Article Coverage: Latest Shiba Inu Price Performance, Will Shiba Inu Reach 1 Cent? Detailed analysis
Shiba Inu Price Performance
| Last 7 Days | -23.3% |
| Last 1 Month | +154.7% |
| Last 12 Months | +132.2% |
Shiba Inu Buy or Sell Poll
- July 1st: +20.0%
- Oct 1st:+40.0%
- Dec 27th:+33.0%
- Feb 29th:+26.0%
- March 4th:+32.0%
- March 20th:+29.0%
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Will Shiba Inu reach 1 cent?
Yes, Shiba Inu can reach 1 Cent if about 95% of the Tokens are burnt over the next say 5-10 years.
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 ‘sh*t 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 405 times. At 1 Cent, Shiba Inu’s Market cap would be $5.9 Trillion. If Shib were to grow at 25% every year, it would take Shiba Inu 26 years to reach 1 cent.
While a $5.8 trillion market cap for Shiba Inu might sound ambitious today, but considering a time frame of 26 years or more and consistent burns of 2-3% annually, the goal could become feasible and the required cap even less daunting.
Let us look at all the data in hand to determine whether Shiba Inu can reach 1 cent.
405x Growth Possible?
In theory, 405x growth is quite possible. Numerous cryptocurrencies have grown at that pace. But we have no evidence of any cryptocurrency growing 405x when its market cap was $19B. The best example we have is of Bitcoin which grew about 2550 times. So, we can say with confidence that 353x is unlikely.
$5.9 Trillion Market Cap Possible?
Apple has a market cap of nearly 3 Trillion. It had a 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 25 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 25 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 $5.8 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 50 times. At 1 Cent, Shiba Inu’s Market Cap will be $588 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?
No, Shiba Inu will not be able to reach 1 cent by 2025
Will Shiba Inu reach 1 cent by 2030?
No, Shiba Inu will not be able to 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
If Shiba Inu reaches 1 cent, 1 million Shiba Inu will be worth $10,000.
How much is 10 million Shiba Inu worth at 1 cent
If Shiba Inu reaches 1 cent, 10 million Shiba Inu will be worth $100,000.
Will Shiba Inu reach $1 by 2025 or 2030?
If you invest $100 in Shiba Inu today, how much will be Shiba Inu worth at 1 Cent? $119000
If you invest $1000 in Shiba Inu today, how much will be Shiba Inu worth at $1? $1.19M
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Favorable Reasons for Shiba Inu’s Growth
Achieving the 1 cent and $1 milestone for Shiba Inu depends on visionary leadership, robust execution of its ambitious projects, and sustaining its current momentum. Vital projects such as Shibarium play a significant role in this goal. Additionally, community engagement and token burns are essential to maintain momentum.
Shiba Inu made significant moves in 2021, including its Bitpay integration. By 2023, its impact on payments remains limited. Nonetheless, its successful ventures into the NFT space, such as the rapid sell-out collaboration with Bugatti, indicate promise. Shiba Inu’s diversifying strategies, such as the game Shiba Eternity and its potential use for content creator rewards, highlight its broadening vision.
In the DeFi space, Shiba Inu is making strides by introducing yield farming and staking mechanisms. External macroeconomic factors, such as interest rate decisions and inflation, influence Shiba Inu’s market dynamics. A notable example is the 3% price surge after a Federal Reserve announcement.
On the development side, Shiba Inu’s Layer-2 blockchain, Shibarium, offers quick, cost-effective transactions. The introduction of its gas token, BONE, and platforms like Shiba Eternity and Shibverse, emphasize user sovereignty, versatile governance, and Shiba Inu’s innovation. Key partnerships with entities like Coingate, Bugatti, and VISA can boost Shiba Inu’s utility and influence its price direction.
Lastly, token burn strategies are paramount. With Shiba Inu’s vast token supply, reaching the 1 cent and $1 milestone requires an aggressive burn strategy. Projects such as Shiba Eternity, Shibaverse, and Shibaswap, along with payment partnerships, are critical. Nevertheless, considering the existing market cap, reaching 1 Cent or $1 appears impractical, even with extensive token burns.
If you are interested in buying Shiba Inu now, most of the best cryptocurrency exchanges have it available in their listing
Wall Street Memes (WSM) Coin Price Prediction 2023-2030
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 $0.00015 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.
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 FAQs
Can Shib hit a penny by 2030?
Given our aggressive simulation, the optimistic estimate for Shiba Inu 1 cent is 2056. 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 6k times from its current price. If Shiba Inu gains 25% a year (assuming a burn of 50% of its supply) it will take 39 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 2049. As analyzed earlier, this will depend on the Shiba Inu Burn, the Implementation of Shiba Inu Plans, and the sustenance of the community.
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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.
