Will Shiba Inu Reach 1 Cent?
Will Shiba Inu reach 1 cent: A price level of 1 cent would require a market cap of 5.8 trillion for Shiba Inu, which is completely unrealistic.
The Shiba Inu community is one of the most well-organized communities in the crypto market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin. A big area for the community is given that in the year 2021, Shiba Inu had risen 60x in 6 months. So, will Shiba Inu reach 1 cent?
Before diving into the discussion that was being made as of 23 March 2023, let’s take a look at the overview of Shiba Inu.
Shiba Inu (SHIB) Overview
|Price Change 24H||–2.10%|
|Circulating Supply||589,544,039,864,294 SHIB|
|All Time High||$0.00008845|
|All Time Low||$0.000000000082|
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Will Shiba Inu Reach 1 Cent? Shiba Inu Price Prediction 1 Cent Detailed Analysis
To reach 1 cent, Shiba Inu will have to rise 900x. At 1 cent, Shiba Inu’s market cap would be woth around 5.8 trillion. If SHIB were to grow at the rate of 25% every year, it would take Shiba Inu about 30 years to reach 1 cent. But that is only a theoretical possibility, which is impractical in reality.
Even during SHIB’s all-time high in October 2021, when the token was trading at $0.0000881, SHIB would have needed to increase in price by 113x to hit a price of $0.01.
Let us look at all the data in hand to determine whether Shiba Inu can reach 1 cent.
- Quality of Investment – Moderate
- Growth required to reach 1 cent – Not Feasible
- Market Cap at 1 Cent – Not Feasible
- Time to reach 1 cent if Shiba Inu Grows at 25% every year – Not Feasible
Therefore, combining the criteria of quality of investment, growth required, and market cap at 1 cent, it is impossible for Shiba Inu coin to reach 1 cent.
While SHIB has seen massive price increases in the past, the chance of hitting large multiples becomes smaller as the market cap of the asset grows. For example, it would not be so outlandish to say that a cryptocurrency with a market cap of $10 million could potentially 100x in price over a long enough time period.
At its all-time high, SHIB had a market capitalization of $43 billion. At that kind of size, even a 2x price increase would have required a massive amount of capital to flow into SHIB. Achieving a 113x multiple from a $43 billion market cap asset would be next to impossible.
For more context on why it’s so unlikely anything could boost SHIB to a penny, let’s take the example of Bitcoin. At its absolute peak, BTC had a market capitalization of $1.27 trillion. If SHIB were to reach $0.01, it would have a market capitalization of approximately $5.89 trillion, which would be 4.6x larger than Bitcoin at its very peak.
At the time of writing, Apple is the world’s most valuable company, with a market capitalization of about $2.14 trillion. Saudi Aramco is in second place with a market cap of $1.88 trillion and Microsoft comes third with a $1.75 trillion market cap. At a price of $0.01, SHIB would have a larger market capitalization than the three largest companies in the world combined.
Will Shiba Inu reach 1 cent by 2025?
Looking at the data above, it is impossible for Shiba Inu to reach 1 cent by 2025.
Will Shiba Inu reach 1 cent by 2030?
Looking at the data above, it is impossible for Shiba Inu to reach 1 cent by 2030.
Latest Shiba Inu News
Shibarium Beta ‘PuppyNet’ a Copy of Rinia Network?
Shiba Inu (SHIB) saw its price tumble recently. On March 17, official Shiba Inu Discord a community member, Steve, alleged that the Shibarium layer-2 beta testnet ‘PuppyNet’ and the Rinia testnet had the same chain IDs. Soon after the allegation, Kaal, a lead Shiba Inu developer stated that a new version of the Shibraium beta network with a new chain ID would be deployed.
800 billion SHIB become unstaked
Whale Alert recently posted a tweet that 800,215,912,624 SHIB worth $8,230,620 was transferred from Shiba Staking to an unknown wallet.
Shiba Inu Gets Listed in New Exchange
Shiba Inu has been listed in one more crypto exchange. BTCC exchange recently announced the listing of Shiba Inu (SHIB) on its exchange. BTCC is an excellent crypto exchange offering trading services in US, Canada, and many countries in Europe. It announced the listing of Shiba Inu on March 3rd, 2023.
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How High Can Shiba Inu Realistically Go?
Detailed below is a brief overview of our Shiba Inu price prediction for the coming years, ensuring you have a rough idea of SHIB coin’s value potential:
|YEAR||MINIMUM PRICE||MAXIMUM PRICE|
Please know the figures are generated using our price prediction tool and in that matter, not a guarantee, that the actual price action will follow what we mentioned. Forecasts are not immune to changing circumstances and will be updated with new developments. Always do your own research and evaluate all necessary factors before making any investment.
Will Shiba Inu Reach 1 Cent: Conclusion
Overall, if you’re making a Shiba Inu price prediction, the 1 cent price level is more or less out of the question. With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon.
The overall market cap of Shiba Inu has been fluctuating between $6 billion and $7 billion for the last couple of weeks. As we’ve shown, such a price level would imply a completely unrealistic market capitalization of $5.8 trillion for Shiba Inu, which is more than the combined value of Bitcoin, Ethereum, and all other cryptocurrencies (The market cap of Bitcoin which is above $20,000 is around $450 billion). Of course, Shiba Inu price prediction $1 dollar is an even more unrealistic scenario.
However, this doesn’t mean that it’s impossible for the SHIB price to grow. If the crypto market enters another bull run, SHIB could very well be one of the meme coins to explode. The Shiba Inu team is working on key products like Shibarium, and SHIB is positioned well thanks to numerous crypto exchange listings.
One popular and reliable exchange for you to buy SHIB is BTCC, you can check the links below to create an account on BTCC and start trading now.
If you’re interested, check out our price forecast for more cryptocurrency price predictions of the latest and most popular coins.
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