Shib Price Prediction for 2022 Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. That's unlikely to happen. And having a large quantity in circulation with a short average holding period doesn't help either. Both are highly impractical at the moment. This is because this cryptocurrency was introduced as a joke. But will the gains last and help lift Shiba Inu to $0.01? Shiba Inu burn and whale action are also essential factors in determining the price of Shiba Inu. The Motley Fool has a disclosure policy. Yes, Shiba Inu can hit 1 cent. As analyzed earlier, this will depend on the Shiba Inu Burn, the Implementation of Shiba Inu Plans, and the sustenance of the community. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). Therefore, for the price of SHIB to reach even $1, around 99% of all existing SHIB coins need to be burned. Will Bitgert reach 1 Cent? So then, why did SHIB jump so drastically recently? The reason is Shiba Inu belongs to a controversial niche with no real use-case. It's always traded at a fraction of a cent -- and for good reason. }); 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. Who knew TerraLuna UST could crash, losing over $30 billion in market cap in just 7 days? Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. Bitcoin has numerous real-world use cases. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. Our simulation suggests that Shiba Inu will hit 1 cent by 2053. His coin gained a very huge marketcap because of hype without having the actual product. Must Read How to do Fundamental Analysis On Crypto Projects. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network In this article, we will explain why SHIB can never hit 50 Cents. Development plans are critical to Shiba Inus growth. The market cap of Bitcoin which is above $20,000 is around $450 billion. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. 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. Read Here, Before we do the simulation, here are some facts. Even after investors burned billions of Shiba Inu tokens, its price didnt change much. DisclaimerAll articles published on Coinmash are strictly for informational purposes only. Shiba Inu is projected to witness a short-term bullish momentum soon and may skyrocket by the end of December. Until it does have more real-world applications and is more widely accepted as payment, I don't see the crypto surging much higher. Keep yourself one click away from global finance's new update with FinanceTeam.net. This is a Layer 2 solution that could solve some of Shiba Inu's problems. We concede that this answer could change dramatically in the future. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. Therefore, if you are interested in Shiba Inu coins, keep track of their prices and trading volume daily. Here's why. Other indicators are also dropping for the coin as its trading volume of $217M went down by 50% in that same period. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. While the cryptocurrency market is highly volatile and often unpredictable, SHIB is still a relatively new coin and has not yet established a consistent track record of growth. Source- Tradingview. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. Additionally, try to see its price graph. For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. Therefore, there is no chance of Shib hitting a penny by 2030. What is digital real estate and is it worth investing in? Will Shiba Inu Reach $1 or 50 cents? In the best-case scenario, it projects that SHIB's price could reach $0.000270 by February 2024, accounting for the technical analysis data aggregated on February 6th. Shiba Inu developers are about to launch Shibarium. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Nowadays, cryptocurrency is a game of speculation. 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. With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. We provide you with the latest breaking news and videos straight from the entertainment industry. 2021. Investors are expecting the SHIB price to touch $0.5 sooner or later. Shib coin is selling for about $0.0000085 per coin with a market value of $3.4 billion, so there's still plenty of time to grow. Bitcoin and Dogecoin both have independent mining systems where miners, in total, use thousands of mining rigs and supercomputers. Click here to jump to comments. But it wasnt until 2021 that it was worth a penny. No, Shiba Inu coins are not a good investment now. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. Currently, Shiba Inu has a market cap of $7 billion with a current circulating supply of 550 trillion. 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. This ostensibly helps push prices higher. Shiba Inu coin is not a Scam. 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. Back in May 2021, the crypto-trading juggernaut Binance listed SHIB and Elon Musk tweeted about DOGE. Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. Is Telcoin A Good Investment? The crypto is on the rise this year, with a gain of 64% so far. You can use Shiba Inu to pay at certain merchants. By Money Morning Staff Reports, Money Morning October 13, 2021. Given that the main target of the Shiba Army is to push the price of Shiba Inu to 1 cent. 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. 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. So, that you know, the market cap of BTC is just under $1 trillion after the recent market dip. Here are a few popular exchanges where you can purchase Shib: Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin. But a significant amount of chips would have to be burned for the price to reach $1. The cryptocurrency sank along with the general market last year. The coin has traded . Popular meme token Shiba Inu (SHIB -0.62%) is stirring up some excitement. First, let's talk about Shiba Inu's spectacular arrival on the scene not too long ago. 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. An anonymous person or group created these coins with the name of Ryoshi. Could Shiba Inu Help You Become a Millionaire? According to CoinMarketCap, Shiba Inu is currently trading at $0.00001289 with an uptrend of 2.05% from yesterdays price. It has pumped more than 110%, Do you know that crypto jobs are in high demand? Shiba Inu has delayed the release several times over the past year. But how sustainable is that growth? The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. This does not mean it is a certainty. The answers to some of these questions are: Ans: Since a Bitcoin halving is expected at the start of 2024, you can say that the price of Shiba Inu coins will go as high as $0.01 by the end of 2024. The more it is used for transactions, the higher the burn rate. At the time, a $100 investment netted a huge . 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If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch. With burns of 2-3% a year, this can even be faster and the market cap requirements could be much lower. | Crypto Trading Guide For 2023. Moreover, the SMA-14 line trades above the resistance zone, forming an upward curve for Shiba Inu in the price graph. Then on Sept. 9, 2021, Coinbase joined in and listed SHIB. Will Shiba Inu reach 1 Dollar?Is Shiba Inu Dead. Because everyone understands that Web3 is, Do you want to use polygon blockchain but you dont have enough Matic tokens to pay the gas fees? SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. All of this means Shiba Inu doesn't stand out from the competition. Shib could hit a penny probably a decade after if many variables go in its favor. Theoretically and statistically, its not possible to do so now. For that reason, Shiba Inu is still in the right environment to rebound and 'eat' one zero to trade above $0.0001 in the coming weeks. In addition, its an Ethereum-based token, referred to as ERC20. Shiba Inu Coin Price Analysis and Forecast 2022-2030 According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. Shiba Inu's (SHIB) price prediction. /* load placement for account: Money Map Press, Shiba Inus metaverse is being built by the team. However, forecasts expect prices to break above current all-time highs as early as 2025. Is the Shiba Inu coin a Pump Dump scheme? If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. I don't think so. But it will take more to reach $1, due to its massive supply. . 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. On 28 October, the token initiated a fresh upward rally and broke above its EMA-20 trend line at $0.000012, and continued its upward momentum further. The Motley Fool has positions in and recommends Ethereum. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. Investors were looking for the next big crypto star. The current price of SHIB (November 2022). Our experts who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Your email address will not be published. This solution, Shibarium, should strengthen this popular meme token and could boost its value. A mysterious creator known only as Ryoshi launched Shiba Inu back in August of 2020. Ultimate Guide to Become A Crypto Community Manager 2023. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either. Even coin-burning efforts may not be enough to put a dent in the supply of about 549 trillion. Developers delayed the launch of Shibarium more than once last year. The MACD line is also supporting the current uptrend of Shiba Inu as it moves parallelly with the price trend. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. The answer to Will Shiba Inu reach 50 cents? is no because it does not have an independent mining system. Therefore, the answer to the question Can Shiba Inu reach 50 cents? is, unfortunately, no. But in the end, the big winners were Dogecoin and Shiba Inu. 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. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. A Best Crypto project develops a solution for the blockchain industry, but the starting purpose of the Shiba Inu is to kill another meme coin. Learn More. Despite its impressive performance in the past couple of years, Shiba Inu is very unlikely to reach $1 or 50 cents because its circulating token supply is simply too large. Read Here, before we do the simulation, Here are some.. 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