The strong community of Token Holders wants to know if Shiba Inu can reach half a cent. While it is a symbolic target, it also shows the potential of the Token. Read our analysis in detail Shiba Inu Price Performance Can Shiba Inu Reach Half a Cent? Market Cap and Growth Requirements Yes, Shiba Inu can reach a price as high as $0.005, however, not anytime soon in the future. In order for Shiba Inu to reach half a cent, it would need to increase by a factor of 600. At $0.005, SHIB’s Market Cap will be $2.9 Trillion. If Shiba Inu were to grow at a rate of 25% each year, it would take about 28 years to reach half a cent. Let us evaluate this data Quality of Investment- Moderate Growth required to reach half a cent- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, it is 22000 times higher) Market Cap at $0.005- Partially Feasible Time required to reach half a cent if it were to rise at 25% per annum- Partially Feasible Considering the criteria Quality of Investment, growth required and time required, Shiba Inu has a low chance of reaching half a cent in the near future. Let us analyze it further: Consider a scenario when 99% of the tokens are burnt. Will Shiba Inu reach Half a Cent by 2030? No, Shiba Inu will not be able to reach half a cent by 2030. The number of Tokens in circulation is quite large and no amount of use cases will support a price of $0.005. However, should there be a substantial burn, say about 90-95%, this could become more realistic. Will Shiba Inu reach Half a Cent by 2025? No, Shiba Inu will not be able to reach half a cent by 2025. There is no scenario, not even burn that will enable this price target. The reasons are – the current price is quite low, the market cap is already $4.91 Billion and there are only 25 months for us to reach the end of the year 2025. Will Pepe Coin reach $1? or will Dogecoin reach $1? Will Shib Burn Help Reach Shiba Inu Half a Cent? Given the market cap of $2.9 Trillion at half a cent, only a burn program that would terminate 99% of the tokens would help Shiba Inu reach $0.005. The burning of a significant number of tokens is necessary to increase the price of each coin. For instance, if we burn 99.9999% of all the 589 trillion coins currently in circulation, the price would reach $1.15 The burn can be lower if many of Shib’s plans like Metaverse, Shib Swap, and Payment partnerships all take off and consume a lot of these tokens. However, none of these are practical scenarios. Will Shiba Inu reach Half a Cent in 2030? Favorable Reasons for Shiba Inu’s Growth While the probability of Shiba Inu Coin reaching $0.005 is low, there are many elements in favor of Shiba Inu Substantial Development Work Shiba Inu aims to move away from its meme coin status by introducing various projects: First of all, there is Shiba Eternity, which is a gaming project. Secondly, Shibaverse is a metaverse project. Thirdly, Shibarium is a layer-2 blockchain project. Fourthly, Shibaswap is a native DEX project. Fifthly, Shiboshis is an NFT collection project. In addition, Shiba Inu can be used for payments and partnerships, such as with Gucci, Tag Heuer, and AMC. Furthermore, burning tokens is another way to reduce circulation, and Shiba Inu is also stored by exchanges. Macroeconomic Factors To begin with, it’s worth noting that several macroeconomic factors can impact the performance of cryptocurrencies. One such factor is the decrease in crude oil prices, which has been observed in recent weeks. Historically, whenever there has been a surge in crude oil prices, the crypto market has tended to crash. This was evident in the first half of 2022 when the price of crude oil soared and had a clear impact on the crypto market. Another factor to consider is inflation, which has recently dropped back below 4%. It’s interesting to note that Shiba Inu reached its highest level when inflation was around 6%. However, as inflation continued to rise and hit 9%, Shib’s performance began to trend lower. Risks and Caution for Investing in Shiba Inu Historic and Forecast Data do not favor Shiba Inu Some of the biggest Market Cap Cryptocurrencies and Stocks have not risen at the same pace as expected of Shiba Inu to rise to half a cent. Even current Shiba Inu Price Predictions suggest that Shiba Inu Price is unlikely to cross $0.00012 by 2030. Shiba Inu’s Competition comes from ‘Meme’ as well as other Tokens Shiba Inu, which started as a meme coin, is now attempting to offer almost everything (Payments, DAO, Metaverse, Layer-2 Blockchain, DeFi, etc). However, this strategy has a problem in that the best-performing coins are those that heavily differentiate themselves. Recently Floki Inu has emerged as a major competitor in this space with an emphasis on NFT games. A generalist coin will find it difficult to add value, and from a portfolio perspective, it makes sense to diversify positions across multiple areas Impossible to execute burn beyond a level Investors should also note that burning many Shiba Inu coins is unlikely, as burning 50% or 99% is impossible for a variety of reasons. Not all investors would be seeking abnormal returns, and some would be happy with much lower returns and would not be keen on burning their coins. Despite the active presence of the Shiba Inu community on social media and their aggressive efforts to drive ownership, it is important to note that Shiba Inu is not currently a major player in the payments or DeFi space. Despite strong community support for Shiba Eternity, it remains uncertain whether the hyperactive community can effectively drive token usage..Without an increase in usage, Shiba Inu could end up remaining a meme coin and end up dead. Other Risks Include Market Volatility. Can Shiba Inu reach half a cent? Conclusion Shiba Inu can certainly reach half a cent over the next 28 years if enough tokens are burnt and Shiba Inu implements the whole range of developments that have been promised. Further, the macroeconomic environment should mostly remain favorable during this period.
Can Shiba Inu Reach Half a Cent?
