Will Shiba Inu reach 1 cent by 2025?
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What is the Shiba Inu (SHIB)?
Shiba Inu, founded in August 2020, is a decentralized cryptocurrency developed as an experiment by the anonymous Ryoshi. Unfortunately, SHIB is often confused with Dogecoin due to the similar logo of the Japanese dog. Therefore, Shiba Inu takes Dogecoin as a rival and calls itself the "Dogecoin Killer".
Like many other cryptocurrencies, Shiba Inu runs on the blockchain, which simply tracks all cryptocoins and transactions. It was built on the Ethereum blockchain network as it is one of the most secure and advanced platforms. The Shiba Inu coin was created as an altcoin of Dogecoin, already an altcoin of Bitcoin.
One of the main reasons why SHIB became popular on crypto exchanges were memes and rivalry with Dogecoin. Impressively, it has already taken over some Dogecoin markets.
What influences the SHIB price?
Some factors that influence the price per token of SHIB are major news, FED money cycles, and the crypto cycle.
- Important news
Of course, major news has a big impact on crypto prices. For example, much of SHIB's popularity comes from its rivalry with Dogecoin. Since both coins have the same Japanese dog as their logo, SHIB's prices rise simply because it is the new Dogecoin killer.
In October 2012, Tesla CEO Elon Musk tweeted about SHIB, which sent the coin's price to an all-time high.
- Cryptocycle
A cryptocycle refers to the phases of a cryptocurrency coin between its highs and lows. As a result, the coin's prices rise and fall during different phases of the cycle, which affects its overall price.
- FED Currency Cycles
The FED's decisions are one of the main factors that influence crypto prices. For example, if the FED raises interest rates to control inflation, these rate hikes could affect cryptocurrencies. As a result, cryptocurrency prices rise.
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Can Shiba Inu (SHIB) reach $0.01, $1?
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Will the Shiba Inu coin reach $1? Or will the price only go up to 1 cent?
The last two years have proven to be one of the most important times for all major cryptocurrencies. During the "hot and cold" phase of all dominant cryptocurrencies, the Shiba Inu (SHIB) coin had great growth opportunities.
Although the current value of this coin is not comparable to the more significant coins, the Shiba Inu coin has found a way to stay in the spotlight over the past two years. After years of holding its own as an excellent choice for crypto investors, this coin is now emerging as a valuable currency.
If you are not familiar with the Shiba Inu coin and its predictions, you have come to the right place. This article covers everything you need to know about Shiba Inu and its value in the years to come.
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What is Shiba Inu (SHIB)?
Shiba Inu, founded in August 2020, is a decentralized cryptocurrency developed as an experiment by the anonymous Ryoshi. Unfortunately, SHIB is often confused with Dogecoin due to the similar logo of the Japanese dog. Therefore, Shiba Inu takes Dogecoin as a rival and calls itself the "Dogecoin Killer".
Like many other cryptocurrencies, Shiba Inu runs on the blockchain, which simply records all crypto coins and transactions. It was built on the Ethereum blockchain network as it is one of the most secure and advanced platforms. The Shiba Inu coin was created as an altcoin of Dogecoin, already an altcoin of Bitcoin.
One of the main reasons why SHIB became popular on crypto exchanges were memes and rivalry with Dogecoin. Impressively, it has already taken over some Dogecoin markets.
What influences the SHIB price?
Some factors that influence the price per token of SHIB are major news, FED money cycles, and the crypto cycle.
Important news
Of course, major news has a big impact on crypto prices. For example, much of SHIB's popularity comes from its rivalry with Dogecoin. Since both coins have the same Japanese dog as their logo, SHIB's prices rise simply because it is the new Dogecoin killer.
In October 2012, Tesla CEO Elon Musk tweeted about SHIB, which sent the coin's price to an all-time high.
Cryptocycle
A cryptocycle refers to the phases of a cryptocurrency coin between its highs and lows. As a result, the coin's prices rise and fall during different phases of the cycle, which affects its overall price.
FED Currency Cycles
The FED's decisions are one of the main factors that influence crypto prices. For example, if the FED raises interest rates to control inflation, these increased rates could affect cryptocurrencies. As a result, cryptocurrency prices rise.
What could Shiba Inu (SHIB) be worth in 10 years?
Currently, the SHIB token costs $0.00001153. By the end of 2022, the coin will reach $0.00002162, increasing by 87%.
Here are the predictions for the price per token of Shiba Inu in the coming years:
- By mid-2023, SHIB will be worth $0.00002462.
- By the end of 2023, SHIB will be worth $0.00003016, an increase of 161%.
- By mid-2024, SHIB will be worth $0.00003474.
- By the end of 2024, SHIB will be worth $0.00003995, up 246%.
- By mid-2025, SHIB will be worth $0.00004509.
- At the end of 2025, SHIB will be worth $0.00004288, up 271%.
