Will Shiba Inu reach 1 cent?
Will Shiba Inu reach 1 cent?: The coin is similar to Bitcoin and Ethereum in its upside potential, and the coin will reach its all-time in long run. But how will it get there? Will it need to catch the interest of investors? Or will it need government support? The answer to this question will be determined by trends over the next several years. The Shiba Inu’s price is rising rapidly in 2021 and it has been called the Dogecoin killer. Its value has increased by 49,000,000 percent in 2021. This cryptocurrency has a huge potential, and many experts predict that Shiba Inu will reach 1 cent. But it is difficult to predict a coin’s price until its market cap reaches a certain amount.
The price of Shiba Inu has dropped 2.32% in the past 24 hours. Its market cap is now at $11,972,106,292 and traded volume has jumped 17.43%. The success of the Shiba Inu is largely dependent on the growing community, as utility and use of the coin are less important. The Shiba Inu price has fallen from its all-time high of $0.00008841 in October to $0.00002174 (3rd March. The price is subject to extreme volatility, which is why it is risky for investors to invest in this coin. It is still far too early to tell if it will hit 1 cent. There are several other factors that may make the coin value.
| Project Parameters | Detail |
|---|---|
| Name of Project | Shiba Inu |
| Stock Symbol | SHIB |
| Current Price | $0.0000218 |
| Current Rank | 15 |
| Current Circulating Supply | 549,063.28B SHIB |
| Total Supply | 589,735,030,408,323 |
| 24H Price Change | -2.41% |
| Market Cap | $11,969,334,524 |
| All-Time High | $0.000080 |
| All Time Low | $0.000000000145 at time of listing on Coinmarketcap |
| Official Website | https://shibatoken.com/ |
Estimaiton of Shib Price
If the circulating supply is taken to be (549.1T) SHIB then the price prediction with the increasing market cap will be.
| Market Cap | Shiba Inu Value | Gain |
|---|---|---|
| $1 Trillion | $0.0018 | 82x |
| $2 Trillion | $0.0036 | 166x |
| $3 Trillion | $0.0055 | 249x |
| $4 Trillion | $0.0073 | 333x |
| $5 Trillion | $0.0091 | 416x |
| $6 Trillion | $0.011 | 500x |
| $7 Trillion | $0.013 | 583x |
| $8 Trillion | $0.015 | 667x |
| $9 Trillion | $0.016, | 750x |
| $10 Trillion | $0.018 | 834x |
| $550 Trillion | $1 | 45907x |
Shiba Inu’s price is low, and it needs massive market capitalization to gain popularity. The value of a coin depends on its market cap, the dynamics of mining, and other factors. A recent analysis of Shiba Inu’s price suggests that the coin may have a chance to reach 1 cent in long term. It needs to gain a market cap of 6 Trillion in order to break the 1 cent barrier. The Shiba Inu could reach 1 cent, but it will have a volatile price in between. If the market cap of the Shiba Inu is higher, it might reach as much as a trillion dollars.
When Will Shiba Inu reach 1 cent?
According to Gov.capital, the price of shib will reach $0.00111205 March 2027 and in 3021 it may reach $0.000118 (digitalcoinprice.com). These predictions mean that the price of Shiba Inu may not reach 1 cent in the coming 10 years. This is a very huge target for Shiba to gain and as mentioned above will need 6 Trillion dollars of market cap (the total market cap of the crypto market is 1.74 Trillion dollars as of today).
The price of Shiba Inu is still very volatile. Forecasters can be wrong, and sometimes it is impossible to make a prediction that is correct. While the coin is currently moving a side-way pattern, there is still room for further appreciation. Given the hype, the price could double in a few years. But the currency’s long-term price trend is likely to remain steady, despite its short-term low.
Read Also: Will Shiba Inu Coin Reach $1?
