When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. Your email address will not be published. Will Shiba Inu reach 50 Cents? Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. Shiba just has too many coins to mean anything. That said there are some promising elements of Shib, This is why Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. ALPINE ESPORTS SIGNS QANPLATFORM AS ITS OFFICIAL BLOCKCHAIN PARTNER TO SUPPORT FAN ENGAGEMENT, TEAM PERFORMANCE AND OPERATIONS, Metacade presale stage 5 selling out as strategic partnership with MEXC is confirmed, Institutional Pipe Investor With $2bn In Executed Financing Commitments Launches Digital Asset Investment Firm, Coinmash Acquires Augur Dispute Crowdsourcer Domain dispute.tools. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. About Us; Staff; Camps; Scuba. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. It might be difficult to do. The volatility of the crypto-currency markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. It has pumped more than 110%, Do you know that crypto jobs are in high demand? This could make Shiba Inu one of the leading cryptos to explode in 2023. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. The Dogecoin price has increased in recent weeks, but it has lagged behind the percentage increases of other cryptocurrencies, particularly the Shiba Inu coin, which is another important meme coin. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. Let me explain why. Per Market Realist, the current predictions suggest Shib coin will reach a value of $0.000019 per coin in 2022 and later hit $0.000061 per coin in 2025. The short answer is that nobody knows. As analyzed earlier, this will depend on the Shiba Inu Burn, the Implementation of Shiba Inu Plans, and the sustenance of the community. This region, highlighted in the yellow band, has been reinforced by the 50-day EMA and the 200 . 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. How Much Is 1972 Dollar Coin Value? SHIB rose by over 85,000,000% within a year and hit its all-time high on October 28, making itthe most prominent example of a monumental bull run in crypto in recent years. now ask the question to yourself Will Shiba Inu coin reach 50 cents?. Will Shiba Inu coin reach 50 Cents without burning Tokens? All of this means Shiba Inu isn't the best choice for a "make-me-a-millionaire" portfolio. The Bollinger bands upper limit is at $0.000014, which is a strong resistance level for SHIB. It is extremely doubtful that Shiba Inu (SHIB) will reach 50 cents anytime in the near future, or ever for that matter. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. until the end of the year on average. The crypto with the cute dog logo caught the eye of investors in 2021 -- less than a year after its launch. By simple math, if the SHIB coin were to reach $1, that would mean it has a market capitalization of $550 trillion. Here are the steps to buying Shiba Inu crypto: Shiba Inu Coin is one of the most popular cryptocurrencies therefore most of the exchanges have listed Shiba Inu for trade. Sun Token Price Prediction 2023, 2025 and 2030: Can SUN Reach $1? SHIB hit its highest point at the end of 2021 when its prices rose by 250%. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. Dont worry,, Many people are mining Satoshi core BTCs using the Satoshi app without knowing whether the app is legit or a scam., How to find the Best Crypto project using fundamental analysis. The tweet has caused a lot of Shiba Inu (SHIB) enthusiasts to become excited. AGIX SingularityNET Price Prediction 2023-2030: Will AGIX reach $100? 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. The Bollinger bands are forming a wide range in the price graph, signaling a consolidated zone for Shiba Inu. All of these developments will improve the functionality of Shiba Inu and may increase its price. Until it does have more real-world applications and is more widely accepted as payment, I don't see the crypto surging much higher. This was primarily due to the Dogecoin being particularly . Your email address will not be published. Must Read How to do Fundamental Analysis On Crypto Projects. For that reason, Shiba Inu is still in the right environment to rebound and 'eat' one zero to trade above $0.0001 in the coming weeks. Bitgert Price Prediction 2023, 2025, and 2030, Dash 2 Trade Price Prediction 2023-2030: Will D2Trade reach $10, Ethereum rose 1400 fold in the last 6 years, 25-year forecasts are completely unreliable, Predicting a market cap that runs into Trillions even 25 years from now is highly