Will Shiba Inu reach 1 cent
? Shiba Inu can reach 1 cent in 19 years by taking 50% burn and implementing current development plans.
Shib Price Prediction: By the end of 2022, the price of Shiba Inu is expected to remain below $0.000013.
Shiba Inu Price Prediction 2023: For 2023, if Shib increases by almost 50%, the price of SHIB could reach 0.00022 in 2023.
Is Shiba Inu
a good investment? Shiba Inu in the last 3 months has lost more than 40% of its value.
Considering Shiba Inu’s current performance, it’s not a good investment.
The Shib community is one of the most well-organized communities in the cryptocurrency market that drives cryptocurrency towards providing more value to users and does not remain a meme coin. A large area for the community is given that in the year 2021, Shiba Inu had increased 60 times in 6 months, Shiba Inu can reach 1 cent?
Table of Contents:
Shib Price Prediction: Will Shiba Inu reach 1 cent?
Before you do the simulation, here are some facts
- Ethereum has increased 1400 times in the last 6 years
- Solana has increased 100-fold in 2021 alone
How many times does Shiba Inu have to get up to reach 1 cent? 1222 times
Looking at the above data and combining it with an active burning program, it is realistic to expect Shiba Inu to reach 1 cent. If Shib burns 50% of its coins over the next 20 years and then grows at a rate of 50% each year, it will take 19 years to reach 1 cent. This assumes that Shib will implement development plans as outlined below.
Shiba Inu Price Forecast 2023, 2025, 2030 and 2040
Taking into account the current momentum, Shiba Inu is not expected to rise higher in 2023. Shiba Inu 2023 average price is $0.000022.
Shib Price Prediction 2025
The 2025 Shiba Inu aggregate price is $0.0000421. Moreover, if Shiba Inu increases by 50% annually, by the end of 2025 the price of Shiba Inu would be $0.0000338.
Shiba Inu Price Prediction 2030
The aggregate price of the Shiba Inu 2030 coin is $0.00017.
Shiba Inu Price Prediction 2040
Shiba Inu Price 2040 is $0.001621 if Shib increases 15% each year. That’s 12 times today’s price. However, if Shiba increases by 25% each year, it could reach $0.00727, which is 56 times today’s price.
Can Shiba Inu reach 1 cent? Trigger
Shiba Inu triggers to reach 1 cent can be divided into 4 wide buckets
- Macroeconomic factors – Once there is an improvement in market conditions, we could see Shiba prices rise higher.
- whales: The other factor that will help Shiba Inu reach 1 cent is the action of the whale. In the past, Shiba Inu whales have played an important role in increasing the price of Shiba Inu. However, once market conditions worsened, the whales abandoned Shiba Inu to some extent. Now, once whales start supporting SHIB once again, the price of Shiba Inu could see a noticeable increase.
- Shiba Inu Burn: Shib burn will also help increase the price of Shiba Inu.
- Development plans: many projects will help Shiba Inu reach 1 cent. These projects include:
- : Shiba Eternity is a collectible card strategy game that allows players to earn rewards. The Shib team has been pleasantly surprised by its performance so far.
- Shibarium: Shibarium is a Layer-2 blockchain (on Ethereum) and will overlap with all the development work around Shiba Inu whether it’s Metaverse or Gaming or NFT projects. Shiba Inu is currently based on the ETH blockchain, which means that the gas fee for each SHIB transaction is higher. Shibarium, therefore, becomes one of the most exciting projects not only for Shiba Inu developers but also for Shib investors. Shibarium is supposed to be Shiba Inu’s Layer 2 blockchain that will help it get rid of the expensive ETH L-2 blockchain.
- Shibverse: Metaverse is proving to be one of the most discussed projects right now. Shiba Inu also ventured into the metaverse with his metaverse project called Shibverse.
- Doggy Dao: According to Wikipedia’s definition, DAO (Decentralized Autonomous Organization) is an organization represented by rules codified as a transparent computer program, controlled by members of the organization and not influenced by a central government. Since the rules are embedded in the code, no managers are needed, thus removing any bureaucratic or hierarchical obstacles. The first phase of DoggyDAO is active but there is no official announcement for the 2nd phase of DoggyDAO.
- The other projects that Shiba Inu developers are working on are Shiba Inu Burns and Shiba Inu Games.
