That means roughly 589 trillion would have to be burned. The 2022 numbers are officially in, and the community only succeeded in eliminating 83 billion tokens for the year. At that pace, it would take more than 7,100 years to achieve the goal.
In order to reach a price of $1 per token, Shiba Inu would need to rally more than 12,400,000% from its current token price.
Theoretically, as tokens are burned, Shiba Inu's price will increase in equal proportion. For Shiba Inu to rise to $1 from here purely through the burn mechanism, the community would have to eliminate 99.9998% of the tokens currently in circulation, bringing the total down from 589.3 trillion to just 6 billion.
To reach 1 cent, Shiba Inu would have to increase in price by a factor of 1111. Assuming a 50% burn rate and continuing with the current development plans, SHIB can reach $1 in 31 years.
But how many tokens need to be burned to generate a price of $1? All else equal, shrinking the supply to 7.5 billion tokens would theoretically result in a price of $1, based on Shiba Inu's current value of $7.5 billion.
As of 22 July, 2022, the circulating supply of SHIB is about 549 trillion, with its maximum supply over 1,000 times that number. SHIB price stands at $0.000012 per token.
According to the $SHIB development team, Shibarium's burning mechanism is projected to incinerate a staggering 5 trillion tokens every month. In the month of June, 1 billion $SHIB were burnt, as reported by Shibburn.
10000000 SHIBA INU is 81.650831 US Dollar.
So, you've converted 10000000 SHIBA INU to 81.650831 US Dollar. We used 122473 International Currency Exchange Rate. We added the most popular Currencies and CryptoCurrencies for our Calculator. You can convert SHIBA INU to other currencies from the drop down list.
The significant increase in Shiba Inu's burn rate has led to optimistic market behavior, as evidenced by its rising price and trading volume. The token's performance seems to respond positively to the token burning strategy, a trend that, if sustained, could contribute to SHIB's long-term value.
No, Shiba Inu will not be able to reach $1 by 2030. The number of Tokens in circulation is quite large and no amount of use cases will support a price of $1.
Investing $100 in SHIB: A $100 investment in Shiba Inu today could purchase 7,390,983 coins based on the current price of $0.00001353 at the time of writing. If Shiba Inu gets back to its all-time high of $0.00008845, the $100 investment would turn into $653.53, marking a return of 553.7%.
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.
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. The founder of Shiba Inu, Ryoshi's Medium posts, 'I am not important, and one day I will be gone without notice.
The expected average price by 2040 is estimated to be $0.056 if growth continues at its current rate. Additionally, experts anticipate that Shiba Inu Coin has great long-term potential with a maximum price prediction of $0.0856 in 2040.
While it is technically possible for Shiba Inu to reach $5 by 2050, the odds are very long. Burn projects require people to willingly throw money away, and that makes for a poor investment thesis. For that reason, if you're looking to cash in on cryptocurrency, I think there are better cryptocurrencies to buy.
Therefore, combining the criteria of quality of investment, growth required, and market cap at 1 cent, it is impossible for Shiba Inu coin to reach 1 cent.
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.
On the other hand, Shib Burn Tracker also projected that for Shiba Inu to reach $1, it would take 25 years to burn 90% of the original SHIB supply based on the burn volume in September. But burning 90% of the original circulation would leave 100 trillion SHIB tokens remaining in supply.
Current value of 2000000 SHIB in USD is 16.79 USD
This is the real-time data fetched from our partnered price aggregators. At the moment, you are looking at the conversion of 2000000 SHIB when 1 SHIB is valued at 0.0000084 USD.
The price of 100000000 Shiba Inu in the US is 790.64 USD. Additionally, Shiba Inu's price for 100000000 SHIB is 710.64 EUR in the eurozone, 608.96 GBP in the UK, 1,041.35 CAD in Canada, 1,160.28 AUD in Australia, 64,762 INR in India, 1.01M KRW in South Korea, and 677.60 CHF in Switzerland.
20000000 SHIBA INU is 154.099181 US Dollar.
So, you've converted 20000000 SHIBA INU to 154.099181 US Dollar. We used 129787 International Currency Exchange Rate. We added the most popular Currencies and CryptoCurrencies for our Calculator.