Will Shiba Inu prices rise again? There are presently 549 trillion SHIB coins in circulation, according to CoinMarketCap. When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. 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. To add, only 715 merchants on online business directory Cryptwerk were accepting SHIB as a form of payment, as of January 2023. While SHIB has seen massive price increases in the past, the chance of hitting large multiples becomes smaller as the market cap of the asset grows. It would be extremely difficult, to say the least. How high can Solana go? Instead, this is due to several features unique to the token. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin. 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. Input your search keywords and press Enter. Can Cardano reach $2 in 2023? 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. Shiba Inu is of course not the only contender in the meme coin sector. Nonetheless, the price has been reduced even further. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. Get all Latest News about shiba inu voyager, Breaking headlines and Top stories, photos & video in real time The will shiba inu reach $1 cent in 2022 is a question that many are asking. As of writing, SHIB's price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. Dogetti is inspired by The Godfather and presents a fun concept to the meme coins currency. we know in term of safety of trading it already passed criteria of Binance and Coinbase exchange. New Uptrend 2023? Interest in blockchain-based gaming, as well as NFT trading/ownership, has fallen off a cliff. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. FACT: Will Shiba Inu Coin reach $1 during the next Bullrun? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined. Generally, the burning mechanism for SHIB depends on its usage. In this article, well be tackling the question of whether its possible for SHIB to hit a penny. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; Check outGoCharting! How possible is this Cardano . Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. Can Shiba Inu Reach $1? SHIB is trading up 29% to $0.00001037 at the time of writing. This does not mean it is a certainty. In the best-case scenario, it projects that SHIB's price could reach $0.000270 by February 2024, accounting for the technical analysis data aggregated on February 6th. *Average returns of all recommendations since inception. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! The Answer might SHOCK You! However, SHIB is still mostly perceived as a speculative meme coin, so it will likely take favorable conditions in the broader crypto market in order for SHIB to see substantial gains. However, credit must be given where credit is due. SHIB is based on Ethereum ERC20. 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. This is a Layer 2 solution that could solve some of Shiba Inu's problems. May 12, 2021 By Sam Sant Shiba Inu coin (SHIB) is easily the hottest new form of cryptocurrency. SHIB Price Prediction, 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. But verily, it's foolish to think of Shiba Inu coin's worth $0.01, $0.10, $1 by 2025. We will concede that this answer could change dramatically in the future. Shiba Inus biggest catalyst yet may be days away. 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. (. 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. But a post on social media by Shiba Inu's lead developer prompted Shiba Inu watchers to speculate about a launch as early as next week. Looking at the 4-hour price chart, SHIB price is preparing to trade above the EMA-20 trend line as it witnesses a spike in trading volume. It would be worth more than the entire cryptocurrency market today. 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. Shiba Inu Price Explodes By More Than 90% since Jan! Before 2021, its trading volume was extremely low, less than $1,000 on most days. 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). Making the world smarter, happier, and richer. The SHIB community is robust on Reddit, Twitter, Facebook (Meta), YouTube, and other social media platforms. As a result, the SHIB coin is not a novel concept. So, should you buy Shiba Inu while it's trading well below $0.01? Over the past nine months, only 56 new merchants have come to accept Shiba Inu as payment on Cryptwerk. Invest better with The Motley Fool. 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. SHIB, on the other hand, is a cryptocurrency based on ERC20 tokens. 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? SHIB is a monetary token on the Ethereum network. Will Shiba Inu (SHIB) Eventually Reach $100? Investors were looking for the next big crypto star. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. LATEST Shiba Inu Prediction 2022: BUY SHIB at the current SUPPORT? Shiba Inu Coin ON THE MOVE! In short, Shiba Inu (SHIB) will never hit $0.10 or 10 cents. Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. 