Shiba Inu Coin will reach 1 dollar by 2030

Shiba Inu Coin will reach $1? Yes, Shiba can reach $1 as Shiba Inu Leadership and the community are building an ecosystem to drive the use and burning of tokens. However, it is unlikely to happen overnight since $1 is 91,500 times higher than the current price.

Will Shiba Inu reach $10? In order for Shiba Inu to reach $10 from the current price it will have to increase 885,000 times

Shiba Inu Price Prediction 2030 Shiba Inu Price Prediction 2030 is $0.0000546 if Shiba Inu earns 30% per year and Shiba Inu Price Prediction 2030 is $0.0000270 if Shib earns 10% per year from now.

Latest price Shiba Inu

A brief background before getting into the mathematics of everything.

Shiba Inu is one of the most dynamic cryptocurrencies on the market. There are three reasons why we characterize Shiba Inu in this way.

  1. While we initially characterized him as a jack of all trades, Shib is gradually building an ecosystem that will drive shib consumption (L2, Metaverse, DAO, DEX, and Gaming).
  2. Secondly, shib has a community that guides the awareness, use and burning of coins.
  3. A combination of these two factors also makes Shib an increasingly accepted token for payment on many platforms.

Here’s how CrowdwisdomLIVE rates SHIB on various metrics

CrowdwisdomLive rating out of 10
Differentiation (use cases) 6
execution 7
community 9th
Macroeconomics (Universal Rating) 5
Others (Burn) 7
Overall score Shiba Inu 34/50
Ethereum 35th
Classic Moon 29th

This is one of the reasons why ETH and SHIB performed almost on par in 2022 despite Ethereum going through a “revolutionary” merger. Not only that, SHIB outperformed Ethereum since the June 18 fund. Shib rose by +37.1% while Eth rose by 20.5%.

But $1 is not an easy goal. Given the current price of 1 SHIB, $1 is really far away. The fact is that such long-term predictions are difficult to make given how we live in such uncertain times. However, many investors have to make decisions today and not when everything is obvious.

Will Shiba Inu Coin reach 1 dollar? Some statistical scenarios

If it sounds crazy that SHIB will be at $1 many years from now, just look at Bitcoin.

  • Bitcoin was priced at $0.1 in October 2010. 12 years later, it is 188000 times higher.
  • How much does $1 cost from today’s Shib price? 91,500 times higher.

We have run a simple scenario where we assume 30% growth every year. Is it possible? Absolutely! Especially if the coin burns 1-2% of the supply every year. Read our reasoning in the next section.

If SHIB were to increase by 30% per year 45 Years
If SHIB were to increase by 30% per year and also burn 50% of the coins 22.5 Years

Looking at the above math, SHIB could reach $1 in 23 years. This is 4 times slower than Bitcoin. Therefore, this estimate is not an exaggeration even if it is built on some assumptions.

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Will Shiba Inu reach 1 Cent? Yes, in the coming years

Shiba Inu Tokenomics

  • On launch day, the Shiba crypto team locked in 50% of the total supply of the token in Uniswap.
  • The remaining 50% of the SHIB token supply was sent to the ERC-20 wallet of Ethereum founder Vitalik Buterin.
  • No tokens were reserved for shiba’s founders and developers.

Current Supply (3 October)

Maximum total supply: 999.991.122.928.026
Total supply: 589.618.484.570.216
Circulating supply: 559.878.643.425.568
Total burned from initial supply: 410,381,515,429,783

Shiba Inu will reach 1 dollar: why does Shiba Inu seem well positioned in the future?

The launch of Shibarium: As we know, Shiba Inu is one of the crypto-based layer-2 on the Ethereum blockchain. The transaction on the ETH blockchain is quite expensive due to the higher price of gas, and speed has been a demand for a long time. The developers of “Meme Coin” no longer want the Shiba Inu coin to be called Memecoin. Expanding their ecosystem, Shiba Inu’s developers are working on their own blockchain platform, Shibarium, which is expected to launch this year.