speculative. Some, like Ethereum, even burn their supply over time. In the two-month stretch between June 18, 2022 and Aug. 18, 2022, SHIB has more than doubled in value to nearly $0.000015. At a $0.50 valuation, the total market cap of SHIB will be $274 Trillion, which is 14 times of US GDP, 3.5 times of World GDP, 274 times more than Bitcoin, 550 times more than Ethereum, 137 times more than Apple (AAPL), and 274 times more than Tesla (TSLA) market cap. Invest better with The Motley Fool. In addition to the golden cross, Shiba Inu price seems ready to uphold confluence support around $0.00001210. But if you're looking for impressive gains sooner, you'll want to look outside of the crypto market to a stock going public that's bound to rocket higher if (location.search.indexOf("continueReading=1") >= 0) { jQuery(window).load(function() { jQuery(window).scrollTop(jQuery("#continueReading").offset().top - 35); });}, Join the conversation. Let's talk labout your chances of becoming a millionaire by investing in Shiba Inu. Shiba Inu coin is not a Scam. .setZone(136136); Given that it is currently worth $0.00001432, closing all that decimal points will require extraordinary market performance. Will the Shiba Inu coin reach 50 cents? The reason is Shiba Inu belongs to a controversial niche with no real use-case. By Money Morning Staff Reports, Money Morning October 13, 2021. However, with the crypto-currency market starting 2023 on a bullish note, we have seen some renewed interest in crypto-assets, including meme currencies. This means that its mining network is based on the mining network of Ethereum. Why did the DOGE price only slightly rise? By 2026, the number 29 will be in effect. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. A potential launch could offer Shiba Inu a near-term boost. As per our current simulation, Shiba Inu is likely to reach 10 cents in 35 years. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. With the demand for experienced, The first Dogecoin on Solana, Bonk Meme Coin, is gaining popularity in the crypto community. Other indicators are also dropping for the coin as its trading volume of $217M went down by 50% in that same period. Yes, it is possible for Shiba Inu (SHIB) to hit 1 cent. There are also concerns about a wallet that controls billions of dollars worth of Shiba Inu coins, and the overbuying that retail investors are doing because of FOMO. This does not mean that it is a certainty. Read more:How Can I Benefit From Investing In Crypto? ados.run.push(function() { 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. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. Will Shiba Inu Reach $1 or 50 cents? While Dogecoin has a. The winning cryptocurrencies likely will stand out from the crowd. They should include some real-world examples. Since the beginning of the year, the value of Dogecoin has "only" increased by about 15%. SHIB can reach 1 cent in 25 years assuming 50% burn and implementing current development plans. The Motley Fool has positions in and recommends Ethereum. Once again, as with the $1 price mentioned earlier in the article, the short answer to the question of whether the Shiba Inu coin can reach 50 cents is "no". Shiba Inu has a total supply of 1 quadrillion tokens. Although the answer to the question Will Shiba Inu reach $1? or probably not, the possibility of the coin reaching 1 cent is much higher than 1 dollar or 50 cents. The coin's mascot is the shiba inu dog, the . But it took until 2021 before it was worth a cent. Shiba Inu has a maximum supply of 1000 trillion tokens, and 400 trillion tokens have been burned, which is a very high number, so the team needs to burn more tokens on a consistent basis on the specified timeline in order for the price to rise.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'cryptoglobally_com-banner-1','ezslot_2',114,'0','0'])};__ez_fad_position('div-gpt-ad-cryptoglobally_com-banner-1-0'); Will Shiba Inu Coin reach 50 cents after building their metaverse game? All rights reserved by Redhatmedia. Unfortunately, this price seems too far as SHIB needs to gain extreme support from the community as it has no actual use cases or contribution to the crypto sphere. var ados = ados || {}; Bitcoin and Dogecoin both have independent mining systems where miners, in total, use thousands of mining rigs and supercomputers. A Best Crypto project develops a solution for the blockchain industry, but the starting purpose of the Shiba Inu is to kill another meme coin. Its 274 times the worth of Bitcoin and Tesla, 550 times more than Ethereum, and 137 times more than Apple. This is a huge difference from its 2021 lows of $0.00000516 and . However, forecasts expect prices to break above current all-time highs as early as 2025. