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.
However, Shiba Inu coin has a limited supply, a standing total of one quadrillion tokens. Although this is a huge number that can easily accommodate an army of investors, it is still a finite number, which may help spark speculation in the future.
Shiba Inu will have to rise 1111 times from the current price to reach 1 cent. SHIB can reach 1 cent in 31 years assuming 50% burn and implementing current development plans.
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.
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.
A $1 price target isn't likely
If SHIB were to hit $1 by the end of 2023, this would imply a gargantuan return of nearly 12,000,000%. And at $1, Shiba Inu's market cap, assuming there are the same number of tokens outstanding, would total a whopping $549 trillion.
Based on Shiba Inu's historical price performance, it is assumed that in 2023, the minimum price of Shiba INU may be around $0.0000118. The maximum expected SHIB price may be about $0.0000141. On average, the trading price may be around $0.0000122. From current prices, this would be over 30% ROI.
That means roughly 589 trillion would have to be burned. The 2022 numbers are officially in, and the community only succeeded in eliminating 83 billion tokens for the year. At that pace, it would take more than 7,100 years to achieve the goal.
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.
For instance, digital asset specialist Telegaon has outlined a scenario in which Shiba Inu could surpass $5 by 2050.
If Shiba Inu were ever to reach $1 per token, this would mean that the cryptocurrency network's entire market value would be a whopping $549 trillion. That's more than the amount of total global wealth, as estimated by consulting firm McKinsey & Co. Clearly, this aspirational price target is all but impossible.
Currently, Shiba Inu has a total supply of 589.6 trillion tokens. If SHIB reaches a price of $1 with this supply, it should have a market capitalization of $589.6 trillion. In this sense, it would become the most valuable asset on the planet, surpassing the capitalization of Apple by about 235 times.
Can Shiba Hit 10 Cents? As per Shiba Inu price forecasts, SHIB will not hit 10 cents within the next 10 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.
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.
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 will most likely help drive up the demand for SHIB by a wide margin. It's the single most crucial factor that could see Shiba (SHIB) hit $1 by 2030. With the crypto market fully mature in 2030, and most of the get-rich-quick hype gone, SHIB could trade at $1, or thereabout, going into the 2040s.
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.
Shiba Inu will then rise slightly to $0.00125 in 2027 but will reach an average price of $0.00269 in 2030.
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.
For Shiba Inu (SHIB) to reach one cent, the cryptocurrency would have a market value of $5.5 trillion, given the number of coins in circulation stand at 550 trillion.
Shiba Inu price prediction May 2025: Shiba Inu's price for May 2025 according to our analysis should range between $0.000056 to $0.000065 and the average price of SHIB should be around $0.00006.
The Finder's Shiba Inu Price Predictions Report provides a dismal forecast for dog-themed meme coin Shiba Inu, with a third of respondents predicting SHIB hits zero this year while 60% forecast that it dies by 2025.
According to Shiba Burn Tracker, 83 billion Shiba Inu tokens have been burned throughout 2022.