How Much Is 1 Shiba Inu Coin Now
The Shiba Inu coin is a relatively new cryptocurrency that has been getting much attention lately. So, how much is Shiba Inu Coin now?
The price of Shiba Inu Coin has been on a roller coaster ride over the past few months. It reached an all-time high of $0.00008616 on Oct. 28, 2021, before crashing to $0.000000000056366 on Nov. 28, 2020. However, the price has since recovered and is currently trading at $0.000009526 .
So, whats driving the price of Shiba Inu Coin?
A few factors could be driving the price of Shiba Inu Coin.
First, the overall cryptocurrency market is directly correlated to Bitcoin, the worlds largest cryptocurrency. Bitcoin surged to a new all-time high of $68,789.63 on Nov. 8, 2021, while other major cryptocurrencies like Ethereum and Binance Coin also saw strong gains over the same time period. This helped to drive up the price of SHIB. As you can see from the above dates, both Bitcoin and Shiba Inu record highs were roughly within a month of each other.
Second, Shiba Inu Coin has gained a lot of popularity due to its meme-based marketing campaign. The coins logo is a cartoon Shiba Inu dog, which has become popular on social media platforms like Twitter and TikTok
The Bottom Line: Is Shiba Inu A Good Investment
So, is Shiba Inu a good investment? Its a little complicated. On the one hand, its clear that SHIB has seen some impressive growth in recent months, and theres no reason to believe this trend wont continue. But with such high volatility in the cryptocurrency market, its impossible to say for sure whether the value of SHIB will continue to grow, given its status as a meme coin thats devoid of practical use cases.
A more significant factor which will determine the future of SHIB is the myriad of projects that the Shiba Inu dev team has lined up. These projects and schemes are ambitious. They aim to move SHIB from a cryptocurrency associated with online jokes and fueled by hype to a more utility-based asset. When these plans go through, theres an excellent chance that the former meme coin will now earn its rightful place as a solid digital asset worth keeping an eye on.
Shiba Inu New Listings
On October 10, BitMex, one of the most well-known cryptocurrency exchanges, announced that it would soon list six new altcoins on its platform. BitMex will support token trading, including the Shiba Inu token, SHIB. BitMEX is both a derivatives trading platform and a cryptocurrency exchange. Its owner and operator are HDR Global Trading Limited, a Seychelles-registered company. It is a reputable and secure cryptocurrency exchange for margin trading.
TrendsGem
The BitMex exchange is well-known for its previous management, which included Arthur Hayes, a well-known cryptocurrency figure who was found guilty of violating anti-money laundering regulations. Users will be able to transfer, deposit, and withdraw SHIB from their exchange accounts as a result of the listing. Furthermore, once the listing is complete, the price of SHIB/USD may rise.
Don’t Miss: How To Create An Investing App
Can Shiba Inu Coin Reach $01
To be honest, its very much unfortunate that a little increase in Shiba Inus price drives Social Media crazy. And they start updating posts like- can Shiba coin reach $0.1? Can Shiba coin reach $1? So, it goes without saying that those who spread these types of news have no good intentions. Tantalizing you by misguiding is a visible objective behind doing so. They can take this advantage because maximum new investors dont when Shiba Inus price can reach 10 cents. Its not an easy process, maybe, you will see Shiba Inus price becomes $0.1 after waking up tomorrow morning. Lets come to know- is it really possible for Shiba Inu to reach $.01?
Hence, if you have such an expectation over Shiba Inu in your mind, then we recommend you brush this unrealistic expectation away. Be realistic! Buying a coin at a cheap price doesnt mean this coin will make you rich overnight.
Shiba Inu Price Prediction For 2022 And Beyond
As of 27 September, CoinCodexs Shiba Inu coin price prediction indicated that the token is on a bearish trend in 2022, with a one-month SHIB price prediction which sees the token falling further by 3% to $0.00001107. However, the site makes more bullish long-term projections, with a Shiba Inu price prediction for 2025 between $0.00002524 and $0.000131 the latter an increase of more than 1,000%
Algorithm-based website WalletInvestor makes a Shiba Inu crypto price prediction which expects the token to trade at an average price of $0.0000162 by the end of 2022, and $0.000000495 in five years time, suggesting the token is a bad long-term investment.
DigitalCoinPrice was bullish about SHIBs price performance going forward. According to its Shiba Inu price prediction for 2030, DigitalCoinPrice expected the token to trade at an average price of $0.000158 that year.
Gov Capitals SHIB price prediction, as of 27 September 2022, saw the token trading at $0.000393 in five years time.
Note that analysts and algorithm-based Shiba Inu crypto price predictions can be wrong and that forecasts shouldnt be used as a substitute for your own research. Always conduct your own due diligence, and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size and investment goals.
Also Check: What’s The Best Way To Invest In The Stock Market
Shiba Inu Price Prediction In 2022
Its time to respond to the crucial query: Is Shiba Inu a good investment for long term? It is very important to know that the market is very unpredictable and any trend may be followed in the upcoming time. Nobody can forecast the future trend of any commodity without absolute confidence.
Shiba Inu has introduced their new burn and dig techniques in the ShibaSwap system to assist growth. Here, you may easily burn coins and get incentives for giving the system a volatility pool. It will now be quite helpful for the dealers. According to Coin Price Forecasts estimate for 2022, Shiba Inu is expected to have a gain of only 350 per cent, increasing its value to $0.00003174.
Reasons Why You Should Invest In Shiba Inu Today
Shiba Inu is a digital cryptocurrency named after a dog breed from Japan called Shiba Inu. This coin was created by an anonymous individual known as ‘Ryoshi’ in the cryptocurrency world in August 2020. It was an experiment in decentralized spontaneous community building that later developed into a vibrant ecosystem.
