Will Shiba Inu Reach 1 Cent?
Will Shiba Inu reach 1 cent: A price level of 1 cent would require a market cap of 5.9 trillion for Shiba Inu, which is completely unrealistic.
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The Shiba Inu community is one of the most well-organized communities in the crypto market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin. A big area for the community is given that in the year 2021, Shiba Inu had risen 60x in 6 months. So, will Shiba Inu reach 1 cent?
Before diving into the detailed analysis, let’s take a look at the overview of Shiba Inu.
Shiba Inu (SHIB) Overview
|Price Change 24H||–0.08%|
|Circulating Supply||589,347,889,805,134 SHIB|
|All Time High||$0.00008845|
|All Time Low||$0.000000000082|
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Latest Shiba Inu News
- In a key development, the SHIB project will mint the remaining BONE tokens and renounce the BONE contract to enhance decentralization. This step aligns with the launch of Shibarium, their Layer 2 blockchain. The BONE token will play a multifaceted role in this new system, serving as a reward for validators, a gas token for Shibarium transactions, and a tool for technology governance.
- A study by Cryptobetting.com reveals Shiba Inu (SHIB) is the second most searched cryptocurrency in the U.S., ahead of Ethereum (ETH) and Dogecoin (DOGE), but behind Bitcoin (BTC).
However, there appears to be no basis for such a claim. Google Search data continues to show Ethereum ahead of Shiba Inu. On social media, Ethereum has 20 times the mentions for Shiba Inu too.
- Shiba Inu has been listed in one more crypto exchange. BTCC exchange announced the listing of Shiba Inu (SHIB) on its exchange. BTCC is an excellent crypto exchange offering trading services in US, Canada, Australia, and many countries in Europe.
Will Shiba Inu Reach 1 Cent? Shiba Inu Price Prediction 1 Cent Detailed Analysis
To reach 1 cent, Shiba Inu will have to rise 1,205x. At 1 cent, Shiba Inu’s market cap would be worth around 5.9 trillion. If SHIB were to grow at the rate of 25% every year, it would take Shiba Inu about 40 years to reach 1 cent. But that is only a theoretical possibility, which is impractical in reality.
Even during SHIB’s 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.
Let us look at all the data in hand to determine whether Shiba Inu can reach 1 cent.
- Quality of Investment – Moderate
- Growth required to reach 1 cent – Not Feasible
- Market Cap at 1 Cent – Not Feasible
- Time to reach 1 cent if Shiba Inu Grows at 25% every year – Not Feasible
Therefore, combining the criteria of quality of investment, growth required, and market cap at 1 cent, it is impossible for Shiba Inu coin to reach 1 cent.
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. 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.
At its all-time high, SHIB had a market capitalization of $43 billion. At that kind of size, even a 2x price increase would have required a massive amount of capital to flow into SHIB. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible.
For more context on why it’s so unlikely anything could boost SHIB to a penny, let’s take the example of Bitcoin. At its absolute peak, BTC had a market capitalization of $1.27 trillion. If SHIB were to reach $0.01, it would have a market capitalization of approximately $5.9 trillion, which would be 4.6x larger than Bitcoin at its very peak.
At the time of writing, Apple is the world’s most valuable company, with a market capitalization of $3.07 trillion. Microsoft is in the second place with a market cap of $2.5 trillion. At a price of $0.01, SHIB would have a larger market capitalization than the two largest companies in the world combined.
Therefore, we would say that Shiba Inu is unlikely to reach 1 cent at current level of circulating supply.
Will Shiba Inu reach 1 cent by 2025?
Looking at the data above, it is impossible for Shiba Inu to reach 1 cent by 2025.
Will Shiba Inu reach 1 cent by 2030?
Looking at the data above, it is impossible for Shiba Inu to reach 1 cent by 2030.
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Shiba Inu Price Prediction 2023, 2025, 2030
So how high can Shiba Inu realistically go?
Below pulls together our Shiba Inu coin price prediction for the coming years, ensuring you have a rough idea of SHIB coin’s value potential:
|YEAR||MINIMUM PRICE||MAXIMUM PRICE|
Please know the figures are generated using our price prediction tool and in that matter, not a guarantee, that the actual price action will follow what we mentioned. Forecasts are not immune to changing circumstances and will be updated with new developments. Always do your own research and evaluate all necessary factors before making any investment.
What May Affect the Shiba Inu Price?
