Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. The current price of SHIB (November 2022). No, Shiba Inu coins are not a good investment now. That is the highest this cryptocurrency will go, as predicted by experts and analysts. FinanaceTeam.net is an enthusiastic platform that covers everything from the global finance sectors. Its time to do a fundamental analysis of that project. However, price predictions are not set in stone, as market conditions can change radically. Efforts are underway to burn Shiba Inu tokens to reduce supply. But there is some good news ahead. 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. The community must also hold together during this period. Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. Unlike Bitcoin, which some companies offer as payment in place of a traditional salary, or Ethereum, which can be used to buy real estate on website like Propy, DOGE and SHIB lack any real-world utility. Keep this information in mind as you make investment decisions. Then the price of 1 coin will reach 1 cent. Stacks Price Prediction 2023: Will STX reach $100? Shiba Inu is expected to be worth $0 at the end of 2021, according to Coin Price Forecast. The coin was never intended to hold its value. Cost basis and return based on previous market day close. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. You can only speculate. is required to be around $5.5 trillion. Can Shiba Inu Reach $1? The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Free Crypto Tax Calculator USA, UK, India, Canada, and more! Additionally, try to see its price graph. 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. 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. How do you identify whether its a scam or a good project? That makes it something of a joke inside of a joke. While Dogecoin has a. How Can I Benefit From Investing In Crypto? The most critical of them is the widespread acceptance of Shib because of the wide variety of use cases. As we can quickly deduct from the table above, the likelihood of the Shiba Inu price coming anywhere close to $1 at current levels of circulating supply is simply not feasible. As before, the primary limiting factor is the outstanding supply of SHIB, which at current amounts would produce a market capitalization of $275 trillion if the meme coin reached the $0.50 mark. 5 to 16. 7 Best . Not long after, SHIB started a steady climb upward. It's because $274 Trillion is 3.5 times the world's GDP! That is a staggeringly small number in the grand scheme of things. With the current price of Shiba Inu being $0.000009 with a trading volume of $274 Trillion, almost half of its coins need to be burned to increase its price to 50 cents and more. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. It might be difficult to do. But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. Its current circulating supply is about 550 trillion tokens. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). In this article, well discuss Shiba Inus prospects of hitting major price milestones and explore SHIBs price predictions. site: MoneyMorning.com, The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. It has pumped more than 110%, Do you know that crypto jobs are in high demand? 7 Crypto Jobs That Can Make you a Millionaire, Satoshi BTCs core Mining (App) Scam Or Legit Truth, How to Do Fundamental Analysis on Crypto Projects, 15 Easy Ways to Make Money with Cryptocurrency [2023], How to Build a Millionaire making Crypto Portfolio [2023]. The reason is Shiba Inu belongs to a controversial niche with no real use-case. There's not enough money even in the entire world that can propel SHIB's price to 50 cents. For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. A combination of these factors, along with positive market conditions, can lead to Shiba Inu achieving its price target. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. That abundance is part of the joke. Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. 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.". In 2013, when the crypto space started becoming the spotlight and pioneer of the digital era, no one was aware of a Dog-themed meme coin that could take over the crypto-verse by storm. That's unlikely to happen. Elizabeth II's eight grandchildren stand vigil guard around their grandmother's coffin. Does Shiba Inu Have A Future? With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. While there are a few cases of Tokens rising 32279 times, in reality, such rises are rare Let us take a specific scenario If Shiba Inu gains 30% a year (assuming a burn of 50% of its supply) it will take 43 years for Shiba Inu to reach 50 cents. 1 Million Shiba Inu will be worth $10,000 if Shiba Inu hits 1 cent, 1 Million Shiba Inu will be worth $100,000 if Shiba Inu hits 1 cent. It was created as a joke and meant to be traded for fun. Also, developing more utility for the Shiba Inu coin will help its value. The Motley Fool has a disclosure policy. They are constantly creating more and more SHIB, so the supply is always rising. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. We saw the same thing with Dogecoin (DOGE), the meme-spired crypto championed by Elon Musk, when it rocketed 11,000% during the peak of its hype. The recent gain of over 300% has brought a ray of hope to its long-term holders with a price goal of $0.5. Samsung to reduce shipments of chips based on older manufacturing nodes, favoring 3nm, Youll be able to delete the last 15 minutes of your Chrome history with a shortcut, Ether.Fi protocol raises $5M to decentralize staking, Bitcoin Delivers Major Bullish Signal for First Time in Over a Year. But why is it so? Shiba Inu has a total supply of 1 quadrillion tokens. 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. 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. The possibility of such price action taking place is theoretically impossible, given that the global GDP for all countries is just around $100 trillion. Invest better with The Motley Fool. 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. