This sparked a cryptocurrency rally. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. But more than that is needed to reach $1 due to its humongous supply. 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. CoinCodexs SHIB prediction does not see it being worth 1 cent by 2024. Should You Buy Shiba Inu While It's Below $0.01? The Numbers are IN! if shiba goes to 1 cent how much will i get. pic.twitter.com/zQRoOuL9oW. If SHIB were to reach $0.01, it would have a market capitalization of approximately $5.89 trillion, which would be 4.6x larger than Bitcoin at its very peak. That's when it soared a mind-boggling 45,000,000%. Shiba Inu coin: What experts say about the 'Dogecoin' killer hype - Fortune With an estimated 549 trillion SHIB coins still in circulation, per CoinMarketCap.com, a big burn event would be needed to pump up the value of each remaining token. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. The creator of Shiba Inu is known under the pseudonym Ryoshi. As we dig in, Shiba Inu is the largest token held by the dollar value among the largest 100 ETH whales. Shiba Inu, on the other hand, has a supply of 549 trillion tokens. It's certainly not impossible; but it'll need a lot of help to get there. SHIB has gained about 25,000,000 percent over the past year, putting its average monthly growth at more than 2,000,000 percent. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. Still, Shiba Inu,. However, the Shiba Inu coin was also negatively impacted by the FTX crash in the days that followed. Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. Will Shiba Inu (SHIB) Coin Reach 10 Cents? - ProVsCons In this article, well be tackling the question of whether its possible for SHIB to hit a penny. Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. Is Shiba Inu A Good Investment For Long Term 2023 Moneymint Keep track of your holdings and explore over 10,000 cryptocurrencies. The will shiba inu reach $1 cent in 2022 is a question that many are asking. So, if the market cap of Shiba Inu would be so outlandish if SHIB reached $1 or even $0.01, why do we see people mentioning these price targets so often on social media platforms? However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. Let's take a closer look. Will Shiba Inu prices rise again? Well explain why SHIB will never achieve 10 cents in this essay. This does not mean it is a certainty. Will Shiba Inu Reach $1 or 50 cents? SHIB Price Prediction 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 only significant difference was the creator built Shiba Inu on the Ethereum network. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. Right now, Shiba Inu trades for a fraction of a cent. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? Most meme coins have a very large circulating supply, which results in a low price per unit. Here Are The Two Other Dog Token Alternatives. Not only are these games a lead-in to future metaverse ambitions, but they're expected to fuel a marketplace where NFTs can be bought and sold. Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. 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. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. What if Shiba Inu coin hits the 10cents ? Or even 1 usd? Do - reddit 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). Still, Shiba Inu, trading at a fraction of a cent, has a long way to go to reach $0.01. 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). Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. If these products are widely adopted, they could serve as a catalyst for the price of SHIB to move higher and make it one of the best cryptos to buy. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. The more it is used for transactions, the higher the burn rate. SHIB jumped 35% in the past 24 hours! Since its launch in August 2020, Shiba Inu Coin (SHIB) has become one of the most talked about cryptocurrencies on the market. Though the rate at which Shiba Inu price surges varies from one expert to another, the general feeling is that one SHIB token may be selling for between $0.000024 and $0.00038 by the end of 2025. Shiba token burning program protocol has changed, as initially token was transferred to Ethereum founder wallet. 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. But between Jan. 1, 2021 and Oct. 27, 2021, Shiba Inu did something that may never be repeated again by an investable asset. However, due to the general decline of the crypto market, that hasnt come to pass. 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. Shiba Inu Coin Price Prediction: What To Consider - SeekingAlpha since, 2020 Shiba has surged by 32k x and people who invested $1000 already reached to million worth investments. 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. //]]>. SHIB was largely unknown for about half a year after it was created. Even so, this sharp rise was overtaken by the latest doubling of the Dogecoin price. While $0.001 might be a target SHIB holders like to dream about, it's far likelier Shiba Inu gets sent to the doghouse in 2023. Will the Shiba Inu token reach .10 cents within 10 years? 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. On the Ethereum network, SHIB is a monetary token. Here's why. As a result, Shiba Inu took off. The crypto market is undoubtedly optimistic that Shiba Inu token prices will rise again and possibly reach new heights within the next 5 years. Well based on extrapolating data from November 1st 2021 (the all time high market cap) and February 4th 2023 (I just picked this date for no particular reason). As it happens, Shiba Inu first spurred these hopes when it skyrocketed by over 1,069% to its all-time high (ATH) of $0.00007924 back in late October 2021, only to drop 86.75% since then, at press time changing hands at the price of $0.00001137, as per data retrieved on March 3. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. In 2015, Dogecoin was also worth $0.00008690. This was a reach even in the bull market, and is extremely unlikely now. Update 2: Shiba Inu Makes Another All-time High - Wccftech How will Shiba Inu Perform in Q1 of 2023? The record price represents a near doubling of the value of the Shiba. 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. There are still some coins that are worth investing in. Are you lookingfor a chart analysis toolthat doesnt distract you with community messages and other noise? The Federal Reserve estimates that there are around $8 trillion in coins in circulation across the globe. The United States entire Gross Domestic Product (GDP) is about $20 trillion, whereas Chinas GDP is roughly $14 trillion, according to the Federal Government. The Motley Fool has positions in and recommends Ethereum. It means the Shiba Inu (SHIB) coin does not have any independent mining network. *Average returns of all recommendations since inception. They are, however, not convinced that the token can reach $100 or $10 in the next few years. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. This would represent a 32.18% price increase for SHIB in the next 5 days. This coin is also called the Dogecoin Killer. Shiba Inu Cryptocurrency Is a Dog That Just Won't Hunt 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. At the time of writing, Apple is the worlds most valuable company, with a market capitalization of about $2.14 trillion. Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. SHIB is based on Ethereum ERC20. Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. This is a major development because the primary criticism directed at Ethereum is its increased gas fees and low latency functionality. In this article, we look at 3 cryptos to buy , Is it still worthwhile to invest in Solana after the FTX scandal and the recent crashes? The crypto market always moves step by step with a full of context. This was a reach even in the bull market, and is extremely unlikely now. Shiba Inu Coin could reac. To make the world smarter, happier, and richer. For the last 7 days, Shiba Inu prices have been fluctuating and trading within the $0.000020 and $0.000022 range. In particular, developers want to create blockchain-based games that utilize non-fungible tokens (NFTs). They have alluded as much on the official Shiba Inu website stating that Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin. Key among them is its incredibly high maximum token supply, its clear lack of intrinsic value (real or perceived), and an apparent lack of clear goal - it currently focuses on beating Dogecoin and not creating value or growing Shiba into a technologically advanced ecosystem. 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. But over the past decade, cryptocurrencies have turned this traditional moneymaking strategy on its head. For example, it would not be so outlandish to say that a cryptocurrency with a market cap of $10 million could potentially 100x in price over a long enough time period. Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. 1 zero needs 10% of coins burned. Crypto asset investing is highly volatile and unregulated in some EU countries. 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. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. Cost basis and return based on previous market day close. From trough to peak, a $1 investment in Shiba Inu would have (briefly) made you a millionaire in 2021. FACT: Will Shiba Inu Coin reach $1 during the next Bullrun? More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. Shiba Inus biggest catalyst yet may be days away. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. Why the sudden change of heart, though? It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. At its peak on Oct. 27, a single SHIB token set investors back $0.00008841. No, Shiba Inu will probably never reach and sustain a $10 token valuation. No consumer protection. Upcoming developments. Also, developing more utility for the Shiba Inu coin will help its value. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. At its all-time high, SHIB had a market capitalization of $43 billion. Further, Shibarium's launch was widely expected last year. That is the reason why, unlike Dogecoin that has a clear mission of reaching $1, these developers only aim is to beat Dogecoins market cap. In January 2022, NFT trading volume totaled $17 billion. In August 2020, when Shiba Inu made its debut, it was one of thousands of nondescript tokens looking to make a name for itself in the digital currency space. And while the pressure on Bitcoin - which was the epicentre of the shock - has cooled down. Even though many crypto investors dismiss meme coins outright, the fact remains that SHIB is the 13th largest crypto asset by market capitalization, surpassing the likes of Litecoin, Polkadot and TRON. [CDATA[ Meme coins like Dogecoin and Shiba Inu Coin were particularly popular. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. The total maximum supply of Shiba Inu tokens is 1 quadrillion. It's simply a token that runs on the Ethereum network. 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. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. Shiba community crossed 1 million marks on social media platform including twitter, telegram, discord, reddit and more. Or you can invest in Shiba Inu or stake your holdings to earn passive income. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. (source). SHIBA INU Gained 3.12% in Last Month and is Predicted to Reach $ 0. Shiba Inu: A Brief Overview. Gaming doesn't look as if it's going to differentiate Shiba Inu, either. But the question remains - can SHIB reach the magical 1 cent mark? Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. 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. However, price predictions are not set in stone, as market conditions can change radically. We will concede that this answer could change dramatically in the future. Shibarium is the foundation for all of Shiba Inu's other potential ecosystem ventures. Shiba Inu (SHIB) will never reach $0.10 or ten cents. Still, this cryptocurrency may be days away from its biggest moment ever. 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. Shib price prediction 2025 in INR: Shiba Inu is predicted to touch 0.008 by the end of 2025. #SHIBA is a popular coin with a. However, the bigger issue for Shiba Inu is that it's unable to differentiate itself from more than 22,000 other cryptocurrency projects. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. Shiba Inu Price Prediction | Is Shiba Inu a Good Investment? - Capital Shiba Inu Coin Announced Plan to Reach $0.10! Step by Step - Explained Coin burn involves sending tokens to a dead blockchain address where they can no longer be accessed. Shiba Inu (SHIB) Price prediction and Analysis: 1INR by 2030 (Updated) We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. But will it be hard for Shiba Inu to reach $10? Shiba Inu Coin: Proof That Shib Will Reach 1 Cent in 2022 Did Gareth Soloway Predict a $0.10 Cent Shiba Inu Coin By 2023? This does not mean it is a certainty. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. Shiba Inu Price Prediction Shib Price is Up, Will it Continue to Climb? Can Shiba Inu Reach 10 Cents by 2024? - Webnews21 The Motley Fool has a disclosure policy. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. Shiba Inu Price Prediction: SHIB is Set To Explode? 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.