To make the world smarter, happier, and richer. So many factors stand in the face of the ERC-20 only token, blocking and preventing it from reaching a $10 valuation in the foreseeable future. Will Shiba Inu reach 1 cent? Shiba Inu Coin could reac. But we have to give credit where credit is due. SHIB has begun offering NFTs named "Shiboshis" that cost 10,000 Shiba Inu coins which will help burn additional circulating supply. Ironically, the catalyst that brought Shiba Inu to the limelight was Dogecoin, which Shiba Inu was meant to replace. 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? SHIB Burn Rate Turns Out Extremely Low In February We will concede that this answer could change dramatically in the future. 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. SHIBA INU recorded 15 green days in the last 30 days. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. 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). 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. SHIB is determined to transform into a comprehensive ecosystem with a metaverse and blockchain games, with the incipient liftoff of Shibarium, a Layer 2 solution that will facilitate faster transactions and lower gas expenses. The United States entire Gross Domestic Product (GDP) is about $20 trillion, whereas Chinas GDP is roughly $14 trillion, according to the Federal Government. Its another ERC20 token on the Ethereum network. The consent submitted will only be used for data processing originating from this website. Ensuring that transaction fees are negligible is critical to getting this NFT marketplace and blockchain-based gaming off the ground. When Will Shiba Token reach $10 USD? Heres a table that shows the market cap of various popular stocks and metals in the world. websites is a tad more optimistic. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. When he is not writing, he is looking to meet new people. 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? A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. One of the common searches and questions is if SHIB can reach 1 cent. Top 10 Cryptocurrencies That Will Explode, Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. //]]>. A number of specific catalysts would be necessary for SHIB tokens to catapult to $0.001. Is it expected to reach $10 or more in the next five years? Yesterday, Shiba beat Ethereum in 24-hour trending volume collectively on DEX and CEX. Right now, Shiba Inu trades for a fraction of a cent. Let's elaborate. On Wednesday, the price of Shiba Inu coinwhich trades as SHIBsurged 33% to reach an all-time high of $0.00005478. Shib price prediction 2025 in INR: Shiba Inu is predicted to touch 0.008 by the end of 2025. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. The will shiba inu reach $1 cent in 2022 is a question that many are asking. While $0.001 might be a target SHIB holders like to dream about, it's far likelier Shiba Inu gets sent to the doghouse in 2023. 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. 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. As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. Yes, its Trillion. This low price was a reflection of Shiba Inu's creator placing 1 quadrillion tokens in circulating supply. In recent weeks, theShiba Inu coinhas seen significant price fluctuations. Shibarium will provide a strategy for burning SHIB tokens. It's somewhat similar to a publicly traded company enacting a stock buyback. Is it possible for the coin to reach one cent? In fact, it is still very unlikely, but it is theoretically possible. 1/2 ? However, a laundry list of headwinds make it highly unlikely that Shiba Inu will repeat its former success. (. SHIB's entire market value will be $54.9 trillion at a $0.10 valuation, which is 2.5 times more than US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple Inc. (AAPL), and 55 times more than Tesla's (TSLA) market cap. Shiba Inu Price Prediction: SHIB/USD Weekly chart showing the price GoCharting. Shiba Inu Prediction 2025 Can the Meme Coin Repeat Its BOOM? More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $. So expecting Shiba Inu's price to reach 1 cent without any context is unrealistic. Will Shiba Inu (SHIB) Eventually Reach $100? So, despite SHIB being similar to other ERC20 token coins, the community is the differentiating factor. 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. 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. Its why theyre a multibillion-dollar corporation. It was met with much skepticism after traders witnessed the massive rise and steep decline of Dogecoin who came before the Shiba Inu coin. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. //