come close to replicating those gains. Investors are expecting the SHIB price to touch $0.5 sooner or later. However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. /* load placement for account: Money Map Press, | Crypto Trading Guide For 2023. At the time, a $100 investment netted a huge . Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. The current price of SHIB (November 2022). They were given a large sum of money as sponsorship to promote the pump and dump coins. then it can pump like a rocket, and it canbe a huge opportunity for the holders. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. The biggest risks are government regulation, poor execution of Shiba Inu plans, and general deterioration in the macroeconomy. It could even take years of sustained positive performance for this to happen. And as Shiba Inu skyrocketed, more and more investors flocked to this crypto with dreams of getting rich, too. All these developments will improve Shiba Inu's functionality and could boost its price. 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. In this article, weve addressed the question Will Shiba Inu coin reach 50 cents? by looking at factors such as the large token supply and lack of real-world utility. 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. According to CoinCodexs forecast, SHIB will not be worth 1 cent in 2024. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. A market cap of $5.5 Trillion may sound crazy today but not if it was 30 years from now or later. So, it is possible for Shiba Inu also to reach 1 cent. Development plans are critical to Shiba Inus growth. However, since its future (and the future of cryptos) is uncertain, nothing I say should be set in stone. It is believed that in 2025, the lowest price of SHIB will drop to $0.000008 and the highest price could reach $0.0001. Disclaimer: CryptoGlobally.com content is for Educational purposes only and is not intended to constitute investment advice. That doesn't allow for appreciation since there is always some more in circulation than those who demand it. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. Shiba Inu has delayed the release several times over the past year. We also can see that we will get Shiba Inu at a cheaper rate than what is now. 5 to 16. 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. More token burns are needed to help the price of Shiba Inu reach 1 cent. So then, why did SHIB jump so drastically recently? 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. First, a little background on Shiba Inu's path so far. Truth. However, price forecasts are not set in stone, as market conditions can change dramatically. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. When it comes to crypto-currencies, price unpredictability is always a major factor. That abundance is part of the joke. Required fields are marked *. Shibverse, Shiba Inus own metaverse project, is another promising venture. This series of lower highs within the triangle pattern indicates a gradual weakening of bullish momentum. Can Shiba Inu Reach $1? The recent gain of over 300% has brought a ray of hope to its long-term holders with a price goal of $0.5. The Dogecoin price has increased in recent weeks, but it has lagged behind the percentage increases of other cryptocurrencies, particularly the Shiba Inu coin, which is another important meme coin. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. Dont worry,, Many people are mining Satoshi core BTCs using the Satoshi app without knowing whether the app is legit or a scam., How to find the Best Crypto project using fundamental analysis. 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. Buying, trading, or selling cryptocurrencies should be considered a risky investment, and each reader is advised to exercise due caution before making any decision. Shibarium will decide the future of Shib. ados.run.push(function() { It could happen if enough SHIB chips are burned. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. The price of one token cost $0.00000000051. Let's find out. That's because much of its rise is spurred on by hype. And it only gets worse for Shiba Token. Unlike Bitcoin, which some companies offer as payment in place of a traditional salary, or Ethereum, which can be used to buy real estate on website like Propy, DOGE and SHIB lack any real-world utility. This is because this cryptocurrency was introduced as a joke. If you see its price increase, you can make the best decisions depending on it. 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. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. This means if Shiba does reach even 1 cent, its market cap will be larger than that of BTC. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. Could Shiba Inu Help You Become a Millionaire? In theory, if Shiba Inu ever exploded in value, this could become a fortune. However, the SHIB burn could still contribute to making SHIB a good investment. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. In addition to the golden cross, Shiba Inu price seems ready to uphold confluence support around $0.00001210. To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. Learn how your comment data is processed. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. Until it does have more real-world applications and is more widely accepted as payment, I don't see the crypto surging much higher. It could even take years of sustained positive performance for that to happen. Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. 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. Is the Shiba Inu coin a Pump Dump scheme? The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The result was a jump of 2,436% in just a few days. The more it is used for transactions, the higher the burn rate. The most critical of them is the widespread acceptance of Shib because of the wide variety of use cases. Will Shiba Inu reach 50 Cents? All of this means Shiba Inu isn't the best choice for a "make-me-a-millionaire" portfolio. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Here's why. The 2022 decline is not the reason why the Shiba Inu coin will probably not reach $1. But there is some good news ahead. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. Elizabeth II's eight grandchildren stand vigil guard around their grandmother's coffin. Whales have played a significant role in boosting the price of Shiba Inu in the past. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. Advertisement Coins. Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. Vitalik burned most of his Shiba Inu coins and sent $1 billion in Shiba tokens to Polygon founder Sandeep Nailwal to help India during the COVID-19 pandemic. Also, developing more utility for the Shiba Inu coin will help its value. Answer (1 of 3): Meme coin Shiba Inu first hit select cryptocurrency exchanges for trading on Aug. 1, 2020, with a first-day print of $0.00000000051 per token. Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. Shiba Inu Market Capitalization. Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. Fetch.ai Price Prediction 2023, 2025 and 2030, Will VeChain reach $1, $10? The cryptocurrency sector is exploding. NEAR Protocol Price Prediction: Will NEAR reach $100? That has crypto investors wondering if the Shiba Inu coin can reach the $0.50 milestone sooner than later. If you invested in Shiba Inu coins, tell us how much you invested in the comment section below. Cost basis and return based on previous market day close. Shiba Inu Price History. So, should you buy Shiba Inu while it's trading well below $0.01? One thing that sets SHIB apart is that unlike Bitcoin, which is designed to be scarce, it is intentionally abundant. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. After that, its price plummeted to new lows and is lowering. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. That's the massive token supply. Keep track of your holdings and explore over 10,000 cryptocurrencies. 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. Some believe that the supply of SHIBs in circulation will decrease dramatically after the launch of the Level 2 Shibarium network, which will burn SHIBs for every transaction. What is Bonk Meme Coin? Shiba Inus biggest catalyst yet may be days away. Required fields are marked *, Sign me up for the Money Morning newsletter. If Shiba Inu aims to reach $0.5, it needs to execute an extreme burn of tokens and get to at least half of the current circulating supply, i.e., 275 trillion. 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. The short answer is that nobody knows. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. Shiba Inu's (SHIB) price prediction. And the more accessible the coin is for traders, the more likely it is to be bought and sold, particularly if there's already a spotlight shining down on it. It would be worth more than the entire cryptocurrency market today. Will Shiba Inu coin reach 50 Cents without burning Tokens? So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Shiba Inu is up over 300% in less than a month. It has the potential to change Shiba Inu Hodlers life if the team creates token utility within the metaverse, such as buying and selling NFT, land using Shib tokens, and the Play to Earn concept. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. However, trading experts believe that all joke cryptos will die out and be replaced by more prominent cryptos in the market. This is something that the average crypto investor doesn't seem to understand Reaching a dollar would give SHIB a market cap of nearly 400 billion dollars, which would make it larger than Ethereum. The biggest problem with the Shiba Inu Project is its lack of practicality. In general, the burning mechanism of SHIB depends on its use. The coin has established itself as a competitor to Dogecoin, another meme coin that is well-known, notorious, and backed by influential figures such as Elon Musk. 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