Over 15 Billion SHIB Burned in May 2023. Shiba Inu Community has permanently removed a total of 15,369,335,177 (15.36B) SHIB from circulation in May 2023.
According to data provided by the Shibburn tracking platform, within the period of the last 24 hours, close to 200,000,000 Shiba Inu meme coins have been sent to "inferno" wallets. A total of 151 million SHIB was burned in a single transfer. This has significantly driven up the SHIB burn rate.
Shiba Inu Community burns 50.76 million SHIB in a day.
If Shiba Inu (SHIB) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Shiba Inu (SHIB) price prediction for 2023 is $0.00000988.
Shiba Inu Price Prediction 2023-2024
The SHIB price is believed to begin with a fine recovery during the second half of 2023 as market conditions are assumed to flip from bearish to bullish. The SHIB price may rise above $0.00001 initially, and by the end of the third quarter, it could reach around $0.000012.
With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. The overall market cap of Shiba Inu has been fluctuating around $4 billion for the last couple of weeks.
In dollar terms, had you invested $100 on Jan. 1, 2021 and held on until today, you'd be sitting on an absolute fortune worth almost $14.5 million. But believe it or not, that's after Shiba Inu tokens plunged in value by 87%.
Analysts have various views on Shiba Inu's price in ten years which is said to increase to US$0.002 in 2030, whereas others predict it may cross the US$0.009 level in 10 years.
By 2040, we may expect an average price of $0.076 if current growth continues. In the long term, the Shiba Inu Coin has huge potential. Our maximum price prediction for Shiba Inu Coin is $0.089 in 2040.
How much is 10000000 SHIBA INU in US Dollar? 10000000 SHIBA INU is 72.072021 US Dollar.
Can Shiba Inu burn enough coins? At its current rate, Shiba Inu is not burning enough tokens. According to shiba burn tracker, roughly over a quarter million SHIB is burned every day. SHIB holders will have to burn more tokens before the price changes significantly.
According to a hypothetical burn computation, the Shiba Inu could burn 111 trillion SHIB every year with help from ShibaSwap, Shibarium, and virtual land renames. Shiba Inu (SHIB) may have seen its most ambitious price forecasts yet, as a community member recently posited that the asset could rally to $1.
Shiba Inu, the dog crypto, burned close to 200 million coins within the last 24 hours. According to SHIB Burn data, the burn rate of Shib tokens has spiked by about 3000% in the space of 1 day.
The current circulating supply of Shiba Inu is 589.34T. This is the total amount of SHIB that is available.
According to the recent tweet by the aforementioned data platform, within the past 24 hours, the SHIB army managed to destroy an entire 8,862% more SHIB than on the previous day. In total, this time, they have removed 50,188,691 meme coins from the circulating supply.
The Shiba Inu Speculation
Given the colossal supply of Shiba Inu (SHIB) tokens in circulation, reaching $1 would necessitate a market cap surpassing the global economy's size, an unrealistic expectation. Therefore, while the hype and excitement around Shiba Inu (SHIB) continue, the likelihood of reaching $1 is minimal.
Shiba inu coin price prediction 2050
The year 2050 can end with an average price $1.20 with the minimum price value of shiba inu coin be around $0.80. Along with Shiba inu coin, many cryptos can hit their new all time high this year. The maximum price is expected to be trading around $1.80.
Shiba Inu is one of the most popular cryptocurrencies and is widely adopted at this point. With supply continually going down, and demand on the rise, Shiba Inu is likely to test the $0.001 mark in 2030 for the first time since it was launched.
Shiba Inu price prediction June 2030: Shiba Inu's price for June 2030 according to our analysis should range between $0.00018 to $0.00021 and the average price of SHIB should be around $0.0002.
The average life expectancy of a Shiba Inu is around 12 to 15 years, especially when given lots of walks. With good health, these pups can live longer, with the oldest known Shiba dying at the age of 26 in 2011.
It would be extremely difficult for Shiba Inu to reach 1 cent. Even during SHIB's 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.
Even further into the future, our Shiba Inu pricing projection for 2030 considers adoption by renowned companies. Considering all that, our Shiba coin price forecast predicts that the token may be worth $0.0002 by the end of 2023.
How Much Could You Be Worth If You Invested In Shiba Inu (SHIB) In 2020? If you had invested in Shiba Inu (SHIB) in August 2020, you would have nearly made over 4,293,000% return on your capital. A $1,000 investment in 2020 would be worth around $24,250,000 today.
This is because Shiba Inu is a digital financial asset. A $1,000 investment in 2020 would be worth around $24,250,000 today.
Could Shiba Inu make you a millionaire? Although the numbers for Shiba Inu may look minuscule, SHIB has the potential to increase its price in the future and even make a careful investor a millionaire, although it is still a long way before reaching the likes of Bitcoin (BTC) and Ethereum (ETH) in value per unit.