Will Shiba Inu Coin Reach 50 Cents?

One of the most recent cryptocurrencies, SHIB, has a sizable community of users. Shiba Inu (SHIB) cryptocurrency is frequently mentioned in articles, YouTube videos, and forum discussions as having the potential to reach a value of $0.50.

Unfortunately, their assertions are perilous for us, the retail investors, in addition to being false. We’ll explain why SHIB will never reach 50 cents in this essay.

Shiba Inu (SHIB) will never hit $0.50 or 50 cents since doing so would be logically and fiscally nonsensical. Even with all the money in the world, SHIB’s price cannot be raised to 50 cents.

At a $0.50 valuation, the total market cap of SHIB will be $274 Trillion, which is 14 times of US GDP, 3.5 times of World GDP, 274 times more than Bitcoin, 550 times more than Ethereum, 137 times more than Apple (AAPL), and 274 times more than Tesla (TSLA) market cap.

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What is Shiba Inu?

Launched in August of 2020, Shiba Inu A play on the Dogecoin (DOGE) meme, which is a spoof of the cryptocurrency industry, is what the so-called meme coin is. Shiba Inu-themed coins have grown in popularity as investors search for the next cryptocurrency to invest in that will be a multi-bagger.

Shiba Inu’s native token, SHIB, is an ERC-20 token and the platform is built on the Ethereum (ETH) network.

Shiba Inu had an initial quantity of 1 quadrillion tokens, according to its website. Half of the total supply was sent to Vitalik Buterin, the co-founder of Ethereum, “for protection,” while the other half was locked up in the Ethereum-based DEX Uniswap.

Buterin gave the Indian Covid-19 relief fund 50 trillion trillion SHIB coins, or 5% of its total supply, in July 2021. Additionally, according to Shiba Inu’s website, Buterin burned 40% of the total amount of Shiba Inu’s supply in a “dead wallet.”

The project has developed into an ecosystem that includes the LEASH and BONE tokens from the SHIB decentralized meme token. The Shiba Inu network also includes the ShibaSwap DEX and the Shiba Incubator NFT incubator.

Shiba Inu has also founded the Shiba Inu Rescue Association, a non-profit volunteer group devoted to helping abandoned, mistreated, and abused Shiba Inu dogs.

Is Shiba Inu a Good Investment?

Shiba Inu has been a profitable investment since since the price of SHIB began to soar in October 2021. The quantity of tokens in circulation, however, has been a significant issue for SHIB. Despite burning billions of tokens, the price of SHIB has not significantly increased since it reached its all-time high in October 2021. There are currently about 549,063.28 billion SHIB tokens in use, and according to our calculations, 99.9% of these tokens must be burnt for SHIB to reach $1.

Although the market situation is worrying right now, it is the same for both the cryptocurrency market and the stock market. As a result of the rising inflation, investors have sold their holdings in order to cover their expenses. Added to it the recent fiasco related to LUNA has created a sort of fear among crypto investors. Therefore, Shiba Inu could be a good investment as in the past we have seen its potential to grow but it is always advisable to make in-depth research before making a financial investment.

Shiba Inu Price Forecast Long Term Outlook – 2025 Prediction

By extrapolating the Shib Inu coin price forecast to 2025, we project the virtual currency to compete with the $0.0001 price point. Regardless matter what occurs in the short term, crypto experts concur that coin prices will rise over the long run. Shiba Inu, one of the most popular coins on the market, will undoubtedly profit from the price increase.

SHIB’s pricing should also increase due to additional use cases like its incorporation into Shibaswap and its use in the Shibaverse. So it seems sense to aim at $0.0001 by 2025.

In the event of market consolidation, Shiba Inu could suffer a retrace to a much lower price prediction making this an entirely open competition.

The Shiba Inu team is creating compelling use cases to support the expansion of its ecosystem in an effort to diverge from the social media course on which it has been operating.

Its expanding business use cases for various companies make this clear to see. Recent news from well-known fraud-proof payment network Flexa demonstrates the meme coin’s determination to deviate from convention.

Its integration into the Flexa Network would see SHIB token holders able to spend their digital assets across more than 41,000 locations both in the US and Canada.

This way, Shiba Inu could be used to foster rapid transaction settlements. Flexa is not the only one making a move as there are over 600 businesses that have plugged into the Shiba Inu ecosystem. Prominent names like GameStop, GiftChill, Whole Foods, Nordstrom, and several others are enabling payments with the SHIB tokens.

What Does the Future Hold for Shiba Inu?

Lead Shiba Inu developer Shytoshi Kusama expressed optimistic about the network’s viability in the future. Shiba Inu’s layer-two network, known as Shibarium, is progressing as planned and “going as fast as we can,” according to Kusama on July 6, 2022.

When using Shiba Inu-based decentralized applications on the Ethereum network, users will be able to avoid costly gas prices thanks to Shibarium.

Kusama announced the impending release of TREAT, a new token for the Shiba Inu ecosystem that will be used as a reward token for its metaverse and games. Kusama added that the projected launching date for SHI, a stable coin, is 2022.

Conclusion

Shiba Inu Coin is unlikely to ever reach 50 cents given the burn rate requirements, the expected market cap for such a price, and the fierce rivalry among cryptocurrencies.