the Shiba Inu can reach anywhere from 15. This could be similar to the run of Dogecoin itself. Can Shiba Inu reach 1 Cent: How to Buy Shiba Inu? Its listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. size: 550x425 - 550 x 425 */ But now that theyve created the Metaverse project, Shiba Inu appears to be more than just a meme-his coin. Theoretically and statistically, its not possible to do so now. Once again, as with the $1 price mentioned earlier in the article, the short answer to the question of whether the Shiba Inu coin can reach 50 cents is no. It may also reach 50 cents within the next 10 years. According to CoinMarketCap, Shiba Inu is currently trading at $0.00001289 with an uptrend of 2.05% from yesterdays price. Developers delayed the launch of Shibarium more than once last year. In the best-case scenario, it projects that SHIB's price could reach $0.000270 by February 2024, accounting for the technical analysis data aggregated on February 6th. Here is the best guide onHow to Do Fundamental Analysis on Crypto projects. Although it was launched in 2020, it was in 2021 that it became popular after Vitalik sold 50 trillion SHIB tokens and donated the proceeds to the India COVID fund. Does Shiba Inu Have A Future? Many people think of Shiba Inu as an alternative to Dogecoin. Other similar ERC20 tokens include Binance Coin (BNB), Chainlink (LINK), Tron (TRX), USD Coin (USDC), and Tether (USDT). A big area for the community is given that in the year 2021, Shiba Inu had risen 60 times in 6 months, Can Shiba Inu reach 1 cent? This is Shiba Inus starting use case. Please consult a registered investment advisor to guide you on your financial decisions. Shibarium will decide the future of Shib. Why did the DOGE price only slightly rise? Write by: . How Much Is 1972 Dollar Coin Value? The Wallet 0xd6 holds more than 3.1 trillion Shiba Inu tokens and in future more such move by this investor is possible. Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. If you are a beginner who invests money based on the signal of a Youtuber or another Influencer. SHIB has risen more than 85,000,000% in a year and hit its all-time high on October 28, making it the most prominent example of a monumental bull run in crypto in recent years. Find out whether the Shiba Inu coin will reach 50 cents or 1 cent with our expert analysis. While there are a few cases of Tokens rising 32279 times, in reality, such rises are rare Let us take a specific scenario If Shiba Inu gains 30% a year (assuming a burn of 50% of its supply) it will take 43 years for Shiba Inu to reach 50 cents. Yes, Shiba Inu should be a better asset after launching Shibarium than it was when it soared back in 2021. Amid its growing popularity with Chinese crypto investors, expanding exchange support, and Coinbase listing, SHIB could reach another high. So, it is not practically possible for Shiba Inu to reach the price of 50 cents like dogecoin. So far, more than 410 trillion SHIB tokens have been burned, most of them due to Vitalik Buterin. For Shiba Inu to Reach 50 Cents, SHIB will need a market cap of around $294 trillion, which is 294x the market cap of all cryptocurrencies combined. People who bought Bitcoin at $1 had no idea it could rise to $69,000. The coin was never intended to hold its value. The token was developed as an "experiment in decentralized spontaneous community building," according to its whitepaper. The integration with VISA can potentially increase the use cases of SHIB tokens, leading to a price increase. However, its total supply is 1 Quadrillion coins. This was a reach even in the bull market, and is extremely unlikely now. Shiba Inu is in our list of Best Cryptocurrencies to Invest in 2023. So, it is possible for Shiba Inu also to reach 1 cent. If you invested in Shiba Inu coins, tell us how much you invested in the comment section below. To reach 50 Cents, Shiba Inu will have to rise 32279 times higher. Yes, Shiba Inu can reach half a cent by 2047. Their popularity was mainly due to the promotion of Dogecoin by popular people such as Elon Musk and Mark Cuban. The coin's mascot is the shiba inu dog, the . As before, the primary limiting factor is the outstanding supply of SHIB, which at current amounts would produce a market capitalization of $275 trillion if the meme coin reached the $0.50 mark. It is financially illogical and mathematically impossible for the Shiba Inu coin to reach $1, so we cannot help but burn the token supply. Your email address will not be published. Ans: While initially marketed as a meme coin going against DOGE, the Shiba Inu Coin is expected to die by the end of 2023. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. Shiba Inu supporters even claim it is a Dogecoin killer. This valuation is close to impossible with Shiba Inus current circulating supply, also market sentiments are negative, barring SHIB from witnessing new highs. Popular meme token Shiba Inu (SHIB -0.62%) is stirring up some excitement. This does not mean it is a certainty. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. Shiba Inu is about to launch Shibarium, a layer-2 solution that will free the cryptocurrency from certain limitations it faces today on Ethereum. Not long after, SHIB started a steady climb upward. Conversely, the Bollinger bands lower limit trades at $0.00001042, acting as a crucial support level for determining Shiba Inus future price fluctuation. Also, only a few SHIB coins are in circulation, decreasing its overall usage and demand in the market. Shibarium Portal Launched: Shiba Inus developers have launched the Shibarium portal. Its 274 times the worth of Bitcoin and Tesla, 550 times more than Ethereum, and 137 times more than Apple. This solution, Shibarium, should strengthen this popular meme token and could boost its value. Answer (1 of 5): This is definitely something many shib holders and crypto researchers discuss time and again, and for good reason. Generally, the burning mechanism for SHIB depends on its usage. Conflux Price Prediction 2023-30: Will CFX reach $100? By doing a fundamentalanalysis, you can find the best crypto project. I don't think so. POLKADOT etc. Because investors may be wondering if Shiba Inu is getting ready to deliver a performance like that of 2021. If the Shiba Inu coin is to reach 50 cents, it must develop real-world use cases. But there is some good news ahead. There's also a bit of the past repeating itself at play here. Once again, as with the $1 price mentioned earlier in the article, the short answer to the question of whether the Shiba Inu coin can reach 50 cents is "no". However, the current burn requirements seem next to impossible due to the intense competition among cryptocurrencies to stand out in the crypto market. If you see its price increase, you can make the best decisions depending on it. But the real question is what is the best way to buy Shiba? It is also working on an Ethereum Layer-2 solution, Shibarium, and a Shiba Inu Metaverse. Therefore, it is essential to research any crypto-currency before deciding to invest in it. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. For $1, you could buy more than 135,000 Shiba Inu tokens. However, there is little evidence to suggest that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. At its peak, the total market capitalization of crypto-currencies was just over $3 trillion. Of course, Shiba Inu, trading at a fraction of a cent, still could rise enough to deliver a decent gain to investors who take a massive stake in the token. Dubbed the Dogecoin-killer, Shiba Inu may be an excellent investment option if considered for a long-term investment plan as it has fetched over 1000% return since October 2021. We concede that this answer could change dramatically in the future. A cryptocurrency expert has analyzed the Shiba Inu price and its fluctuations over the past few years. The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either. Must Read How to Become a Crypto Millionaire [2023], Your email address will not be published. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. This is higher than the previous zenith of $0.00003791 recorded back in May 2021. It has pumped more than 110%, Do you know that crypto jobs are in high demand? The same wallet 3 months ago transferred 200 billion SHIB to Crypto.com. Or you can invest in Shiba Inu or stake your holdings to earn passive income. While Dogecoin has a. The possibility of such price action taking place is theoretically impossible, given that the global GDP for all countries is just around $100 trillion. Let me explain why. CoinCodex is a cryptocurrency data website that tracks 23317 cryptocurrencies trading on 418 exchanges and provides live crypto prices. But it could reach 1 cent after a few years of symbolic burns and deflationary mechanics. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystemand robust community. We use cookies to ensure that we give you the best experience on our website. The Bollinger bands are forming a wide range in the price graph, signaling a consolidated zone for Shiba Inu. Shiba Inu (SHIB) will never reach $0.50 or 50 cents because it is financially illogical, mathematically impossible. While Dogecoin has a strong chance of reaching $1 in the future, we cannot say the same for Shiba Inu, at least not in its current state. Obtaining crypto that could grow by double digits in the soon-to-come bull run is a must for many investors. If you want to know the answer to this question, keep on reading. Economic troubles continue, but the crypto market -- including Shiba Inu -- has rebounded since the start of the year. Learn More. Will Shiba Inu Coin Reach 50 Cents? Read This, Exploring Successful Strategies For Investments And Savings, Create An Everlasting Impression With Quirky Marketing, 10 Most Expensive Vehicles You Can Buy Today, New Subsidy On US Chip Will Pose A Global Threat To Economy, BRICS Appeals To More Countries As Algeria Signals To Join This Group, Pakistan Imports Slash Down Sharply To Stabilize Rupee. While Dogecoin has a high chance of reaching $1 in the future, we can't say the same for Shiba Inu, at least not in its current state. The enabling factors are community engagement, execution plans for the future, and the likely growth of cryptocurrencies in the future. Some, like Ethereum, even burn their supply over time. That abundance is part of the joke. Our algorithm predicts significant up-and-down price movementin Shiba Inu's future. With less than $7.50, you could own a million of them. Most crypto players offer the exact same things. Bitcoin has numerous real-world use cases. ados.run = ados.run || []; Save my name, email, and website in this browser for the next time I comment. But here's the problem: Shiba Inu actually doesn't offer anything more than the thousands of other cryptocurrencies out there. The Shiba Inu Tokens creator transferred half of the total coin supply to Ethereum founder Vitalik Buterin. This is why many investors call SHIB a meme coin. Investors buy this coin and resell them in the market when the price rises. Additionally, try to see its price graph. Blur Crypto Price Prediction 2023-30: Will Blur Token reach $100? Metaverse Tokens Social Media Sentiment Live. This coin was initially created as a satirical cryptocurrency to compete against Dogecoin (which also has the same dog breed as its logo). And in those terms, it's been highly successful. However, price predictions are not set in stone, as market conditions can change radically. Shiba Inu has delayed the release several times over the past year. Now you might wonder what sets Shiba Inu apart from the thousands of cryptocurrencies out there? And why it can cause Shiba to reach 50 cents? As the name suggests, Shiba Inu coins (SHIB) are a form of cryptocurrency introduced in August 2020. Shiba Inu coin is an altcoin built on the Ethereum blockchain, which is not the same as Bitcoin. For it to reach 50 cents in price, it needs to have a total market capitalization of $274 Trillion. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit. Shiba Inu coin is not a Scam. In addition, it has a current trading volume of $264 million. The EMA-100 and EMA-200 are trading in bullish territory, hinting at a further upward momentum for Shiba Inu. This region, highlighted in the yellow band, has been reinforced by the 50-day EMA and the 200 . However, since then, its prices have dropped considerably (by almost 200%). On 28 October, the token initiated a fresh upward rally and broke above its EMA-20 trend line at $0.000012, and continued its upward momentum further. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. This was primarily due to the Dogecoin being particularly . If more tokens are burnt, it will increase demand as supply dwindles. With the demand for experienced, The first Dogecoin on Solana, Bonk Meme Coin, is gaining popularity in the crypto community. If Whales start to back SHIB again, the price of Shiba Inu may see a major boost. Shiba just has too many coins to mean anything. Therefore, there is no chance of Shib hitting a penny by 2030. Here are the scenarios of how Shiba Inu could reach different milestones: The Shiba Inu team announced that Shibarium will be launched soon, details here. It would be worth more than the entire cryptocurrency market today. But why is it so? It has the potential to change Shiba Inu Hodlers life if the team creates token utility within the metaverse, such as buying and selling NFT, land using Shib tokens, and the Play to Earn concept. It might be difficult to do. Read More: How Much Is 1972 Dollar Coin Value? There is a 0.977 correlation between the price of Dogecoin and Shiba Inu in the last seven days, and as meme coins, both tokens have had similar price performances. It may not even reach one cent. The answer is, not much. Click here to jump to comments. Shiba Inus journey towards reaching 1 cent can be categorized into four main areas macroeconomic factors, development plans, partnerships and community, and Shiba Inu burn and whale action. Making the world smarter, happier, and richer. Keep track of your holdings and explore over 10,000 cryptocurrencies. And Shiba Inu supporters -- the Shib Army -- built up excitement about the crypto across social media. Just to hit the milestone of $0.01 by the end 2022, SHIB will have to manage an average monthly grow of at least 2,500%. The Motley Fool has a disclosure policy. 