This Meme Coin PUMPED 50% in the past 24 hoursWill it continue to Grow? Shiba Inu Coin could reac. In this article, we will explain why SHIB can never hit 10 Cents. Dogecoin was developed in 2013 as a comical spin on the then-emerging trend of cryptocurrencies - whereas Shiba Inu was developed in 2021 as a "meme coin" that was a rival to Dogecoin. The Shiba Inu Coin will be released on the 27th of October, so its possible that the price could go up to 10 cents. At the time of writing, Apple is the worlds most valuable company, with a market capitalization of about $2.14 trillion. Investors are still on a wait-and-see mode, and there is no telling when the crypto prices will start climbing again. The rally has led its market-cap to hit the $15.5 billion mark, putting it back in the top 15 cryptos in terms of market-cap. On the Ethereum network, SHIB is a monetary token. We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. we know in term of safety of trading it already passed criteria of Binance and Coinbase exchange. 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 Coin ON THE MOVE! For the last 7 days, Shiba Inu prices have been fluctuating and trading within the $0.000020 and $0.000022 range. Will Shiba Inu coin reach $1? The Shiba Inu coin price rose by 5% on the day, and it continued to increase as NowPayments also incorporated the coin as a payment channel for e-commerce platforms. Shiba market cap volume is crossed billion worth and now heading towards setting half trillion worth if more investor continues to show same interest. Shibarium will provide a strategy for burning SHIB tokens. Additionally, transaction fees can soar during these periods of congestion. Of course, theres no guarantee that a coin will ever reach its previous all-time high again. But verily, it's foolish to think of Shiba Inu coin's worth $0.01, $0.10, $1 by 2025. With its unique 'dog-themed' design and meme-based marketing, it has attracted a loyal fan base and gained a lot of attention from investors. The Shiba Inu team is working on key products like Shibarium, and SHIB is positioned well thanks to numerous crypto exchange listings. Invest better with The Motley Fool. And it's climbed more than 44,000,000% this year. 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. It's certainly not impossible; but it'll need a lot of help to get there. Click here to get a 10% discount on your first payment (monthly or yearly)! 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. With the hype around Dogecoin, other meme coins enjoyed some interest. As an investor, we have to be impassioned. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. If the cryptocurrency market enters another bull run, SHIB could very well be one of the meme coins to explode. Can Shiba Inu reach 1 cent? While Ethereum's network is highly trusted, it has a tendency to bog down due to its popularity. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. 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. Here's what the prospects look like for SHIB as it struggles to reach the one cent mark. Further, Shibarium's launch was widely expected last year. To make the world smarter, happier, and richer. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. A currency does not have inherent value long term. If youre interested, check out our list of the meme coins that could be the next to explode. But this would require burning a significant amount of the token for the price to rise to 1 dollar. 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. Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. 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. 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. The Motley Fool has positions in and recommends Ethereum. Unfortunately, those claims are not only misleading; its dangerous for us the retail investors. Well, for starters, Shiba Inu is at the time of writing valued at $0.000020. It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. The SHIB price is currently $0.000007949 at the time of writing. 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. It's going to take some time but 50 mill shib at 1c,5c,10c,50c or $1 per t. 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. Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. 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. 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. Shiba Inu, on the other hand, has a supply of 549 trillion tokens. You can use Shiba Inu to pay at certain merchants. In order for SHIB to hit $0.001, the development, public test, and launch of Shibarium would have needed flawless execution. 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. Regrettably, such statements are not just deceptive; they are also harmful to us, the retail investors. SHIB rose by over 85,000,000% within a year and hit its all-time high on October 28, making itthe most prominent example of a monumental bull run in crypto in recent years. Dogecoins current supply is 132 billion coins, with about 5 billion new coins being added per year. Why the sudden change of heart, though? With the launch of Shibarium, just about all SHIB transactions that occurred previously on Ethereum will now take effect on Shibarium. Shiba currently based on Ethereum blockchain and it currently have no big utility apart from NFT and community. So, will Shiba Inu reach 1 cent? Meme coins like Dogecoin and Shiba Inu Coin were particularly popular. Instead, its an Ethereum smart-contract based cryptocurrency, similar to Binance Coin (BNB), Tether (USDT), Chainlink (LINK), USD Coin (USDC), TRON (TRX), etc. The will shiba inu reach $1 cent in 2022 is a question that many are asking. Shiba token burning program protocol has changed, as initially token was transferred to Ethereum founder wallet. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. Learn More. Shiba token burn and liquidity locking program pushing price to the moon and that favouring project in term of bringing new investor and diamond hand holder. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. The Shiba Inu project will reach a price of ten cents by 2024, based on the growth of the . Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. Tax on profits may apply. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. Despite Ethereums recent move to aPoS network, transaction speeds are still yet to drastically improve. The reason is what we like to call the cheap coin fallacy. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. You might actually LOVE this Answer! *Average returns of all recommendations since inception. The Motley Fool has a disclosure policy. 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. Check outGoCharting! As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. It's now the 13th biggest cryptocurrency by market value. Will Shiba Inu reach 1 cent? Can Cardano reach $2 in 2023? Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. the 1-month volatility of the coin is at 5.26. The volatility and momentum associated with digital currencies have led to some truly jaw-dropping gains. This is a big win for Shiba Inu and its investors. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. No consumer protection. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Nicknamed the "Dogecoin killer," many. Shytoshi Kusama, the developer, tweeted on December 24 that Shibarium is nearly impossible to show up before the end of the year due to the holiday periods. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The price of SHIB soared from 0.00001 to 0.000014 US dollars. 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. It's somewhat similar to a publicly traded company enacting a stock buyback. The Numbers are IN! CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. The token is trading 87% down from its all-time high price, so people buying SHIB at current price levels are truly buying the dip. It's always traded at a fraction of a cent -- and for good reason. This could be similar to the run of Dogecoin itself. 1$ SHIB Price Possible? If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. 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. In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). When will Shiba Inua Coin reach a penny? Shiba 2023 Price Prediction in INR: Shib is predicted to touch 0.0025 by the end of 2023. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. Following the massive drop, the price has gradually returned to normal. Many publications, YouTube videos, and forum postings say that Shiba Inu (SHIB) cryptocurrency can or will reach a value of $0.10.