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. This could really drive the SHIB price in 2023. Burning the SHIB token is a way to reduce the total supply. Shiba 2024 Price Forecast in INR: Shib Coin is predicted to touch 0.006 by the end of 2024. The reason is Shiba Inu belongs to a controversial niche with no real use-case. Shiba Inu (SHIB) will never reach $0.01 or 1 cent because it is financially absurd and illogical. How will Shiba Inu Perform in Q1 of 2023? Like many altcoins, Shiba . Its why they are Trillion dollar company. Yesterday, Shiba beat Ethereum in 24-hour trending volume collectively on DEX and CEX. (source). This is a major development because the primary criticism directed at Ethereum is its increased gas fees and low latency functionality. All of this means Shiba Inu doesn't stand out from the competition. Unless something fundamental such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. I don't think so. Shibarium would change all of that, with operations moving on to this separate network. As a result, Crypto traders are keeping an eye on. however, Robinhood faces backlash for memecoin listing and even other exchange also facing similar kind of situation. Most crypto players offer the exact same things. That's when it soared a mind-boggling 45,000,000%. Dogecoins current supply is 132 billion coins, with about 5 billion new coins being added per year. Shiba Inu: A Brief Overview. It does not make any logical sense that SHIBs market cap can be 54 times more than that of Bitcoin, 100 times more than Ethereum, 27 times more than Apple, 2.5 times more than US GDP, or half of the World GDP. 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. As of this writing, there's no set date for when Shibarium will be beta-tested in public view. 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. Despite Ethereums recent move to aPoS network, transaction speeds are still yet to drastically improve. 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. And even Shiba Inu token developers know it. Despite its impressive performance in the past couple of years, Shiba Inu is very unlikely to reach $1 or 50 cents because its circulating token supply is simply too large. Cost basis and return based on previous market day close. Still, Shiba Inu,. Sometimes, we refer to such cryptocurrencies as penny cryptos. Unfortunately, those claims are not only misleading; its dangerous for us the retail investors. Shiba Inu is an ERC-20 token that's built on the Ethereum (ETH -0.43%) blockchain. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. Is it possible for the coin to reach one cent? From there, ADA should rebound higher as what happened previously. 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. All of this means Shiba Inu isn't likely to reach $0.01 anytime soon. And according to the CoinMarketCap list of the largest cryptocurrencies, Shiba Inu - the Dogecoin Killer - is ranked in the top 15 cryptocurrencies w. ith a market capitalisation of $11 Billion. It indicates that the Shiba Inu (SHIB) currency has no autonomous mining network. On the Ethereum network, its another ERC20 token. 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. However, price predictions are not set in stone, as market conditions can change radically. Read Also: Is Shiba Inu (SHIB) Worth Buying? Are You Bored with Shiba Inu? Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. They are cumulatively holding $601 million worth of SHIB tokens. Cryptos are Consolidating! SHIBA INU recorded 15 green days in the last 30 days. The Motley Fool has positions in and recommends Ethereum. For the last 7 days, Shiba Inu prices have been fluctuating and trading within the $0.000020 and $0.000022 range. the 1-month volatility of the coin is at 5.26. SHIB jumped 35% in the past 24 hours! As investors, we must be passionate about our investments. Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. Here's Why 589.6 Trillion Is the Key Number, Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys, 3 Cryptocurrencies to Avoid Like the Plague in February, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Shibarium Update ? And it's climbed more than 44,000,000% this year. 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. Put another way, a $1 investment at midnight on Jan. 1 would have made you a millionaire by late October. Shiba Inu isn't a blockchain. Shiba Inu is one of the most popular cryptocurrencies out there. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. 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. It was met with much skepticism after traders witnessed the massive rise and steep decline of Dogecoin who came before the Shiba Inu coin. Shiba inu coin revealed plan to hit $0.10 Shib token news. The Federal Reserve estimates that there are around $8 trillion in coins in circulation across the globe. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Is it expected to reach $10 or more in the next five years? It could even take years of sustained positive performance for that to happen. What would it take for. Popular meme token Shiba Inu (SHIB) is stirring up some excitement. Not even in our lifetime. The SHIB price is currently $0.000007949 at the time of writing. They are, however, not convinced that the token can reach $100 or $10 in the next few years. We know Shiba completely community backed currency and more people keep holding their investment it keeping pushing price upward.