5 Ways to Beat the Fed (and Crush Inflation), The Government Is Pouring $391 Billion Into These Stocks - Buy Now, Do Not Sell or Share My Personal Information. It was created as a joke and meant to be traded for fun. Shiba Inu may even touch $1 if the current circulating supply of 550 trillion is burnt at a rate of 90%. Save my name, email, and website in this browser for the next time I comment. Shiba Inu's performance in 2021 was spectacular, and many expected it to continue the same run the following year. According to our Shiba Inu technical analysis, it has been on a bearish trend since the crypto market crash in May, which plunged several cryptocurrencies to the bottom level in price. It may not even reach one cent. With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. However, forecasts expect prices to break above current all-time highs as early as 2025. Invest better with The Motley Fool. Most other cryptos have a fixed supply, which is the case with Bitcoin. Will Shiba Inu Reach $1 or 50 cents? However, due to the general decline of the crypto market, that hasnt come to pass. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The coin has traded . This is because its a meme coin with little market value. But it might reach 1 cent after some years of token burns and deflationary mechanics. They were given a large sum of money as sponsorship to promote the pump and dump coins. Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. Shiba Inu has had some positive developments in 2023, including the launch of the Metaverse platform. That makes it something of a joke inside of a joke. Your email address will not be published. The post Blur To Airdrop $300M, Shiba Inu May See A Shibarium Launch Soon While The TMS Network Brings New Ideas To Trading appeared first on Coinpedia Fintech News. In this article, weve addressed the question Will Shiba Inu coin reach 50 cents? by looking at factors such as the large token supply and lack of real-world utility. Free Crypto Tax Calculator USA, UK, India, Canada, and more! /* load placement for account: Money Map Press, Thus, the meme token could defy SHIBs price predictions and reach 1 cent sooner than expected. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information. To make the world smarter, happier, and richer. If Shiba Inu aims to reach $0.5, it needs to execute an extreme burn of tokens and get to at least half of the current circulating supply, i.e., 275 trillion. As for Shiba Inu specifically, the crypto faces the problem of limited uses, as mentioned above, and an even bigger problem that could hold it back from significant gains. *Average returns of all recommendations since inception. Butwithout developing the tokens utility, it will be difficult to reach even 1 cent. Let's find out. Truth. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. Coingate, Bugatti, and VISA are some of the companies Shiba Inu has partnered with to expand its reach. 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. In 2015, Dogecoin was also worth $0.00008690. what did Binance and Shiba swap reveal about Shiba Inu? The possibility of such a price action taking place is theoretically impossible, given that the global GDP of all countries is just around $100 trillion. Therefore, we believe Shiba Inus 50 Cents is an impractical expectation. The combined value of. By 2026, the number 29 will be in effect. Interestingly, the creator of Shiba Inu Coin transferred half of the total coin supply to Vitalik Buterin, the founder of Ethereum, and the other half threw away the key and locked it in Uniswap. At a $0.50 valuation, the total market cap of SHIB will be $274 Trillion, which is 14 times of US GDP, 3.5 times of World GDP, 274 times more than Bitcoin, 550 times more than Ethereum, 137 times more than Apple (AAPL), and 274 times more than Tesla (TSLA) market cap. Adria Cimino has positions in Ethereum. The Motley Fool has a disclosure policy. