Musk even owns a Shiba Inu dog named Floki, inspiring a crypto called Floki that has a market capitalization of more than $290 million. Seriously.
Musk does not own Shiba Inu tokens and confirmed it by answering a question posed by a SHIB investor on Twitter.
Elon Musk changes Twitter logo: Elon Musk's penchant for Japanese dog breed Shiba Inu is well known, and the imprints of his liking can also be seen on Twitter. The CEO of the social media site on Monday changed the famous bird logo of the Twitter home page to a Shiba Inu.
Theoretically, as tokens are burned, Shiba Inu's price will increase in equal proportion. For Shiba Inu to rise to $1 from here purely through the burn mechanism, the community would have to eliminate 99.9998% of the tokens currently in circulation, bringing the total down from 589.3 trillion to just 6 billion.
Shiba Inu is a decentralized cryptocurrency that is not controlled by any central authority or organization, so it is not possible to track ownership in the same way as traditional assets. Shiba Inu is an alternative cryptocurrency that was launched in 2021 and is based on the Ethereum blockchain.
Considering its historical movements and network developments, Shiba Inu indeed has the potential to increase its price and even make a careful investor a millionaire, although it might be a long way before it reached the likes of Bitcoin and Ethereum (ETH) in value per unit.
Price Prediction of 2030
Even further into the future, our Shiba Inu pricing projection for 2030 considers adoption by renowned companies. Considering all that, our Shiba coin price forecast predicts that the token may be worth $0.0002 by the end of 2023.
Can Shiba Hit 10 Cents? As per Shiba Inu price forecasts, SHIB will not hit 10 cents within the next 10 years.
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.
Elon Musk said multiple times during a BBC interview that his dog is Twitter's CEO. Musk said that his Shiba Inu, Floki, is the one in charge of the company. He also said he dresses his dog in a black turtleneck, like Elizabeth Holmes, the Theranos founder.
Shiba Inu has amazing potential over the next few years as acceptance for cryptocurrency increases. Our market forecast indicates that by 2030, SHIB could reach a new all-time high of $0.0001.
Elon Musk welcomes cute Shiba Inu puppy in family, names it Floki.
When he started tweeting his Shiba Inu puppy's pictures, investors thought he was hinting at owning the crypto Shiba Inu. As a result, the price of Shiba Inu increased following his tweets. However, he later revealed that he does not own Shiba Inu and has only invested in three cryptocurrencies.
Back in July 2021, Tesla CEO Elon Musk confirmed publicly during a conference that he owns a few cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin, but he has repeatedly favoured the latter in interviews and posts on social media.
Elon Musk and Dogecoin
Musk's first Dogecoin-related tweet occurred on December 20, 2020. Musk tweeted "One Word: Doge". Shortly after, the value of Dogecoin rose by 20%.
In fact, you can buy about 4.8 million Shiba Inu coins worth a $100 investment. If you decide to hold onto the coins for the long term and SHIB tests a new all-time high of $1 someday, we all know what the sum of that new price and number of coins would make you.
DigitalCoinPrice's Shiba Inu forecast for 2030 saw the token rising to an average price of about $0.00011, a rise of more than 900% and more than the token's current all-time high.
With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. The overall market cap of Shiba Inu has been fluctuating around $6 billion for the last couple of weeks.
At that pace, it would take more than 7,100 years to achieve the goal. On a positive note, that's a little sooner than one of my previous predictions of more than 10,000 years. But the bottom line is this: Not only will Shiba Inu fail to reach $1 in 2023, but it's also unlikely to get there in our lifetime.
Key Points. Shiba Inu rose to popularity during the meme-stock craze in the summer of 2021, but this enthusiasm has largely faded. It possesses no real competitive advantages. The crypto does have some catalysts that could boost its price, but investors should stay away.
Shiba inu coin price prediction 2050
The year 2050 can end with an average price $5.20 with the minimum price value of shiba inu coin be around $4. Along with Shiba inu coin, many cryptos can hit their new all time high this year. The maximum price is expected to be trading around $6.80.
Therefore, on average, you can expect the SHIB price to be around US$0.00024 in 2030.