Once Shibarium is active, Shiba Inu will be free from the ETH blockchain and there are high chances that gas fees will decrease later.

The bulls are back: since the cryptocurrency market collapsed, there has been almost no bullish action since the surge that happened was always short-lived. However, in recent days, it has been noted that the surge lasted for a couple of days and the incident was not as brutal as it was in recent weeks ago. Therefore, it is clearly evident that the bulls are once again supporting the SHIB and the price is expected to rise in the near future.

Decrease in the price of crude oil: The price of crude oil has been below $100 in recent weeks. According to our analysis, it was noted that whenever there was a surge in the price of crude oil, the cryptocurrency market collapsed. In recent months, the price of crude oil has skyrocketed and is clearly reflected in the price of cryptocurrencies. However, in recent weeks, the price of crude oil has fallen and this is helping the cryptocurrency market recover.

In the last days of August 2022, the price of crude oil per barrel was close to $ 100, but now it is below $ 90. If there is a further drop in the price, we could see the cryptocurrency market rise again.

Can Shiba Inu reach $1? Risks and caution

  • Apple’s market cap today is $2.42 trillion. This is the highest for any company today. 20 years ago, Apple’s market cap was almost the same as Shiba Inu today. A 200-fold increase.
  • It took Ethereum 4 years to increase its market cap from 5 billion (like Shiba Inu today) to $500 billion, but the market cap has dropped from its peak and is at $160 billion today.

While the rise of Bitcoin is legendary, it is also true that there are few other examples to emulate for SHIB. So while SHIB$1 is possible, there are only a handful of cases that support the possibility.

Shiba Inu will reach 1 dollar: Shiba Inu’s journey so far

Shiba Inu had one of the most remarkable trips and started in January of 2021. Here’s how the price of Shiba Inu has changed since January 2021:

date price
December 31, 2020 $0.0000000000077
January 31, 2021 $0.0000000050
March 31, 2021 US$ 0.0000000056
April 30, 2021 US$ 0.0000020
October 27, 2021 US$ 0.000086
October 2022 US$ 0.000011

As of December 2020, the number of zeros in the price of Shiba Inu was 10 which dropped to 8 by the end of January 2021. By March 31, 2021, Shiba Inu lost two more zeros, and by the end of April 2021, the price of Shiba Inu was trading at only 5 zeros.

The most notable growth Shiba Inu saw was in October 2021 when the price went to over $0.000080 and was on the verge of losing another zero. However, since then there has not been much change in the price of Shiba Inu. Currently, Shiba Inu is traded for 4 zeros.

Will Shiba Inu reach $10?

One of the biggest problems for Shiba Inu was its supply with its initial supply of about 1 quadrillion tokens. However, since its official launch, about 50% of the total SHIB tokens have been put out of circulation, but even after achieving such an enterprise, 559,580,658,350,747 Shib tokens remain in circulation at the moment. The maximum initial supply was 999,991,176,199,009. To date, 410,380,067,684,113 SHIB tokens have been burned.

To reach $10, the maximum token must burn. In order for Shiba Inu to reach $10 from the current price it will have to increase by 38,500 times. With the help of a simple calculation, we will determine how and when Will Shiba Inu will reach 50 cents:

If Shib were to increase by 30% per year 52 Years
If Shib were to increase by 30% per year and burn even 50% of the coins 26 years
If Shib were to increase by 50% per year 34 Years
If Shib were to increase by 50% per year and burn even 50% of the coins 17 years

Shiba Inu Price Prediction 2030: Shiba will rise again?

The probability of Shiba returning to rise is subject to the following micro and macro factors

  • Proven performance (no promises) on Shiba’s development plans – Shibarium, Metaverse and the like
  • Combustion rate that should increase to 3-4% per year
  • The US inflation rate is starting to fall and the Fed is signaling that it will no longer raise the interest rate

Shiba Inu Price Prediction 2030

A whole host of factors could help Shiba Inu grow nearly 20-fold by 2030

  • Shiba Eternity: The immediate reason for the wave could have been Shiba Eternity, the game of Shiba Inu.
  • Improved macroeconomics
  • Shibarium: The developers of Shiba Inu are working to improve the Shiba Inu ecosystem so that more investors are attracted to SHIB. As we know Shiba Inu is a token issued on the Ethereum blockchain. Transaction costs on the ETH blockchain are quite expensive, and speed has been a question for some time.