- By mid-2026, SHIB will be worth $0.00004717.
- At the end of 2026, SHIB will be worth $0.00005142, an increase of 345%.
- In mid-2027, SHIB will be worth $0.00005545.
- At the end of 2027, SHIB will be worth $0.00005961, an increase of 416%.
- By mid-2028, SHIB will be worth $0.00005452.
- At the end of 2028, SHIB will be worth $0.00005686, an increase of 392%.
- By mid-2029, SHIB will be worth $0.00006027.
- At the end of 2029, SHIB will be worth $0.00006366, an increase of 451%.
- By mid-2030, SHIB will be worth $0.00006703.
- By the end of 2030, SHIB will be worth $0.00007008, an increase of 507%.
- By mid-2031, SHIB will be worth $0.00007340.
- By the end of 2031, SHIB will be worth $0.00006242, an increase of 440%.
- By mid-2032, SHIB will be worth $0.00006445.
- By the end of 2032, SHIB will be worth $0.00006709, an increase of 481%.
It is important to remember that the crypto market is quite volatile, so you can never be sure what the prices of tokens will be in the future. Therefore, the above predictions are expert estimates based on the market performance and circulating supply of the coin; it is not financial advice.
SHIB Price Predictions 2025
Coin Price Forecast has predicted that the price of Shiba Inu could range from $0.00004183 to $0.00005048 in 2025. The average trade cost of SHIB is expected to be $0.00004335 in 2025. Experts also believe that the coin will break its all-time high by 2025. Overall, the value of the coin could increase by 271%.
Shiba Inu price prediction 2022, 2025, 2030.
Can Shiba Inu reach 1 cent?
Benzinga.com predicts that Shiba Inu cannot reach one cent for several reasons. First, SHIB's market capitalization would have to reach trillions of dollars to reach $0.01. This means that Shiba Inu would have to be many times the value of Bitcoin, which seems unlikely in the coming years.
To better explain the concept, consider that Shiba Inu's market capitalization would have to be about $5.89 trillion to reach one cent per token. That's ten times more than the ETH coin. Since SHIB was created on the Ethereum blockchain, it makes no sense for the coin to exceed the market cap of ETH.
Moreover, that market cap would be higher than the $4 trillion the U.S. government collects in taxes each year. So you do not have to be a market genius to know that the Coin cannot simply reach a market cap higher than the annual US taxes.
The massive amount of capital required to increase SHIB's value makes it impossible for the coin to reach $0.01 anytime soon! However, Shiba Inu is a fairly volatile coin that even outperformed Dogecoin at one point, so it could come close to one cent one day.
Will Shiba Inu reach $1?
Fool predicts that Shiba Inu cannot reach $1 for several reasons. First, SHIB would have to be worth 725 times Bitcoin's market cap to reach a $1 token price. That means Shiba Inu's market cap would be $589.7 trillion!
That's 6.3 times the world's gross domestic product. But of course, it's virtually impossible for SHIB to reach that number; therefore, Shiba Inu will never reach $1.
Should I invest in Shiba Inu (SHIB) now?
All cryptocurrencies are volatile, so you need to invest in them at your own discretion. Prices can drop or skyrocket without notice, so we recommend starting with a smaller investment to gauge SHIB's performance.
Shiba Inu is known to be riskier than most cryptocurrencies, so you need to be careful when investing your money in it. Since SHIB is a meme coin, its value is mainly based on investor enthusiasm rather than other more formal factors.
Once investors lose interest in the meme coin, its prices could drop tremendously and your investment could go down the drain. Madeline Hume, a senior research analyst at Morningstar, says she wouldn't call buying a SHIB token an investment.
Where can you buy Shiba Inu (SHIB)?
Coinbase and Kraken are the top crypto exchanges that support Shiba Inu (SHIB). Here's everything you need to know about it.
Coinbase
Coinbase supports over 150 cryptocurrencies, including Shiba Inu. The exchange is known for its informative and beginner-friendly platform. However, its users also benefit from the security of its cold storage.
Coinbase's transaction fees range from 0% to 0.6%, but you can find even cheaper options in the professional version of this exchange, Coinbase Pro. Moreover, as a new investor in Coinbase, you can benefit from its custody features that ensure you never lose track of your digital assets.
Kraken
Kraken supports over 120 cryptocurrencies, including Shiba Inu. The exchange is known for its ease of use, but its low transaction costs are also impressive, allowing you to trade your SHIB without spending too much on additional fees.
Kraken's transaction fee ranges from 0% to 0.26%, while the professional version of the exchange, Kraken Pro, is even cheaper in this case. This exchange is also known for its availability of advanced order types, futures trading and margins.
The best part is that their payment plans are as cheap as $10. You'll also find a variety of educational resources on their platform, which makes it much easier for beginners to navigate the crypto world.