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. The volatility of crypto markets makes it impossible to determine what SHIB would be worth even in the next 24 hours. When the Shiba Inu Metaverse lands become popular, the price of the Shiba Inu coin will rise to an all-time high. So today, its uses are limited. According to CoinCodexs forecast, SHIB will not be worth 1 cent in 2024. Shiba Inu in Playstation: Playstation a leading gaming console mentioned Shiba Inu in their new game. Investors have many questions on their minds, like will Shiba Inu coin reach 50 cents or not? Since then, many people have been wondering about its expected future prices especially since Ethereum founder Vitalik Buterin burned over 90% of his Shiba Inu holdings. Unlike Bitcoin, which some companies offer as payment in place of a traditional salary, or Ethereum, which can be used to buy real estate on website like Propy, DOGE and SHIB lack any real-world utility. Latvian Parliament declares Russia a "country sponsoring terrorism". But it will take more to reach $1, due to its massive supply. Shiba Inu really . There is a 0.977 correlation between the price of Dogecoin and Shiba Inu over the past seven days, and as meme coins, both tokens have had similar price performances. We also can see that we will get Shiba Inu at a cheaper rate than what is now. 7 Crypto Jobs That Can Make you a Millionaire, Satoshi BTCs core Mining (App) Scam Or Legit Truth, How to Do Fundamental Analysis on Crypto Projects, 15 Easy Ways to Make Money with Cryptocurrency [2023], How to Build a Millionaire making Crypto Portfolio [2023]. Weve compiled a list, Introduction Do you want to build a rich, profitable crypto portfolio? Back in May 2021, the crypto-trading juggernaut Binance listed SHIB and Elon Musk tweeted about DOGE. But I'm not convinced a potential gain would be lasting, and I don't recommend taking a huge position in a risky asset like Shiba Inu. So it is essential to research any cryptocurrency before you decide to invest in it. The potential breakdown below the $0.000012 support will trigger the bearish-descending triangle pattern. Shiba Inu Coin Price Analysis and Forecast 2022-2030 According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. In general, the burning mechanism of SHIB depends on its use. To reach the 50 Cents mark, Shiba Inu needs to buckle up and go on a herculean task by rising 1,719,295% from today's price, which is a steady monthly growth of 28,655% up until December. Read Here, Before we do the simulation, here are some facts. Yes, it is possible for Shiba Inu (SHIB) to hit 1 cent. It could even take years of sustained positive performance for that to happen. Other indicators are also dropping for the coin as its trading volume of $217M went down by 50% in that same period. But it took until 2021 before it was worth a cent. Today, Shiba Inu is preparing for a big moment: the launch of its layer-2 solution. SHIB token dropped from a high of $0.00005 to a low of $0.000008 as it got severely impacted by the crypto winter. If more chips are burned, demand will increase as supply decreases. Here are the steps to buying Shiba Inu crypto: Shiba Inu Coin is one of the most popular cryptocurrencies therefore most of the exchanges have listed Shiba Inu for trade. However, according to Binance, "the top no 1, no 2 and no 5 wallets hold 50.5 per cent, 7 per cent and 3 per cent of total supply respectively". In 2015, Dogecoin was also worth $0.00008690. Bitcoin also appears to have bottomed out near $19,000. Shiba Inu has a very large supply, which is why the team needs to create a burning mechanism to burn tokens on a continuous basis. It is very unlikely that the Shiba Inu coin will hit the $1 mark as it hasn't shown much growth unlike its Shiba Inu counterpart, Dogecoin. Can Shiba Inu's Valuation Hit $10 Billion in 2023? Shiba Inu may reach the 50-cents price level if the burn rate majorly increases and multiple developments are added to the platform. SHIB rose by over 85,000,000% within a year and hit its all-time high on October 28, making itthe most prominent example of a monumental bull run in crypto in recent years. For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. until the end of the year on average. Things can be line people will pay less or even no attention to meme typed coins in 2025. 