As investors, we must be passionate about our investments. At a $0.10 valuation, the total market cap of SHIB will be $54.9 Trillion, which is 2.5 times of US GDP, 54 times more than Bitcoin, 100 times more than Ethereum, 27 times more than Apple (AAPL), and 55 times more than Tesla (TSLA) market cap. 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. When Will Shiba Token reach $10 USD? Because Shiba Inu is constructed on Ethereum, these considerations have slowed significantly the SHIB networks development. The most you can do with SHIB tokens is transfer them from one wallet to another. Adria Cimino has positions in Ethereum. Most crypto players offer the exact same things. With the scary percentage growth rate it has to achieve to get here and the lack of faith from its development team aside, you also have to look at two other factors that make it virtually impossible for Shiba Inu to reach $100. Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023? This was a reach even in the bull market, and is extremely unlikely now. Elon musk also mentioned similar thing in different way, as they told people to focus more on product instead of farming, burning or other non-utility token. And while the pressure on Bitcoin - which was the epicentre of the shock - has cooled down. According to Shiba Inu developers, Shibarium will be focused on providing cheap and fast token transactions for metaverse and gaming use cases. Don't Miss: Could Shiba Be A Millionaire-Maker Coin? This could drive the SHIB price to 1$. To reach $0.10 shib would need to be 10trillion, aka the most valuable asset in history. Many articles, YouTube videos, and forum posts claim Shiba Inu (SHIB) crypto can or have the potential to reach $0.10 in value. With its unique 'dog-themed' design and meme-based marketing, it has attracted a loyal fan base and gained a lot of attention from investors. $1 means almost 1803651% up from price $0.00005544 USD. 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. This could make Shiba Inu one of the leading cryptos to explode in 2023. Including dividends paid, the benchmark S&P 500 has delivered an annualized return of around 10% since its inception in 1957. The total cryptocurrency market of all coins and tokens combined is under $2 trillion. From there, ADA should rebound higher as what happened previously. Not even in our lifetime. The will shiba inu reach $1 cent in 2022 is a question that many are asking. SHIB: The Metaverse and a blockchain edition of the Shiba Eternity game are two such examples of such initiatives. This could be similar to the run of Dogecoin itself. Let's elaborate. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. Is Shiba Inu Price BULLISH? Developers delayed the launch of Shibarium more than once last year. More than 1500 ATM across world now support Shiba token along with many marketplaces also starts accepting Shiba token as payment. Shiba currently holding 11th position in market cap ranking right after Dogecoin and difference between Dogecoin & Shiba market cap is around $9 Billion USD. During its monumental run-up in 2021, platforms like Twitter and Reddit were flooded with Shiba Inu mentions. One of the common searches and questions is if SHIB can reach 1 cent. Shiba Inu's price history. Bitcoins price had repeatedly broken out of a long sideways movement, resulting in a 40% increase. But you would have to burn more than 99% of today's supply to reach a level that would support significant gains. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. In fact, it is still very unlikely, but it is theoretically possible. So today, its uses are limited. The Shiba Inu project is quite well established, as it has a large base of token holders and listings on major cryptocurrency exchanges. It defies logic that SHIBs market value is 54 times more than Bitcoins, 100 times greater than Ethereums, 27 times greater than Apples, 2.5 times greater than US GDP, or half of global GDP. So it is essential to research any cryptocurrency before you decide to invest in it. 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.. The decline in 2022 is not why the Shiba Inu coin is unlikely to reach 1 dollar. Interest in blockchain-based gaming, as well as NFT trading/ownership, has fallen off a cliff. Will Shiba Inu reach 1 cent? In July 2021, Buterin donated 50 trillion SHIB coins, which represented 5% of its total supply, to India's Covid-19 relief fund. Additionally, transaction fees can soar during these periods of congestion. Crypto experts are optimistic that the price of Shiba will further increase in 2022. So, will Shiba Inu reach 1 cent? What are Shiba Inu coin price predictions for 2040 and 2050? Click here to get a 10% discount on your first payment (monthly or yearly)! In this article, we look at 3 cryptos to buy , Is it still worthwhile to invest in Solana after the FTX scandal and the recent crashes? 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. 6% of every transaction is redistributed to all holders of Surge Inu, Surge Inu promises to buy SHIB and $SURGE at any major market cap milestone and burn the supply. The Motley Fool has a disclosure policy. As for less tangible catalysts, SHIB would need a historic amount of social media buzz to drive its token price to $0.001. Lets see how this market cap stacks up against other financial products and see whether it makes sense. These cryptos have a mining system. SHIB has begun offering NFTs named "Shiboshis" that cost 10,000 Shiba Inu coins which will help burn additional circulating supply. Clearly, SHIB-USD has come a long way since its. Shibarium envisions being an ecosystem from which potential Shiba Inu projects will come up. But will it be hard for Shiba Inu to reach $10? Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. Shiba Inu Price Explodes By More Than 90% since Jan! Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. It was met with much skepticism after traders witnessed the massive rise and steep decline of Dogecoin who came before the Shiba Inu coin. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. We also can see that we will get Shiba Inu at a cheaper rate than what is now. Being an emotional investor will cloud our judgment and will lead us to make terrible money decisions. According to our SHIBA INU price prediction, SHIB is expected to reach a price of $ 0.000016 by Mar 07, 2023. It does not make any logical sense that SHIBs market cap can be 54 times more than that of Bitcoin, 100 times more than Ethereum, 27 times more than Apple, 2.5 times more than US GDP, or half of the World GDP. since, 2020 Shiba has surged by 32k x and people who invested $1000 already reached to million worth investments. Like many altcoins, Shiba . But more than that is needed to reach $1 due to its humongous supply. However, due to the general decline of the crypto market, that hasnt come to pass. Over the past 24 hours, Shiba Inu has experienced a decline of 0.12%. CryptoTicker announces its first NFT Collection How to participate? //

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