Although SHIB is a utility token, it derives most of its value from being a meme coin. The project has a colossal community of over 1.2 million holders, yet the ShibaSwap DEX has just $22.5 million TVL.
Similarly to Shibarium, Shib The Metaverse is still unreleased. This shows that there is currently little utility-driven demand for the SHIB token.
The apparent price influencer on Shiba Inu is speculation. Investors will buy SHIB when they speculate the price will increase and sell when they believe it has topped out. Hype and community also play a significant role in speculation since when the hype starts to build; investors feel fear of missing out (FOMO) and rush to buy the coin.
Another influence on the price of SHIB is staking. When users stake Shiba Inu tokens, this is known as “burying”, and they are actually providing liquidity to Shiba Inu liquidity pools. The entire amount of Shiba Inu was minted at its launch, so instead of being rewarded with SHIB, users are rewarded with the BONE governance token.
Essentially, this dries up the available amount of SHIB on the market, and because users are rewarded with BONE, it protects SHIB from excess sell pressure. In other words, staking reduces the available supply of SHIB, reducing sell pressure and helping boost the token’s price.
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Will Shiba Inu Reach 1 Cent: Conclusion
Overall, if you’re making a Shiba Inu price prediction, the 1 cent price level is more or less out of the question. With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon.
The overall market cap of Shiba Inu has been fluctuating around $5 billion for the last couple of weeks. As we’ve shown, a price level of 1 cent would imply a completely unrealistic market cap of $5.9 trillion for Shiba Inu, which is more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies (the market cap of Bitcoin which is above $20,000 is around $450 billion). Of course, Shiba Inu price prediction $1 dollar is an even more unrealistic scenario.
However, this doesn’t mean that it’s impossible for the SHIB price to grow. If the crypto market enters another bull run, SHIB could very well be one of the meme coins to explode.
And with developers recently revealing Shiba Inu’s own series of physical NFTs, Shibacals, the price of SHIB could easily witness some big gains in the near future.
This is particularly the case when layer-two network Shibarium is also expected to have its full launch in the coming weeks, providing Shiba Inu with more utility than it’s ever had before.
Will Shiba Inu coin reach $1?
No. Our prediction model sees no possibility for Shiba Inu coin to reach $1 in the future. As we analyzed above, Shiba Inu is unlikely to reach 1 cent based on current condition, let alone $1 dollar. While the Shiba Inu price may experience some upward movement, reaching such a significant milestone of $1 seems unrealistic based on the available data.
Is Shiba Inu coin a good investment?
Yes. The Shiba Inu team has proved resilient, implementing countless improvements to the project, taking Shiba Inu from an average meme coin to a thriving DeFi ecosystem. Based on its roadmap, strategic partnerships and loyal online community, Shiba Inu has shown itself to be a good investment as an established top 20 coin. Our Shiba Inu price prediction model shows that the crypto could anticipate massive growth in the future.
What will be the price of Shiba Inu in 2023?
According to our Shiba Inu price prediction 2023, the maximum Shiba Inu price for 2023 is expected to be $0.0000098 and the minimum price could be $0.0000087.
What will Shiba coin be worth in 2025?
Our Shiba Inu price prediction 2025 suggests that Shiba Inu coin will be trading between $0.000016 and $0.000020 in 2025.
How much will SHIB predict for 2030?
As per our Shiba Inu price prediction 2030, Shiba Inu coin is expected to reach a maximum price of $0.000043 in 2030, with a minimum price of $0.000038.
Will Shiba Inu reach $10 dollars?
No. According to our analysis, there is no evidence that Shiba Inu coin will reach 10 dollars.
Where can I buy Shiba Inu coin (SHIB)?
Notable options for purchasing Shiba Inu coin include Binance, BTCC and Coinbase. Among these, BTCC is one of the best exchanges as it witnesses a large trading volume of SHIB. Compared to another two big exchanges, BTCC has no regulatory concerns and is also available in U.S., Canada and many other countries in Europe. Furthermore, BTCC exchange is highly recommended due to its favourable attributes such as low fees, user-friendly interface, excellent customer support, and robust security measures with no reported hacks or security breaches to date.
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What are BTCC’s specs?
Sometimes, users feel more comfortable working with an exchange if they know that the exchange has a footprint in the industry. With 12 years of stable and secure operating history, BTCC is one of the top cryptocurrency derivatives exchanges in CoinMarketCap, which boasts a wide selection of 60+ cryptocurrencies and millions of registered users, offering services in 100+ countries.
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