Action of the
Shiba Eternity
Will Shiba Inu coin reach 1 cent? Why it is possible
A market cap of $5.5 trillion may sound crazy today, but not if it were 20 years or later. With burns of 2-3% per year, this can also be faster and market capitalization requirements could be much lower. The real question is what are the 3-4 factors that could push Shiba Inu towards 1 cent.
- Organized, high-quality leadership: While this may not be such a requirement for Bitcoin, Shiba Inu needs vision, oversight, and execution. Vitalik Buterin for example.
- Plan execution: The core of what makes Ethereum a successful cryptocurrency is a solid blockchain framework and widespread use that in turn drives demand for ETH coins. Shiba Inu has numerous plans, whether it’s its own level 2 blockchain, a metaverse, or the ultimate plan to launch a stable coin. Implementing these will require massive execution capacity because each in itself is a company unto itself.
- Sustaining current momentum: Shib is already well organized as a community, driving payment adoption, and continues to burn at a steady pace.
Shiba Inu will reach 1 cent: risks
- Whales: The price of Shib in the past has been mainly driven by whales. Whales have come to Shiba’s rescue on many occasions. This time, the whales seem to have abandoned Shib and allowed the price of SHIB to fall freely. However, one figure shows that SHIB is the largest altcoin or altcoin preferred among ETH whales.
- Development efforts: The SHIB team is currently implementing many of the plans outlined above. However, none of them has actually been fully implemented.
Will Shiba Inu reach 1 cent by 2025?
Shiba Inu will not reach 1 cent by 2025 because to reach 1 cent the Shib coin will have to reach a market capitalization of 1 trillion (2 times Apple) in 3 years or burn 90% of all SHIB coins in the next 3 years. Both are highly impractical at the moment.
Is Shiba Inu a good investment? Will Shiba Inu go up?
Past performance
In 2021,
when the entire cryptocurrency market was booming, Shib went from $0.00000001 in February 2021 to $0.00003379 by December 2021. This is 3371x higher.
In 2022 so far, Shib is down 65%. Let’s take a look at all cryptocurrencies with over 1 billion market capitalization. We therefore exclude Stablecoins. Shib ranks 23rd among the top 49 coins with over $1 billion in market capitalization. This is an average performance.
So, in 2 years, Shib has a bright year and an average year, relatively speaking. With this new information, is Shib Inu a good investment?
Shib has one of the most aggressive consumer-centric agendas in all cryptocurrencies. The Shiba Inu community has realized that it can only grow if it gets rid of the meme coin tag and has some usefulness. To do this SHIB has devised many projects.
- Shiba Eternity: Shiba Inu launched the game a few weeks ago and the response has been quite good.
- SHIBVERSE: Shiba Inu is making a leap into the metaverse space, since it is rising, Shibaverse’s entry should be easy since it is an already established coin.
- SHIBARIUM: SHIB is built on the Ethereum blockchain that charges huge GAS fees that prevent investors from transacting and reduce the flow of tokens or fiat money into the market. To counter this, SHIB developers are creating their own blockchain that would remove GAS fees, which may or may not be replaced by some other charge from developers.
What has already been implemented?
- Payments – Partnership (Gucci, Tag Heuer, AMC, Sao Polo FC tec)
- SHIB Burns: SHIB developers are in the process of introducing a platform that would allow holders to burn SHIB tokens, which would reduce the number of tokens in circulation and reduce the burden of lack of scarcity.
- Rewards (leash)
- Bone (governance token)
- Dao: The creators of Shiba Inu recently launched the first phase of Doggy DAO.
Doggy
Shiba Inu has struggled for the past 12 months after inflation soared above 6% in November 2021. Over the past 12 months, the Federal Reserve has begun to shrink the size of its balance sheet and raise interest rates. This has reduced the liquidity available to altcoins such as Shiba Inu.
- September-October 2022
- Trading volume range: $90M and $400M
- Number of days when the trading volume was more than $1 billion: 0
- September-October 2021
- Trading volume range: $184 M and $18000 M
- Number of days when trading volume was more than $1 billion: 14
The development of Shiba Inu and
community efforts have been quite positive and should help Shiba Inu. However, as discussed above, the collapse in liquidity prevents a rapid recovery. Macroeconomics is unlikely to recover this year and will probably recover by the end of next year. Therefore, while Shiba Inu will certainly rise, it is unlikely to be anytime soon.
