Will Shiba Inu reach 1 Dollar and Shiba Inu Price Prediction 2022, 2025 and 2030
|Will Shiba Inu reach 1 dollar in 2030? |
It would take SHIB 22 years to reach $1 if SHIB rises 30% a year and also burns 2-3% of the supply every year.
If 50% of the token is burnt every year and Shiba Inu rises 30% every year, then Shiba Inu will reach $1 in 22 years from now.
Shiba Inu Price Prediction 2022 is 0.000017
Shiba Inu Price Prediction 2025 is 0.000037
Shiba Inu Price Prediction 2030 is 0.000199
Read about Shiba Inu 1 Dollar and also the latest Shiba Inu Price Predictions
Latest Shiba Inu Price
Shiba Inu was trading 1.38% lower at $0.0000124. Market Cap: $6.80 B, Trading Volume: $465 M.
- SHIB has risen 15% from the bottom of June 18th. SHIB has also outperformed both BTC and Dogecoin this month
- Our analysis finds little correlation between Shiba Inu price and Whale behavior
Will Shiba Inu reach 1 dollar? Some Statistical Scenarios
Shiba Inu has surged marginally but the surge does not help Shiba Inu’s price rise by over $0.000015 as of now. Considering the current price, Shiba Inu needs to rise 80,700 times to reach $1. Considering Shiba Inu may rise 30% every year, it may reach $1 in the next 44 years.
|Price as of August 12th||$0.0000124|
|How many times will the price have to rise to become $1?||80,700|
|Market Cap as of August 12th||$6.80 B|
|If SHIB were to rise 30% a year, how many years will it take to reach $1?||44 Years|
|If SHIB were to rise 30% a year and also Burn 50% of the Coins||22 Years|
Will Shiba Inu Coin reach $1? What are the chances and Barriers?
There are many barriers to why Shiba Inu will struggle to reach $1
- Competition: There are 17000 cryptocurrencies and perhaps 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 best-performing coins are those that are heavily differentiated. A generalist coin will find it difficult to add value. Also, from a portfolio perspective, makes sense to diversify positions across multiple areas
- Impossible to execute burn beyond a level: Practically speaking, it is unlikely so many coins will be ever burnt. Burning 50% or 99.9999% is impossible for a variety of reasons. Foremost amongst them is a simple fact that not all investors would be seeking abnormal returns. Some would be happy with much lower returns and would not be keen on burning their coins
- Whales: Shib price in the past has been mostly driven by the Whales. The Whales have come to the rescue of Shiba on many occasions. This time, the whales seem to have deserted Shib and allowed to price of SHIB to free fall. However, one data shows that SHIB is the biggest altcoin or the favorite altcoin among the ETH whales.
- YTD Performance: Crypto market is down and almost all the cryptos are lower and this has been the case since January 2022.
That said, even without a burn, Shiba Inu’s price may increase much more than 14 times over the next 8 years.
|Will Shiba Inu Reach 1 Dollar: Why A Shiba Inu Break Out Is Coming?|
The latest crypto market movement suggests that the long winter may be coming to its end. However, how long it will take for the cryptos to recover completely will be difficult to predict. Shiba Inu which once was the best-performing cryptocurrency is one of the worst-performing crypto this year. But unlike other altcoins, the developers of the Shiba Inu are working to improve the ecosystem of Shiba Inu so that more investors will be attracted to SHIB.
Here are a few reasons why Shiba Inu break out is coming soon:
1. The Launch of Shibarium
As we know Shiba Inu is one of the layer-2 crypto-based upon the Ethereum blockchain. The transaction on the ETH blockchain is quite expensive due to the higher gas price and the speed has been a question for a long. The ‘Meme Coin’ developers no longer want the Shiba Inu coin to be called Memecoin. Expanding their ecosystem, Shiba Inu developers are working on their own blockchain platform, Shibarium which is expected to be launched this year.
Once Shibarium is live, Shiba Inu will be free from ETH blockchain and there are high chances of Gas fees going down after that.
