And there is never an accurate answer to the price action and direction that Shiba Inu, or any other cryptocurrency for that matter, will take in the future. Yes. Its why they are Trillion dollar company. The most you can do with SHIB tokens is transfer them from one wallet to another. According to the figure above, for SHIB to attain a market size of $54.9 trillion, the overall market cap of Shiba Inu must be 549 trillion x $0.10 = $54.9 trillion. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Will Shiba Inu Reach 1 Cent? On Wednesday, the price of Shiba Inu coinwhich trades as SHIBsurged 33% to reach an all-time high of $0.00005478. A single SHIB coin is . Coin Price Forecast predicts Shib will trade at $0.00004266 at the end of 2022. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Shibarium is being established as a layer-2 blockchain to improve the scalability of Shiba Inus host chain Ethereum. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. 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. This is a . An example of data being processed may be a unique identifier stored in a cookie. 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. While on our last post we wanted to remind everyone that BONE ? This is impractical. *Average returns of all recommendations since inception. 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? It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. According to our SHIBA INU price prediction, SHIB is expected to reach a price of $ 0.000016 by Mar 07, 2023. Following the massive drop, the price has gradually returned to normal. Check outGoCharting! Dogetti: The Dogefather of Meme Coins Family and community are the foundation of this coin's success. Many articles, YouTube videos, and forum posts claim Shiba Inu (SHIB) crypto can or have the potential to reach $0.10 in value. No one expected but now Shiba Inu changed landscape of meme coin niche by following footstep of Dogecoin. The purpose of Shibarium is to drastically reduce transaction fees. The. At that kind of size, even a 2x price increase would have required a massive amount of capital to flow into SHIB. For Shiba Inu, the one clear-cut catalyst that provides make-or-break potential in 2023 is Shibarium. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. Nimiq (NIM) Coin Price Prediction 2023, 2025, 2030, 2040, 2050, Xswap (XSP) Coin Price Prediction 2020, 2021, 2025, 2030, Pi Network Price Prediction 2023, 2025, 2030, 2040, 2050, Bittorrent (BTT) Coin Price Prediction 2023, 2024, 2025, 2030, 2050, Cardano (Ada) Price Prediction 2023, 2025, 2030, 2040, 2050, Bitcoin SV (BSV) Price Prediction 2023, 2024, 2025, 2030, 2050, Maker (MKR) Price Prediction 2023, 2025, 2030, 2040, 2050. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. At the time of writing, the ERC-20 token is trading around $0.00002076. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. To get Shiba Inu (SHIB) to $0.10, the entire market value of SHIB must be $54.9 trillion multiplied by $0.10. What would it take for. 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. It is less likely that Cardano will crash lower than $0.30. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. This is a major development because the primary criticism directed at Ethereum is its increased gas fees and low latency functionality. Jack Ma, Elon Musk, Edward Snow, Chamath, cathie wood, Changpeng Zhao and jack dorsey tweeted when shib will explode to reach 1 cent or $1 in 2021. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. Apple, Tesla, Google, etc., are precious companies because they make excellent products that consumers use and love. 6% of every transaction is redistributed to all holders of Surge Inu, Surge Inu promises to buy SHIB and $SURGE at any major market cap milestone and burn the supply. It's certainly not impossible; but it'll need a lot of help to get there. What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? However, the fact remains that some people are drawn to coins that have a low price per unit due to the cheap coin fallacy. The token is trading 87% down from its all-time high price, so people buying SHIB at current price levels are truly buying the dip. Shiba 2023 Price Prediction in INR: Shib is predicted to touch 0.0025 by the end of 2023. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. 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. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. For more than a century, the stock market has been one of the greatest wealth creators on the planet. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. The price of SHIB soared from 0.00001 to 0.000014 US dollars. No, we don't even expect 1 cent price for Shiba Inu in 2025. CryptoTicker announces its first NFT Collection How to participate? Despite its low price per unit, Shiba Inu has surpassed 1.3 million unique addresses . As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. This would represent a 32.18% price increase for SHIB in the next 5 days. Well explain why SHIB will never achieve 10 cents in this essay. For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. Coin burn involves sending tokens to a dead blockchain address where they can no longer be accessed. In addition, the SHIB burn rate in February has fallen short of expectations, which is likely to reinforce bearish sentiment. Despite Ethereums recent move to aPoS network, transaction speeds are still yet to drastically improve. Top 10 Meme Coins That Could Skyrocket In 2023. