Can Shiba Inu Reach Half a Cent?
The strong community of Token Holders wants to know if Shiba Inu can reach half a cent. While it is a symbolic target, it also shows the potential of the Token. Read our analysis in detail
Shiba Inu Price Performance
|Last 7 Days||+15.5%|
|Last 1 Month||+16.3%|
|Last 12 Months||+4.7%|
|Since Launch (2021)||+713450.0%|
Can Shiba Inu Reach Half a Cent? Market Cap and Growth Requirements
Yes, Shiba Inu can reach a price as high as $0.005, however, not anytime soon in the future.
In order for Shiba Inu to reach half a cent, it would need to increase by a factor of 600. At $0.005, SHIB’s Market Cap will be $2.9 Trillion. If Shiba Inu were to grow at a rate of 25% each year, it would take about 28 years to reach half a cent. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach half a cent- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, it is 22000 times higher)
- Market Cap at $0.005- Partially Feasible
- Time required to reach half a cent if it were to rise at 25% per annum- Partially Feasible
Considering the criteria Quality of Investment, growth required and time required, Shiba Inu has a low chance of reaching half a cent in the near future. Let us analyze it further:
Consider a scenario when 99% of the tokens are burnt.
Will Shiba Inu reach Half a Cent by 2030?
No, Shiba Inu will not be able to reach half a cent by 2030. The number of Tokens in circulation is quite large and no amount of use cases will support a price of $0.005. However, should there be a substantial burn, say about 90-95%, this could become more realistic.
Will Shiba Inu reach Half a Cent by 2025?
No, Shiba Inu will not be able to reach half a cent by 2025. There is no scenario, not even burn that will enable this price target. The reasons are – the current price is quite low, the market cap is already $4.91 Billion and there are only 25 months for us to reach the end of the year 2025.
Will Shib Burn Help Reach Shiba Inu Half a Cent?
Given the market cap of $2.9 Trillion at half a cent, only a burn program that would terminate 99% of the tokens would help Shiba Inu reach $0.005.
The burning of a significant number of tokens is necessary to increase the price of each coin. For instance, if we burn 99.9999% of all the 589 trillion coins currently in circulation, the price would reach $1.15
The burn can be lower if many of Shib’s plans like Metaverse, Shib Swap, and Payment partnerships all take off and consume a lot of these tokens. However, none of these are practical scenarios.
Can Shiba Inu reach half a cent? Overview of Shiba Inu
The possibility of Shiba Inu Coin reaching $0.005 is considered low, but the coin has several factors in its favor. Shiba Inu is actively striving to shed its meme coin image by launching various projects such as Shiba Eternity (gaming), Shibaverse (metaverse), Shibarium (layer-2 blockchain), Shibaswap (native DEX), and Shiboshis (NFT collection). Additionally, Shiba Inu is gaining traction in real-world applications through partnerships for payments with brands like Gucci, Tag Heuer, and AMC, and by implementing token burning to reduce supply, further supported by storage on exchanges.
However, there are considerable risks and challenges. Historical and forecast data indicate that Shiba Inu might not achieve significant growth, with predictions suggesting it won’t cross $0.00012 by 2030. Its broad strategy, covering payments, DAO, Metaverse, Layer-2 Blockchain, and DeFi, faces competition from specialized tokens, like Floki Inu focusing on NFT games. The possibility of extensively burning Shiba Inu tokens to reduce supply is also limited. Despite a strong online community, the coin’s real-world application in payments and DeFi remains limited, and without increased usage, it risks remaining a meme coin with limited long-term viability, compounded by general market volatility.
Can Shiba Inu reach half a cent? Conclusion
Shiba Inu can certainly reach half a cent over the next 28 years if enough tokens are burnt and Shiba Inu implements the whole range of developments that have been promised. Further, the macroeconomic environment should mostly remain favorable during this period.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.