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. Copyright 2023 CryptoGlobally | Powered by CryptoGlobally, Sandeep Nailwal to help India during the COVID-19 pandemic, How to do Fundamental Analysis On Crypto Projects, How to Become a Crypto Millionaire [2023], What is Metis Crypto? Highly Unlikely. 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. If Shiba Inu surpasses this resistance level and holds its price above it, it can soon jump to the next price level of $0.0000167. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. The EMA-100 and EMA-200 are trading in bullish territory, hinting at a further upward momentum for Shiba Inu. /* load placement for account: Money Map Press, In fact, it is still very unlikely, but it is theoretically possible. Solana Price Prediction Today. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Although it was 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. But that doesn't mean Shiba Inu will even come close to replicating those gains. While SHIB has some great momentum at the moment, the crypto does have its limitations. First, let's talk about Shiba Inu's spectacular arrival on the scene not too long ago. The intraday trading volume of the Shiba Inu coin is $172.5 Million, indicating a 12% loss. That doesn't allow for appreciation since there is always some more in circulation than those who demand it. The popular meme token soared about 45,000,000% back in 2021. 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. Shib Price Prediction for 2022 Therefore, if you invest $100 now in SHIB tokens, you can expect to earn $914 in the future. 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. Because everyone understands that Web3 is, Do you want to use polygon blockchain but you dont have enough Matic tokens to pay the gas fees? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 2023 Money Morning All Rights Reserved. Shiba Inu quickly gained popularity due to the widespread use of the Shiba Inu image. Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? Similarly, the total trading volumes dropped more than . On 29 October, SHIB made further spikes in the price chart and tried to break its immediate resistance level at $0.000015 but faced rejection due to several ongoing macroeconomic factors such as CPI data, inflation rate, interest hikes, etc. The winning cryptocurrencies likely will stand out from the crowd. Its because $274 Trillion is 3.5 times the worlds GDP! But it should set you on the right track for great returns over time. Bitcoin also appears to have bottomed out near $19,000. 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. The 2022 decline is not the reason why the Shiba Inu coin will probably not reach $1. So Shiba Inu doesn't look particularly exciting compared to blockchains offering a broad range of uses, such as the creation of decentralized applications (dApps) and non-fungible tokens (NFTs). Shibarium is the layer-2 blockchain being developed by the Shiba Inu developers. Here are a few popular exchanges where you can purchase Shib: Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin. now ask the question to yourself Will Shiba Inu coin reach 50 cents?. The more it is used for transactions, the higher the burn rate. Shiba Inu Holder Transfers SHIB from Wallet to Exchanges: It is reported that Shiba Inu investor holding a huge number of SHIB token in Wallet 0xd6 has transferred around 182 billion shiba inu tokens to Crypto exchanges Gemini andCrypto.com. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. zone: Popup - MM, The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. This was a reach even in the bull market, and is extremely unlikely now. Even 5 years is too long in crypto. Yes, it is possible for Shiba Inu (SHIB) to hit 1 cent. Shiba Inu isn't a blockchain. Will Bitgert reach 1 Cent? As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. Is the Shiba Inu coin a Pump Dump scheme? But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. This led to Shiba Inu price fall by nearly 7%. Required fields are marked *. AGIX SingularityNET Price Prediction 2023-2030: Will AGIX reach $100? And why it can cause Shiba to reach 50 cents? 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. Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. 2021. In fact, it offers a lot less in some cases. Soloway's price projections have historically been accurate. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. If you see its price increase, you can make the best decisions depending on it. With burns of 2-3% a year, this can even be faster and the market cap requirements could be much lower. While the cryptocurrency market is highly volatile and often unpredictable, SHIB is still a relatively new coin and has not yet established a consistent track record of growth. 458 votes, 259 comments. Theoretically and statistically, its not possible to do so now. If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. If we assume 30% growth, SHIB can reach 1 penny in the next 25 years. *Average returns of all recommendations since inception. That's the massive token supply. The burn rate should sustain at the current rate and many of Shiba Inus initiatives will have to be completed as planned. These days -- and in the future -- investors may look at crypto players with more and more of a critical eye. Although the answer to the question Will Shiba Inu reach $1? or probably not, the possibility of the coin reaching 1 cent is much higher than 1 dollar or 50 cents. But why is it so? Dont worry,, Many people are mining Satoshi core BTCs using the Satoshi app without knowing whether the app is legit or a scam., How to find the Best Crypto project using fundamental analysis. This amount of market cap is virtually impossible to reach. All of these developments will improve the functionality of Shiba Inu and may increase its price. Who knows when Bitcoin was $1, it could go to $69,000. It's simply a token that runs on the Ethereum network. By 2026, the number 29 will be in effect. Could Shiba Inu Help You Become a Millionaire? With a $1 price tag, Shiba Inu's market value would reach $550 trillion. Will Shiba Inu reach 50 Cents? 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