At that pace, it would take more than 7,100 years to achieve the goal. On a positive note, that's a little sooner than one of my previous predictions of more than 10,000 years. But the bottom line is this: Not only will Shiba Inu fail to reach $1 in 2023, but it's also unlikely to get there in our lifetime.
A $1 price target isn't likely
If SHIB were to hit $1 by the end of 2023, this would imply a gargantuan return of nearly 12,000,000%. And at $1, Shiba Inu's market cap, assuming there are the same number of tokens outstanding, would total a whopping $549 trillion.
If Shiba Inu pulls a similar move in 2022, it could easily trade at $1 by the end of 2022. However, taking a more conservative approach to the price of SHIB, 2030 seems like the earliest it can trade at $1.
End of 2025: With Shiba Inu's developers still working on their Metaverse and decentralized exchange, and Shiba Inu's community expected to grow even further, we estimate that the SHIB price could cross $0.0001 by the end of 2025.
Technically speaking, Shiba Inu could reach a penny if enough capital were to start investing in dog-themed cryptocurrencies. But since Shiba Inu would need trillions in capital to reach $0.01, institutions and governments would need to purchase SHIB, which seems highly unlikely.
Shiba Inu will not hit 1 cent in 2023. Even the highest predictions do not see SHIB hitting $0.01 by 2030. 1 cent is seen as a huge milestone for Shiba Inu to reach, a milestone many holders are waiting for.
At that pace, it would take more than 7,100 years to achieve the goal. On a positive note, that's a little sooner than one of my previous predictions of more than 10,000 years. But the bottom line is this: Not only will Shiba Inu fail to reach $1 in 2023, but it's also unlikely to get there in our lifetime.
Shiba Inu Price Prediction 2024
After the analysis of the prices of Shiba Inu in previous years, it is assumed that in 2023, the minimum price of Shiba Inu will be around $0.0000163184. The maximum expected SHIB price may be around $0.000020068. On average, the trading price might be $0.0000169283 in 2023.
Based on Shiba Inu's historical price performance, it is assumed that in 2023, the minimum price of Shiba INU may be around $0.0000119. The maximum expected SHIB price may be about $0.0000142. On average, the trading price may be around $0.0000124. From current prices, this would be over 50% ROI.
For instance, digital asset specialist Telegaon has outlined a scenario in which Shiba Inu could surpass $5 by 2050.
DigitalCoinPrice's Shiba Inu forecast for 2030 saw the token rising to an average price of about $0.000156.
According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit.
No, Shiba Inu will not reach 1 cent by 2030. The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin.
By 2025, our price prediction forecasts that Shiba Inu (SHIB) could be worth $0.000043.
Just like the Elon Musk tweet had surged the market price of the Shiba Inu coin to rise high. Elon Musk in another tweet said that in order to be a millionaire you need 3 million Shiba Inu coins.
Most analysts believe that Shiba Inu could rebound in 2023 alongside the rest of the cryptocurrency market. If this happens, most analysts expect Shiba Inu to trade at an average price of $0.00004 in 2023. In the long term, analysts expect Shiba Inu to hit a high of $0.01 in 2025 if there is another major rally.
Shib price prediction 2025 in INR: Shiba Inu is predicted to touch ₹0.057 by the end of 2025. Shib price prediction 2030 in Indian Rupees: Shiba Inu is predicted to touch ₹1 by the end of 2030.
Yes, Shiba Inu can reach half a cent by 2047. Shiba Inu can reach 1 if it rises 1069 times from its current price. Assuming 50% of supply is burnt, SHIB can reach 1 penny in the next 31 years.
To increase SHIB's price to $0.001 would require burning nearly 99% of the tokens currently in circulation.
Will Shiba Inu Reach 25 Cents? For Shiba Inu to reach 25 cents, it will have to rise 31,250 times from its current price. If Shiba Inu gains 30% a year (assuming a burn of 50% of its supply) it will take 40 years for Shiba Inu to reach 25 cents.
Benzinga.com predicts that Shiba Inu can't reach one cent due to multiple reasons. First, for SHIB to reach $0.01, its market cap would have to reach trillions of dollars. This means Shiba Inu would need to be multiple times Bitcoin's worth, which doesn't seem probable in the coming years.
According to the Shiba Inu Price Prediction model above, SHIB's price in June 2024 would be $0.000046.
10000000 SHIBA INU = 88.588439 US Dollar (USD)
The conversion value for 100 USD to 11111111.112 SHIB.
The conversion value for 100 SHIB to 0.001 USD.