what did Binance and Shiba swap reveal about Shiba Inu? Shiba Inu coin is not a Scam. With the demand for experienced, The first Dogecoin on Solana, Bonk Meme Coin, is gaining popularity in the crypto community. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. Unfortunately, that's impossible. Shiba Inu isn't a blockchain. As a result, Shiba Inu took off. But why is it so? These investors, often newcomers, may not understand the risks and may lose money in the short or long term. Burning the SHIB token is a way to reduce the total supply. Find out whether the Shiba Inu coin will reach 50 cents or 1 cent with our expert analysis. The Motley Fool has a disclosure policy. Efforts are underway to burn Shiba Inu tokens to reduce supply. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. Core DAO Mainnet Review: Is It the Future of Blockchain? How Much Is 1972 Dollar Coin Value? If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. Shiba Inu is expected to reach 0 by Wallet Investor. 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. But this would require burning a significant amount of the token for the price to rise to 1 dollar. Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. Both are highly impractical at the moment. the Shiba Inu can reach anywhere from 15. Its current outstanding supply is about 550 trillion tokens. Shiba Inu gave back some of. To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. 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. Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? Read This, Exploring Successful Strategies For Investments And Savings, Create An Everlasting Impression With Quirky Marketing, 10 Most Expensive Vehicles You Can Buy Today, New Subsidy On US Chip Will Pose A Global Threat To Economy, BRICS Appeals To More Countries As Algeria Signals To Join This Group, Pakistan Imports Slash Down Sharply To Stabilize Rupee. In fact, it offers a lot less in some cases. In fact, it is still very unlikely, but it is theoretically possible. Instead, this is due to several features unique to the token. Since it is an ERC-20 token, meaning it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. Whales have played a significant role in boosting the price of Shiba Inu in the past. Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience for free. That's unlikely to happen. zone: Popup - MM, Despite the cryptocurrency's $10 billion in market value, there are only 43 businesses that accept it as payment. 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. All of this is to say that it's hard to predict just how high SHIB will actually go. 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. Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. Shiba Inu Market Capitalization. If other platforms such as eToro list SHIB, then the price could continue to climb. The Bollinger bands upper limit is at $0.000014, which is a strong resistance level for SHIB. Your email address will not be published. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. Let's find out. Shiba Inus performance in 2021 was spectacular, and many expected it to continue the same run the following year. The answer to the question will Shiba Inu coin reach 50 cents or not is No. Shiba Inu has a maximum supply of 1000 trillion tokens, and 400 trillion tokens have been burned, which is a very high number, so the team needs to burn more tokens on a consistent basis on the specified timeline in order for the price to rise.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'cryptoglobally_com-banner-1','ezslot_2',114,'0','0'])};__ez_fad_position('div-gpt-ad-cryptoglobally_com-banner-1-0'); Will Shiba Inu Coin reach 50 cents after building their metaverse game? POLKADOT etc. Follow these beginner-friendly strategies for making huge profits and passive, Will Shiba Inu Coin Reach 50 Cents in 2023? But it should set you on the right track for great returns over time. Many people think of Shiba Inu as an alternative to Dogecoin. The Bollinger bands are forming a wide range in the price graph, signaling a consolidated zone for Shiba Inu. Will Shiba Inu Coin Reach 50 Cents? Fetch.ai Price Prediction 2023, 2025 and 2030, Will VeChain reach $1, $10? The post Blur To Airdrop $300M, Shiba Inu May See A Shibarium Launch Soon While The TMS Network Brings New Ideas To Trading appeared first on Coinpedia Fintech News. But how sustainable is that growth? Protected by copyright of the United States and international treaties. A market cap of $5.5 Trillion may sound crazy today but not if it was 30 years from now or later. That said there are some promising elements of Shib, This is why Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? 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. However, that has yet to reflect in the coin price as Shiba Inu (SHIB) currently has a value of $0.00001302, a decrease of 0.93% in the past day. More token burns are needed to help the price of Shiba Inu reach 1 cent. The goal of 50 cents may be possible if Shiba Inu gets immense support from the community and brings continuous developments and partnerships to the platform, including Metaverses, DEXs, etc., which will create a high demand for SHIB tokens in the market and hence its price will spark tremendous surges. To put that into perspective, there are more than 32 million businesses in the United States alone. 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. The price of SHIB will always be at most 10 cents. Shib burn can help boost the tokens price. Your email address will not be published. crypto that will reach 1 cent. Let's find out. SHIB will never reach a cent, much less a dollar, and that's because its supply is so massive. The Shiba Inu Metaverse is being created, which is fantastic. Constantly improving himself in this industry for more than three years, he has amassed immense knowledge regarding his niches of writing tech and gaming articles. At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. Many of us are asking where the price will go over the coming years, and in many ways, it can go from where it is now to prices WAY beyond what any one has thought p. At the time, a $100 investment netted a huge . There is a significant possibility that Shiba Inu will hit 1 cent. Learn More. Given that it is currently worth $0.00001432, crossing all of these decimal points will require extraordinary market performance. As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. Shiba Inu (SHIB -0.54%) may have helped create some millionaires in the past. And according to Coinbase, those who do trade Shiba Token typically only hold them for an average of six days. At the time of writing, Shiba Inu's SHIB coin is trading at $0.00003982. If more tokens are burnt, it will increase demand as supply dwindles. By 2026, the number 29 will be in effect. NEAR Protocol Price Prediction: Will NEAR reach $100? Shiba Inu has a total supply of 1 quadrillion tokens. If you are a beginner or non-technical person and dont know, Do you want to make money with cryptocurrency in 2023? 