Will Shiba Inu Reach 1 Rupee? Shiba Inu Price Prediction INR
Will Shiba Inu reach 1 Rupee? Shiba Inu can reach 1 Rupee only under one scenario, read on.
Shiba Inu Price performance so far
- Last 1 Month: +3.9%
- Last 12 months: -10.5%
- Since launch: +608232.8%
Shiba Inu is in some trouble along with other Ethereum Layer-2 blockchains after transactions fell dramatically as the Coinbase L2 BASE began to gain a share of transactions.
Shiba Inu Coin Price Prediction 2023 – 2030, Aggregated
- Shiba Inu Price Prediction 2023 is Rs 0.000818638
- Shiba Inu Price Prediction 2024 is Rs 0.0013241448
- Shiba Inu Price Prediction 2025 is Rs 0.002032021
- Shiba Inu Price Prediction 2026 is Rs 0.0028648165
- Shiba Inu Price Prediction 2027 is Rs 0.0035976765
- Shiba Inu Price Prediction 2028 is Rs 0.0000582
- Shiba Inu Price Prediction 2029 is Rs 0.0071703692
- Shiba Inu Price Prediction 2030 is Rs 0.0106597823
Will Shiba Inu reach 1 Rupee? Detailed Analysis
To reach 1 Rupee, Shiba Inu will need to rise nearly 1600 times. Shiba Inu’s current Market Cap is Rs 36000 crores. At 1 Rupee, Shiba Inu’s Market Cap will be Rs 589 lakh crores. Reliance’s Market Cap is 15.99 lakh crores. If Shiba Inu rises at the rate of 50% every year, it would take it 7 years to reach 1 Rupee
Analyzing the above factors
- In Theory, Shiba Inu can rise 1600 times. For example, Ethereum rose 1400 fold in the last 6 years. However, no token has risen 1000x when its market cap was Rs 36000 crores
- At Rs 1, Shiba Inu’s Market Cap will be 34 times the Market Cap of Reliance Industries. An impossibility
- Lastly, Shiba Inu can’t rise by 50% every year, even outstanding companies have failed to achieve that goal.
Considering all the above factors, it looks impossible for Shiba Inu to reach 1 Rupee. However, should 99% of Shiba Inu Tokens are burnt, Rs 1 could be closer to reality.
Will Shiba Inu reach 1 Rupee in 2025?
To reach 1 Rupee by 2025, Shiba Inu’s Market cap increase from Rs 36000 crores to nearly 6 lakh crores in two years. This is unlikely in any scenario. It is impossible for Shiba Inu to reach 1 Rupee in 2025
Will Shiba Inu reach 1 Rupee in 2030?
To reach 1 Rupee by 2030, Shiba Inu’s Market cap increase from Rs 36000 crores to nearly 6 lakh crores in 7 years. This would mean a growth of 50% every year. In theory, this is possible but given Shiba Inu’s recent performances and relatively limited market advantages, this is highly unlikely. Shiba Inu will not reach 1 Rupee by 2030.
Shiba Inu Performance Statistics
- Shibarium network Statistics:
- Total Transactions: 4.2 Million [Steady]
- Average Block Time: 6.8 Seconds [Rising]
- Wallet Addresses: 1.27 Million [Steady]
- Shiba Inu Burn Statistics:
- Max Total Supply – 999,982,443,729,104
- Total burnt from initial supply – 410,663,104,836,272
- Total Supply – 589,336,895,163,727
- Circulating Supply – 580,458,195,089,334
- Staked (xSHIB) – 8,878,700,074,392 [Declining]
- Burnt in last 24 hours: 36,136,655 $SHIB [Down by 86.3%]
- DeFi TVL: Rs. 5.76 Crores [Declined]
What is Shiba Inu Token?
Shiba Inu, an Ethereum-based cryptocurrency, emerged as an alternative to Dogecoin, aiming to transcend its meme coin origins. The Shiba Inu community launched projects like Shiba Eternity for gaming, Shiba Verse for the metaverse, and Shibarium as a Layer-2 blockchain solution, seeking to shed its meme coin label and gain utility. Despite facing skepticism from some investors who label it as a ‘Shit Coin,’ Shiba Inu has made substantial strides in development. Presently, approximately 766 merchants have embraced SHIB as a form of payment, both online and offline.
In 2021, Shiba Inu experienced a surge in value, witnessing a 3371x increase. However, the year 2022 brought a drop of nearly 50%. In response, the team is actively working to address issues of high gas fees and transaction efficiency by developing their own Layer-2 blockchain. Notably, the gaming industry has displayed a keen interest, evident in Shiba Eternity’s achievement of over 100k downloads and a 4.3 rating on the Play Store. The governance system, managed by Shib, Bone, Leash, and Treat tokens, addresses various aspects, including community engagement, technological advancements, protection, and support for community-driven projects
Check out our other Shiba Inu Articles
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.