Shiba Inu can be used as a currency, but since it's built on Ethereum, it often has slow processing times and high fees.
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. While there are potential catalysts that could trigger a solid bullish run for the meme cryptocurrency, hitting that ambitious target price is virtually impossible.
The current Shiba Inu price is $0.000007169, down 91% from its ATH. According to our Shiba Inu price prediction, the price will reach an average price of $0.00001038 by the end of 2023.
Holders of Shiba Inu (SHIB) can pay for goods and services on all BitPay supported brands, including the popular e-commerce platform Amazon.
Shiba Inu (SHIB) can now be used to pay for Netflix and Spotify monthly subscriptions thanks to payment gateway NOWPayments' recurring invoicing tool. Businesses that also run subscription services can now allow their clients to pay for subscriptions in SHIB with the tool.
Technology giant Google has announced a partnership with Coinbase to let Google Cloud customers pay for services in 10 cryptocurrencies. This includes top cryptos like Bitcoin (BTC) and Ethereum (ETH), but also both popular dog-themed tokens Dogecoin (DOGE) & Shiba Inu (SHIB).
Our most recent Shiba Inu price forecast indicates that its value will increase by 7.21% and reach $0.08390322 by July 28, 2023.
The coin's low price and high circulating supply make it an attractive investment for those looking to diversify their portfolio. However, it is important to remember that investing in meme coins like SHIB is a high-risk, high-reward venture, and investors should only invest what they can afford to lose.
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.
It would take SHIB 19 years to reach 1 Cent if its coins were burned at a rate of 50% per year during the next 20 years. This presupposes Shib will carry out the expansion plans described below.
Ethereum (ETH) – Overall The Best Next Cryptocurrency to Explode in 2023. Ripple (XRP) – Next Crypto To Explode With 10X Growth Potential in 2023. ApeCoin (APE) – Top Pick for the Most Promising Altcoin To Explode. Binance Coin (BNB) – Next Crypto to Explode Among Exchange Based Coins.
To reach 1 cent, Shiba Inu will have to rise 1,266x. At 1 cent, Shiba Inu's market cap would be worth around 5.9 trillion. If SHIB were to grow at the rate of 25% every year, it would take Shiba Inu about 40 years to reach 1 cent. But that is only a theoretical possibility, which is impractical in reality.
Is Shiba Inu a Risky Investment? It may appear valuable given its market cap, but it's worth is purely speculative. Keeping this in mind, it is not a good idea to put too much money into shib. Shiba inu cryptocurrency can help you make a quick buck, but it is not a long-term investment.
Shiba Inu burn rate and coin burn schedule
There is no formal schedule for burning SHIB. However, the Shib community has remained consistent, averaging about 21 burns a day, at slightly over a quarter million tokens, as of March 2023.
We anticipate that Shiba Inu's share of this market will result in gains for the coin. We predict that the SHIB price will rise to $0.000036 in 2023.
This brings to the fact that despite the useful use cases, the near-550 trillion total supply, and a market cap well above $19 billion, Shiba Inu remains a speculative crypto asset, though with a deflationary lineage. Therefore, DYOR before trading or investing in this high-risk asset.
If the impact of the last halving is anything to go by, Shiba (SHIB) could easily rally to over $0.01 in 2024. That's because, at this point, its fundamentals will be much better than when it first pumped in 2020.
Shiba Inu Price Prediction 2023-2024
The rally could gain some bullish momentum in the coming days and rise above the consolidation. By the end of the year, the SHIB price could trade above $0.00001, around $0.000012 to $0.00000125. After an ascending close, the SHIB price could start the 2024 trade on a bullish note.
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.
For a price of $11,000, investors get to accumulate 1,031,894,934 tokens (1 billion SHIB tokens). Therefore, the 1 billion SHIB tokens could turn to $10,318,949 ($10 million) when Shiba Inu reaches $0.01. In conclusion, an investment of $11,000 today when Shiba Inu is at $0.00001066 can get you 1 billion SHIB tokens.
You can buy SHIBA INU on Coinbase with an approved payment method, including a bank account, a debit card, or you can initiate a wire transfer.
Shiba Inu payments may now be available to more users in 179 countries as Edge now supports the BitPay Protocol. Edge is a noncustodial wallet where customers can buy, sell, trade and spend over 130 digital assets. It supports over 1.7 million accounts in ten languages across 179 countries.
The total supply of a cryptocurrency refers to the total number of coins that will ever exist, and for Shiba Inu, this is set at 1 quadrillion coins, The Shiba coin total supply is important because it can impact its scarcity and, ultimately, its value.