Will Shiba Inu reach 1 Cent by 2025, 2030?
|Current Market Cap||$4.3 B||Steady|
|Trading Volume||$149.3 M||Higher|
Article Coverage: Latest Shiba Inu News, Will Shiba Inu Reach 1 Cent? Triggers for Shiba Inu 1 Cent, Risks for Shiba Inu 1 Cent, Will Shiba Inu reach 1 Cent by 2025, 2030? FAQs
Shiba Inu Price Performance so far
- Last 1 month: -11.0%
- Last 12 months: -34.6%
- Since Launch: +554507.8%
Latest Shiba Inu News and Statistics
SHIBARIUM Statistics [Sep 24th]
Total Transactions: 3.1 Million [Trending Lower from Sep 15th]
Average Block Time: 5.1 Seconds
Wallet Addresses: 1.25 Million
Shib Burn Statistics [Sep 24th]
In the last 12 Months, 279,083,478,886 Shiba Inu tokens have been burnt. This amounts to 765 Million Shiba Inu Tokens burnt every day. At the current price, 765 Million Shiba Inu Tokens are worth $5667
Max Total Supply – 999,983,217,432,129
Total burnt from initial supply – 410,659,956,892,260
Total Supply – 589,340,043,107,739
Circulating Supply – 579,626,197,022,962
Staked (xSHIB) – 9,713,846,084,777
Burnt in last 24 hours: 79,598,642
DeFi TVL: $0.594 M [Trending Lower]
Shiba Inu Buy or Sell?
Net Buy Rating = Buy%-Sell%
- July 1st: +20.0%
- August 1st: +20.5%
- September 1st: +32.0%
- September 24th: +43.0%
Will Shiba Inu reach 1 cent? Detailed Analysis
The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin. Some traders believe that Shiba Inu is a ‘Shit Coin’ but within the community, there is a huge topic of interest, Can Shiba Inu reach 1 cent? This became a huge thing after Shiba Inu had risen 60 times in 6 months in the head days of 2021.
To reach 1 Cent, Shiba Inu will have to rise 1200 times. At 1 Cent, Shiba Inu’s Market cap would be $5.9 Trillion. This was $6.7 Trillion a year ago. If Shib were to grow at 25% every year, it would take Shiba Inu 32 years to reach 1 cent.
Let us look at all the data in hand to determine whether Shiba Inu can reach 1 cent
1200 x Growth Possible?
In theory, 1200x growth is quite possible. Numerous cryptocurrencies have grown at that pace. But we have no evidence of any cryptocurrency growing 1200x when its market cap was $4B. The best example we have is of Bitcoin which grew about 2550 times. So, we can say with confidence that 1200x is unlikely.
$5.9 Trillion Market Cap Possible?
Apple has a market cap of nearly 3 Trillion. It had. market cap of $4B in 1998. It took Apple about 25 years to grow 750x. Along the way, it has built iconic and innovative products used by affluent consumers around the world. Shiba Inu shares none of those traits with Apple. Therefore, to expect to grow to a $5.9 Trillion Market cap is unreasonable.
Can Shiba Inu grow 25% every year for 32 years?
It is almost impossible to predict Shiba Inu’s price so far ahead. Given the current levels of differentiation, it is possible to say Shiba Inu will not grow 25% every year for the next 32 years.
Therefore, we can say that given the current levels of differentiation with other tokens, the market size, past performance, and historic benchmarks, it is easy to say that Shiba Inu will not grow to 1 cent. However, there is one scenario in which Shiba Inu can reach 1 cent. Before we analyze that, when we first started tracking Shiba Inu’s possibility of reaching 1 cent in January 2022. Shiba Inu’s market cap at 1 cent was $6.7 trillion. This has fallen to $5.9 Trillion. This is due to the aggressive burn program. What if the market cap requirements were to fall to $500 Billion?
90% Burn Scenario
At 90% Burn, To reach 1 Cent, Shiba Inu will have to rise nearly 90 times. At 1 Cent, Shiba Inu’s Market Cap will be $548 Billion. If Shib Price were to rise by 25% every year, it would take it 11 years to reach 1 Cent. While this looks tough as well, the odds improve substantially.
