Will Shiba Inu Coin Reach 50 Cents? Detailed Analysis
Will Shiba Inu Coin Reach 50 Cents? It would take SHIB 21 years to reach 50 cents if it were to rise at 30% per annum and at the same time burn 50% of its circulating tokens.
Will Shiba Inu Coin Reach 50 Cents: Statistical Analysis
Let us discuss the current scenario of Shiba Inu:
| Price as of August 5th | $0.000012 |
| How many times will the price have to rise to become $0.50? | 42,000 |
| Market Cap as of August 4th | $6. 5B |
| If SHIB were to rise 30% per year, how many years to reach 50 cents? | 41 years |
| If SHIB were to rise 30% per year, plus 50% burn | 21 years |
Will Shiba Inu Coin Reach 50 Cents? What Are the Factors That Can Help Shiba Inu Coin Reach $0.50 Cents?
- Massive Rise In Price Of Shib
If Shiba can roll out all its development plans – Metaverse, DEX, etc in an effective way, the demand for SHIB coins would rise, and hence the price
- Shib Burn
If the current SHIB plan can be accelerated, the rise in prices would be faster
Few Facts about Shiba Inu
- The Market Cap rank of SHIB has fallen from being part of the Top10 list to 15th.
- Since January 2022, SHIB has lost around 63% of its value. SHIB was trading at over $0.000030 in January 2022.
- SHIB is down over 89% since its all-time high of $0.00008845. SHIB was able to attain this value in October 28th, 2021.
How can SHIB Reach $0.50: Video Analysis
Is Shiba Inu a Good Investment?
Shiba Inu has been a good investment since October 2021 when the price of SHIB started to surge. However, for SHIB the number of tokens in circulation has been a real problem. Despite billions of tokens being burnt, the price of SHIB after touching its all-time high in October 2021 has failed to make any big progress. Currently, there are around 549,063.28B SHIB SHIB tokens in circulation and as per our estimation for SHIB to reach $1 around 99.9% of the existing SHIB tokens need to be burned.
Currently, the market condition is worrisome, but it is the same for both crypto and the stock market. The rising inflation has led to investors withdraw their investments and make their ends meet. Added to it the recent fiasco related to LUNA has created a sort of fear among crypto investors. Therefore, Shiba Inu could be a good investment as in the past we have seen its potential to grow but it is always advisable to make in-depth research before making a financial investment.
Shiba Inu 50 Cents? Conclusion
Considering the burn rate requirements, the likely market cap for such a price, and the intense competition amongst cryptocurrencies, it is unlikely Shiba Inu Coin will ever reach 50 Cents.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.
Read: Shiba Inu Price Prediction and Forecast
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