Divers Alert Network. Yes, the Shiba Inu coin will reach the penny easily. Therefore, the 250.6 million SHIB tokens would turn to $2,506,265 ($ 2.5 million) when Shiba Inu reaches $0.01. However, as of now, there are no official statements as to when such developments will be made. If you are into analytics, then you probably already know what a cup-and-handle is. Overall, short-term investing in SHIB is definitely not a bad idea, but you should be careful and always monitor the market. However, credit must be given where credit is due. The million-dollar question now arises is when will Shiba Inu reach the 1 Cent mark? Read here for a realistic price prediction on when that could occur. For $3,000, investors get to accumulate 250,626,566 tokens (250.6 million SHIB tokens) at todays price. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. Exodus is a desktop wallet designed for cryptocurrency users. The United States entire Gross Domestic Product (GDP) is about $20 trillion, whereas Chinas GDP is roughly $14 trillion, according to the Federal Government. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? By signing up for this email, you agree to our Terms of use and Privacy policy. ShibaSwap lets users stake their tokens within the platform in order to earn interest. Volk mentioned that in addition to SHIB, Shiba Eternity was also influenced by the game Hearthstone. Shibu Inu is going to be Listed on Robinhood tomorrow on Monday, 25th of October. The wallet comes with a design that is user-friendly and extremely secure, and it offers a variety of features that make it a great choice for both beginners and experienced cryptocurrency users. There are many reasons why it is nearly impossible, but first, lets talk about the elephant in the room.The current Shiba Inu Coin (SHIB) market cap is around $6.82 billion, while the price is around $0.00001247. Quite vague, yes, but SHIB will really need that supply burn to start working before it takes off. However, once Shiba Inu implements many of the proposed plans, it is likely that Shiba Inu will reach 1 cent very soon. In September 2021 Coinbase had listed SHIB, which let the coin spike by 35%. Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? The token does not offer revolutionary features and does not have many major plans. In order for it to reach 1 cent, it will need to go up by nearly x1000. Please make cautious investments. All investments are your own decisions. If SHIB keeps the high demand but lowers the supply, this naturally leads to a rise in the price. You can use the Shiba Inu Calculator to calculate the potential profit/loss of your SHIB position. Type in an amount in the SHIB field, and you'll immediately see how much it would be in USD; Enter an amount in the USD field, and this SHIB to USD calculator will show how much Shiba Inu you can get; Click on the drop-down menu to select another currency; we support 90+ local currencies and 400+ crypto tokens. ALSO READ: Bitcoin (BTC) Price Prediction. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Your capital is at risk. crypto-news-flash. Basic Life Support: CPR and First Aid; First Aid for Hazardous Marine Life Injuries; Oxygen First Aid for Scuba . Below is our Shiba Inu profit calculator, it is very simple to use, just enter the amount (for example, $55) which you have invested in Shiba Inu and enter the price at which you bought the coin and the price at which you are planning to sell it, if you know the exchange fee in % then enter this value, else you can keep it blank. According to the projects founder, mysterious Ryoshi, SHIB may never hit $0.01 (or the milestone of one pennys worth) but it will have a proportionately higher worth as compared to Dogecoin. The cookie is used to store the user consent for the cookies in the category "Other. At press time, Shiba Inu was trading at $0.00001200 and is down 3.5% in the 24 hours day trade. Additionally, we will take that the project is seeing massive adoption. This name is translated as fisherman from Japanese. Philippines | May 1-11, 2023; West Palm Beach, Florida | May 5-8, 2023; West Palm Beach, Florida | May 19-22, 2023; West Palm Beach, Florida | June 2-5, 2023; West Palm Beach, Florida | June 16-19, 2023; Safety. One of the first memecoins was DOGE, and many others followed. Long-term investing is a bit tricky, although it can be quite rewarding. The cookies is used to store the user consent for the cookies in the category "Necessary". There are many different types of wallets, each with its own set of features and security measures. While Shiba Inu has already seen historical price surges this year, many do not see the hype stopping anytime soon. First of all, you will need to find a crypto exchange platform that has SHIB as part of its listed cryptocurrencies. Is it worth driving from Las Vegas to Grand Canyon? Because of this, they can often be extremely risky. Will Shiba Inu Go Up: By clicking Accept All, you consent to the use of ALL the cookies. They act as a bank account/physical wallet for cryptocurrencies. 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. Therefore, SHIB needs to spike 85,000% from its current price to reach the 1 cent mark. If the Shiba Inu team implements those effectively, the Shiba Inu prediction accuracy will improve. The passive income reward system has been announced for users of this decentralized exchange. This is the first phase of enabling the community to partake in the governance of the Shiba Inu ecosystem. Shiba Inu (SHIB) is a token inside the Shiba Inu ecosystem. The forecast accuracy remains moderate to low as there are numerous dependent factors like Government regulation, Shiba Inu leadership, and community cohesion. Head of Public Relations at Freewallet.org. If we consider this, then we can clearly say that the price of Shiba Inu Coin will never reach 1 cent. There are presently 589 trillion SHIB coins in circulation, according to CoinMarketCap. According to the figure above, for SHIB to achieve one cent, the entire market capitalization of Shiba Inu must be $5.89 trillion x $0.01 = 589 trillion. Shiba Inu is based off of Dogecoin (DOGE.) On Reddit, Twitter, Facebook (Meta), YouTube, and other social media sites, the SHIB community is active. Burning tokens is not an easy task, but as we mentioned earlier, it will be part of the features introduced to the ShibaSwap 2.0 update. No, Shiba Inu Coin (SHIB) cannot reach $1. Yes, Shiba Inu will reach $1 Cent. (source). This website uses cookies to improve your experience while you navigate through the website. In order for Shiba Inu Coin (SHIB) to reach $1, it will need to grow more than 80,000x times. If Shiba Inu taught us anything, its that nothing is out of the question. Furthermore, the current total value of Bitcoin the worlds most popular cryptocurrency is about $1.1 trillion. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. Under the continued bull run, the price may hit $0.0001143707 in 2027 and $0.00317 by the end of 2030. This article was last updated on November 21, 2022. Viktor is a cryptocurrency enthusiast, who also keeps a close eye on news regarding other financial markets. Partnerships and community play a crucial role in building Shiba Inus ecosystem. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Following SHIB, it was the second token to be incentivized on the ShibaSwap DEX, offering numerous rewards to those who stake. The goal of the DeFi platform is to be a safe haven to trade tokens in a fully decentralized space. Once an account has been created, users can then send and receive payments using MetaMasks built-in exchange. According to our calculation, investors can make $2.5 million with a $3,000 investment into Shiba Inu today. You also have the option to opt-out of these cookies. Shiba Inus price will ultimately depend on the investors of the project. Half of the initial supply was gifted to Ethereum creator, Vitalik Buterin. Although SHIB has crossed out another zero in its price value, its current worth is still very insignificant and makes $0.00007306 (as of early November 2021). What we are referring to here is how Elon Musk boosted the price of DOGE from $0.06 to $0.68 in a couple of days. .1 SHIB, .5 SHIB, 1 SHIB, 5 SHIB, or even 10 SHIB. The 1 cent dream is alive, and the ambition for Shiba Inu to reach $0.01 could remain for decades. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Its why theyre a multibillion-dollar corporation. Solve Price Prediction 2023-30: Can Solve reach $100? The crypto portal will also be a burning portal. What happens if a Shiba hits 1 cent? The 3Commas currency calculator allows you to convert a currency from Shiba Inu (SHIB) to US Dollar (USD) in just a few clicks at live exchange rates. Mind that in order to hit this High ($1), the price needs to grow by 12,000,000%. Conflux Price Prediction 2023-30: Will CFX reach $100? Additionally, it is certainly impossible for the Shiba Inu Coin to reach 1 cent in such a time frame. Therefore, there is no chance of Shib hitting a penny by 2030. This cookie is set by GDPR Cookie Consent plugin. This means that once you purchase any crypto asset on the platform, it will remain on the platform in your accounts dedicated crypto wallet. When choosing a wallet for Shiba Inu Coin, its important to consider how youll be using it. A market cap of $5.5 Trillion may sound crazy today but not if it was 30 years from now or later. Follow the steps below to calculate your SHIB profit/loss: Select the fiat currency you used to purchase your position of Shiba Inu token. It allows BONE owners to vote on pairings in the ShibaSwap DEX. It has been one of the most profitable investments of not only the past year, but in the history of economics.up until late 2021. The cookie is used to store the user consent for the cookies in the category "Performance". With further development of the SHIBA SWAP exchange, its token is expected to enjoy better liquidity. If there are large selloffs in the near future, however, the price may crash. Shiba Inu Coin (SHIB) is currently going through a cup-and-handle pattern. Altcoins, especially, were highly affected. Finally, at the end of October 2021, the price hit an ATH of $0.00005478 which makes a notable difference from its lows of the 2021 years on the level of $0.00000516. 48% of theinitial supply of circulating Shiba Inu tokens has been burned. These tokens rely on jokes and irony to attract investors. We cannot overlook the fact that SHIB is considered a memecoin, which can negatively impact its status in the long run unless it redeems itself through utility. There isnt much information covering that, but we do know that it will bring a bunch of new features, including a UI overhaul assisting its transition to become a crypto portal where burning coins will be a major component. How To Buy Shiba Inu Coin (SHIB) - In-Depth Step 1: Find a CEX that trades SHIB. A Discord official stated that there is going to be a lot of testing done before the launch. Doggy DAO (Decentralized Autonomous Organisation) launched on the 18th of February, 2022. Trading cryptocurrencies is not supervised by any EU regulatory framework. It took SHIB only 5 days to add 300%. Technically speaking, Shiba Inu could reach a penny if enough capital were to start investing in dog-themed cryptocurrencies. Additionally, they mentioned that the Shibarium launch will definitely come before Ethereum 2.0, which also is expected to come between September 10th and September 20th. One of the most unique features of Trust Wallet is its support for atomic swaps, which allows users to exchange one cryptocurrency for another without the need for a central exchange. Conversely, others see it as a bubble, ready to burst at any moment. Before we get to the point, lets see what the Shiba Inu Coin does and what its potential to reach 1 cent is, with a quick how-to-buy section just before that. Well, the current roadmap we are seeing for the Shiba Inu ecosystem is quite attractive. The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. However, this is for the long-term holders only who dont mind waiting for years or decades to reach the desired goal. Shiba Inu, or as the project calls itself the Dogecoin killer is one of the most advanced memecoins on the market right now. Because of the massive amount of capital required for SHIB to reach a penny, its highly unlikely this will happen. When launched in August 2020, the SHIB price had started at the meaningless level of $0.000000000056. Do Not Sell My Personal Data/Privacy Policy. 25 million reporting for duty! Apple, Tesla, Google, and other valuable firms provide good products that people use and enjoy. The circulation supply is 549 trillion tokens. Subscribe for weekly updates from our blog. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.

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