Will Shiba Inu Coin reach $1 and what is the Shiba Inu Price Prediction 2030?
|Will Shiba Inu Coin reach $1? Considering the current price, Shiba Inu will have to rise 83,500 times in order to reach $1. However, if Shiba Inu is able to burn 3% of its supply every year and add 30% to its value annually, it would take Shib 22 years to reach $1.
Will Shiba Inu reach $10: For Shiba Inu to reach $10 from the current price it will have to rise 815,000 times
What is the Shiba Inu Price Prediction 2030? Shiba Inu Price Prediction 2030 is $0.0000546 if Shiba Inu gains 30% a year, and Shiba Inu Price Prediction 2030 is $0.0000270 if Shib gains 10% a year from now.
Latest Shiba Inu Price
Will Shiba Inu Coin reach $1? Some Statistical Scenarios
|Price on September 14th||$0.000012|
|Market Cap on September 14th||$6.7 B|
|Market Cap at $1||$551 Trillion|
|If SHIB were to rise 30% a year||44 Years|
|If SHIB were to rise 30% a year and also Burn 50% of the Coins||22 Years|
At the current price, Shiba Inu will have to rise 83,500 times to reach $1. This may seem to be impossible as of now but in past we have noticed Shiba Inu gaining big, therefore, the possibility of Shiba Inu rising cannot be denied.
Shiba Inu SHIB Uptrend Growing Technical Analysis Update
Will Shiba Inu reach 1 Dollar: Shiba Inu’s Journey So Far
Shiba Inu has had one of the most remarkable journeys and it began in January of 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 27, 2021||$0.000086|
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.
Big Shiba Inu Breaking
Ethereum Whale Sold $250,000 worth of Shib Tokens
Recently the largest Ethereum Whale sold Shib tokens worth $250,000. However, this was not the actual breaking news. The actual news was that the same whale first purchased $7 Million worth of Shiba Inu tokens. In around 14 transactions, Ethereum whale had bought a total of 536 billion SHIB tokens.
Shiba Inu Token Data as On September 14th
Max Total Supply: 999,991,172,433,225
Circulating Supply: 559,544,384,636,168
Total burnt from initial supply: 410,380,374,238,565
Last 24 Hours Burn Details
Can Shiba Inu reach $1? Some Statistical Oddities
- Apple’s Market Cap Today is $2.48 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.
- 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 $183 Billion Today.
Will Shiba Inu reach $10?
One of the biggest problems for Shiba Inu has been its supply with its initial supply being around 1 quadrillion tokens. However, since its official launch, around 50% of the total SHIB tokens are been put out of circulation but even after attaining such a feat, there remain 559,580,658,350,747 Shib tokens in circulation as of now. The maximum initial supply was 999,991,176,199,009. As of now 410,380,067,684,113 SHIB token have been burnt.
In order to reach $10, the maximum token needs to burn. For Shiba Inu to reach $10 from the current price it will have to rise 38,500 times. Will the help of simple calculation, we will determine how and when Will Shiba Inu reach 50 cents:
|Price as of September 14th||$0.000012|
|If Shib were to rise 30% a year||52 Years|
|If Shib were to rise 30% a year and also Burn 50% of the Coins||26 years|
|If Shib were to rise 50% a year||34 Years|
|If Shib were to rise 50% a year and also Burn 50% of the Coins||17 years|
Will Shiba Inu Reach 1 Dollar: Why does Shiba Inu look well placed going forward?
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 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.
Shiba Inu Price Prediction 2030: Will Shiba go back up?
The likelihood of Shiba going back up is contingent on the following micro and macro factors
- Proven performance (no promises) on Shiba’s development plans – Shibarium, Metaverse, and such
- Burn rate that should increase to 3-4% per annum
- US Inflation rate is beginning to fall and the Fed is signaling that it won’t increase interest rate anymore
Shiba Inu Price Prediction 2030
A whole host of factors could help Shiba Inu rise nearly 20-fold by 2030
- Shiba Eternity: The immediate reason for the surge could have been the Shiba Eternity, Shiba Inu’s game.
- Improved Macroeconomics
- Shibarium: The developers of the Shiba Inu are working to improve the ecosystem of Shiba Inu so that more investors will be attracted to SHIB. As we know Shiba Inu is a token issued on the Ethereum blockchain. The transaction costs on the ETH blockchain are quite expensive and the speed has been a question for some time.
Shiba Inu Coin Price Prediction 2030 is 0.00023 (Time Series Method)
Shiba Inu Price Prediction 2030 Based on Simple Calculation
|Price as of September 12th||$0.000013|
|If Shib were to rise 10% a year Price Prediction 2030||$0.0000260|
|If Shib were to rise 20% a year, Price Prediction 2030||$0.0000512|
Will Shiba Inu reach 1 Dollar: Performance Analysis
|Last 5 Days||-4.8%|
|Last 5 Days||-5.2%|
|Last 5 Days||-6.5%|
Will Shiba Inu Coin reach $1? What are the chances and Barriers?
There are many barriers to why Shiba Inu will struggle to reach $1
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 the 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.
Can Shiba Inu reach 1 dollar 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.
Will Shiba Inu reach 1 dollar: Frequently Asked Questions
Shiba Inu Price Prediction 2030: Will Shiba Inu Surge?
Shiba Inu’s surge has mostly depended on the market and the current market has turned green and is expected to rise. This is good news for Shiba Inu and it may rise over $0.000015 this month.
