will shiba inu coin reach 10 cents

Its why Bitcoin is the largest cryptocurrency. The next time someone tells you SHIB is going to 10 cents soon, they are effectively arguing that all 7.8 billion people on Earth are about to pour their cash and savings into SHIB. However, credit must be given where credit is due. Of course, theres no guarantee that a coin will ever reach its previous all-time high again. While it seems. On the flip side, there are many who . Its not only the pioneer but also has the most prominent crypto following in the world. Its absurd that the total market cap of SHIB will be more than Bitcoin, Ethereum, Apple, Tesla, and other valuable companies when SHIB is nothing but an Ethereum based ERC20 token. As a result, the SHIB coin is not a novel concept. However, with the crypto market kicking 2023 off on a bullish note, weve seen some renewed interest in crypto assets, including meme coins. It would be worth more than the entire cryptocurrency market today. Will Shiba Inu prices rise again? The current price of Shiba Inu is $0.000012, and the 24-hour trading volume is $171 billion. For more than a century, the stock market has been one of the greatest wealth creators on the planet. Dogecoins massive price increase in the early part of 2021 led crypto speculators to look for the next Dogecoin, and the market settled on Shiba Inu as the best candidate. Robinhood market reports more than 300k petition signed for listing and we could see more independent exchange will show interest in Shiba listing. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, finish 2021 higher by a "pedestrian" 46,000,000%, virtually no chance of this lofty price target becoming a reality, Copyright, Trademark and Patent Information. The Motley Fool has a disclosure policy. Let's find out. The following are the advantages: While most crypto users are already aware of SHIBs meme token, it is trying to expand beyond its preliminary public image, with a rising community that includes a DEX, NFT, and a game influenced by Shiba Inu. Currently trading at $0.000020, the Dogecoin Killer will need to grow its value by 18 Million percent if it is to reach this target price. In order for SHIB to hit $0.001, the development, public test, and launch of Shibarium would have needed flawless execution. This gives it a lot more potential use cases, as the token can easily be deployed in decentralized finance applications. This 40% increase was substantially greater than the rises noticed by other altcoins during this period. Invest better with The Motley Fool. The first thing to understand about digital currencies is that there aren't many tangible catalysts for investors to wrap their hands around. 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. Being an emotional investor taints our judgment and causes us to make poor financial judgments. The whole cryptocurrency market cap, including all coins and tokens, is less than $2 trillion. However, the bigger issue for Shiba Inu is that it's unable to differentiate itself from more than 22,000 other cryptocurrency projects. if shiba goes to 1 cent how much will i get. This does not mean it is a certainty. Other projects being worked on by the Shiba Inu team include the ShibaSwap decentralized exchange, the Shiboshis NFT collection and SHIB: The Metaverse. Right now, Shiba Inu trades for a fraction of a cent. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. Even during SHIBs 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. Although 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. Sean Williams has no position in any of the stocks mentioned. A currency does not have inherent value long term. Shiba Inu (SHIB), a cryptocurrency project that started as a competitor to Dogecoin but which has since transformed into a veritable momentum engine, just made history by reaching a new. The total cryptocurrency market of all coins and tokens combined is under $2 trillion. [CDATA[ The volatility and momentum associated with digital currencies have led to some truly jaw-dropping gains. Above prediction is based of average performance of shiba inu from past 6 months. However, the fact remains that some people are drawn to coins that have a low price per unit due to the cheap coin fallacy. Shibaswap, the ecosystems native DEX, can be utilized by stockholders to exchange tokens, take part in governance, create passive income, and buy NFTs. Get all Latest News about shiba inu voyager, Breaking headlines and Top stories, photos & video in real time Their popularity was mostly due to the promotion of Dogecoin by popular individuals such as Elon Musk and Mark Cuban. The creator of Shiba Inu is known under the pseudonym Ryoshi. That's 1,000 trillion. So, the meme token could defy the SHIB price predictions and reach 1 cent earlier than expected. That's unlikely to happen. CLICK THIS LINK TO TRADE SHIB AT BITFINEX! If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. First, even with the massive gains back in 2021, Shiba Inu has never even made it close to reaching $0.01. An example of data being processed may be a unique identifier stored in a cookie. Shiba Inu Traded Volume SOARS! The first decentralized cryptocurrency was. When SHIB was on the way up, many token holders were wondering if Shiba Inu will reach 1 cent. However, that doesnt mean that Shiba Inu doesnt have a lot of upside potential. When the clock struck midnight on Jan. 1, 2021, investors had the opportunity to scoop up SHIB coins for just $0.000000000073. When there are viral social media campaigns urging people to buy Shiba Inu in order to get SHIB to a penny or get SHIB to $1, some people dont stop to think about what that would actually entail because $0.01 and $1 seem like small numbers. That would be a near 620% increase from where the Shib coin is . Well based on extrapolating data from November 1st 2021 (the all time high market cap) and February 4th 2023 (I just picked this date for no particular reason). This makes it a hard sell to serious crypto investors, which in turn makes it hard for it to outlast the current hype and grow its worth above a penny. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Even reaching lower price milestones, such as $0.01 or even $0.001, seems very difficult. It's simply a token that runs on the Ethereum network. Almost every cryptocurrency lost more than half its value in 2022, and the price of SHIB dropped by about 80%. In August 2020, when Shiba Inu made its debut, it was one of thousands of nondescript tokens looking to make a name for itself in the digital currency space. //

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