The only way shib can probably reach 1 cent is if about 95% of the Tokens are burnt over the next say 5 years. That would imply a burn rate of about 15-20% a year. A very difficult task.
Will Shiba Inu reach 1 cent by 2025?
Looking at the data above, Shiba Inu can’t reach 1 cent by 2025
Will Shiba Inu reach 1 cent by 2030?
Looking at the data above, Shiba Inu can’t reach 1 cent by 2030
Will Shiba Inu reach 1 cent by 2040?
Yes, Shiba Inu can reach 1 cent by 2040 if 75% of Shiba Inu Tokens in circulation are destroyed/burnt. However, such a prediction would be highly speculative given the limited amount of information we have about the future.
How much is 1 million Shiba Inu worth at 1 cent
1 Million Shiba Inu will be worth $10,000 if Shiba Inu hits 1 cent
How much is 10 million Shiba Inu worth at 1 cent
1 Million Shiba Inu will be worth $100,000 if Shiba Inu hits 1 cent
Can Shiba Inu reach half a cent?
Yes, Shiba Inu can reach half a cent by 2047.
Will Shiba Inu reach 1 cent? Triggers
Shiba Inu’s journey towards reaching 1 cent can be categorized into five main areas – Use cases, macroeconomic factors, development plans, partnerships and community, and Shiba Inu burn
Can Shiba Inu Reach 1 Cent? SHIB Use Cases
The Shiba Inu cryptocurrency gained attention for its integration into Bitpay’s payment system in 2021. However, by 2023, its contribution to the payment domain will remain marginal. What stands out is Shiba Inu’s stride in the NFT market, demonstrated by an instant sell-out collaboration with Bugatti and the success of the NFT-based game, Shiba Eternity. As the crypto landscape increasingly leans towards NFTs, Shiba Inu’s emphasis in this realm could compensate for its modest presence in the payments sector.
Additionally, Shiba Inu is showing promise in the decentralized finance (DeFi) world, introducing features like yield farming, liquidity provision, and staking. Its foray into gaming, as seen with Shiba Eternity, could be a strategic move, presenting players with rewards and potentially bolstering its demand. Furthermore, SHIB has the potential to become a reward mechanism for content creators, echoing Dogecoin’s popularity as a social tipping tool.
Can Shiba Inu Reach 1 Cent: Other factors
Macroeconomic forces, such as interest rates, inflation, and the dollar’s value, invariably impact Shiba Inu’s price trajectory. A mere statement from the Federal Reserve Chairman about moderating rate hikes led to a 3% spike in Shiba Inu. Yet, anticipations of the Fed’s continued rate hikes have curtailed further ascents.
Development-wise, Shiba Inu’s new Layer-2 blockchain, Shibarium, is a pivotal stride, emphasizing cost-effective, swift transactions while maintaining strong ties to its expansive community and the Ethereum Network. Its gas token, BONE, ensures robustness with its non-minting post-contract renouncement feature. Shibarium champions user control, resisting corporate data misuse, and adopts a four-token governance model, managing diverse ecosystem aspects. New ventures like Shiba Eternity and Shibverse further attest to Shiba Inu’s inventive flair.
Partnerships, especially with giants like Coingate, Bugatti, and VISA, amplify Shiba Inu’s reach. VISA’s alliance, in particular, could exponentially bolster SHIB’s utility, possibly influencing its price.
Regarding Shiba Inu’s ambition of reaching 1 cent, an aggressive token burn strategy is indispensable, irrespective of the token’s utility enhancement.
Can Shiba Inu reach 1 cent? Why it is possible
While a $5.5 trillion market cap for Shiba Inu might sound ambitious today, considering a time frame of 30 years or more and consistent burns of 2-3% annually, the goal could become feasible and the required cap even less daunting.
Pushing Shiba Inu toward the 1-cent mark will hinge on several pivotal factors. Foremost, unlike Bitcoin, Shiba Inu requires visionary leadership akin to figures like Vitalik Buterin. Execution is paramount; Ethereum owes its triumph to its strong blockchain foundation and ubiquitous use, which inflates the demand for ETH. Similarly, for Shiba Inu to ascend, it’s essential to flawlessly execute ambitious ventures, whether it’s their Layer-2 Blockchain, a venture into the Metaverse, or the introduction of a Stable Coin.
