That means Shiba Inu’s market cap would be $589.7 trillion! That is 6.3 times the global gross domestic product. But, of course, reaching that number is virtually impossible for SHIB; therefore, Shiba Inu will never reach $1.
Will a Shiba ever hit 1 dollar?
A $1 price target is virtually impossible, because it would mean that Shiba Inu’s market cap exceeds total global wealth. Smart investors would be better off putting their money into more promising digital assets, like Ethereum or Cardano.
Can a Shiba Inu hit 1 cent?
Coin burns could help Shiba Inu. But to bring supply down to even 999 billion tokens, you would have to burn 99% of today’s supply. All of this means it doesn’t look like Shiba Inu is heading for one cent anytime soon.
How much will I have if Shiba hits 1 cent?
However, a per token price of $0.01 would imply a market cap in the trillions of dollars. If Shiba Inu were to reach a penny, the cryptocurrency would be worth multiples more than Bitcoin. Because of the massive amount of capital required for SHIB to reach a penny, it’s highly unlikely this will happen.
How high Shiba Inu can go?
What will Shiba be worth in 5 years?
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Can Shiba Inu reach 0. 01 cent?
Can Shiba Inu reach 1 cent? Yes, Shiba Inu price can reach 1 cent in 8.5 years if the crypto rises at an average annual rate of 50% and the community can burn 50% of the coins in circulation every year.
Will Shiba burn trillions?
Well, the answer is no. No one from the Shiba Inu team has confirmed that Shibarium will ‘burn’ tokens, let alone ‘burn’ trillions each year. The lead developer of ShibaSwap, Shytoshi Kusama has also not forecasted such a ‘burn’ event might take place with Shibarium.
How much Shiba do I need to become a millionaire?
Just like the Elon Musk tweet had surged the market price of the Shiba Inu coin to rise high. Elon Musk in another tweet said that in order to be a millionaire you need 3 million Shiba Inu coins.
Many investors are asking the question “will shiba inu coin reach $1” so according to the above explanation, Yes. Now can plan for investing on the Shiba inu platform because cryptocurrency experts are saying that it has a good future.
How much Shiba do I need to become a millionaire?
Just like the Elon Musk tweet had surged the market price of the Shiba Inu coin to rise high. Elon Musk in another tweet said that in order to be a millionaire you need 3 million Shiba Inu coins.
Does Shiba coin have a future?
Will Shiba Inu keep rising?
Should I buy Shiba Inu coin now?
It may seem valuable, considering its market cap, but its value is only entertainment-based. Keeping this in mind, it would not be wise to invest too much of your money in shib. The shiba inu crypto may help you make a quick buck, but it is not a reliable long-term investment.