Overall, apparently, there is enough in development to make it a worthwhile investment.
Will Shiba Inu reach 5 cents?
Shiba Inu investors and especially the Shib army have been very optimistic about the future of Shiba Inu despite the fact that the price of Shiba Inu regularly collapses. The Shiba army is trying to push the price of Shiba Inu to 1 cent and then to 5 cents. However, a question arises: will Shiba Inu reach 5 cents? If so, when and how? Here we explain how and when Shiba Inu can reach 5 cents using some simple calculations:
At the current price and following the same rate of gain, there is almost no chance for Shiba Inu to reach 5 cents this year in the next 50 years. If Shiba Inu earns only 5% per year, it will reach 5 cents in the next 66 years, that is, in 2087.
For Shiba Inu to reach 5 cents, it will have to increase or earn 4680 times from the current price
Some calculations with a time frame to reach 5 cents
Shiba Inu will reach 5 cents in 16 years if Shiba Inu earns 30% per year and burns 50% of its total supply.
Can Shiba Inu reach 10 cents?
Over the past 1.5 years, the definition of cryptocurrencies has changed. From being identified only by the value of the token, cryptocurrencies are now identified by their ecosystem. The price of Shiba Inu tokens has declined and reached its lowest since October 2021, but one factor keeping Shib investors motivated is the expansion of the Shiba Inu ecosystem.
However, for Shiba Inu to reach 10 cents this year may not be possible considering the current market condition. However, in the future Shiba Inu could reach 10 cents. At the current price, Shiab Inu will have to go up by 9950 cents to reach 10 cents or the following scenario can be considered for when and how Shiba Inu will reach 10 cents:
If Shib were to increase by 30% per year and burn even 50% of coins: 17.5 years
If Shib were to increase by 50% per year and burn even 50% of coins: 10.5 years
In the next 11.5 years, Shiba Inu can reach 10 cents, provided that 50% of Shib tokens are burned and the price of Shiba Inu increases by 50% per year.
Shib Price Prediction: Is Shiba Inu better than other cryptocurrencies?
To answer this question honestly, one has to ask how well Solana, Polkadot and Matic are performing. All these level 1 blockchains with large market caps have performed as well as Shiba Inu or even worse than Shib.
While Shib started as Memecoin, it is one of the most dynamic cryptocurrencies in an attempt to make it more useful: payment partnerships, Burn, Metaverse, Shibaswap, and so on. The Shib community has also been quite strong despite losing so much value in recent months.
Yes, Shiba Inu will rise again once the overall cryptocurrency market goes up. It is likely to outperform most cryptocurrencies except coins with a small market cap. In terms of utility, Shib follows Ethereum and Bitcoin, but because of its multifunctionality including wide acceptance in payments, Shibaverse and Shibswap,
Shiba Inu is well positioned to rise faster than most cryptocurrencies. However, its recovery will depend on the recovery of the cryptocurrency market itself, which has experienced a downward trend this year.
Warnings – This analysis is carried out on the basis of publicly available information at this point. Some degree of volatility is expected in the cryptocurrency market for the coming months.
What Is Shiba Inu?
Shiba Inu is an Ethereum-based cryptocurrency introduced as an alternative to Dogecoin. It was created in the year 2020 by an anonymous person named “Ryoshi”. The Shiba Inu token started with a supply of 1 quadrillion SHIB. 50% of the supply was locked in Uniswap and the other half was burned the other half to Ethereum co-founder Vitalik Buterin for safekeeping.
Shiba Inu started after the success of Dogecoin, it is believed that it was
launched to make fun of Dogecoin (since it was a meme coin), it is also believed that it is nicknamed “Dogecoin Killer”. Since Dogecoin became popular as a meme coin, the founders decided to put the face of a dog breed and decided to start a coin. However, the success of Shiba Inu has been huge, which has led to more imitations in the cryptocurrency market such as Elon’s rabbit, Baby Mon Floki, etc. However, it is believed that SHIB really took off after launching its decentralized exchange platform. From time to time, Shiba Inu has reached new heights and will continue to do so.
