Will it survive the market crash? Now, Shiba Inu has not been the best-performing crypto as of late. In fact, the coin - which was initially launched in 2020 - has lost over 70% of its value from the start of 2022 to May of 2022.
The bad news is that Shiba Inu has almost zero chances of surviving in this industry. One of the reasons why SHIB is constantly falling is due to the lack of utility or real use case for the Shiba Inu coin. Since the coin launched as a meme coin, it was not meant to run any ecosystem.
According to CoinMarketCap, shiba inu crypto is worth $0.00001256 as of August 12. That represents a more than 84% decrease from its high of 0.00008 on October 26, 2021. Currently, the coin has a market cap of $6,894,551,695 and is ranked at 15th place in CoinMarketCap's list of the top cryptocurrencies.
Does shiba inu have a future? Several websites in the business predicting cryptocurrency prices are optimistic. Coin Price Forecast believes SHIB could increase 43% by the end of 2022. Coin Gape predicted a target of $0.00008368 for this year, a 486% increase over its current price.
Shiba Inu Price Prediction 2022
Shiba Inu had positive developments in 2022, such as the Metaverse platform. This deal is set to increase the price value of the coin. Per the technical analysis, Shiba Inu's price is expected to reach a maximum of $0.00001501 by 2022 end.
No, Shiba Inu Coin (SHIB) cannot reach $1.
Most experts agree that the Shiba Inu token has a future, as it has active support from the community. If the Shiba Inu price continues to rise at its current rate, it will be an incredibly worthwhile investment.
Shiba Inu hit all-time highs above $0.00008 per token in early November 2021, surpassing Dogecoin's market cap. At the time, the project's market cap was over $40 billion, ranking it in the top 10 most valuable cryptocurrencies.
Based on their SHIB price prediction, a long-term increase is expected; the Shiba Inu's price prognosis for 2027 is $0.000121. With a 5-year investment, the revenue is expected to be around +860.32%. The Shiba Inu forecast estimate the price in the beginging of the first half of 2023 may be $0.0000390.
Some Shiba bulls are forecasting a price of $1 by 2025. Nasdaq recently stated that the coin's price history has given it good footing for another price increase. The token's price has surged 60,000,000% since November 2020.
Key Points. Shiba Inu stands as one of history's most explosive investment assets. Hitting the price of $0.01 per token looks highly unlikely, but not impossible. New metaverse and burning initiatives could boost SHIB's price, but the token is still a high-risk investment.
Essentially, Shiba Inu is one of the cryptocurrencies that stand to do well in 2022 and the years to come. So, ultimately, Shiba Inu is a cryptocurrency worth investing in 2022. To buy Shiba Inu, one of the best exchanges to use is eToro.
But at the current moment, Shiba Inu is aiming to be the next Bitcoin in the crypto market. The past performances and future performances are very unpredictable to research and confirm that by end of 2022 or after ten years SHIB will hit the US$1 milestone.
Key Points: Shiba Inu is one of the high potential cryptocurrencies to buy in the next bull run. SHIB has the hype, and it is also getting into high-growth aspects of the crypto market. Shiba Inu has no chance of overtaking Bitcoin in market capitalization, but it is an excellent investment.
Conclusion. While both Shiba Inu and Dogecoin have the potential for long-term growth, SHIB could perform better. It has a more extensive ecosystem, and its deflationary tokenomics favor long-term value growth.
The chances of Shiba Inu being much more valuable in the next 10 years than it is today are oddly high. Crypto experts and investors are optimistic that the token will rise gradually over the course of the next ten years. By the turn of the decade, they expect SHIB tokens to be trading at between $0.002 and $0.009.
Shiba Inu will then rise slightly to $0.00125 in 2027 but will reach an average price of $0.00269 in 2030.
Wallet Investor's average prediction is that SHIB will increase just over 4% from its current price to $0.0000149 by the end of the year. Gov Capital predicts it'll reach $0.00006139 within one year, a 309% increase. Short significant use cases, shiba inu's primary value is in its level of hype.
Conclusion. Considering the burn rate requirements, the likely market cap for such a price, and the intense competition amongst cryptocurrencies, it is unlikely Shiba Inu Coin will ever reach 50 Cents.
Will Shiba Inu reach 1 dollar in 2030? It would take SHIB 43 years to reach $1 if SHIB rises 30% a year and also burns 2-3% of the supply every year. If 50% of the token is burnt every year and Shiba Inu rises 30% every year, then Shiba Inu will reach $1 in 22 years from now.
How many shiba inu coins are left? There are around 589 trillion SHIB tokens left following Ethereum co-founder Vitalik Buterin's burn of 40% of the total supply in 2021 and the launch of the SHIB burning portal in April 2022.
1.2 billion Shiba Inu coins destroyed in mass burn
410.3 trillion Shiba Inu tokens have been destroyed since the implementation of the burn mechanism based on data from Shibburn. The past week was one of the fastest burns; 1.2 billion tokens were pulled out of circulation and sent to dead wallets.
Shiba Inu burns about 400 trillion tokens to cap supply; bleeds 13%
Unfortunately, that's impossible. With a $1 price tag, Shiba Inu's market value would reach $550 trillion. For context, global gross domestic product -- the value of all goods and services produced across every economy -- is expected to reach $94 trillion in 2021 and $116 trillion by 2025.