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. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. This is higher than the previous zenith of $0.00003791 recorded back in May 2021. The Shiba Inu coin received a lot of attention after that. 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. The popular meme token soared about 45,000,000% back in 2021. Here are a few popular exchanges where you can purchase Shib: Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin. By Money Morning Staff Reports, Money Morning October 13, 2021. Shiba Inu, or SHIB, is a decentralized cryptocurrency that is starting to gain mainstream attention due to its affiliation with the popular Dogecoin (DOGE). What does the future hold for the Shiba Inu coin? Given that it is an ERC-20 token, i.e., it is compatible with the Ethereum blockchain, Shiba Inu already has some advantages over Dogecoin. Its 274 times the worth of Bitcoin and Tesla, 550 times more than Ethereum, and 137 times more than Apple. Biconomy Price Prediction 2023-2030: Can Biconomy reach 1000 Dollars? Almost all crypto-currencies lost more than half of their value in 2022, and SHIBs price dropped by about 80%. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. But its always advised to practice caution while you are doing so. Recently Playstation mentioned Shiba Inu in its new game Humanity which allows players to take the character of a Shiba Inu dog and save humanity after the global population has lost their souls and willpower. Shibarium: Will Shiba Inu Price rise by 60%? The Motley Fool has positions in and recommends Ethereum. The more it is used for transactions, the higher the burn rate. To reach 1 cent, Shiba Inu would need a market cap of $5.8 trillion. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. 2023 Money Morning All Rights Reserved. Despite being able to surpass Dogecoins market capitalization several times, its still grappling with price, more for hyped popularity than practicality. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. The price of SHIB will always be at most 10 cents. However, due to the general decline of the crypto-currency market, this did not happen. That's when it soared a mind-boggling 45,000,000%. Click here to jump to comments. Currently, Shiba Inu has a market cap of $7 billion with a current circulating supply of 550 trillion. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. 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. 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. Shiba Inu really . 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. Making the world smarter, happier, and richer. Will Shiba Inu reach 50 Cents? The short answer is that nobody knows. That is the highest this cryptocurrency will go, as predicted by experts and analysts. The community must also hold together during this period. 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. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. After reaching its all-time high in October of 2021, the token went through an intense bearish phase that has brought the SHIB price 87% below its all time highs. The token was developed as an "experiment in decentralized spontaneous community building," according to its whitepaper. That has crypto investors wondering if the. Read our disclaimer to learn more. Truth. Or you can invest in Shiba Inu or stake your holdings to earn passive income. Cost basis and return based on previous market day close. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. The only significant difference was the creator built Shiba Inu on the Ethereum network. Shiba Inu's coin supply totals 549 trillion. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. ados.run = ados.run || []; Soloway's price projections have historically been accurate. 5 Ways to Beat the Fed (and Crush Inflation), The Government Is Pouring $391 Billion Into These Stocks - Buy Now, Do Not Sell or Share My Personal Information. The overall market cap of Shiba Inu has been fluctuating between $6.8 billion and $7 billion for the last couple of weeks. We concede that this answer could change dramatically in the future. It could happen if enough SHIB token is burnt. In 2015, Dogecoin was also worth $0.00008690. That's when it soared a mind-boggling 45,000,000%. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. 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. Disclaimer: CryptoGlobally.com content is for Educational purposes only and is not intended to constitute investment advice. It was created as a joke and meant to be traded for fun. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Will Bitgert reach 1 Cent? Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu over the past seven days, and as meme coins, both tokens have had similar price performances. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. How do you identify whether its a scam or a good project? Now, the question is this: Could Shiba Inu help you become a millionaire in the months or years to come? Learn how your comment data is processed. For $1, you could buy more than 135,000 Shiba Inu tokens. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. Read This, Buying Bogecoin (BOGE) Everything You Need To Know, How Much Is 1979 One Dollar Coin Value? 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. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. But there is some good news ahead. The biggest risks are government regulation, poor execution of Shiba Inu plans, and general deterioration in the macroeconomy. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. 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.". 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. They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. 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. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. Given that the main target of the Shiba Army is to push the price of Shiba Inu to 1 cent. | Crypto Trading Guide For 2023. Making the world smarter, happier, and richer. Shiba Inus journey towards reaching 1 cent can be categorized into four main areas macroeconomic factors, development plans, partnerships and community, and Shiba Inu burn and whale action. Or years to come previous market will shiba inu coin reach 50 cents close making huge profits and passive, Shiba. 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