It makes up 11.94% of their total holdings. Is it possible for the coin to reach one cent? Lets go over it in more detail. Interest in blockchain-based gaming, as well as NFT trading/ownership, has fallen off a cliff. While the coin first dipped by over 94% in its first year of trading, the price of Shiba Inu exploded in 2021, recording a massive 43,220,000% growth and hitting an all-time high of $0.00008819 in October 2021. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. Solanas Network Outage: A Sign of Trouble for Investors? The currency will be used to pay for items on doggi.shop, which sells all sorts of handmade products from traditional Japanese crafts such as gifts and stationary to modern designs like bags and jewelry made with Shib coins themselves. Meme coins, in particular, had to accept even greater losses. At the moment, no one believes that Shiba Inu will reach $10 in the near future, and certainly, no one believes it will reach $100 in our lifetime. As investors, we must be passionate about our investments. There is a lot of optimism within the crypto community that Shiba Inu prices will resume the climb and continue rising into the near future. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! Therefore, the SHIB coin is not something new. 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 market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. Shibarium Update ? As of writing, SHIB's price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. It is not anchored on unique blockchain technology - just hosted on, Price prediction websites, crypto experts, and even, website paints a rather grim future for the altcoin. Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. Can Cardano reach $2 in 2023? 1 zero needs 10% of coins burned. 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. Shibarium developers want to make Shibarium one of the most desirable networks for dApps growth, particularly since dApps (decentralized applications) are among the most fiercely debated subjects in the cryptocurrency world. That's unlikely to happen. The GDP of the entire planet earth is around $80 Trillion. 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. If the cryptocurrency market enters another bull run, SHIB could very well be one of the meme coins to explode. Why the sudden change of heart, though? A number of specific catalysts would be necessary for SHIB tokens to catapult to $0.001. Its not only the pioneer but also has the most prominent crypto following in the world. We still suggest to do your own research before investing because there more option in crypto industry that really have great utility that stays forever. And if the uptrend that the token has posted in October 2021 is anything to go by, Shiba Inu can be expected to resume its price rally soon. Independent miners worldwide run thousands of mining computers (rigs) to keep the network alive and running. Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. First, the recent crypto shock took the market by surprise and threw it into disarray. Just like the broader crypto market, the Shiba Inu (SHIB) price is currently at a crucial turning point from a technical chart analysis. Although it eventually pulled back to finish 2021 higher by a "pedestrian" 46,000,000%, Shiba Inu enthusiasts still believe it can reach $0.001 (one-tenth of a penny). To reach $1 shib would need to be 100 trillion, worth more than the value of every asset on the planet as of 2017 (80 trillion ish). Bitcoin, Dogecoin is a standalone cryptocurrency. As a result, the price per token is extremely lowat the time of writing, 1 SHIB is only worth $0.00001110. We also can see that we will get Shiba Inu at a cheaper rate than what is now. Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. The answer to this question is no, it will not reach 10 cents. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. At the moment, no one believes that Shiba Inu will reach $10 in the near future, and certainly, no one believes it will reach $100 in our lifetime. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. The news heightens Shib Inu's visibility and offers more purchasing access to prospective buyers. We know top market exchange also interested to bringing shiba on their platform after seeing huge spike in community. They are, however, not convinced that the token can reach $100 or $10 in the next few years. Now coming back to topic, as our platform suggested different prediction for Shiba Coin, as being one of the small investors of Shiba most of you wanted to know what is next target for Shiba in coming months or year. No consumer protection. It's certainly not impossible; but it'll need a lot of help to get there. 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. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. Shibarium will also incorporate a burning mechanism in which SHIB tokens will be burned with each transaction. Having read the woof paper from start to finish, the end goal of the devs is to create the largest decentralised ecosystem in the world. That's 1,000 trillion. 