Will Shiba Inu Coin reach $1 by 2030?

Will Shiba Inu Coin reach $1 by 2030?

Will Shiba Inu Coin reach $1? For Shiba Inu to reach $1 it will have to rise 110,000 times from its current price.

Can Shiba Inu Coin reach $1? Yes, Shiba can reach $1 as Shiba Inu Leadership and the community are building an ecosystem to drive token usage and burn.

Will Shiba Inu Coin Reach $1 by 2030: Yes, Shiba Inu coin can reach $1 by 2030 but to attain this feat Shiba Inu will have to rise 117,000 times from its current price.


Shiba Inu Coin Price

Shiba Inu is one of the most dynamic cryptocurrencies in the market. It is one of the 3 tokens from the house of Shia Inu developers, the other two are Bone and Leash.

There are three reasons why we characterize Shiba Inu as one of the most dynamic cryptocurrencies in the market:

  1. While we initially characterized it as a jack of all trades, Shib is gradually building an ecosystem that will drive Shib consumption (L2, Metaverse, DAO, DEX, and Gaming).
  2. Second, shib has a community that drives coin awareness, usage, and burn.
  3. A combination of these two factors also makes Shib an increasingly accepted token for payment on many platforms.

Shiba Inu’s Performance Since June 2022

  • June: +1.6%
  • July: +10.2%
  • August: -7.6%
  • September: -10.1%
  • October: +16.4%
  • November: -27.8%

Shib Token Rating by CrowdwisdomLive

  • Differentiation (Use Cases): 6/10
  • Execution: 7/10
  • Community: 9/10
  • Macroeconomics (Universal rating): 5/10
  • Others (Burn): 7/10
  • Shiba Inu Total Score: 34/50
  • Ethereum: 35
  • Luna Classic: 29

This is one reason why ETH and SHIB have performed almost on par in 2022 despite Ethereum going through a ‘game-changing’ Merge. Not just that, SHIB has outperformed Ethereum since the bottom of June 18th. Shib has risen +37.1% while Eth has risen 20.5%.

But $1 is no easy goal. Given the current price of 1 SHIB, $1 is really far away. The fact is such long-term forecasts are difficult to make given how we live in such uncertain times. Still, many investors have to take decisions today and not when everything is obvious.

Will Shiba Inu Coin reach $1? Some Statistical Scenarios

If it sounds crazy that SHIB will be at $1 many years from now, just look at Bitcoin.

  • Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 188000 times higher.
  • How much is $1 from today’s Shib price? 110,000 times higher.

We have run a simple scenario where we assume 30% growth every year. Is that possible? Absolutely! Particularly if the coin is burning 1-2% of the supply every year. Read our reasoning in the next section.

  • Market Cap at $1 will be – $5467 Billion
  • Assume the Shib price rises 50% a year, the number of years to reach $1 – 28 Years

Looking at the above Math, SHIB could reach $1 in 30 years. This is 4 times SLOWER than Bitcoin. Therefore, this estimate is not an exaggeration even if it is built on some assumptions.


Check out our other Shiba Inu Articles

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Shiba Inu Price Prediction 2023, 2025

Is Shiba Inu Dead


Will Shiba Inu Coin Reach $1? Favorable Reasons

Shiba Inu has had one of the most remarkable journeys it began in January 2021. Here is how Shiba Inu’s price Changed since January 2021:

  • December 31, 2020 – $0.000000000077
  • January 31, 2021 – $0.0000000050
  • March 31, 2021 – $0.000000056
  • April 30, 2021 – $0.0000020
  • October 2022 – $0.000012
  • November 2022 – $0.000009

In December 2020, the number of Zeroes in the price of Shiba Inu was 10 which fell to 8 by the end of January 2021. By March 31, 2021, Shiba Inu lost two more zeroes and by the end of April 2021, Shiba Inu’s price was trading with just 5 zeroes.

The most remarkable growth Shiba Inu saw was in October 2021 when the price went to over $0.000080 and it was on the verge of losing one more zero. However, since then there has not been much change in the price of Shiba Inu. Currently, Shiba Inu is trading with 4 zeroes.

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 the ETH blockchain and there are high chances of Gas fees going down after that.

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.

Decrease in Crude Oil Price: The crude oil price has been under $100 in the last few weeks. 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 weeks, the crude price has decreased, and this is helping the crypto market to recover.

In the last few days of August 2022, the Crude oil price per barrel was close to $100 but now it is below $90. If there is a further decline in the price we may see the crypto market rising again.

Can Shiba Inu reach 1 Dollar? Risks and Caution

  • While the long-term holders of SHIB tokens have increased from less than 5% holding for more than a year to 30% now, 70% of the Shiba Inu investors are at a loss while 26% are profitable.
  • Apple’s Market Cap Today is $2.42 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. A 200-fold increase.
  • 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 $160 Billion Today.
  • While the Bitcoin rise is legendary, it is also true that there are few other examples for SHIB to emulate. So while SHIB $1 is possible, there are only a handful of cases that support the possibility.
  • 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’s 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 piece of 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 Coin reach $1 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 $1: Conclusion

Shiba Inu can certainly reach $1 over the next 30 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.

How to Buy Shiba Inu?

Shiba Inu, the Ethereum-based Cryptocurrency is gaining with every passing day. Like most Altcoins, Shiba Inu has similar steps to purchase. Here are the steps for “How To Buy Shiba Inu”:

  1. Finding a crypto exchange that has Shiba Inu coins listed
  2. Create an account with the Exchange
  3. Verify your identity
  4. Fund the Wallet
  5. Make the Purchase

Finding a Crypto Exchange that Sells Shiba Inu

The very first step to buying a Shiba Inu coin is to find an exchange offering Shiba Inu for trade-buy and sale. There are many exchanges offering Shiba Inu coins however, one must make sure that the exchange comes with a built-in wallet. The wallet is where you will be adding the amount for trading Shiba Inu coins.

Create an account with the Exchange

Once the exchange is finalized, the next step will be to create an account with the exchange. For creating an account you will be required to enter your personal details like Name, Phone number, Email, and also Bank Account details.

Verify Your Identity

Once you have created your account, you will be required to verify your id. To verify your id, make sure you have your ID documents ready before you begin. In most cases, acceptable forms of ID will include a passport or driver’s license.

Fund the Wallet

Once your ID is verified, your account is activated. When your account is activated, you can deposit fiat currency. It can be the US Dollars or any of the other fiat currencies they accept. There are different methods of funding your accounts, such as bank transfers from a checking or savings account, PayPal, wire transfers, a cryptocurrency wallet or even a credit or debit card.

Make the Purchase

Once you have funded the wallet, you will now be able to purchase Shiba from the respective Exchanges.

Storing of Shiba INU

After your purchase of Shiba Inu has been processed, you have to store your cryptocurrency. While some platforms will store it for you, some people opt to store their investments themselves to reduce the likelihood they will lose their crypto to a hack.

Where to Buy Shiba Inu Coin?

There are several platforms where you can buy Shiba Inu. A few famous exchanges offering Shiba Inu are 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.

Will Shiba Inu Coin reach $1
Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.

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