2. Bulls Are Back
Since the crypto market crashed, there was hardly any bull action as the surge that used to happen was always short-lived. However, in the last few days, it was noticed that the surge lasted for a couple of days and the crash has not been as brutal as it was the last few weeks ago. Therefore, it is clearly evident that the bulls are once again backing the SHIB and the price is expected to rise in near future.
3. Decrease in Crude Oil Price
As per our analysis, it was noticed that every time there was a surge in the price of Crude oil, the crypto market crashed. In the last few months, the price of crude oil has soared and it’s clearly reflected in the crypto price. However, in the last few days, the crude price has decreased and the overall outlook of the crypto market has improved. So as the crude price decreases further, there are high chances of the crypto market improving further.
Can Shiba Inu reach 1 Dollar? 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’s is today.
- It took Ethereum 4 years to increase its Market Cap from 5 Billion (same as Shiba Inu today) to $ 500 Billion but the market cap fell from its peak and it is at $183 Billion Today
Can Shiba Inu reach 1 dollar in 2030? The Burn Scenario
To reach $1, Shiba Inu will have to increase 84,818 times from 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 burnt 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 the coins, the price would be $1.15.
- Another way to look at it is the current forecasted price for 2020 is 0.00016, which translates to a market cap of $ 88 Billion. Shib will have to burn 99.999% of all the coins.
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.
Shiba Inu Price Prediction 2022, 2025, 2030
Shiba Inu coin price is likely to rise over the next few years. With substantial efforts by the core team, Shiba Inu is seen differently from other meme coins.
- Payments – Partnerships (Gucci, Tag Heuer, AMC, Sao Polo FC tec)
- Rewards (Leash)
- Bone (Governance Token)
- Metaverse (Fairly New) – Shib has aggressively moved towards building a Metaverse as most of the cryptocurrencies in that space have lower Market Caps than Shiba Inu. The Metaverse will enable users to conduct commerce using $SHIB. This looks promising but it is early days of execution as of now. The company has begun execution by auctioning Metaverse Land
Will Shiba Inu reach 1 dollar: Frequently Asked Questions
Will Shiba Inu Surge?
Shiba Inu’s surge has mostly depended on the market and the current market has turned green and is expected to rise. This is good news for Shiba Inu and it may rise over $0.000015 this month.
As noticed, when there is a surge, to support Shiba Inu, the whales have played a very important role. In the current scenario, whale action cannot be ruled out.
One of the important factors that will help the surge of Shiba Inu will be the current US inflation rate. The inflation has finally come down to 8.5 and this is good news for cryptocurrencies.
Is Shiba Inu worth buying?
Crypto investments are subject to market risk and many factors from around the world influence the price of cryptocurrencies. Recently, crypto investors lost a huge investment due to the Luna crash and since then there have been many questions about cryptocurrencies.
Shiba Inu is a meme token created as an alternative to another meme token Dogecoin. Therefore, a question arises, Is Shiba Inu a safe investment, or is Shiba Inu worth buying? We will be highly cautious when answering this question as investing in cryptos includes finances and wrong advice could lead to huge financial losses.
Shiba Inu was launched as a meme coin but its developers are working day in and day out to shed off this meme coin tag. Shiba Inu developers are creating their own blockchain network Shibarium so that they could move away from the dependency on the Ethereum blockchain network. Added to it several projects like Shibverse, and DoggyDao are in pipeline to support Shiba Inu. Therefore, from a technical point of view, Shiba Inu is worth buying but looking at the market condition it may not help you make a profit in the short term.
What are the Risks of Investing in Shiba Inu?
Investing in Cryptocurrencies is not for the faint-hearted. Altcoins (any coin other than Bitcoin) are very volatile and could swing 5-10% every day for days together. So, if you are uncomfortable with that kind of volatility, Shiba Inu is not appropriate for you.
Some of the best-performing cryptocurrencies in 2022 were very differentiated from the rest. That aside, Shiba Inu was not a fully differentiated cryptocurrency at the time of launch. While it is differentiating itself now, that is still a work in progress. If SHIB fails to differentiate itself sufficiently, new investors are likely to invest in cryptos that quite different from the others.