As noticed, when there is a surge, to support Shiba Inu, the whales have played a very important role. In the current scenario, whale action cannot be ruled out.
One of the important factors that will help the surge of Shiba Inu will be the current US inflation rate. The inflation has finally come down to 8.5 and this is good news for cryptocurrencies.
Will Shiba Inu reach 1 Dollar: Is Shiba Inu worth buying?
Crypto investments are subject to market risk and many factors from around the world influence the price of cryptocurrencies. Recently, crypto investors lost a huge investment due to the Luna crash and since then there have been many questions about cryptocurrencies.
Shiba Inu is a meme token created as an alternative to another meme token Dogecoin. Therefore, a question arises, Is Shiba Inu a safe investment, or is Shiba Inu worth buying? We will be highly cautious when answering this question as investing in cryptos includes finances and wrong advice could lead to huge financial losses.
Shiba Inu was launched as a meme coin but its developers are working day in and day out to shed off this meme coin tag. Shiba Inu developers are creating their own blockchain network Shibarium so that they could move away from the dependency on the Ethereum blockchain network. Added to it several projects like Shibverse, and DoggyDao are in pipeline to support Shiba Inu. Therefore, from a technical point of view, Shiba Inu is worth buying but looking at the market condition it may not help you make a profit in the short term.
Will Shiba Inu reach 1 Dollar: What are the Risks of Investing in Shiba Inu?
Investing in Cryptocurrencies is not for the faint-hearted. Altcoins (any coin other than Bitcoin) are very volatile and could swing 5-10% every day for days together. So, if you are uncomfortable with that kind of volatility, Shiba Inu is not appropriate for you.
Some of the best-performing cryptocurrencies in 2022 were very differentiated from the rest. That aside, Shiba Inu was not a fully differentiated cryptocurrency at the time of launch. While it is differentiating itself now, that is still a work in progress. If SHIB fails to differentiate itself sufficiently, new investors are likely to invest in cryptos that quite different from the others.
Will Shiba Inu Coin reach $1? Is Shiba Inu better than others?
To answer this question honestly, one must ask how well Solana, Polkadot, and Matic are performing. All these layer-1 blockchains with large market caps have performed as well as Shiba Inu or even worse than Shib.
While Shib did start as a Memecoin, it is one of the most dynamic cryptocurrencies in trying to make it more useful – Payment partnerships, Burn, Metaverse, Shibaswap and so on. The Shib community too has been quite strong in spite of losing so much value in the last few months.
Yes, Shiba Inu will go back up once the overall cryptocurrency market rises. It is likely to outperform most cryptocurrencies except coins with a small market cap. In terms of utility, Shib trails Ethereum and Bitcoin but because of its Multifunctionality including wide acceptance in payments, Shibaverse and Shibswap,
Shiba Inu is well placed to rise faster than most cryptocurrencies. However, its recovery will depend on the recovery of the cryptocurrency market itself which has been trending lower this year.
Caveats – This analysis is made on the basis of publicly available information at this point. A certain degree of volatility is expected in the cryptocurrency market for the next few months.
Shiba Inu Price Prediction 2030: Shiba Inu Price at $0.01
Shiba Inu investors are, however, hopeful about SHIB token price reaching 1 cent in 2022. For, SHIB to reach 1 cent it will have to increase by 700 times to reach 1 cent ($0.01) this year. In the year 2021, Shiba Inu had risen 60 times in 6 months.
Shiba Inu Price Prediction 2030: Shiba Inu Price at $0.50
At its current price, for Shiba Inu to reach 50 cents it will have to rise 50,000 times which means the market cap of Shib will also multiply by 50,000 times. If so happens, SHIB will not exceed the market cap of Ethereum on which it is based which somewhat seems impossible as of now.
Will Shiba Inu Reach $1? Why Did Shiba Inu Crash?
Shiba Inu plunged once again and has lost around 10% of its value in the last 7 Days. This comes after the recent surge which indicated the market recovery but the latest crash has again created a negative outlook among the investors. Here are a few reasons why Shiba Inu crashed:
- The main reason for the crash of Shiba Inu is linked to the US FED’s chairperson Powell Jackson’s statement. Powell Jackson in his address said that in order to bring inflation under control the policy needs to be tightened. When the market was expecting some relief, this statement once again led to panic in both stock and crypto markets. Powell also mentioned that Central Bank will be tightening the monetary policy in order to bring inflation down.
- After this statement by Powell, the crypto market plunged, and once again the overall market cap went below $1 T. Shiba Inu which was surging also crashed and went below $0.000013.
- Added to it one of the US Fed’s officials predicted the interest rates to go higher by 4% in the coming days, this has led to more pressure on the already stressed market.
- The other factor why did Shiba Inu crash is the decrease in the Ethereum Whales holding. The collective ETH whale holding has dropped to around 500 Million from $1B, a massive $500 M decrease
Will Shiba Inu Reach 1 Dollar: How to Buy Shiba Inu?
Here are the steps to buying Shiba Inu crypto:
- Finding the Exchange where the Shiba Inu coin is listed
- Create an account with the Exchange
- Verify your identity
- Fund the Wallet
- Make the Purchase
Shiba Inu Coin is one of the most popular cryptocurrencies therefore most of the exchanges have listed Shiba Inu for trade. Here are a few popular exchanges where you can purchase Shib:
Will Shiba Inu reach 1 dollar: Where to Buy Shiba Inu Coin?
Robinhood, 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.