Will Shiba Inu reach 1 Dollar in 2030? Yes, Shiba Inu Will Reach $1

Will Shiba Inu reach 1 dollar in 2030? It would take SHIB 22 years to reach $1 if SHIB rises 30% a year and also burns 2-3% of the supply every year. If 50% of the token is burnt every year and Shiba Inu rises 30% every year, then Shiba Inu will reach $1 in 22 years from now.

Latest Shiba Inu Price

The current price of Shiba Inu is $0.00001213 which is 2.95% lower than the last 24 hours ago. The current market cap of Shiba Inu is $6.68.

Will Shiba Inu reach 1 dollar? Some Statistical Scenarios

Shib rose from 0.000000053 on April 1st, 2022 to 0.00001134 today. That is 213 times higher in just 18 months. This massive rise gives people the confidence to dream bigger. One critical question SHIB investors have been asking us is if Shiba Inu Crypto could reach the $1 level.

Price as of August 9th	$0.000012
How many times will the price have to rise to become $1?	84,000
Market Cap as of August 9th	$6.68 B
If SHIB were to rise 30% a year, how many years will it take to reach $1?	44 Years
If SHIB were to rise 30% a year and also Burn 50% of the Coins	22 Years

Will Shiba Inu Coin reach $1? What are the chances and Barriers?

There are many barriers to why Shiba Inu will struggle to reach $1

• Competition: There are 17000 cryptocurrencies and perhaps 10-50 of them that are quite differentiated. Shiba Inu which started as a meme coin is now attempting to offer almost everything (Payments, DAO, Metaverse, Layer-2 Blockchain, DeFi etc). The problem with this strategy is that the best-performing coins are those that are heavily differentiated. A generalist coin will find it difficult to add value. Also, from a portfolio perspective, makes sense to diversify positions across multiple areas
• Impossible to execute burn beyond a level: Practically speaking, it is unlikely so many coins will be ever burnt. Burning 50% or 99.9999% is impossible for a variety of reasons. Foremost amongst them is a simple fact that not all investors would be seeking abnormal returns. Some would be happy with much lower returns and would not be keen on burning their coins
• Whales: Shib price in the past has been mostly driven by the Whales. The Whales have come to the rescue of Shiba on many occasions. This time, the whales seem to have deserted Shib and allowed to price of SHIB to free fall. However, one data shows that SHIB is the biggest altcoin or the favorite altcoin among the ETH whales.
• YTD Performance: Crypto market is down and almost all the cryptos are lower and this has been the case since January 2022.

That said, even without a burn, Shiba Inu’s price may increase much more than 14 times over the next 8 years.

Will Shiba Inu reach 50 cents?

Can Shiba Inu reach 1 Dollar? Some Statistical Oddities

• Apple’s Market Cap Today is $2.48 Trillion. This is the highest for any company today. 20 years ago, Apple’s market cap was almost the same as Shiba Inu’s is today.
• It took Ethereum 4 years to increase its Market Cap from 5 Billion (same as Shiba Inu today) to $ 500 Billion but the market cap fell from its peak and it is at $183 Billion Today

Read Shiba Inu Price Prediction here

Can Shiba Inu reach 1 dollar in 2030? The Burn Scenario

To reach $1, Shiba Inu will have to increase 84,818 times from the current price. This is not impossible and there are many ways in which Shiba Inu Coin can reach $1.

• A significant number of Tokens will have to be burnt so that the price of each coin increases.
  • For example, there are 549 Trillion coins in circulation today and if we were to burn 99.9999% of all the coins, the price would be $1.15.
• Another way to look at it is the current forecasted price for 2020 is 0.00016, which translates to a market cap of $ 88 Billion. Shib will have to burn 99.999% of all the coins.

The burn can be lower if many of Shib’s plans like Metaverse, Shib Swap, and Payment partnerships all take off and consume a lot of these tokens.

Will Shiba Inu reach 1 dollar? Shiba Inu’s Performance In 2022

Shiba Inu along with all the cryptocurrencies is trading much lower than its January 1st week value. Shiba Inu has lost over 70% of its value since then. Here is how Shiba Inu has performed in 2022:

Shiba Inu was trading at over $0.000030 on the first day of January 2022. However, by the end of the first week of January 2022, Shiba Inu’s price went below $0.000030. For the rest part of the month, the price of Shiba Inu kept hovering between $0.000030 and below $0.000030. However, in the last week of January 2022, SHIB lost its momentum, and the price of Shib reached a point of crashing below $0.000020.

The month of February 2022 remained the same as January for Shiba Inu. There was no improvement in the price of Shiba Inu and the price of Shib remained below $0.000030. However, the Shib army was able to keep the price of Shiba Inu at over $0.000020.

March remained a dull month for Shiba Inu. After the Russia-Ukraine conflict, almost all the cryptocurrencies were trading lower. For Shiba Inu, the price went below $0.000025. Throughout the month of February, Shiba Inu’s price remained between $0.000020 and $0.000025.

The Shiba Inu holders had been waiting for Shiba Inu to be listed on Robinhood. On April 12th Shiba Inu was listed on the Robinhood exchange. However, the expectation of the price of Shiba Inu to skyrocket fell flat. Shiba Inu failed to breach $0.000030 even after the Robinhood listing. By the end of April 2022, Shiba Inu was almost on the verge of sliding below $0.000020.

The month of May turned out to be worse for Shiba Inu investors. The price of Shib crashed below $0.000020 and for the rest part of the month, Shib’s price remained below $0.000020.

In June, Shiba Inu’s price went below $0.000010 and one more “0” was added to the price of Shiba Inu. With Shiba Inu’s price crashing below $0.000010, many believed that Shiba Inu was dead now. However, since then there has been a marginal surge in the price of Shiba Inu. The price of Shib is now over $0.000010 but the fear of crashing below $0.000010 remains high.

Will Shiba Inu reach 1 cent?