Each of these plans is tantamount to launching an individual enterprise. Additionally, it’s imperative for Shiba Inu to sustain its current momentum, capitalizing on its cohesive community, pioneering stance in payment adoption, and consistent burning strategy.
Will Shiba Inu Reach 1 Cent by 2025: Risks
- Regulation: After the crashes of FTX and Luna, there is an increased risk of regulation which could jeopardize the cryptocurrency industry as a whole. Further, central banks are beginning to pilot CBDCs (Central Bank Digital Currency), and it is unpredictable how CBDCs will impact Cryptocurrencies.
- Development Efforts: Currently the SHIB team is implementing many of the plans outlined earlier. However, none of them have been fully implemented.
- The Overall environment is generally against cryptocurrencies and ‘non-utility coins like Shiba Inu. If the price crashes further, interest levels in the Token could fall and could mean the end of the Shiba Inu Token
Shib Inu 1 cent? FAQs
Can Shiba Inu hit 1 Cent?
Yes, Shiba Inu can hit 1 cent. The current forecast suggests it will take 25 years to reach this level. However, the forecast accuracy is likely to be low to moderate. Can Shiba can hit 1 cent is dependent on numerous factors that are works in progress. If the Shiba Inu team implements those effectively, the Shiba Inu prediction accuracy will improve.
Will Shiba Inu reach 1 cent by 2025?
Shiba Inu will not reach 1 cent by 2025 because to reach 1 cent Shib coin will have to reach a market cap of 1 Trillion (2 Times Apple) in 3 years or burn 90% of all SHIB coins in the next 3 years. Both are highly impractical at the moment.
Can Shib hit a penny by 2030?
Given our aggressive simulation, the optimistic estimate for Shiba Inu 1 cent is 2050. Therefore, there is no chance of Shib hitting a penny by 2030. Shib could hit a penny probably a decade after if many variables go in its favor. The most critical of them is the widespread acceptance of Shib because of the wide variety of use cases. Further, the regulatory environment should be favorable and not restrictive.
Will Shiba Inu Reach 25 Cents?
For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. If Shiba Inu gains 30% a year (assuming a burn of 50% of its supply) it will take 40 years for Shiba Inu to reach 25 cents.
Can Shiba Inu hit 10 cents?
As per our current simulation, Shiba Inu is likely to reach 10 cents in 35 years. The forecast accuracy remains moderate to low as there are numerous dependent factors like Government regulation, Shiba Inu leadership, and community cohesion.
What year will Shiba hit 1 cent?
Our simulation suggests that Shiba Inu will hit 1 cent by 2053. As analyzed earlier, this will depend on the Shiba Inu Burn, the Implementation of Shiba Inu Plans, and the sustenance of the community.
Will Shiba hit 1 cent?
There is a significant possibility that Shiba Inu will hit 1 cent. The enabling factors are community engagement, execution plans for the future, and the likely growth of cryptocurrencies in the future. The biggest risks are government regulation, poor execution of Shiba Inu plans, and general deterioration in the macroeconomy.
Will Shiba Inu reach 1 cent soon?
No, there is no scenario in which Shiba Inu will reach 1 cent soon. However, once Shiba Inu implements many of the proposed plans, Shiba Inu could likely reach 1 cent soon.
Can Shiba Inu Reach 1 Cent: How to Buy Shiba Inu?
Here are the steps to buying Shiba Inu crypto:
- Select an exchange that lists Shiba Inu
- Sign up for an account on the exchange of your choice. This typically involves providing your name, email address, and other basic information.
- Most exchanges require users to verify their accounts by providing some form of identification, such as a passport or driver’s license.
- Deposit funds into your exchange account using a bank transfer or a credit/debit card.
- Once your funds have been deposited, simply search for “Shiba Inu” on the exchange, choose the trading pair you want to use (e.g., SHIB/USDT), and place your buy order.
- After purchasing Shiba Inu, you should transfer them to a secure wallet that you control.
Shiba Inu Coin is one of the most popular cryptocurrencies therefore most of the exchanges have listed Shiba Inu for trade. The top 5 exchanges for Shib are
Other exchanges include
- Atomic Wallet
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.