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	+2.3%
Last 1 Month	-19.4%
Last 12 Months	+152.1%

Shiba Inu, Buy or Sell, Crowd Poll

• June 23rd: +26.0%
• July 1st: +20.0%
• August 1st: +20.5%
• September 1st: +31.9%
• Oct 1st: +40.0%
• Dec 27th: +33.0%
• Feb 29th: +26.0%
• Mar 4th: +32.0%
• Mar 29th: +35.0%
• April 10th: +33.2%

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Will Shiba Inu reach $1? Factors that make Shiba Inu a dynamic cryptocurrency

Though many investors think Shiba Inu is ‘Shit Coin’, in reality, Shiba Inu is one of the most dynamic cryptocurrencies in the market. It is one of the 3 tokens from the house of Shiba Inu developers, the other two are Bone and Leash.

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

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).

Second, Shib has a community that drives coin awareness, usage, and burn.

A combination of these two factors also makes Shib an increasingly accepted token for payment on many platforms.

SHIB is ideal for those who are worried about price fluctuations, especially when transferring money between different platforms or countries. Unlike other cryptocurrencies that move significantly in value, SHIB USDT, its trading pair, never changes its value: wherein 1 SHIB: 1 USDT. 

The strong community of Token Holders wants to know if Shiba Inu can reach 1 cent and even $1. While it is a symbolic target, it also shows the potential of the Token. Let us consider some scenarios –

Shiba Inu Price Prediction $1, Market Cap and Growth requirements

For Shiba Inu to reach $1, it would need to increase by a factor of 36,364. 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 48 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.

Will Shib Burn Help Reach Shiba Inu $1?

Given the market cap of $589 Trillion at $1, even a burn program that would terminate 99% of the tokens would not help Shiba Inu reach $1.

The burning of a significant number of tokens is necessary to increase the price of each coin. For instance, if we burn 99.9999% of all the 589 trillion coins currently in circulation, the price would reach $1.15

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. However, none of these are practical scenarios.

Will Shiba Inu reach 1 dollar in 2030? Favorable Reasons for Shiba Inu’s Growth

While the probability of Shiba Inu Coin reaching $1 is low, there are many elements in favor of Shiba Inu

Substantial Development Work

Shiba Inu aims to move away from its meme coin status by introducing various projects:

• First of all, there is Shiba Eternity, which is a gaming project.
• Secondly, Shibaverse is a metaverse project.
• Thirdly, Shibarium is a layer-2 blockchain project.
• Fourthly, Shibaswap is a native DEX project.
• Fifthly, Shiboshis is an NFT collection project.

In addition, Shiba Inu can be used for payments and partnerships, such as with Gucci, Tag Heuer, and AMC. Furthermore, burning tokens is another way to reduce circulation, and Shiba Inu is also stored by exchanges.

Macroeconomic Factors

To begin with, it’s worth noting that several macroeconomic factors can impact the performance of cryptocurrencies. One such factor is the decrease in crude oil prices, which has been observed in recent weeks. Historically, whenever there has been a surge in crude oil prices, the crypto market has tended to crash. This was evident in the first half of 2022 when the price of crude oil soared and had a clear impact on the crypto market.

Another factor to consider is inflation, which has recently dropped back below 4%. It’s interesting to note that Shiba Inu reached its highest level when inflation was around 6%. However, as inflation continued to rise and hit 9%, Shib’s performance began to trend lower.

Risks and Caution for Investing in Shiba Inu

Historic and Forecast Data do not favor Shiba Inu

Some of the biggest Market Cap Cryptocurrencies and Stocks have not risen at the same pace as expected of Shiba Inu to rise to $1. Even current Shiba Inu Price Predictions suggest that Shiba Inu Price is unlikely to cross $0.00012 by 2030.

Shiba Inu’s Competition comes from ‘Meme’ as well as other Tokens

Shiba Inu, which started as a meme coin, is now attempting to offer almost everything (Payments, DAO, Metaverse, Layer-2 Blockchain, DeFi, etc). However, this strategy has a problem in that the best-performing coins are those that heavily differentiate themselves. For example, Blur a new NFT trading platform had a massive run as it gained market share from Opensea by building an aggressive reward system for high-value traders.

Recently Floki Inu has emerged as a major competitor in this space with an emphasis on NFT games. A generalist coin will find it difficult to add value, and from a portfolio perspective, it makes sense to diversify positions across multiple areas

Impossible to execute burn beyond a level

Investors should also note that burning many Shiba Inu coins is unlikely, as burning 50% or 99.9999% is impossible for a variety of reasons. Not all investors would be seeking abnormal returns, and some would be happy with much lower returns and would not be keen on burning their coins.

Despite the active presence of the Shiba Inu community on social media and their aggressive efforts to drive ownership, it is important to note that Shiba Inu is not currently a major player in the payments or DeFi space. Despite strong community support for Shiba Eternity, it remains uncertain whether the hyperactive community can effectively drive token usage..Without an increase in usage, Shiba Inu could end up remaining a meme coin and end up dead.

Other Risks Include Market Volatility.

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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.