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. There are still some coins that are worth investing in. The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. That is why Bitcoin is the most popular cryptocurrency. They are cumulatively holding $601 million worth of SHIB tokens. Can Shiba Inu Reach $1? On the one hand, Peter Mallouk, Creative Planning CEO, stated that . Each offers distinct ways for stockholders to raise their investment return. 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. Get all Latest News about shiba inu voyager, Breaking headlines and Top stories, photos & video in real time In fact, it is still very unlikely, but it is theoretically possible. Perhaps no cryptocurrency is more responsible for setting the bar high -- at least when it comes to one-year returns -- than meme coin Shiba Inu (SHIB). Missed DOGE? Shiba Inu is one of the most popular cryptocurrencies out there. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023? However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. The Shiba Inu coin, launched less than a year ago and named after the dog breed, is a cryptocurrency that trades as SHIB and champions itself as the "Dogecoin killer.". Don't Miss: Could Shiba Be A Millionaire-Maker Coin? The cryptocurrency was made as a joke in the likeness of the dog breed Shiba Inu. 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. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. The creator of Shiba Inu is known under the pseudonym Ryoshi. Shibarium will provide a strategy for burning SHIB tokens. You might actually LOVE this Answer! Sometimes, we refer to such cryptocurrencies as penny cryptos. Shib coin is a new cryptocurrency that has been designed for the Shiba Inu, famous for being one of the smallest and cutest dog breeds in Japan. Because Shiba Inu is constructed on Ethereum, these considerations have slowed significantly the SHIB networks development. The Federal Reserve estimates that there are around $8 trillion in coins in circulation across the globe. The Numbers are IN! Cost basis and return based on previous market day close. As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. This could be similar to the run of Dogecoin itself. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. SHIB is trading up 29% to $0.00001037 at the time of writing. I don't think so. Some do not even believe that Shiba Inu has what it takes to reach $1 by 2026. So, it is possible for Shiba Inu also to reach 1 cent. After learning about Shiba Inu you will better understand is Shiba Inu a good investment for long term? It would be worth more than the entire cryptocurrency market today. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. The following are the advantages: While most crypto users are already aware of SHIBs meme token, it is trying to expand beyond its preliminary public image, with a rising community that includes a DEX, NFT, and a game influenced by Shiba Inu. Unfortunately, developers have stated that technical issues delayed the public beta test of Shibarium. So, if there is a cryptocurrency bull run again and demand for Shiba Inu rises, interested buyers will have no problems with acquiring the token. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. But it took until 2021 before it was worth a cent. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. All these developments will improve Shiba Inu's functionality and could boost its price. In contrast to Dogecoin, which has its own blockchain, SHIB is issued on the Ethereum blockchain. Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. Input your search keywords and press Enter. Tax on profits may apply. In recent weeks, theShiba Inu coinhas seen significant price fluctuations. It's going to take some time but 50 mill shib at 1c,5c,10c,50c or $1 per t. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Elon musk recently asked to reveal how much he holding Shiba token and he replied none. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Heres a table that shows the market cap of various popular stocks and metals in the world. Although it eventually pulled back to finish 2021 higher by a "pedestrian" 46,000,000%, Shiba Inu enthusiasts still believe it can reach $0.001 (one-tenth of a penny). However, this doesnt mean that its impossible for the SHIB price to grow. Even though weve hopefully demonstrated that you shouldnt expect SHIB to ever reach 1 cent, that doesnt mean that there isnt any potential upside for Shiba Inu. In reality, you shouldnt be looking at a coin or tokens price per unit when trying to see if it is undervalued or overvalued. In September, 1.5 million people searched for "Shiba Inu coin," believe it or not. (. Well, for starters, Shiba Inu is at the time of writing valued at $0.000020. Unfortunately, those claims are not only misleading; its dangerous for us the retail investors. Shiba Inu's price history. This is a huge difference from its 2021 lows of $0.00000516 and market cap of under $1 billion. Shiba Inu Price Prediction: SHIB/USD Weekly chart showing the price GoCharting. At a $0.01 valuation, the total market cap of SHIB will be $5.89 Trillion, which is 5 times more than Bitcoin, 10 times more than Ethereum, and 3 times more than Apple (AAPL), and 5 times more than Tesla (TSLA) market cap. On the Ethereum network, its another ERC20 token. This sparked a cryptocurrency rally. A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. With the hype around Dogecoin, other meme coins enjoyed some interest. In short, Shiba Inu (SHIB) will never hit $0.10 or 10 cents. . Instead, you should be considering the coin or tokens market capitalization, as thats what will actually allow you to get an idea of how it compares to other crypto assets in terms of size. Making the world smarter, happier, and richer. Shiba Inu Traded Volume SOARS! Investors are still on a wait-and-see mode, and there is no telling when the crypto prices will start climbing again. 