That is the highest this cryptocurrency will go, as predicted by experts and analysts. Investors also can stake their holdings to generate passive income. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network In fact, it is still very unlikely, but it is theoretically possible. The token was developed as an "experiment in decentralized spontaneous community building," according to its whitepaper. Your email address will not be published. The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin. Solana Price Prediction Today. Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. Yes, Shiba Inu can hit 1 cent. There has been an increase of 814. When it comes to the cryptocurrency market, its current market capital rank is #14. Or you can invest in Shiba Inu or stake your holdings to earn passive income. That makes it hard for demand to outstrip supply in the long term. It could even take years of sustained positive performance for this to happen. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 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. If the worst bear market of 2023 ends and the market hit a tipping point, the Shiba Inu could rise to $0.00005 by the end of the year. }); 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. Therefore, if you invest $100 now in SHIB tokens, you can expect to earn $914 in the future. 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? Keep this information in mind as you make investment decisions. 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. Even when SHIB gets listed on Robinhood, I don't think it will help keep that kind of momentum going. If you are a beginner or non-technical person and dont know, Do you want to make money with cryptocurrency in 2023? Yet neither saw popular appeal until the past year or so, thanks in part to Musk's tweets back in May. CryptoGlobally is the Best Learning platform for Blockchain, Crypto, Web3, NFT, Metaverse, Trading, tools, Investing, Career, and Decentralized Finance. Algorand Price Prediction 2023-2030: Will Algorand hit $100? In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. And as Shiba Inu skyrocketed, more and more investors flocked to this crypto with dreams of getting rich, too. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. ALPINE ESPORTS SIGNS QANPLATFORM AS ITS OFFICIAL BLOCKCHAIN PARTNER TO SUPPORT FAN ENGAGEMENT, TEAM PERFORMANCE AND OPERATIONS, Metacade presale stage 5 selling out as strategic partnership with MEXC is confirmed, Institutional Pipe Investor With $2bn In Executed Financing Commitments Launches Digital Asset Investment Firm, Coinmash Acquires Augur Dispute Crowdsourcer Domain dispute.tools. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. 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. While SHIB has some great momentum at the moment, the crypto does have its limitations. Both are highly impractical at the moment. Therefore, Shiba Inu will not be a good investment choice. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. The Motley Fool has a disclosure policy. Another point against SHIB reaching $1 is its supply inflation according to our data, Shiba Inu supply has increased nearly 8% year-over-year, making SHIBs prospects of reaching a $1 milestone all the more unlikely. 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". His coin gained a very huge marketcap because of hype without having the actual product. site: MoneyMorning.com, You can only speculate. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. 0 coins. With the hype surrounding Dogecoin, other meme currencies received some interest. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. To put that into perspective, there are more than 32 million businesses in the United States alone. I don't think so. Fetch.ai Price Prediction 2023, 2025 and 2030, Will VeChain reach $1, $10? Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. This could make Shiba Inu one of the main cryptos to explode in 2023. The possibility of such a price action taking place is theoretically impossible, given that the global GDP of all countries is just around $100 trillion. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit. Although the possibility of Shiba Inus coin being worth $1 is slim, it is not impossible. Theoretically and statistically, its not possible to do so now. Your email address will not be published. Let me explain why. As a result, Shiba Inu took off. 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. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. now ask the question to yourself Will Shiba Inu coin reach 50 cents?. Even 5 years is too long in crypto. But despite this drastic climb higher, the crypto isn't going to hit $0.50 anytime soon. Shiba Inus metaverse is being built by the team. Can Fetch.ai reach $10, $100? Nowadays, cryptocurrency is a game of speculation. The price of SHIB will always be at most 10 cents. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. Soloway's price projections have historically been accurate. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. The coin has traded . Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. Interest in Shiba Inu is rising across Google Trends with the top search "will SHIB reach 1 cent" seeing a 600% increase in searches over the last 24 hours.. On Twitter Inc TWTR, the hashtag # . Or to contact Money Morning Customer Service, click here. If the Shiba Inu price increases by 30% annually it will take 25 years for Shiba Inu to reach 1 cent. Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. But how sustainable is that growth? This is because this cryptocurrency was introduced as a joke. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? This is Shiba Inus starting use case. These investors, often newcomers, may not understand the risks and may lose money in the short or long term. In theory, this is feasible but in practice, this would be quite difficult. 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. Stacks Price Prediction 2023: Will STX reach $100? Invest better with The Motley Fool. With the demand for experienced, The first Dogecoin on Solana, Bonk Meme Coin, is gaining popularity in the crypto community. ados.run.push(function() { The Motley Fool has positions in and recommends Ethereum. It may not even reach one cent. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. Partnerships and community play a crucial role in building Shiba Inus ecosystem. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. 5 inches tall at the withers (between the shoulders blades), making them a . FinaceTeam.net offers its reader the latest news and financial turmoil going worldwide. The forecast accuracy remains moderate to low as there are numerous dependent factors like Government regulation, Shiba Inu leadership, and community cohesion. POLKADOT etc. More token burns are needed to help the price of Shiba Inu reach 1 cent. 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. This could be similar to the run of Dogecoin itself. It could even take years of sustained positive performance for that to happen. In the best-case scenario, it predicts that the price of SHIB could reach $0.000270 by February 2024, based on technical analysis data aggregated on February 6. 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. Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? Blur Crypto Price Prediction 2023-30: Will Blur Token reach $100? The answer to Will Shiba Inu reach 50 cents? is no because it does not have an independent mining system. Write by: . It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. Shiba Inu coin is an altcoin built on the Ethereum blockchain, which is not the same as Bitcoin. They are called meme coins. Also, developing more utility for the Shiba Inu coin will help its value. Your email address will not be published. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. The enabling factors are community engagement, execution plans for the future, and the likely growth of cryptocurrencies in the future. Shiba Inus performance in 2021 was spectacular, and many expected it to continue the same run the following year. If the Shiba Inu team implements those effectively, the prediction accuracy will improve. But it might reach 1 cent after some years of token burns and deflationary mechanics. 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. We also can see that we will get Shiba Inu at a cheaper rate than what is now. SHIB hit its highest point at the end of 2021 when its prices rose by 250%. This could be similar to the run of Dogecoin itself. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. By Money Morning Staff Reports, Money Morning October 13, 2021. While Dogecoin has a. In fact, it is still very unlikely, but it is theoretically possible. If more chips are burned, demand will increase as supply decreases. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. 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 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. The short answer is that nobody knows. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. The real question is what are the 3-4 factors that could drive Shiba Inu towards 1 Cent, Here is why Dogecoin is better than Shiba Inu, To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. It's because $274 Trillion is 3.5 times the world's GDP! Many cryptocurrency experts predict the value of the Shiba Inu in 2023, but it is not guaranteed, so be careful. *Average returns of all recommendations since inception. That's the massive token supply. All rights reserved by Redhatmedia. Why is this such a big deal? 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. Interestingly, the creator of Shiba Inu Coin transferred half of the total coin supply to Vitalik Buterin, the founder of Ethereum, and the other half threw away the key and locked it in Uniswap. The crypto is on the rise this year, with a gain of 64% so far. But in the end, the big winners were Dogecoin and Shiba Inu. The combined value of. It could happen if enough SHIB token is burnt. 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. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. The current forecast suggests it will take 25 years to reach this level. 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