According to Shiba Burn Tracker, 83 billion Shiba Inu tokens have been burned throughout 2022. The Shiba Inu burn rate has fallen from a high of 31 billion in the month of May 2022, to just 661 million in November 2022. It's a 99% decline.
How Many SHIB Coins Are Left? SHIB started with a supply of 1 quadrillion, in which 50% was locked in Uniswap, while the other half was burned to Ethereum co-founder Vitalik Buterin. Currently, there are 497 trillion SHIB tokens (not coins) in circulation, with a total supply of 1 quadrillion.
Shiba Inu burn calculations
In one spectacular 24-hour period, over 100 million tokens were burned.
To increase SHIB's price to $0.001 would require burning nearly 99% of the tokens currently in circulation.
Burning Shiba Inu to $1 is over 25 years away
Burning 90% of the original supply would leave $100 trillion SHIB tokens in circulation. Shiba Inu only has a market cap of $5.7 billion, so burning would need to continue for a few more years until there were just a few billion tokens left.
Based on Shiba Inu's historical price performance, it is assumed that in 2023, the minimum price of Shiba INU may be around $0.0000118. The maximum expected SHIB price may be about $0.0000141. On average, the trading price may be around $0.0000122. From current prices, this would be over 30% ROI.
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.
A $1 price target isn't likely
And at $1, Shiba Inu's market cap, assuming there are the same number of tokens outstanding, would total a whopping $549 trillion.
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.
Currently, Shiba Inu has a total supply of 589.6 trillion tokens. If SHIB reaches a price of $1 with this supply, it should have a market capitalization of $589.6 trillion. In this sense, it would become the most valuable asset on the planet, surpassing the capitalization of Apple by about 235 times.
For instance, digital asset specialist Telegaon has outlined a scenario in which Shiba Inu could surpass $5 by 2050.
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.
And after Shiba Inu fell 60% from its high, many investors are hoping for a repeat performance. In fact, some Shiba supporters are forecasting a token price of $1 by 2025.
According to TechNewsLeader's Shiba Inu coin price prediction for 2030, the token is expected to rise to an average price of about $0.00029591 by the end of 2030, representing an increase of over 2,500% at the time of writing.
Shiba Inu is one of the potential crypto to explode in 2023. Don't forget that Shib's price action has a lot to do with the performance of the broader crypto market. As such, if Bitcoin slows down in 2023, then Shib could either correct in 2023 or make marginal gains compared to its previous moves.
Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by the end of 2023 and rise to a further $0.0002 by 2025. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2023 trading at $0.00017 before rising to $0.0017 by December 2025.
Shiba Inu price prediction May 2025: Shiba Inu's price for May 2025 according to our analysis should range between $0.000056 to $0.000065 and the average price of SHIB should be around $0.00006.
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.
It is also important to note that shiba inu has no intrinsic value. It may seem valuable, considering its market cap, but its value is only entertainment-based. Keeping this in mind, it would not be wise to invest too much of your money in shib.
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.
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.
Will Shiba ever reach 0.1 cent? End of 2022: Shiba Inu remains one of the most popular meme coins on the market, and its growing community is still a central plus point. With SHIB becoming more widely adopted, we expect to see it push to the $0.000012 price point by the end of 2022.
If Shiba Inu were ever to reach $1 per token, this would mean that the cryptocurrency network's entire market value would be a whopping $549 trillion. That's more than the amount of total global wealth, as estimated by consulting firm McKinsey & Co. Clearly, this aspirational price target is all but impossible.
Will Shiba Inu (SHIB) coin reach a 50 cents price in the future? The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either.