1 zero needs 10% of coins burned. For Shiba Inu, the one clear-cut catalyst that provides make-or-break potential in 2023 is Shibarium. The will shiba inu coin reach 10 cents is a question that many are asking. Sometimes, we refer to such cryptocurrencies as penny cryptos. 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. Shiba Inu Coin ON THE MOVE! 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. Nevertheless, rumors have been swirling on social media that this public test is coming relatively soon. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. Making the world smarter, happier, and richer. 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 Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. 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. Developers delayed the launch of Shibarium more than once last year. That'd be bigger than all but five publicly traded companies in the United States and would make no sense given SHIB's complete lack of utility. However, price predictions are not set in stone, as market conditions can change radically. The Big Ripple Price Prediction for 2023 How high can the XRP price go in 2023? Conservative Prediction: Can Shiba Inu reach $1 in 2023? So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. From there also . The total cryptocurrency market of all coins and tokens combined is under $2 trillion. From the above chart, we see that for SHIB to reach 10 cents, the total market cap of Shiba Inu has to be 549 Trillion x $0.10 = $54.9 Trillion. First, the recent crypto shock took the market by surprise and threw it into disarray. Adria Cimino has positions in Ethereum. Although it eventually pulled back to finish 2021 higher by a "pedestrian" 46,000,000%, Shiba Inu enthusiasts still believe it can reach $0.001 (one-tenth of a penny). Manage Settings 1$ SHIB Price Possible? The SHIB price is currently $0.000007949 at the time of writing. Therefore, the SHIB coin is not something new. Saudi Aramco is in second place with a market cap of $1.88 trillion and Microsoft comes third with a $1.75 trillion market cap. It could happen if enough SHIB token is burnt. 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. The more it is used for transactions, the higher the burn rate. In fact, it is still very unlikely, but it is theoretically possible. To reach $0.10 shib would need to be 10trillion, aka the most valuable asset in history. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. The big question on the minds of SHIB holders and cryptocurrency investors is whether Shiba Inu has an encore performance in the works. This is a huge difference from its 2021 lows of $0.00000516 and market cap of under $1 billion. Well explain why SHIB will never achieve 10 cents in this essay. Shiba Inu was launched in August 2020 without much fanfare. This is impractical. Shibarium is being established as a layer-2 blockchain to improve the scalability of Shiba Inus host chain Ethereum. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. 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. Cost basis and return based on previous market day close. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. If youre interested, check out our list of the meme coins that could be the next to explode. Elon musk also mentioned similar thing in different way, as they told people to focus more on product instead of farming, burning or other non-utility token. This could be similar to the run of Dogecoin itself. But that would depend on the success of the projects and whether they increase the level of adoption for Shiba Inu. That's unlikely to happen. The launch -- whether it happens then or later -- clearly could drive Shiba Inu higher. Over the past 24 hours, Shiba Inu has experienced a decline of 0.12%. From the fundamental side of things, the Shiba Inu team is working on several products that are geared towards making SHIB a more attractive token to hold. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. Gaming doesn't look as if it's going to differentiate Shiba Inu, either. The cryptocurrency Shiba Inu has wowed investors with its path up the charts. The price of SHIB soared from 0.00001 to 0.000014 US dollars. This is a big win for Shiba Inu and its investors. But will it be hard for Shiba Inu to reach $10? Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. 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. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. It was not uncommon for the total daily trading volume in SHIB to come in below $500 in the months following its debut, based on data from CoinMarketCap.com. Lets go over it in more detail. Finally, if Shiba Inu were to reach $0.001, it would have a market value of nearly $550 billion. since, 2020 Shiba has surged by 32k x and people who invested $1000 already reached to million worth investments. SHIB has begun offering NFTs named "Shiboshis" that cost 10,000 Shiba Inu coins which will help burn additional circulating supply. Will Shiba Inu reach 1 cent? The price has recently dropped to $0.0000082. So, should you buy Shiba Inu while it's trading well below $0.01? No, Shiba Inu will probably never reach and sustain a $10 token valuation. May 12, 2021 By Sam Sant Shiba Inu coin (SHIB) is easily the hottest new form of cryptocurrency. Most probably between end of 2024 or even start of 2025. This could drive the SHIB price to 1$. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025. So, it is possible for Shiba Inu also to reach 1 cent. 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. It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. Could Shiba Inu Help You Become a Millionaire? 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. Can SHIBA INU Coin Price Reach $0.01, $0.10 or $1.00? Shiba Inu is nothing but Japanese Dog breed started as meme coin and now become biggest investment in crypto world. While Dogecoin has a. The global GDP is estimated to be over $80 trillion. Here Are The Two Other Dog Token Alternatives. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. They are, however, not convinced that the token can reach $100 or $10 in the next few years. That is why Bitcoin is the most popular cryptocurrency. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. Is Shiba Inu Price BULLISH? These are some of the questions that every medium to long-term cryptocurrency investor is asking right now. 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. But it took until 2021 before it was worth a cent. As a result, Crypto traders are keeping an eye on. Please make cautious investments. On October 28, 2021,. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. On the other hand, SHIB does not create any product; its a currency. Will Shiba Inu (SHIB) Eventually Reach $100? SHIB Burn Rate Turns Out Extremely Low In February As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. The answer to this question is no, it will not reach 10 cents. 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. 