Keep track of your holdings and explore over 10,000 cryptocurrencies. 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. Will Shiba Inu (SHIB) Reach 1 Cent? - Fx empire Secondly, analysts are conscious of the impracticality of the price leap that Shiba Inu needs to make if it is to reach $10 by 2026. SHIBA INU Gained 3.12% in Last Month and is Predicted to Reach $ 0. Shiba Inu's price history. The first lower target will be sliding below the support price of $0.35. Or you can invest in Shiba Inu or stake your holdings to earn passive income. The price dropped dramatically from $0.000014 to $0.000009. Despite Ethereums recent move to aPoS network, transaction speeds are still yet to drastically improve. A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. But this would require burning a significant amount of the token for the price to rise to 1 dollar. FACT: Will Shiba Inu Coin reach $1 during the next Bullrun? With one Quadrillion SHIB tokens around, getting to $100 per token would mean creating an unutterable market capitalisation of $100 Quadrillion for the Shiba Inu network. Upcoming developments. The only significant difference was the creator built Shiba Inu on the Ethereum network. As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. 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. More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years. Initially, there were 1000 Trillion SHIB (1 Quadrillion), but around 451 Trillion has been locked away or burned forever. The global GDP is estimated to be over $80 trillion. SHIB or DOGE: Is Shiba Inu better than Dogecoin in 2023? It is less likely that Cardano will crash lower than $0.30. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. Will Shiba Inu Coin Reach $0.01, $0.1, $1, $10? - Telegaon This could drive the SHIB price to 1$. Missed DOGE? If the cryptocurrency market enters another bull run, SHIB could very well be one of the meme coins to explode. 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. Another important figure in the Shiba Inu project is Shytoshi Kusama, who serves as the lead developer. Shiba Inu Price Explodes By More Than 90% since Jan! Did Gareth Soloway Predict a $0.10 Cent Shiba Inu Coin By 2023? We know top market exchange also interested to bringing shiba on their platform after seeing huge spike in community. 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. This low price was a reflection of Shiba Inu's creator placing 1 quadrillion tokens in circulating supply. A single SHIB coin is . Another point against SHIB reaching $1 is its supply inflation according to our data, the supply of Shiba Inu increased nearly 8% year-over-year, which makes the prospects of SHIB hitting a $1 milestone all the more unlikely. But more than that is needed to reach $1 due to its humongous supply. 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. This would represent a 32.18% price increase for SHIB in the next 5 days. 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? Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. In addition, the SHIB burn rate in February has fallen short of expectations, which is likely to reinforce bearish sentiment. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. Many publications, YouTube videos, and forum postings say that Shiba Inu (SHIB) cryptocurrency can or will reach a value of $0.10. 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. You can use Shiba Inu to pay at certain merchants. 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. Can Shiba Inu reach 1 cent? Today, however, different crypto experts and investors are confident that Shiba Inu prices will rise again and continue gaining for the next few years. Trillion is correct. 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. Update 2: Shiba Inu Makes Another All-time High - Wccftech On the Ethereum network, its another ERC20 token. From there also . The following are the advantages: While most crypto users are already aware of SHIBs meme token, it is trying to expand beyond its preliminary public image, with a rising community that includes a DEX, NFT, and a game influenced by Shiba Inu. However, he was working with dogecoin developer to bringing real utility in dogecoin ecosystem. But verily, it's foolish to think of Shiba Inu coin's worth $0.01, $0.10, $1 by 2025. Currently trading at $0.000020, the, For starters, it has no real value. Shiba Inu is a decentralized cryptocurrency that was launched in August 2021. Big News: Ripple Price is about to TRIPLE? But can Shiba Inu truly rally almost 8,900% in 2023 and reach $0.001? If youre interested, check out our list of the meme coins that could be the next to explode. Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. So, should you buy Shiba Inu while it's trading well below $0.01? Top 10 Meme Coins That Could Skyrocket In 2023. 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. websites is a tad more optimistic. In September, 1.5 million people searched for "Shiba Inu coin," believe it or not. The Next Shib? Let's take a closer look. 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. Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. And while the pressure on Bitcoin - which was the epicentre of the shock - has cooled down. We can expect 1 cent mark probably in year 2022. Shibarium is a layer-2 blockchain project currently under development. Lets See The Next 5 Alternatives. Can Shiba Inu Coin Reach the Magical 1 Cent Mark? Can Shiba Inu Reach 10 Cents by 2024? - Webnews21 According to Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. Its why Bitcoin is the largest 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. In fact, it offers a lot less in some cases. Shiba Inu is just behind Dogecoin in the top 10 of all meme cryptocurrencies, despite a sharp decline in the market worth to the current $6.2 billion as of September 25, 2022. Can SHIB double again? 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. To Shiba Inu (SHIB) reach $0.10, the total market cap of SHIB has to be 549 Trillion x $0.10 = $54.9 Trillion. SHIB Burn Rate Turns Out Extremely Low In February For example, he predicted that Bitcoin would reach a peak of $69,500 in November 2021, which is . CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; But the question remains - can SHIB reach the magical 1 cent mark? Dogetti: The Dogefather of Meme Coins Family and community are the foundation of this coin's success. While Ethereum's network is highly trusted, it has a tendency to bog down due to its popularity. This was a reach even in the bull market, and is extremely unlikely now. Shiba Inu, on the other hand, has a supply of 549 trillion tokens. For Shiba Inu, the one clear-cut catalyst that provides make-or-break potential in 2023 is Shibarium. And why do they not believe it can hit $10 in the next 5 years? Can Shiba Inu coin reach 1 cent or $1? - GameRevolution Input your search keywords and press Enter. One of the common searches and questions is if SHIB can reach 1 cent. 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. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. As a result, Crypto traders are keeping an eye on. 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. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. 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. SHIB is based on Ethereum ERC20. SHIB, on the other hand, is a cryptocurrency based on ERC20 tokens. Could Shiba Inu Help You Become a Millionaire? The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. Developers delayed the launch of Shibarium more than once last year. Bitcoin, Dogecoin is a standalone cryptocurrency. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. The crypto market always moves step by step with a full of context. Dogecoin is a cryptocurrency that exists independently of Bitcoin. This is a huge difference from its 2021 lows of $0.00000516 and market cap of under $1 billion. So, for the long-term investor, it's best to consider more promising cryptocurrency opportunities. Can Cardano reach $2 in 2023? 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. In this article, well discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions. This is especially true for Shiba Inu, which has only been around since the summer of 2020 and therefore doesnt have a long price history that would help us understand how SHIB tends to behave across crypto market cycles. 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. At its all-time high, SHIB had a market capitalization of $43 billion. In this article, we will explain why SHIB can never hit 10 Cents. On the other hand, SHIB does not create any product; its a currency. 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. Let's find out. That would be a near 620% increase from where the Shib coin is . Having read the woof paper from start to finish, the end goal of the devs is to create the largest decentralised ecosystem in the world. 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. These cryptos have a mining system. They are cumulatively holding $601 million worth of SHIB tokens. Learn More. SHIB jumped 35% in the past 24 hours! There are still some coins that are worth investing in. 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.