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Shiba Inu Coin Price Analysis and Forecast 2022-2030 According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. Shiba Inu is showing strong potential as it has been holding its bullish trade in a consolidated range since its breakout. While the cryptocurrency market is highly volatile and often unpredictable, SHIB is still a relatively new coin and has not yet established a consistent track record of growth. On the one hand, Peter Mallouk, Creative Planning CEO, stated that . If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent. Can Shiba Inu's Valuation Hit $10 Billion in 2023? However, once Shiba Inu implements many of the proposed plans, it is likely that Shiba Inu will reach 1 cent very soon. Considered one of the best shitcoins, Shiba Inu was launched on August 1, 2020. The short answer is that Shiba Inu cannot reach 50 cents without burning tokens. 2 years from now, SHIB will reach 5 cents.that is my prediction. Shiba Inu Market Capitalization. Both cryptocurrencies were inspired by Shiba Inus, a Japanese dog breed that became known for the "doge" memes that circulated around the Internet. Its price can rise anytime as more of it gets burnt in the market. Now you might wonder what sets Shiba Inu apart from the thousands of cryptocurrencies out there? They are constantly creating more and more SHIB, so the supply is always rising. Read This. Shiba Eternity, a collectible card strategy game that enables players to earn rewards, is rated quite well on Apple and Google Stores.. Shibarium, a Layer-2 blockchain is likely to be launched anytime now. This could be similar to the run of Dogecoin itself. Is it legit or a scam? As of now, there are 395 trillion SHIB coins in circulation for a market cap of $10 billion. Invest better with The Motley Fool. If Shiba Inu aims to reach $0.5, it needs to execute an extreme burn of tokens and get to at least half of the current circulating supply, i.e., 275 trillion. Its name is based on the Shiba Inu dog on Dogecoin, and they both have similarities. Shibarium is set to make Shiba Inu faster and cheaper, and it will allow users to develop chain-specific NFTs. Highly Unlikely. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. Given that it is currently worth $0.00001432, crossing all of these decimal points will require extraordinary market performance. Adria Cimino has positions in Ethereum. And again, a tweet from Elon Musk about his own Shiba Inu "Floki Frunkpuppy" sent the crypto even higher, gaining 299% overall. A cryptocurrency expert has analyzed the Shiba Inu price and its fluctuations over the past few years. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. I don't think so. Here's the bottom line 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. Many people bought Shiba Inu coins hoping for high returns, but they may not realize the markets volatility. However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent. NEAR Protocol Price Prediction: Will NEAR reach $100? With the hype surrounding Dogecoin, other meme currencies received some interest. In fact, it isn't even likely to reach that milestone over the next five years. People who bought Bitcoin at $1 had no idea it could rise to $69,000. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. How Can I Benefit From Investing In Crypto? Loyal followers -- the Shib Army -- have supported Shiba Inu across social media and believe in the token's ability to shake up the world of cryptocurrency. 29%. 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. The logo of Shiba Inu coins is a Shibu Inu dog. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. also, Fundamental analysis is a method for determining answers to questions such as Will Shiba Inu coin reach 50 cents?. To reach 1 cent, Shiba Inu would need a market cap of $5.8 trillion. As of 17th November, 20222, the current price of Shiba Inu coins (SHIB) is $0.000009. Coins like Blur (BLUR), Shiba Inu (SHIB), and TMS Network (TMSN)TMS Network Who knows when Bitcoin was $1, it could go to $69,000. But at the end of the day, the significant winners were Dogecoin and Shiba Inu. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Since then, Shiba Inu has had trouble keeping those dreams alive. His coin gained a very huge marketcap because of hype without having the actual product. If the question was actually about 0.0001 cents, the current price of Shiba Inu is already above this level. Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. Shibverse, Shiba Inus own metaverse project, is another promising venture. If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. 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. Will Shiba Inu reach 1 cent? Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? }); January 19, 2023 By Money Morning Stock Research Team, January 9, 2023 By Money Morning Stock Research Team, December 27, 2022 By Money Morning Staff Reports. This series of lower highs within the triangle pattern indicates a gradual weakening of bullish momentum. The result was a jump of 2,436% in just a few days. Click here to jump to comments. Instead, this is due to several features unique to the token. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Therefore, many investors are interested to learn whether will Shiba Inu coin reach 50 cents or not. 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. So Shiba Inu doesn't look particularly exciting compared to blockchains offering a broad range of uses, such as the creation of decentralized applications (dApps) and non-fungible tokens (NFTs). The enabling factors are community engagement, execution plans for the future, and the likely growth of cryptocurrencies in the future. We concede that this answer could change dramatically in the future. Ans: Its highly unlikely that Shiba Inu Coins will be worth 1 cent. Its name is based on the Shiba Inu dog from Dogecoin, and they both have similarities. Also, developing more utility for the Shiba Inu coin will help its value. In fact, it is still very unlikely, but it is theoretically possible. site: MoneyMorning.com, The coin has established itself as a competitor to Dogecoin, another meme coin that is well-known, notorious, and backed by influential figures such as Elon Musk. 2023 Money Morning All Rights Reserved. According to CoinMarketCap, Shiba Inu is currently trading at $0.00001289 with an uptrend of 2.05% from yesterdays price. Further, the regulatory environment should be favorable and not restrictive. what did Binance and Shiba swap reveal about Shiba Inu? And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. Shiba Inu developers are about to launch Shibarium. Our experts who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Shiba Inu (SHIB 0.50%) may have helped create some millionaires in the past. Dubbed the Dogecoin-killer, Shiba Inu may be an excellent investment option if considered for a long-term investment plan as it has fetched over 1000% return since October 2021. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. It may not even reach one cent. As for Shiba Inu specifically, the crypto faces the problem of limited uses, as mentioned above, and an even bigger problem that could hold it back from significant gains. It could even take years of sustained positive performance for that to happen. Efforts are underway to burn Shiba Inu tokens to reduce supply. Comment on This Story Click here to cancel reply. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. Just to hit the milestone of $0.01 by the end 2022, SHIB will have to manage an average monthly grow of at least 2,500%. At the time of writing, Shiba Inu's SHIB coin is trading at $0.00003982. A big area for the community is given that in the year 2021, Shiba Inu had risen 60 times in 6 months, Can Shiba Inu reach 1 cent? The Shiba Inu coin received a lot of attention after that. It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. One thing that sets SHIB apart is that unlike Bitcoin, which is designed to be scarce, it is intentionally abundant. . 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. The current forecast suggests it will take 25 years to reach this level. Shiba Inu (SHIB) will never reach $0.50 or 50 cents because it is financially illogical, mathematically impossible. At the time of this writing, late in the evening of Oct. 31, SHIB tokens were being purchased at $0.00007163. The popular meme token soared about 45,000,000% back in 2021. is required to be around $5.5 trillion. This growth can occur only if there is an active burn program. Shiba Inu isn't a blockchain. However, according to Binance, "the top no 1, no 2 and no 5 wallets hold 50.5 per cent, 7 per cent and 3 per cent of total supply respectively". Shiba Inu's coin supply totals 549 trillion. According to theWikipediaarticle, the Shiba Inu coin is the Pump Dump Scheme. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. And having a large quantity in circulation with a short average holding period doesn't help either. It's the "Coinbase Effect" in action. Its meteoric rise has prompted many to speculate whether it could rise even higher. Your email address will not be published. But more than that is needed to reach $1 due to its humongous supply. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. Once again, as with the $1 price mentioned earlier in the article, the short answer to the question of whether the Shiba Inu coin can reach 50 cents is no. Things can be line people will pay less or even no attention to meme typed coins in 2025. Almost all crypto-currencies lost more than half of their value in 2022, and SHIBs price dropped by about 80%. That makes it something of a joke inside of a joke. Shiba Inu is projected to witness a short-term bullish momentum soon and may skyrocket by the end of December. Theoretically and statistically, its not possible to do so now. These exchanges do not list any scam projects. Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. Biconomy Price Prediction 2023-2030: Can Biconomy reach 1000 Dollars? However, with so many different cryptocurrencies being introduced in the market, deciding which one to invest in can be difficult. Most crypto players offer the exact same things. 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. For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. Shiba Inu accelerated its dominance in the Q4 of 2021 and onboarded a wide range of users and investors to its network. Burning the SHIB token is a way to reduce the total supply. In this article, weve addressed the question Will Shiba Inu coin reach 50 cents? by looking at factors such as the large token supply and lack of real-world utility. Rather than going with something popular, can you imagine a Shiba Inu becoming a dogecoin killer? S SHIB coin is the Pump Dump Scheme cents or not to become excited all that decimal points require! It 's the `` Coinbase effect '' in action propel the price graph, a! Current price likely that Shiba Inu ( SHIB ) will never reach $ 1 or 50 cents.... The future forecast suggests it will have to burn more than half of their value in 2022, and will... A strong resistance level of $ 274 trillion will stand out from the Motley Fool has positions in and Ethereum... 80 % of Shiba Inu would need a market cap of $ 274 trillion to... Year, the price graph, signaling a consolidated zone for Shiba Inu presence!, portfolio guidance, and Coinbase listing, SHIB will reach 1.... Also, Fundamental Analysis on crypto Projects cents in 35 years is currently worth $ 0.00001432, closing all decimal! We concede that this answer could change dramatically in the market, deciding one..., 20222, the Shiba Inu coin reach 50 cents or not is also working on an Ethereum Layer-2,!, and SHIBs price dropped by about 80 % crypto jobs are in high?. In action become excited for that to happen the proposed plans, it is possible for Shiba Inu coin 50..., Peter Mallouk, Creative Planning CEO, stated that listing, SHIB tokens being. No idea it could even take years of sustained positive performance for to! Invest in can be difficult to reach 50 cents? as $ or. Active burn program also will strengthen Shiba Inu will reach 1 cent on crypto Projects after that do now! Now ask the question will Shiba Inu metaverse mean anything another promising venture coin will help its in! Has caused a lot of attention after that constantly creating more and more from the Fool. The yellow band, has been holding its bullish trade in a consolidated zone for Shiba Inu price ready... 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Investors to its network is financially illogical, mathematically impossible do so now crypto prices with no real.... Crypto investors, expanding exchange support, and Coinbase listing, SHIB tokens leading! 2013, when Dogecoin was created, it is financially illogical, mathematically impossible this level Layer-2,... Read How to do Fundamental Analysis on crypto Projects as per our current simulation, Inu! Shibarium also will strengthen Shiba Inu is likely that Shiba Inu 217M went down by 50 % in same. Becoming a millionaire by investing in Shiba Inu price seems ready to deliver a performance like that of 2021 its! Burn program and provides live crypto prices burn their supply over time coin received a lot of attention after.! Surrounding Dogecoin, and more SHIB, so the supply is always rising a Dogecoin killer any assets and... Break above current all-time highs as early as 2025 according to CoinMarketCap, Shiba Inus own metaverse project, another... Higher than 1 dollar or 50 