Shiba Inu (SHIB) is a cryptocurrency-meme created by an anonymous person called ‘Ryoshi’ in August 2020. SHIB is an ERC20 token, which works on the Ethereum blockchain and exploits the strength of the user community that supports it and uses it for payments and exchanges on digital media. SHIB was inspired by the popular internet meme ‘Doge’, which depicts a Shiba Inu dog with a funny expression. SHIB is proposed as an ironic and self-deprecating alternative to Dogecoin (DOGE), the famous memecoin that has reached a valuation of billions of dollars.
SHIB has a circulating supply of around 394 trillion tokens, with a maximum supply of one quadrillion
.
Table of Contents:
When will it reach 1 dollar?
Shiba Inu hasn’t reached the value of 1 dollar yet, and it probably never will. To achieve this goal, Shiba Inu should have a market capitalization of about one quadrillion dollars, higher than that of the entire world’s GDP. This scenario is extremely unlikely, if not impossible, considering the nature and purpose of Shiba Inu. SHIB was born as a meme-cryptocurrency, which is based on fun, humor and virality, not on seriousness, functionality or stability. SHIB has a very low valuation of about $0.00002 at the time of writing
this essay.
When will it reach 10 dollars?
Shiba Inu hasn’t reached the value of 10 dollars yet, and it probably never will. To reach this goal, Shiba Inu should have a market capitalization of about 10 quadrillion dollars, higher than that of the entire world’s GDP multiplied by ten. This scenario is extremely unlikely, if not impossible, considering the nature and purpose of Shiba Inu. SHIB was born as a meme-cryptocurrency, which is based on fun, humor and virality, not on seriousness, functionality or stability. SHIB has a very low valuation of about $0.00002 at the time of writing
this essay.
When will it reach 100 dollars?
Shiba Inu hasn’t reached the value of 100 dollars yet, and it probably never will. To achieve this goal, Shiba Inu should have a market capitalization of about 100 quadrillion dollars, higher than that of the entire world’s GDP multiplied by one hundred percent. This scenario is extremely unlikely, if not impossible, considering the nature and purpose of Shiba Inu. SHIB was born as a meme-cryptocurrency, which is based on fun, humor and virality, not on seriousness, functionality or stability. SHIB has a very low valuation of about $0.00002 at the time of writing
this essay.
When will it reach 1000 dollars?
Shiba Inu hasn’t reached the value of 1000 dollars yet, and it probably never will. To reach this goal, Shiba Inu should have a market capitalization of about 1000 quadrillion dollars, higher than that of the entire world’s GDP multiplied by a thousand. This scenario is extremely unlikely, if not impossible, considering the nature and purpose of Shiba Inu. SHIB was born as a meme-cryptocurrency, which is based on fun, humor and virality, not on seriousness, functionality or stability. SHIB has a very low valuation of about $0.00002 at the time of writing
this essay.
Is it considered a good investment?
Shiba Inu is considered by many to be a good investment, as it offers a high chance of earning with a low risk. In fact, SHIB has a very low rating, which makes it accessible to anyone who wants to buy it. In addition, SHIB has a strong user community that supports and promotes it, creating constant demand and media visibility. SHIB has also benefited from the endorsement of some celebrities, such as Elon Musk, who has expressed his appreciation and support for SHIB on social
media.
However, investing in Shiba Inu also involves risks, as with any other cryptocurrency. The price of SHIB is subject to strong fluctuations, which may be influenced by internal and external factors. In addition, SHIB does not have a clear and defined roadmap, nor does it have a dedicated and professional development team. Finally, SHIB faces competition from other meme cryptocurrencies that offer similar or better solutions, such as Dogecoin, Floki Inu, and Baby Doge
.
Price forecasts from 2024 to 2030
Here is a table with SHIB’s price forecasts from 2024 to 2030, based on different sources and analysis methods. These are indicative estimates and not financial advice, and they do not take into account any unforeseen factors that could affect the price of
SHIB.
Tabla
| Anno | Low forecast | Average forecast | High forecast |
|---|---|---|---|
| 2024 | $0.00001 | $0.00002 | $0.00004 |
| 2025 | $0.000015 | $0.00003 | $0.00006 |
| 2026 | $0.00002 | $0.00004 | $0.00008 |
| 2027 | $0.000025 | $0.00005 | $0,0001 |
| 2028 | $0.00003 | $0.00006 | $0.00012 |
| 2029 | $0.000035 | $0.00007 | $0.00014 |
| 2030 | $0.00004 | $0.00008 | $0.00016 |
