Will Shiba Inu Reach $1 by 2025 or 2030?
Article Coverage: Shiba Inu Price Performance, Latest Shiba Inu News, Will Shiba Inu Reach $1? Triggers, and Risks, Will Shiba Inu Reach $1 by 2025, 2030
Shiba Inu Price Performance so far
| Last 7 Days | +20.8% |
| Last 1 Month | +21.4% |
| Last 12 Months | +9.8% |
| Since Launch (2021) | +753256.0% |
Numerous Meme Coins along with Shiba Inu pumped on Sunday – Wall Street Memes Coin, BabyDoge, Bone and Bonk.
Shiba Inu Buy or Sell Poll
Net Buy Rating
- July 1st: +20.0%
- Sept 1st: +32.0%
- Oct 1st: +40.0%
- Dec 6th: +33.7%
- Dec 8th: +34.0%
Shiba Inu has ignited a significant development in the crypto space with the Shibarium burn engine consuming a massive 8.24 billion SHIB tokens, valued at over $75,000.
A recently identified whale in the Shiba Inu (SHIB) market has strategically invested $5.62 million, acquiring an impressive 599.99 billion SHIB tokens from Binance, bringing their total holdings to 600 billion tokens valued at $5.64 million.
Will Shiba Inu reach $1?
No, Shiba Inu cannot reach $1 as the Market Cap requirements even after 95% burn is quite high.
For Shiba Inu to reach $1, it would need to increase by a factor of 111000. At $1, SHIB’s Market Cap will be $589 Trillion. If Shiba Inu were to grow at a rate of 25% each year, it would take about 53 years to reach $1. Let us evaluate this data
- Quality of Investment– Moderate
- Growth required to reach $1- Not Feasible (Too high to achieve)
- Market Cap at $1- Not Feasible (Too high)
- Time required to reach $1 if it were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, growth required, and time required, Shiba Inu cannot reach a price as high as $1.
Now Consider a scenario when 99% of the tokens are burnt.
Will Shiba Inu reach $1 by 2030?
No, Shiba Inu will not be able to reach $1 by 2030. The number of Tokens in circulation is quite large and no amount of use cases will support a price of $1. However, should there be a substantial burn, say about 95-99%, this could become more realistic.
Will Shiba Inu reach $1 by 2025?
No, Shiba Inu will not be able to reach $1 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 $4.25 Billion and there are only 27 months for us to reach the end of the year 2025.
Can Shiba Inu reach 1 dollar? Conclusion
Shiba Inu can certainly reach $1 over the next 53 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.
Can Shiba Inu reach 1 dollar? What is Shiba Inu
Shiba Inu, an Ethereum-based memecoin initially positioned as an alternative to Dogecoin, has been diversifying its utility through various projects like Shiba Eternity (a popular game), Shibaverse (a metaverse initiative), Shibarium (a Layer 2 blockchain), Shibaswap (a decentralized exchange), and several tokens including Bone for governance. Despite these developments and their increasing acceptance by merchants, skepticism persists among investors.
Shibarium, the project’s Layer 2 blockchain, emphasizes cost-efficiency and community engagement, offering features like token delegation for rewards and a Self-Sovereign Identity (SSI) system for user data control. In terms of investment potential, Shiba Inu is viewed as moderate, with long-term projections indicating it could take several years to reach significant price milestones.