Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. Perhaps no cryptocurrency is more responsible for setting the bar high -- at least when it comes to one-year returns -- than meme coin Shiba Inu (SHIB). That would be a 1000% plus increase from where the Shib coin is at now, which might sound like a good opportunity to invest. Right now, Shiba Inu trades for a fraction of a cent. SHIB is trading up 29% to $0.00001037 at the time of writing. At the time of writing, Apple is the worlds most valuable company, with a market capitalization of about $2.14 trillion. However, the Shiba Inu coin was also negatively impacted by the FTX crash in the days that followed. Unfortunately, Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. SHIBA INU technical analysis for today - Mar 02, 2023. At its peak, the total cryptocurrency market cap was just slightly above $3 trillion. 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. At its all-time high, SHIB had a market capitalization of $43 billion. These cryptos have a mining system. So, it is possible for Shiba Inu also to reach 1 cent. Of course, theres no guarantee that a coin will ever reach its previous all-time high again. As an investor, we have to be impassioned. A currency does not have inherent value long term. This could drive the SHIB price to 1$. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. While the answer to will Shiba Inu reach 1 dollar is likely a "No," the possibility of the coin reaching 1 cent is much higher than $1 dollar of 50 cents. There were 1000 trillion SHIB (1 quadrillion) in the start, but roughly 451 trillion were locked up or burnt forever. There is a lot of optimism within the crypto community that Shiba Inu prices will resume the climb and continue rising into the near future. Lets see how this market cap stacks up against other financial products and see whether it makes sense. Today, however, different crypto experts and investors are confident that Shiba Inu prices will rise again and continue gaining for the next few years. The price of Shiba Inu increased significantly at the end of October. The total maximum supply of Shiba Inu tokens is 1 quadrillion. Manage Settings Adria Cimino has positions in Ethereum. We look at relevant market data and examine potential the catalysts behind SHIB's long-term growth. There are still some coins that are worth investing in. There is a 0.977 correlation between the price of Dogecoin and Shiba Inu in the last seven days, and as meme coins, both tokens have had similar price performances. Response from investor and real user are unreal because it giving tough competition to dogecoin community in term of voting. 1$ SHIB Price Possible? 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. Shiba Inu Coin could reac. The. if shiba goes to 1 cent how much will i get. The more it is used for transactions, the higher the burn rate. At the time of writing, the ERC-20 token is trading around $0.00002076. All of this means Shiba Inu doesn't stand out from the competition. 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). The Shiba Inu coin, similar to Dogecoin, is a meme-based cryptocurrency that was created in August 2020 by an anonymous person (or a group of people) who go by Ryoshi. A move beyond $0.00000941, a hurdle represented by the 100-day EMA, could clear the path to the upper falling trend line. websites is a tad more optimistic. Gaming doesn't look as if it's going to differentiate Shiba Inu, either. Input your search keywords and press Enter. More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. Not only are these games a lead-in to future metaverse ambitions, but they're expected to fuel a marketplace where NFTs can be bought and sold. 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. Please make cautious investments. In recent weeks, theShiba Inu coinhas seen significant price fluctuations. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Burning the SHIB token is a way to reduce the total supply. In July 2021, Buterin donated 50 trillion SHIB coins, which represented 5% of its total supply, to India's Covid-19 relief fund. 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. Its absurd that the total market cap of SHIB will be more than Bitcoin, Ethereum, Apple, Tesla, and other valuable companies when SHIB is nothing but an Ethereum based ERC20 token. For Shiba Inu, the one clear-cut catalyst that provides make-or-break potential in 2023 is Shibarium. (. Trillion is correct. Shiba Inus biggest catalyst yet may be days away. Yesterday, Shiba beat Ethereum in 24-hour trending volume collectively on DEX and CEX. Shiba Inu is of course not the only contender in the meme coin sector. Shiba Inu prepares for higher targetsWhere will SHIB go next? 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. In addition, the SHIB burn rate in February has fallen short of expectations, which is likely to reinforce bearish sentiment. Cardano Price Prediction How High can Cardano reach by 2030? What would it take for Shiba Inu to rally close to 8,900% and hit $0.001 in 2023? SHIB has gained about 25,000,000 percent over the past year, putting its average monthly growth at more than 2,000,000 percent. Making the world smarter, happier, and richer. At its peak on Oct. 27, a single SHIB token set investors back $0.00008841. Each offers distinct ways for stockholders to raise their investment return. Its meteoric rise has made many speculate whether it could even rise higher. 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. That represents a whopping 2.1 million percent jump. This is impractical. 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. Its not only the pioneer but also has the most prominent crypto following in the world. 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. According to our SHIBA INU price prediction, SHIB is expected to reach a price of $ 0.000016 by Mar 07, 2023. We can expect 1 cent mark probably in year 2022. However, SHIB is an ERC20 token-based cryptocurrency. All these developments will improve Shiba Inu's functionality and could boost its price. Above prediction is based of average performance of shiba inu from past 6 months. Can SHIBA INU Coin Price Reach $0.01, $0.10 or $1.00? If youre interested, check out our list of the meme coins that could be the next to explode. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. Shibaswap, the ecosystems native DEX, can be utilized by stockholders to exchange tokens, take part in governance, create passive income, and buy NFTs. 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. Simply put, it's vanishingly unlikely that Shiba Inu will ever reach 1 cent, let alone any higher. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. Like most other cryptocurrencies, Shiba Inu was greatly affected by the crypto market shock in December last year, which saw Shiba Inu fall off a month-long price rally prematurely and plunge to the current level of relatively low prices. From our experience, we can confidently say, the long-term success of a cryptocurrency largely depends on technology and community. It's certainly not impossible; but it'll need a lot of help to get there. It is evolving . It's always traded at a fraction of a cent -- and for good reason. From there, ADA should rebound higher as what happened previously. *Average returns of all recommendations since inception. Nonetheless, the price has been reduced even further. As an outcome, one of Shibariums objectives is to use Ethereums secure network as a layer-2 solution to improve Shiba Inus scalability. Token officially listed on top tier 1 exchange including Binance, Coinbase, Huobi, FTX and others. Shiba Inu, on the other hand, has a supply of 549 trillion tokens. Also, developing more utility for the Shiba Inu coin will help its value. A single SHIB coin is . But it might reach 1 cent after some years of token burns and deflationary mechanics. Let's elaborate. 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. Like many altcoins, Shiba . Shiba Inu (SHIB), a cryptocurrency project that started as a competitor to Dogecoin but which has since transformed into a veritable momentum engine, just made history by reaching a new. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. The rally has led its market-cap to hit the $15.5 billion mark, putting it back in the top 15 cryptos in terms of market-cap. The reason is what we like to call the cheap coin fallacy. SHIB, which exists as an ERC-20 token on the Ethereum blockchain, has more than 1.2 million holders. 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. Its not a product, not a platform, unlike Apple, Tesla, or Microsoft. We will concede that this answer could change dramatically in the future. There you have it, Shiba Inus goal is not to reach $10 or even $1. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. As it happens, Shiba Inu first spurred these hopes when it skyrocketed by over 1,069% to its all-time high (ATH) of $0.00007924 back in late October 2021, only to drop 86.75% since then, at press time changing hands at the price of $0.00001137, as per data retrieved on March 3. In fact, it offers a lot less in some cases. Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. Overall, the Shiba Inu price was lower after the crash than it had been earlier. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. 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. It could happen if enough SHIB token is burnt. //

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