How high can , The trend of the crypto market is currently up. We know top market exchange also interested to bringing shiba on their platform after seeing huge spike in community. As a result, basic logic dictates that the SHIB coin will never attain a value of $0.10 or 10 cents. *Average returns of all recommendations since inception. serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn ? They are also working on an Ethereum Layer-2 solution Shibarium and a Shiba Inu Metaverse. To get Shiba Inu (SHIB) to $0.10, the entire market value of SHIB must be $54.9 trillion multiplied by $0.10. By simple calculation, if the SHIB coin were to reach $1, that would mean that it has a market capitalization of $550 trillion. Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi. At the moment, no one believes that Shiba Inu will reach $10 in the near future, and certainly, no one believes it will reach $100 in our lifetime. SHIB is currently trading around $0.000023 with a market capitalization of nearly $15 billion. As weve shown, such a price level would imply a completely unrealistic market capitalization of $5.89 trillion for Shiba Inu. Dogecoin is a cryptocurrency that exists independently of Bitcoin. Shiba Inu's biggest catalyst yet may be days away. Assuming SHIB gains just 200 percent per month, the crypto could. Are You Bored with Shiba Inu? This is a big win for Shiba Inu and its investors. But many investors remain interested in the token and haven't lost hope in Shiba Inu's potential. Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. But we have to give credit where credit is due. The consent submitted will only be used for data processing originating from this website. Can Shiba Inu Reach $1? The FTX crash harmed the Shiba Inu coin at the beginning of November, and the Shiba Inu prediction became shaky. They are cumulatively holding $601 million worth of SHIB tokens. However, the SHIB burn could still contribute to making SHIB a good investment. Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. Shiba Inu is a decentralized cryptocurrency that was launched in August 2021. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. This could make Shiba Inu one of the leading cryptos to explode in 2023. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. So, should you buy Shiba Inu while it's trading well below $0.01? In August 2020, when Shiba Inu made its debut, it was one of thousands of nondescript tokens looking to make a name for itself in the digital currency space. Still, this cryptocurrency may be days away from its biggest moment ever. Shiba token manages continue its bull run in every market situation, whether it is bullish, bearish and neutral sentiment. As investors, we must be passionate about our investments. Shiba Inu (SHIB) will never hit $0.10 or 10 cents since it is not commercially viable. You might actually LOVE this Answer! //