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. Tax on profits may apply. The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. In recent weeks, theShiba Inu coinhas seen significant price fluctuations. Even during SHIBs all-time high in October 2021, when the token was trading at $0.0000881, SHIB would have needed to increase in price by 113x to hit a price of $0.01. 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. The price dropped dramatically from $0.000014 to $0.000009. Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. So, despite SHIB being similar to other ERC20 token coins, the community is the differentiating factor. Solanas Network Outage: A Sign of Trouble for Investors? Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. The first decentralized cryptocurrency was. As of writing, Shiba is unstoppable as it setting new all-time high record with time following positive news. Followers are speculating the launch of Shibarium -- a Layer 2 scaling solution -- could happen as soon as next week. As we dig in, Shiba Inu is the largest token held by the dollar value among the largest 100 ETH whales. Unlike Apple, Tesla, or Microsoft, it is neither a product nor a platform. It would be extremely difficult, to say the least. Generally, the burning mechanism for SHIB depends on its usage. So, will Shiba Inu reach 1 cent? Making the world smarter, happier, and richer. To Shiba Inu (SHIB) reach $0.10, the total market cap of SHIB has to be 549 Trillion x $0.10 = $54.9 Trillion. Let's take a closer look. Since the token runs on Ethereum, it's subject to the slow speed and often high transaction costs of that blockchain. Will Shiba Inu coin reach $1? This question seems to come up on social media multiple times per day. And that doesn't weigh in Shiba Inu's favor. However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. 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. It could even take years of sustained positive performance for that to happen. Without getting overly complicated, layer-2 blockchain is a series of secondary solutions overlaid atop existing blockchain to enhance functionality. 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. Dogecoins current supply is 132 billion coins, with about 5 billion new coins being added per year. Nonetheless, the price has been reduced even further. In a worst-case scenario, if ADA fails to rebound at the $0.35 price mark, ADA should go lower to reach the next target of $0.30. So it is essential to research any cryptocurrency before you decide to invest in it. How will Shiba Inu Perform in Q1 of 2023? With momentum playing such a key role for digital currencies, the fear of missing out (FOMO) would be important. Despite the fact that SHIB is identical to other ERC20 token currencies, the community is what sets it apart. Are You Bored with Shiba Inu? This is a fancy way of saying it's just a payment coin -- and there are countless digital currencies that could be used as a payment tool. This is a major development because the primary criticism directed at Ethereum is its increased gas fees and low latency functionality. Lastly, there would almost certainly need to be a large coin burn event. That represents a whopping 2.1 million percent jump. Expert analysis as token SURGES by 164% SHIBA INU has risen by more than 164 percent in a week showing bearish dominance in the market while dogecoin prices. But the cryptocurrency's potential is limited -- and as we saw last year, declines may happen quickly at any moment. While it seems. (source). Many articles, YouTube videos, and forum posts claim Shiba Inu (SHIB) crypto can or have the potential to reach $0.10 in value. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. There are still some coins that are worth investing in. The crypto community often predicts prices of Shiba Inu coins falling to a cent of dollar only! The hype surrounding Shiba Inu ( SHIB) is still there amid ongoing discussions on whether it faded away or not due to recent on-chain metrics. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. Lets see how this market cap stacks up against other financial products and see whether it makes sense. 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). Cost basis and return based on previous market day close. 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. However, this doesnt mean that its impossible for the SHIB price to grow. This is a Layer 2 solution that could solve some of Shiba Inu's problems. As an investor, we have to be impassioned. The most you can do with SHIB tokens is transfer them from one wallet to another. Because of the nature of these coins, this is the case. Dogetti: The Dogefather of Meme Coins Family and community are the foundation of this coin's success. As noted, Shiba Inu is an ERC-20 token on Ethereum's blockchain. Though Ethereum founder Vitalik Buterin was able to burn over 410 trillion SHIB coins in 2021 -- Shiba Inu's founder gifted roughly half of SHIB's 1 quadrillion token supply to Buterin -- future burn events won't come anywhere close to this level. On October 29, 2021, Shiba Inu's price increased by more than 10 times, giving the company a $41 billion market value. To make the world smarter, happier, and richer. This token completed own by community and team member with transparent vision by developer. Moreover, it has extended to include tokens such as LEASH, BONE, TREAT, and SHI, which serve numerous purposes in the environment. A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. Shiba inu community need to start working on utility and bringing more product on the platform. But first, let us look at its current price. Or you can invest in Shiba Inu or stake your holdings to earn passive income. Other projects being worked on by the Shiba Inu team include the ShibaSwap decentralized exchange, the Shiboshis NFT collection and SHIB: The Metaverse. Shiba Inu is of course not the only contender in the meme coin sector. https://twitter.com/ShytoshiKusama/status/1606678505378430980?s=20&t=FyxMz9Yn5vBSoJcau8-cDw, Now, the Shibarium layer-2 blockchain will be launched soon, according to one of the projects lead programmers on Twitter. The Numbers are IN! Well, for starters, Shiba Inu is at the time of writing valued at $0.000020. On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. A Look at Price Movement So Far 2021 was an exciting year for Shiba Inu Coin. This would represent a 32.18% price increase for SHIB in the next 5 days. But not a single price prediction we have come across shows the possibility of SHIB tokens selling for $10 any time soon. 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. 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. Like many altcoins, Shiba . Shiba Inu prepares for higher targetsWhere will SHIB go next? But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Read Also: Is Shiba Inu (SHIB) Worth Buying? This was a reach even in the bull market, and is extremely unlikely now. Things can be line people will pay less or even no attention to meme typed coins in 2025. Regrettably, such statements are not just deceptive; they are also harmful to us, the retail investors.