|Will Shiba Inu Coin reach $1? Considering the current price, Shiba Inu will have to increase 99,000 times to reach $1. However, if Shiba Inu is able to burn 3% of its supply each year and add 30% to its value each year, it would take 22 years to reach $1.
Shiba Inu will reach $10: In order for Shiba Inu to reach $10 from the current price it will have to increase by 835,000 times
What is the Shiba Inu 2030 price forecast? 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.
Will Shiba Inu Coin reach $1? Some statistical scenarios
|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|
At the current price, Shiba Inu will have to increase 99,000 times to reach $1. This may seem impossible even now, but in the past we have noticed that Shiba Inu is gaining big, therefore, the possibility that Shiba Inu increases cannot be denied.
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:
|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|
|September 2022||US$ 0.0000120|
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.
Recently the largest Ethereum Whale sold Shib tokens worth $250,000. However, this was not the real news of the last hour. The real news was that the whale itself first bought $7 million of Shiba Inu tokens. In about 14 transactions, Ethereum whale had purchased a total of 536 billion SHIB tokens.
Shiba Inu token data like September 19
Maximum total supply: 999.991.155.487.194
Circulating supply: 559,676,972,405,632
Total burned from initial supply: 410,380,708,935,093
Can Shiba Inu reach $1? Some statistical oddities
- Apple’s market cap today is $2.48 trillion. This is the highest for any company today. 20 years ago, Apple’s market cap was almost the same as Shiba Inu today.
- 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 $183 billion today.
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 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.
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
|Last 5 days||+3.7%|
|Last 5 days||+8.2%|
|Last 5 days||+0.6%|
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 the 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.
Will Shiba Inu reach $1? Why did Shiba Inu crash?
Shiba Inu has plummeted once again and has lost about 10% of its value in the last 7 days. This comes after the recent surge that indicated the market’s recovery, but the latest crash has again created a negative outlook among investors. Here are some reasons why Shiba Inu crashed:
- The main reason for shiba Inu’s collapse is related to fed chairman Powell Jackson’s statement. Powell Jackson in his speech said that to bring inflation under control policy must be strengthened. When the market expected some relief, this statement once again led to panic in both stock and crypto markets. Powell also said the central bank will tighten monetary policy in order to reduce inflation.
- After this statement by Powell, the cryptocurrency market collapsed and once again the overall market capitalization fell below $1 T. Shiba Inu who was also going up collapsed and fell below $0.000013.
- In addition, one of the US Fed officials predicted that interest rates will rise by 4% in the coming days, which has led to increased pressure on the already stressed market.
- The other factor that Shiba Inu crashed into is the decrease in holding ethereum whales. Collective detention of ETH whales dropped to about $500 million from $1 billion, a massive decrease of $500 million
Shiba Inu will reach 1 dollar: how to buy Shiba Inu?
Here are the steps to buy Shiba Inu cryptocurrency:
- Find the exchange where the Shiba Inu coin is listed
- Create an account with Exchange
- Verify your identity
- Finance your portfolio
- Make the purchase
Shiba Inu Coin is one of the most popular cryptocurrencies, so most exchanges have listed Shiba Inu for trade. Here are some popular exchanges where you can buy Shib:
Shiba Inu will reach 1 dollar: where to buy Shiba Inu Coin?
Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB and KuCoin.