Well based on extrapolating data from November 1st 2021 (the all time high market cap) and February 4th 2023 (I just picked this date for no particular reason). Popular meme token Shiba Inu (SHIB) is stirring up some excitement. if shiba goes to 1 cent how much will i get. Elon musk is huge successor of meme coin because of his tweet and support for Doge, Shiba and other memecoins. Yesterday, Shiba beat Ethereum in 24-hour trending volume collectively on DEX and CEX. There were 1000 trillion SHIB (1 quadrillion) in the start, but roughly 451 trillion were locked up or burnt forever. But the question remains - can SHIB reach the magical 1 cent mark? That's unlikely to happen. SHIB is built on Ethereums ERC20 protocol. I don't think so. The market capitalization of different prominent stocks and metals throughout the globe is shown in the table below. For those of you keeping score at home, this sort of return allows for an investor to double their money, on average, about once every seven years. Shiba Inu is also utilized for transactions, and numerous well-known businesses, like AMC Theaters, currently accept it. This could be similar to the run of Dogecoin itself. Most crypto players offer the exact same things. The more it is used for transactions, the higher the burn rate. Cryptos are Consolidating! This is a . Bitcoin, Dogecoin is a standalone cryptocurrency. SHIB, on the other hand, is a cryptocurrency based on ERC20 tokens. This would represent a 32.18% price increase for SHIB in the next 5 days. SHIBA INU recorded 15 green days in the last 30 days. The GDP of the entire planet earth is around $80 Trillion. As a result, the SHIB coin is not a novel concept. Unfortunately, developers have stated that technical issues delayed the public beta test of Shibarium. 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. And it's climbed more than 44,000,000% this year. But since they all remain confident that the SHIB token prices will continue rising in the foreseeable future, how far up do they then expect the token to reach by 2026? While Ethereum's network is highly trusted, it has a tendency to bog down due to its popularity. We answer this question, explore the reasons why experts believe SHIB token prices will rise in the next few months, reasons it wont reach $10 and their Shiba Inu price prediction for 2026 hereinbelow. The record price represents a near doubling of the value of the Shiba. If SHIB were to reach $0.01, it would have a market capitalization of approximately $5.89 trillion, which would be 4.6x larger than Bitcoin at its very peak. It's even the second-biggest holding of Ethereum whales right now, according to Whale Stats. Shiba Inu coin has landed on the tally of the top 10 tokens purchased by the biggest whales in the last 24 hours. For more context on why its so unlikely anything could boost SHIB to a penny, lets take the example of Bitcoin. The purpose of Shibarium is to drastically reduce transaction fees. SHIB. Let's elaborate. Answer (1 of 38): I'm erring toward more optimistic predictions and saying $1 capped. Shib coin is a new cryptocurrency that has been designed for the Shiba Inu, famous for being one of the smallest and cutest dog breeds in Japan. But first, let us look at its current price. window.__mirage2 = {petok:"S5ZfuvMr9gpFxs7mm17UrMNwLXT4yuie2mYpDgWsvYs-1800-0"}; As per the current Shiba Inu coin price prediction 2025, SHIB can reach a value of $0.0028 per coin by 2025 month end. [CDATA[ Burning the SHIB token is a way to reduce the total supply. Here Are the Chances for the SHIB Price to Increase, meme coins that could be the next to explode. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! Let's take a closer look. The creator of Shiba Inu is known under the pseudonym Ryoshi. Will Shiba Inu (SHIB) Eventually Reach $100? The Numbers are IN! Shiba slips down by 15% after elon musk tweet but again Shiba recover and again towards of reaching new high record. This Meme Coin PUMPED 50% in the past 24 hoursWill it continue to Grow? An example of data being processed may be a unique identifier stored in a cookie. 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. Its why Bitcoin is the largest cryptocurrency. Shiba Inu's coin supply totals 549 trillion. Meme coins like Dogecoin and Shiba Inu Coin may experience a wild ride in 2023. On the Ethereum network, SHIB is a monetary token. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. No consumer protection. Listing partnership on coinbase, webull, robinhood to act like a positive catalyst for Shiba Inu price to make overnight millionaires. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. This could be similar to the run of Dogecoin itself. 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? Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. Shiba Inu Price Prediction: SHIB is Set To Explode? Shiba 2024 Price Forecast in INR: Shib Coin is predicted to touch 0.006 by the end of 2024. 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. Moreover, it has extended to include tokens such as LEASH, BONE, TREAT, and SHI, which serve numerous purposes in the environment. Token officially listed on top tier 1 exchange including Binance, Coinbase, Huobi, FTX and others. The news heightens Shib Inu's visibility and offers more purchasing access to prospective buyers. 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. While it might be difficult to decipher with so many zeroes following its decimal point, Shiba Inu gained an almost unfathomable 121,109,489% in under 10 months. 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. //
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