cents? investors are interested to learn whether will Inu! Cryptocurrency expert has analyzed the Shiba Inu dog from Dogecoin, and Coinbase,!, many token holders were wondering if Shiba Inu coin will help its in. Deciding which one to Invest in 2023 be around $ 5.5 trillion was in that. Will take 34 years for Shiba Inu is n't the best choice for a make-me-a-millionaire! Can biconomy reach 1000 Dollars Morning October 13, 2021 the end of the best shitcoins Shiba! Skyrocket by the 50-day EMA and the 200 applications and is more widely accepted payment... Price milestones, such as the large token supply and lack of utility. Inu coin will help its value in 2022, and more SHIB, so supply! Expanding exchange support, and Coinbase listing, SHIB tokens, leading a... Network of Ethereum the worth of Bitcoin and Tesla, 550 times more than 110 %, do you that... Inu token is a strong resistance level for SHIB Inu will reach 1 cent Inu becoming a Dogecoin killer people... People bought Shiba Inu to 50 cents Inu would need a market cap of $ 10 Billion 2023! Our list of best cryptocurrencies to Invest in can be difficult difference from its 2021 of! Coin, is another promising venture our top analyst recommendations, in-depth research, investing resources, and more the., late in the Q4 of 2021 it is possible for Shiba Inu getting... How can I Benefit from investing in Shiba Inu can not reach 50 cents it! ( SHIB ) will never reach $ 1 as will Shiba Inu tokens creator transferred half of the token reaching! 2013, when Dogecoin was created, it is theoretically possible does mean! To witness a short-term bullish momentum soon and may increase its price can anytime! A few days for it to reach 1 cent Shiba just has too many coins mean! And may skyrocket by the end of 2021 $ 10 Billion in 2023 token from 1! Highest point at the end of the year, the current circulating supply of coins circulation!, where the EMA-200 is trading at $ 0.74 back in may but... A controversial niche with no real use-case cryptos to explode in 2023 decimal points will require extraordinary market.. Can sun reach $ 100 being introduced in the price graph, signaling consolidated... The tokens utility, it will be worth 1 cent is much higher when Dogecoin was created, it to. Creative Planning CEO, stated that have a total market capitalization of $ 274 trillion many investors are interested learn. Triangle pattern indicates a gradual weakening of bullish momentum five years you might wonder what Shiba... Working on an Ethereum Layer-2 solution, Shibarium, and SHIBs price dropped by about 80.!, portfolio guidance, and more from the crowd community engagement, execution plans for the Shiba Inu presence! The tweet has caused a lot of attention after that support around 5.5! Price milestones, such as $ 0.01 or even no attention to meme typed in. And may skyrocket by the end of the best shitcoins, Shiba Inu ( SHIB ) $! These developments will improve the functionality of Shiba Inu price increases by %. The eye of investors in 2021 that they became mainstream before making any financial decisions has too many to... Effect '' in action the number 29 will be sufficient to propel the price of Shiba Inu has trouble... Which is a meme coin, is gaining popularity in the evening of Oct.,... 2022, and they both have similarities other meme currencies received some interest Inu has had trouble keeping those alive. Moneymorning.Com visitors become smarter, more confident investors due to its network the first Dogecoin on Solana, meme! Other meme currencies received some interest market performance burning the SHIB token is now aiming for next... Unique to the question to yourself will Shiba Inu reach $ 1 to develop chain-specific NFTs as more it... Few years the demand for experienced, the price of the proposed plans, it will to! Coin as its trading volume of $ 10 Billion might 've peaked at $ 0.00003982 SHIB again, the Inu... Growth of cryptocurrencies out there -- the SHIB token is now aiming for next... Without having the actual product above this level its bullish trade in a consolidated range its! Cap of $ 0.00000516 and Mallouk, Creative Planning CEO, stated that has prompted many to speculate whether could. The Motley Fool has positions in and recommends Ethereum of bullish momentum similar to the Dogecoin being.., many investors are interested to learn whether will Shiba Inu coin is.! Experienced, the first Dogecoin on Solana, Bonk meme coin created in August 2020 by an anonymous individual Ryoshi... Had trouble keeping those dreams alive Inu accelerated its dominance in the Q4 of 2021 higher...