Will Shiba Inu reach 1 dollar? Shiba Inu’s Performance In 2022
Shiba Inu along with all the cryptocurrencies is trading much lower than its January 1st week value. Shiba Inu has lost over 70% of its value since then. Here is how Shiba Inu has performed in 2022:
Shiba Inu was trading at over $0.000030 on the first day of January 2022. However, by the end of the first week of January 2022, Shiba Inu’s price went below $0.000030. For the rest part of the month, the price of Shiba Inu kept hovering between $0.000030 and below $0.000030. However, in the last week of January 2022, SHIB lost its momentum, and the price of Shib reached a point of crashing below $0.000020.
The month of February 2022 remained the same as January for Shiba Inu. There was no improvement in the price of Shiba Inu and the price of Shib remained below $0.000030. However, the Shib army was able to keep the price of Shiba Inu at over $0.000020.
March remained a dull month for Shiba Inu. After the Russia-Ukraine conflict, almost all the cryptocurrencies were trading lower. For Shiba Inu, the price went below $0.000025. Throughout the month of February, Shiba Inu’s price remained between $0.000020 and $0.000025.
The Shiba Inu holders had been waiting for Shiba Inu to be listed on Robinhood. On April 12th Shiba Inu was listed on the Robinhood exchange. However, the expectation of the price of Shiba Inu to skyrocket fell flat. Shiba Inu failed to breach $0.000030 even after the Robinhood listing. By the end of April 2022, Shiba Inu was almost on the verge of sliding below $0.000020.
The month of May turned out to be worse for Shiba Inu investors. The price of Shib crashed below $0.000020 and for the rest part of the month, Shib’s price remained below $0.000020.
In June, Shiba Inu’s price went below $0.000010 and one more “0” was added to the price of Shiba Inu. With Shiba Inu’s price crashing below $0.000010, many believed that Shiba Inu was dead now. However, since then there has been a marginal surge in the price of Shiba Inu. The price of Shib is now over $0.000010 but the fear of crashing below $0.000010 remains high.
Will Shiba Inu reach 1 Dollar: Some Facts
- Shiba Inu is an Ethereum-based cryptocurrency introduced as an alternative to Dogecoin. It was created in the year 2020 by an anonymous person named “Ryoshi”
- The Shiba Inu token started with a supply of 1 quadrillion SHIB. 50% of the supply was locked in Uniswap and the other half was burned the other half to Ethereum co-founder Vitalik Buterin for safekeeping.
- The demand for Shiba Inu coins comes from
- Payments: Increasingly a wide range of companies accept Shiba Inu – AMC, Gucci etc
- Shiba Inu In Metaverse: Shiba Inu became the newest player to enter the world of the metaverse. Shiba Inu began to sell land parcels in its metaverse.
- Shibswap: Shiba Inu ecosystem comprises three different coins, Shib, Bone, and Leash. These three tokens come together to create Shibswap.
- Shibarium: Shiba Inu is set to introduce its own blockchain-like transaction system Shibarium. Recently a test run of Shibarium was done which led to a massive spike in the price of Shib tokens. Once Shibarium becomes public, Shiba Inu will no longer depend on the Ethereum platform to complete its transaction. This will reduce the gas fees that ETH charges other tokens to run and operate on their platforms.
- Doggy Dao: Shiba Inu makers have recently launched the first phase of Doggy DAO.
Will Shiba Inu Reach 1 Dollar: How to Buy Shiba Inu?
Here are the steps to buying Shiba Inu crypto:
- Finding the Exchange where the Shiba Inu coin is listed
- Create an account with the Exchange
- Verify your identity
- Fund the Wallet
- Make the Purchase
Shiba Inu Coin is one of the most-popular cryptocurrencies therefore most of the exchanges have listed Shiba Inu for trade. Here are a few popular exchanges where you can purchase Shib:
Will Shiba Inu reach 1 dollar: Where to Buy Shiba Inu Coin?
Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB and KuCoin.
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.