Is
Is Shiba Inu a Risky Investment? It may appear valuable given its market cap, but it's worth is purely speculative. Keeping this in mind, it is not a good idea to put too much money into shib. Shiba inu cryptocurrency can help you make a quick buck, but it is not a long-term investment.
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.
No, Shiba Inu won't reach $1 in 2023. It's highly unlikely to hit $0.01. However, it is possible that Shiba Inu could still move much higher in the coming months. That aforementioned launch of Shibarium certainly could spark increased interest in Shiba Inu.
However, Shiba Inu's status as a long-term investment has always been questioned. The token is widely considered a memecoin with near-zero utility and is seen by many as nothing more than a speculative asset. As such, Shiba Inu long-term price predictions are few and far between.
All of this means Shiba Inu isn't the best choice for a "make-me-a-millionaire" portfolio. Instead, you're better off investing in a variety of solid stocks and strong cryptocurrencies that stand out from the crowd. Even this won't guarantee millions.
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. But believe it or not, that's after Shiba Inu tokens plunged in value by 87%.
In order to reach a price of $1 per token, Shiba Inu would need to rally more than 12,400,000% from its current token price. While there are potential catalysts that could trigger a solid bullish run for the meme cryptocurrency, hitting that ambitious target price is virtually impossible.
Given the ongoing battle between bulls and bears, combined with the project's extremely high token supply, it's unlikely that Shiba Inu will ever hit the $1 region – unless there is a massive change in its tokenomics.
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 $4 billion for the last couple of weeks.
BTC has been the most profitable cryptocurrency to invest in for its early investors. The idea of blockchain technology was mainly unknown to most people in the early days of Bitcoin's inception in 2009, and mining Bitcoin was simple.
Dogetti - Dog-themed Meme Coin With a Mafia Touch
But instead of blindly copying this popular trope, its developers have created a unique identity - Mafia dogs. Dogetti may be a new project, but it has many potential benefits. First, this meme coin is one of the few projects concerned with rewarding users.
To secure a $1 million return if Shiba Inu hits $0.01, you would need to buy $878 worth of SHIB. At the current price, if you purchase Shiba Inu right now with $878, you would get 100 million SHIB tokens. If these 100 million tokens are HODLed until the asset hits $0.01, the tokens would be worth a massive $1 million.
If you want to buy a few coins for fun, go ahead. But you should not invest heavily into shib since it may be worth little, if anything at all, in the future. Remember how significantly shiba inu's price fell in late 2021.
Shiba Inus are not the easiest of dogs to please. They can be quite stubborn and refuse to do anything that they don't feel like doing at the moment. This trait can make walking, or pottying your Shiba quite an ordeal.
How much is 10000000 SHIBA INU in US Dollar? 10000000 SHIBA INU is 72.072021 US Dollar.
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 $1 in 2023, but it's also unlikely to get there in our lifetime.
On top of that, all of the other best cryptos to buy in 2023 have ERC-20 tokens and run on the Ethereum blockchain. That's a significant vote of confidence in Ethereum and demonstrates that this remains the number one platform for development in the crypto world.
At the very top of the ChatGPT's list of cryptos that will explode in 2023 is AiDoge ($AI), a crypto that breaks all records when it comes to its presale.
If Shiba Inu were to, theoretically, surge to the $1-per-token level, that would imply a valuation of a little more than $589 trillion. And that would make Shiba Inu the most valuable asset globally by a wide margin. Just for context, global global gross domestic product was $96.5 trillion as of 2021.
Further, according to our analysis in the long term, Shiba Inu price prediction for December 2023 shows the average price of SHIB at $0.000012 and the highest possible price for December 2023 would be $0.000013.
A $100 investment one year ago would have gone a long way
In eliminating six zeroes, Shiba Inu delivered a historic gain of approximately 46,000,000% in a year. That was enough to make investors who'd put a little over $2 to work at midnight on Jan. 1 millionaires.
How Much Could You Be Worth If You Invested In Shiba Inu (SHIB) In 2020? If you had invested in Shiba Inu (SHIB) in August 2020, you would have nearly made over 4,293,000% return on your capital. A $1,000 investment in 2020 would be worth around $24,250,000 today.
To cash out Shiba Inu Coin, access your wallet or exchange account and simply choose the amount you'd like to sell. You'll have to agree to any fees that are assessed before the transaction is signed and completed, but once you've done that you'll have fiat ready to be transferred to your bank account.