Burning Shiba Inu to $1 is over 25 years away Shiba Inu only has a market cap of $5.7 billion, so burning would need to continue for a few more years until there were just a few billion tokens left.
Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. It could happen if enough SHIB token is burnt. Burning the SHIB token is a way to reduce the total supply. So far, more than 410 trillion SHIB tokens have been burnt, most of that is due to Vitalik Buterin.
Shiba Burn Tracker made the estimation based on the rate of Shiba Inu burning in September, some 1.75 billion SHIB tokens destroyed. To take the burn wallet amount from 410.4 trillion to 900 trillion – or 90% of the initial supply – would take a further 25,269 years.
Shiba Inu certainly can burn its way to $0.001. The path to achieving the goal is strikingly simple.
However, the coin's massive circulating supply makes it impossible for the token price to ever reach $1 or even one cent!
So, it's hard to justify a major increase from that perspective. Now, let's look at the math perspective. Today, if Shiba Inu tokens were worth one cent, the cryptocurrency would boast a market value of $5.4 trillion. That's five times more than the entire cryptocurrency market.
A new burning portal could enable 111 trillion Shiba Inu tokens to be burned each year. It's highly unlikely, though, that enough tokens will be burned to push SHIB's price to $0.01. However, the laws of supply and demand tell us that Shiba Inu's price should increase with significant burning.
According to Shiba Burn Tracker, it would take 25 years to burn 90% of the original SHIB supply based on the burn volume in September. But even then Shiba Inu might not be worth $1. Burning 90% of the original supply would leave $100 trillion SHIB tokens in circulation.
How Many SHIB Coins Are Left? SHIB started with a supply of 1 quadrillion, in which 50% was locked in Uniswap, while the other half was burned to Ethereum co-founder Vitalik Buterin. Currently, there are 497 trillion SHIB tokens (not coins) in circulation, with a total supply of 1 quadrillion.
According to Shiba Burn Tracker, 83 billion Shiba Inu tokens have been burned throughout 2022.
Shiba Inu Price Prediction 2024
After the analysis of the prices of Shiba Inu in previous years, it is assumed that in 2023, the minimum price of Shiba Inu will be around $0.0000163184. The maximum expected SHIB price may be around $0.000020068. On average, the trading price might be $0.0000169283 in 2023.
Can Shiba Hit 10 Cents? As per Shiba Inu price forecasts, SHIB will not hit 10 cents within the next 10 years.
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.
This could also be an opportunity for investors to accumulate SHIB ahead of 2024 when the next Bitcoin halving takes place. If the impact of the last halving is anything to go by, Shiba (SHIB) could easily rally to over $0.01 in 2024.
Yes, Shiba Inu can reach half a cent by 2047. Shiba Inu can reach 1 if it rises 1069 times from its current price. Assuming 50% of supply is burnt, SHIB can reach 1 penny in the next 31 years.
End of 2025: With Shiba Inu's developers still working on their Metaverse and decentralized exchange, and Shiba Inu's community expected to grow even further, we estimate that the SHIB price could cross $0.0001 by the end of 2025.
Shiba Inu is one of the most popular cryptocurrencies and is widely adopted at this point. With supply continually going down, and demand on the rise, Shiba Inu is likely to test the $0.001 mark in 2030 for the first time since it was launched.
For Shiba Inu to reach 1 cent, the market cap of SHIB would be around $5.5 trillion. This valuation is almost the same as the total US budget for the year 2022. Shiba Inu is never likely to reach 1 cent, especially in the current market dynamics.
The conversion value for 50 USD to 5694760.821 SHIB. BeInCrypto is currently using the following exchange rate 113895.217. You can convert USD to other currencies like ETH, USDT or ADA. We updated our exchange rates on 2023/01/09 08:10.
No, Shiba Inu will not reach 1 cent by 2030. The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin.
By 2025, our price prediction forecasts that Shiba Inu (SHIB) could be worth $0.000043.
For instance, digital asset specialist Telegaon has outlined a scenario in which Shiba Inu could surpass $5 by 2050.
Most analysts believe that Shiba Inu could rebound in 2023 alongside the rest of the cryptocurrency market. If this happens, most analysts expect Shiba Inu to trade at an average price of $0.00004 in 2023. In the long term, analysts expect Shiba Inu to hit a high of $0.01 in 2025 if there is another major rally.
The average predicted price of Shiba Inu in 2025 is US$0.000726. The Shiba Inu price dynamics have been crazy last year. The SHIB coin skyrocketed in May in a very short period of time. However, it didn't succeed at keeping its position.
We do not recommend investing money you cannot afford to lose. The founder of the SHIB burn shop, whose burn tools include an Amazon affiliate program, has tweeted that the Shiba Inu army could easily burn 1.3 billion meme coins per day via his platform.