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. When he is not writing, he is looking to meet new people. Numerous Development Plans some of which have already been rolled out. Until it does have more real-world applications and is more widely accepted as payment, I don't see the crypto surging much higher. Will Shiba Inu reach 50 Cents? Who knows when Bitcoin was $1, it could go to $69,000. With the words Cryptocurrency and Bitcoin becoming household names, more and more people are interested in investing in crypto. In fact, it is impossible to predict the price of an asset 40 years from now. If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents. Highly Unlikely. Shiba Inu gave back some of those gains last year, when it fell along with the entire cryptocurrency market. 29%. Will Shiba Inu coin reach 50 Cents without burning Tokens? Also, developing more utility for the Shiba Inu coin will help its value. DoggyDAO, a decentralized autonomous organization, also shows potential. As analyzed earlier, this will depend on the Shiba Inu Burn, the Implementation of Shiba Inu Plans, and the sustenance of the community. The Motley Fool has positions in and recommends Ethereum. For context, global gross domestic product -- the value of all goods and services. Shibarium also will strengthen Shiba Inu's presence in gaming and metaverse applications. Shiba Inu is expected to reach 0 by Wallet Investor. Rather than going with something popular, can you imagine a Shiba Inu becoming a dogecoin killer? now ask the question to yourself Will Shiba Inu coin reach 50 cents?. Shiba Inu burn and whale action are also essential factors in determining the price of Shiba Inu. Required fields are marked *, Sign me up for the Money Morning newsletter. In theory, this is feasible but in practice, this would be quite difficult. DOGE might've peaked at $0.74 back in May, but it has since traded around $0.22 or so. Whales have played a significant role in boosting the price of Shiba Inu in the past. You cant predict the future of a particular cryptocurrency. The cryptocurrency market climbed past $3 trillion in 2021 as investors piled into this exciting newish market. The answers to some of these questions are: Ans: Since a Bitcoin halving is expected at the start of 2024, you can say that the price of Shiba Inu coins will go as high as $0.01 by the end of 2024. Its current outstanding supply is about 550 trillion tokens. As we can quickly deduct from the table above, the likelihood of the Shiba Inu price coming anywhere close to $1 at current levels of circulating supply is simply not feasible. But despite this drastic climb higher, the crypto isn't going to hit $0.50 anytime soon. In fact, it is still very unlikely, but it is theoretically possible. Another point against SHIB reaching $1 is its supply inflation according to our data, the supply of Shiba Inu increased nearly 8% year-over-year, which makes the prospects of SHIB hitting a $1 milestone all the more unlikely. However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent. 5 to 16. Soloway's price projections have historically been accurate. Shiba Inu is a meme currency created in August 2020 by an anonymous individual named Ryoshi. But how sustainable is that growth? Polkadot Price Prediction Today. But if you're looking for impressive gains sooner, you'll want to look outside of the crypto market to a stock going public that's bound to rocket higher if (location.search.indexOf("continueReading=1") >= 0) { jQuery(window).load(function() { jQuery(window).scrollTop(jQuery("#continueReading").offset().top - 35); });}, Join the conversation. However, the SHIB token is now aiming for its next resistance level of $0.00001354, where the EMA-200 is trading. Given that the main target of the Shiba Army is to push the price of Shiba Inu to 1 cent. When it comes to the cryptocurrency market, its current market capital rank is #14. Will Shiba Inu reach 1 Cent by 2025? Shib burn can help boost the tokens price. And that's Shiba Inu's biggest problem. But this would require burning a significant amount of the token for the price to rise to 1 dollar. Unfortunately, that's impossible. Sure, a near-term catalyst like the Shibarium launch could push Shiba Inu higher. The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. He loves spending time with his cats, along with playing every new PC action game as soon as possible. Looking at the Shiba Inu price developments in the price chart, SHIB is poised to ignite more surges in the upcoming months. 2023 CryptoGlobally, The Core Dao Mainnet is now live and available for use, marking a significant milestone in the development of blockchain technology., Do you want to use the Free Crypto Tax Calculator, the best crypto tax software for various countries including the United, Explore the exciting world of cryptocurrency and earn a competitive salary as a Crypto Community Manager.