Over the last 24 hours, the trading volume of SHIBA INU is $67.18M.
Despite experiencing a recent decline in its market value and a slight decrease in engagement, Shiba Inu continues to be a significant player in the realm of community-driven cryptocurrencies. Shiba Inu's success is anchored in its robust and dedicated community, which remains steadfast even during market downturns.
Shiba Inu (SHIB) addresses with at least $1 million worth of the asset now total over 1,200 in number, amid the recent market downturn.
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.
1, 2021, Shiba Inu tokens were trading hands at a price of $0.000000000077, and today they trade at about $0.00001114. That's a gain of 14,467,432%. In dollar terms, had you invested $100 on Jan. 1, 2021 and held on until today, you'd be sitting on an absolute fortune worth almost $14.5 million.
Returns From Shib: If $1,000 is invested now in Shiba Inu, it could fetch roughly 92 million of the crypto (based on Saturday's closing price of $0.00001087). And if the meme coin revisits its late-2021 high, that same amount could be worth $8,140.16, a neat return of 714%.
Binance becomes the biggest holder of Shiba Inu (SHIB).
The development comes after Binance made the highest and best bid to acquire the bankrupt cryptocurrency broker Voyager's assets for over $1 billion. As reported earlier by The Crypto Basic, Voyager Digital was holding total assets worth $579 Million.
Ironically, the largest holder of Shiba Inu is a dead wallet that contains the contents of Vitalik Buterin's Shiba Inu burn. Buterin is the co-founder of Ethereum and was gifted 50% of the total supply of Shiba Inu to market the coin.
According to shiba burn tracker, roughly over a quarter million SHIB is burned every day.
How much is 10000000 SHIBA INU in US Dollar? 10000000 SHIBA INU is 72.072021 US Dollar.
Shiba Inu (SHIB) Coin Price Prediction 2040
It is predicted that before 2040, half of the tokens will be burned, leading to potential growth and increased value. The expected average price by 2040 is estimated to be $0.056 if growth continues at its current rate.
To reach 1 cent, Shiba Inu would have to increase in price by a factor of 1111. Assuming a 50% burn rate and continuing with the current development plans, SHIB can reach $1 in 31 years.
Based on the above parameters,a$1.000 investment in SHIB made in 2023 would grow to$6.660 by 2050.In other words,the price of Shiba Inu would increase by 560%from$0.00001133 to 0.00007477.
A dad has explained how he became a millionaire in just six months after making a risky $8,000 bet on Shiba Inu. The former supermarket warehouse manager named Rob has been able to retire at the age of 35, after investing in the popular meme coin.
Shiba Inu: Mystery person becomes billionaire after buying £2,500 of new cryptocurrency. A cryptocurrency fan has become a billionaire after buying just £2,500 in Shiba Inu digital coins last August. The price of Shiba Inu hit a record high this week after tripling since Sunday.
1,208,838 Shiba Inus are listed as owners. This implies the commercial influence of these Shiba Inu millionaires.
The all-time high of Shiba Inu Pay is $0.0000000027.
Vitalik Buterin, the founder of Ethereum, had previously burned $7 billion worth of Shiba Inu Tokens on 16th of May, 2021. This is considered as one of the largest on-chain transactions ever.
Some growth targets for Bitcoin support the idea that Shiba Inu could reach a market cap of $1 trillion. Shiba Inu remains a highly speculative investment and should be approached with reasonable expectations.
To reach 1 cent, Shiba Inu will have to rise 1,149x. At 1 cent, Shiba Inu's market cap would be worth around 5.9 trillion. If SHIB were to grow at the rate of 25% every year, it would take Shiba Inu about 40 years to reach 1 cent. But that is only a theoretical possibility, which is impractical in reality.
500 US Dollar is 76219932 SHIBA INU.
So, you've converted 500 US Dollar to 76219932 SHIBA INU. We used 0.00000656 International Currency Exchange Rate. We added the most popular Currencies and CryptoCurrencies for our Calculator.
100 US Dollar is 11544148 SHIBA INU.