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. Shib price prediction 2025 in INR: Shiba Inu is predicted to touch 0.008 by the end of 2025. $1 means almost 1803651% up from price $0.00005544 USD. Nonetheless, the price has been reduced even further. How will Shiba Inu Perform in Q1 of 2023? Initially, the project will use the SHIB token to facilitate the purchase of Shiba Lands, which are made up of NFTs. SHIBA INU recorded 15 green days in the last 30 days. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? It's now the 13th biggest cryptocurrency by market value. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Shiba Inu Price Prediction: SHIB is Set To Explode? SHIB Burn Rate Turns Out Extremely Low In February In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. For more than a century, the stock market has been one of the greatest wealth creators on the planet. And according to the CoinMarketCap list of the largest cryptocurrencies, Shiba Inu - the Dogecoin Killer - is ranked in the top 15 cryptocurrencies with a market capitalisation of $11 Billion. Shiba Inu, on the other hand, has a supply of 549 trillion tokens. Cryptos are Consolidating! With momentum playing such a key role for digital currencies, the fear of missing out (FOMO) would be important. These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Dogecoins current supply is 132 billion coins, with about 5 billion new coins being added per year. As a result, Shiba Inu took off. The Big Ripple Price Prediction for 2023 How high can the XRP price go in 2023? Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. Its absurd that the total market cap of SHIB will be more than Bitcoin, Ethereum, Apple, Tesla, and other valuable companies when SHIB is nothing but an Ethereum based ERC20 token. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. This could be similar to the run of Dogecoin itself. Shibarium envisions being an ecosystem from which potential Shiba Inu projects will come up. Dogetti: The Dogefather of Meme Coins Family and community are the foundation of this coin's success. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. The reason is Shiba Inu belongs to a controversial niche with no real use-case. This token completed own by community and team member with transparent vision by developer. The Shiba Inu team is working on key products like Shibarium, and SHIB is positioned well thanks to numerous crypto exchange listings. As we dig in, Shiba Inu is the largest token held by the dollar value among the largest 100 ETH whales. Moreover, it has extended to include tokens such as LEASH, BONE, TREAT, and SHI, which serve numerous purposes in the environment. On the Ethereum network, SHIB is a monetary token. Shiba 2023 Price Prediction in INR: Shib is predicted to touch 0.0025 by the end of 2023. Here's what the prospects look like for SHIB as it struggles to reach the one cent mark. Nicknamed the "Dogecoin killer," many. Shiba market cap volume is crossed billion worth and now heading towards setting half trillion worth if more investor continues to show same interest. A currency does not have inherent value long term. It is to outpace Dogecoin and beat its market capitalisation even if the SHIB token prices remain under a penny. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. That said, people keep actively asking whether the Shiba Inu coin price could keep eating zeros and reaching the cent figure. Shiba Inus biggest catalyst yet may be days away. On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. This Meme Coin PUMPED 50% in the past 24 hoursWill it continue to Grow? Named after the quirky breed of Japanese hunting dogs, Shiba Inu Coin ( SHIB-USD) has surged from $3 billion in market cap to over $30 billion in the span of a few weeks. 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. Shibarium would change all of that, with operations moving on to this separate network. Finally, if Shiba Inu were to reach $0.001, it would have a market value of nearly $550 billion. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. This was a reach even in the bull market, and is extremely unlikely now. SHIB is built on Ethereums ERC20 protocol. Despite its low price per unit, Shiba Inu has surpassed 1.3 million unique addresses . Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. Please make cautious investments. Simply put, it's vanishingly unlikely that Shiba Inu will ever reach 1 cent, let alone any higher. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. It is not only the first but also the most popular cryptocurrency in the world. Will Shiba Inu Reach $1 or 50 cents? No, Shiba Inu will probably never reach and sustain a $10 token valuation. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. There is a mining mechanism in place for these cryptos. //