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. Nevertheless, rumors have been swirling on social media that this public test is coming relatively soon. To add to this list, coin burn is unlikely to provide the benefit SHIB holders expect or hope for. The price of Shiba Inu increased significantly at the end of October. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. 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. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Shibarium would change all of that, with operations moving on to this separate network. The crypto community often predicts prices of Shiba Inu coins falling to a cent of dollar only! CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. New Uptrend 2023? 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. It could happen if enough SHIB token is burnt. The token was presented as an alternative to Dogecoin, and was sometimes referred to as the Dogecoin killer. Let's find out. No consumer protection. A number of specific catalysts would be necessary for SHIB tokens to catapult to $0.001. In other words, it removes coins from the circulating supply and, in theory, makes each remaining token that much more valuable. Over the past 24 hours, Shiba Inu has experienced a decline of 0.12%. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. Investors are still on a wait-and-see mode, and there is no telling when the crypto prices will start climbing again. SHIB, on the other hand, is a currency rather than a commodity. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. This was a reach even in the bull market, and is extremely unlikely now. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. As of this writing, there's no set date for when Shibarium will be beta-tested in public view. This was a reach even in the bull market, and is extremely unlikely now. SHIB was largely unknown for about half a year after it was created. 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. Instead, this is due to several features unique to the token. 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. It defies logic that SHIBs market value is 54 times more than Bitcoins, 100 times greater than Ethereums, 27 times greater than Apples, 2.5 times greater than US GDP, or half of global GDP. However, the bigger issue for Shiba Inu is that it's unable to differentiate itself from more than 22,000 other cryptocurrency projects. 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. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. This was already a feature of Dogecoin, which launched back in 2013, but the newer generation of meme coins like Shiba Inu has taken this concept to the extreme. SHIB. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. All these developments will improve Shiba Inu's functionality and could boost its price. now, question will it continue to highlight that top gainer list and will Shiba surpass Dogecoin and other crypto for best investment of year 2021. Is SHIBA INU even Alive? Dogecoins massive price increase in the early part of 2021 led crypto speculators to look for the next Dogecoin, and the market settled on Shiba Inu as the best candidate. The next time someone tells you SHIB is going to 10 cents soon, they are effectively arguing that all 7.8 billion people on Earth are about to pour their cash and savings into SHIB. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. Shiba Inu is nothing but Japanese Dog breed started as meme coin and now become biggest investment in crypto world. Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. Chipotles first investment in bitcoin Microsoft is a company that specializes in (MSFT), Amazon is a company that sells books (AMZN), The Total Market Capitalization of the Worlds Stock Exchanges. 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. Why the sudden change of heart, though? Will Shiba Inu coin reach $1? The only way that shiba inu eats zeros is if the quantity of coins drops drastically. 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. Shiba currently based on Ethereum blockchain and it currently have no big utility apart from NFT and community. 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. Platform has 3 active product that include Shibaswap, leash and Bone token. In fact, it is still very unlikely, but it is theoretically possible. This price represents a 5% fall in 24 hours, a 13% loss in a week and a 3.5% decline in the last 30 days, with the meme token unable to escape the wider market's problems. SHIB is a monetary token on the Ethereum network. We can safely assert that a cryptocurrencys long-term viability is mostly dependent on technology and community, based on our experience. 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. Shiba Inu Traded Volume SOARS! however, Robinhood faces backlash for memecoin listing and even other exchange also facing similar kind of situation. Though it has a loyal following on social media, people cheering in the stands doesn't change the fact that Shiba Inu offers no competitive advantages. For those of you keeping score at home, this sort of return allows for an investor to double their money, on average, about once every seven years. While Ethereum's network is highly trusted, it has a tendency to bog down due to its popularity. When he is not writing, he is looking to meet new people. Bitcoins price had repeatedly broken out of a long sideways movement, resulting in a 40% increase. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. Shiba Inus biggest catalyst yet may be days away. 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. 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). I don't think so. //