Shiba Inu Coin Price Prediction 2030 is 0.00023 (Time Series Method)

Shiba Inu Price Prediction 2030 based on a simple calculation

If Shib were to increase by 10% per year Price forecast 2030 US$ 0.0000260
If Shib were to increase by 20% per year, Price Prediction 2030 US$ 0.0000512

Shiba Inu will reach 1 dollar: performance analysis

Shiba Inu Gain/Loss
Last 5 days -0.6%
Ytd -66.5%
Last 5 days -4.1%
Ytd -64.8%
Last 5 days +1.5%
Ytd -64.5%

Will Shiba Inu Coin reach $1? What are the possibilities and barriers?

There are many barriers to why Shiba Inu will struggle to reach $1

Competition: There are 17000 cryptocurrencies and maybe 10-50 of them that are quite differentiated. Shiba Inu, which started as a meme coin, is now attempting to offer almost everything (payments, DAO, Metaverse, Layer-2 Blockchain, DeFi, etc.).

The problem with this strategy is that the coins with the best performance are the strongly differentiated ones. A generalist currency will have a hard time adding value. Also, from a portfolio perspective, it makes sense to diversify positions into multiple areas

Impossible to burn beyond one level: in practice, it is unlikely that so many coins will ever be burned. Burning 50% or 99.9999% is impossible for a number of reasons. The first among them is a simple fact that not all investors would be looking for abnormal returns. Some would be happy with much lower yields and would not be keen on burning their coins

Whales: The price of Shib in the past has been mostly 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 fact shows that SHIB is the largest altcoin or favorite altcoin among ETH whales.

YTD Performance: The cryptocurrency market is declining and almost all cryptocurrencies are lower and this is the case since January 2022.

That said, even without burns, the price of Shiba Inu could increase much more than 14 times in the next 8 years.

Can Shiba Inu reach $1 in 2030? The Burn scenario

To reach $1, Shiba Inu will need to increase 84,818 times over the current price. This is not impossible and there are many ways in which Shiba Inu Coin can reach $1.

  • A significant number of tokens will have to be burned so that the price of each coin increases.
    • For example, there are 549 trillion coins in circulation today and if we were to burn 99.9999% of all coins, the price would be $1.15.
  • Another way to look at it is the current projected price for 2020 is 0.00016, which translates to a market cap of $88 billion. Shib will have to burn 99.999% of all coins.

The combustion can be less if many of Shib’s plans such as Metaverse, Shib Swap, and Payment Partnerships take off and consume many of these tokens.

Will Shiba Inu Coin reach $1? Is Shiba Inu better than others?

To answer this question honestly, one has to ask how well solana, Polkadot and Matic are behaving. All of these Level 1 blockchains with large market caps have worked 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 having lost so much value in recent months.

Yes, Shiba Inu will rise again once the overall cryptocurrency market increases. It is likely to outperform most cryptocurrencies except for 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.

Shiba Inu Price Prediction 2030: Shiba Inu Price at $0.01

Shiba Inu investors are, however, confident that the price of the SHIB token will reach 1 cent in 2022. Because, SHIB to reach 1 cent will have to increase 700 times to reach 1 cent ($0.01) this year. In the year 2021, Shiba Inu had increased 60 times in 6 months.

Shiba Inu Price Prediction 2030: Shiba Inu Price at $0.50

At its current price, for Shiba Inu to reach 50 cents it will have to increase by 50,000 times, which means that Shib’s market capitalization will also multiply by 50,000 times. If this happens, SHIB will not exceed the Ethereum market cap on which it is based, which seems somewhat impossible at the moment.

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