Will Shiba Inu Coin reach $1?

Will Shiba Inu Coin reach 1 Dollar? Yes, Shiba can reach $1 as Shiba Inu Leadership and the community are building an ecosystem to drive token usage and burn.

Shiba Inu Price Prediction 2030

Shiba Inu price is predicted to rise more than 30x times by 2030 provided the proper burn mechanism is in place and the use cases of the Shiba Inu blockchain increase.

Shiba Inu Burn Update

In the last 24 hours, 410,381,567,166,214 tokens have been burned.

Shiba Inu currently has a slightly better rating than Terra Luna Classic. Read on for More Detailed Analysis


Shiba Inu Coin Price

What is Shiba Inu Token?

Shiba Inu is one of the most dynamic cryptocurrencies in the market. It is one of the 3 tokens from the house of Shia Inu developers, the other two are Bone and Leash.

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

  1. 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).
  2. Second, shib has a community that drives coin awareness, usage, and burn.
  3. A combination of these two factors also makes Shib an increasingly accepted token for payment on many platforms.

Shiba Inu’s Performance Since June 2022

  • June: +1.6%
  • July: +10.2%
  • August: -7.6%
  • September: -10.1%
  • October: -1.3%
Last 5 days Performance YTD
Terra Luna Classic -1.2% -67.6%
Dogecoin +2.8% -64.1%
Ethereum +1.2% -64.7%

Here is how CrowdwisdomLIVE rates SHIB on various metrics

CrowdwisdomLIVE rating out of 10
Differentiation (Use Cases) 6
Execution 7
Community 9
Macroeconomics (Universal rating) 5
Others (Burn) 7
Shiba Inu Total Score 34/50
Ethereum 35
Luna Classic 29

This is one reason why ETH and SHIB have performed almost on par in 2022 despite Ethereum going through a ‘game-changing’ Merge. Not just that, SHIB has outperformed Ethereum since the bottom of June 18th. Shib has risen +37.1% while Eth has risen 20.5%.

But $1 is no easy goal. Given the current price of 1 SHIB, $1 is really far away. The fact is such long-term forecasts are difficult to make given how we live in such uncertain times. Still, many investors have to take decisions today and not when everything is obvious.

Will Shiba Inu Coin reach $1? Some Statistical Scenarios

If it sounds crazy that SHIB will be at $1 many years from now, just look at Bitcoin.

  • Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 188000 times higher.
  • How much is $1 from today’s Shib price? 91,500 times higher.

We have run a simple scenario where we assume 30% growth every year. Is that possible? Absolutely! Particularly if the coin is burning 1-2% of supply every year. Read our reasoning in the next section.

If SHIB were to rise 30% a year 45 Years
If SHIB were to rise 30% a year and also Burn 50% of the Coins 22.5 Years

Looking at the above Math, SHIB could reach $1 in 23 years. This is 4 times SLOWER than Bitcoin. Therefore, this estimate is not an exaggeration even if it is built on some assumptions.

Shiba Inu Tokenomics

  • On the day of launch, the Shiba crypto team locked 50% of the token’s total supply in Uniswap.
  • The remaining 50% of the SHIB token supply was sent to the ERC-20 wallet of Ethereum founder Vitalik Buterin.
  • No tokens were reserved for Shiba’s founders and developers.

Shiba Inu Long-Term Holder Increases Despite Making Loss

The long-term holders of SHIB tokens have increased. A few months back there were less than 5% Shiba Inu long-term holders and this factor was concerning as the trust issue was high. However, in the last few months, there has been a gradual increase in the number of long-term holders.

Now there are around 30% of SHIB holders over 1 year and around 66% between 1 to 12 months.

At present 70% of the total Shiba Inu investors are at a loss while 26% are profitable.

Current Supply (October 8th)

Maximum total Supply: 999,991,112,079,349
Total Supply: 589,618,432,833,785
Circulating supply: 559,963,749,084,160
Total Burnt From Initial Supply: 410,381,567,166,214

Will Shiba Inu Coin Reach 1 dollar: Realistic Video Analysis

YouTube video

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.

Can Shiba Inu reach 1 Dollar? Risks and Caution

  • Apple’s Market Cap Today is $2.42 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. A 200-fold increase.
  • 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 $160 Billion Today.

While the Bitcoin rise is legendary, it is also true that there are few other examples for SHIB to emulate. So while SHIB $1 is possible, there are only a handful of cases that support the possibility.

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:

Date Price
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
October 2022 $0.000011

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.

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:

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

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 Coin Price Prediction 2030 Based on Simple Calculation

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 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 a 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 $1: 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 $1: 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 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.

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