The developer got inspiration from Dogecoin, a coin created as a joke making fun of other digital currencies back in 2013. The logo of both coins looks almost similar as they share an image of the Shiba Inu dog breed and have similar models.
If you are looking to invest in digital currencies, you should consider SHIB and making them part of your portfolio. Every reason to invest in Shiba Inu is to look at the bullish drive that this token is taking. In the last 12 hours or so, the coin has gained an impressive 9.3%. Going with the current news of what is happening in the crypto world, it is likely that this token’s price will continue going up, giving an even better reason to Invest in SHIB.
Keep in mind also that Shiba coin has trillions of tokens in circulation, so the aspect of limited supply might come into play. So, should you invest in Shiba Inu? If you are still not sure whether you should invest in the meme token or not, here are some reasons to invest in Shiba Inu.
Recommended Reading: Cash Out Refinance To Invest
Shiba Inu Is An Underdog But It’s Been Making Improvements In Recent Months
Shiba Inu made history as one of the fastest-growing cryptocurrencies in the world, experiencing explosive growth throughout 2021.
However, it’s currently down a whopping 86% from its peak in October. While many investors believe Shiba Inu is past its prime, some are still hopeful that it could make a dramatic comeback.
If the cryptocurrency is preparing for a rebound, now could be the time to buy the dip. But is that really the right move? There are a few factors to consider before you invest.
Shiba Inu Coin As Long
Now, lets come to the discussion of- how Shiba Inu is as a long-term investment. Frankly, to say, Shiba Inu is a bit risky for investors as a long-term investment. The reasons for saying Shiba Inu is a risky project as a long-term investment are as follows:
The Crypto industry is a place full of innovations, so one should invest in a project of intellectuals, which solves any real-world problem indeed. Because these projects survive in the market at the end of the day. In the crypto market, patience is of high importance because investors need to retain their patience when the market remains in a bearish trend. But, your patience brings no benefit to you if you invest in the wrong project. Its because that useless projects price will never go up as it has no utility for not solving any real-world problem.
You May Like: Investing And Trading For Dummies
Shiba Inu Coin Price Prediction
Since many unpredictable factors will affect Shiba Inuâs price over the long term, Shiba Inuâs market analysis can rarely produce long term forecasts. However Shiba Inuâs price forecast can still be generated you just have to be skeptical about it.
According to the Coin Price Forecastâs Shiba Inu price prediction, the token price may reach $0.002736 , while Trading Education estimates shiba inu price prediction 2030 can reach $0.00261. At that point, Shiba Inuâs market cap will need to reach at least $50 billion.
Shiba Inu Price and Market Cap:
Currently Shiba Inu Price Prediction is increasing day by day due to which millions of people are inspiring and attracting around the world to invest money into tokens with this dog. On 27 september 2022 was $0.000011 USD with a 24-hour trading volume of $290,624,101 USD and the CoinMarketCap ranking is *14, with a live market cap of $6,239,622,638 USD. You can check this growing Shiba Inu in the graph below and take an idea also shiba inu price prediction 2040.
Shiba Inu Price Forecast Long Term Outlook 2025 Prediction
Extending the Shib Inu coin price prediction to 2025, we forecast the digital asset challenging the $0.0001 price level. Crypto experts agree that coin prices will grow in the long term, regardless of whatever happens in the short term. With Shiba Inu being one of the biggest coins in the market, it is sure to benefit from that price surge.
Additional use cases such as its integration into Shibaswap and its application in the Shibaverse should also bolster SHIBs price even further. So, a push towards $0.0001 by 2025 seems reasonable.
In the event of market consolidation, Shiba Inu could suffer a retrace to a much lower price prediction making this an entirely open competition.
Seeking to break from its social media course of existence, the Shiba Inu team is carving out strong use cases to support its ecosystems growth.
This is easily visible in its growing business use cases for several companies. A recent announcement by popular fraud-proof payment network Flexa goes to show the meme coins resolve to break away from the norm.
Its integration into the Flexa Network would see SHIB token holders able to spend their digital assets across more than 41,000 locations both in the US and Canada.
Shiba Inus recent plans to create a digital wonderland for projects and businesses lend it more credence. In its recently released roadmap, the vibrant community of users noted that the Metaverse is a promising space.
Cryptoassets are a highly volatile unregulated investment product.
Also Check: Can You Use A Va Loan To Buy Investment Property
Shiba Inu Price Forecast 2040
It is almost impossible to make a Shiba inu price prediction for the long run, However if the price continues to rise in value, we think that SHIB is likely to become more valuable in 2040 than today. The price of Shiba will continue to rise and may even reach the $1 mark in 2040.
Virtual currencies are highly volatile. Your capital is at risk.
Why You Can Trust Bankrate
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. Weve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.
Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
Our investing reporters and editors focus on the points consumers care about most how to get started, the best brokers, types of investment accounts, how to choose investments and more so you can feel confident when investing your money.
Investing disclosure:
The investment information provided in this table is for informational and general educational purposes only and should not be construed as investment or financial advice. Bankrate does not offer advisory or brokerage services, nor does it provide individualized recommendations or personalized investment advice. Investment decisions should be based on an evaluation of your own personal financial situation, needs, risk tolerance and investment objectives. Investing involves risk including the potential loss of principal.
Also Check: Investment Property Loan Down Payment
Why Should You Invest In Shibu Inu
There are many reasons which make Shiba Inu so popular and why people invest in this meme coin. It is the reason why a lot of people are asking is Shiba Inu a good investment for long term? Here are some reasons why people invest in it.
Listing in the Major Crypto Exchange Platform
The Shiba Inu was launched on the WazirX exchange, a division of Binance, and includes some of the biggest and most reputable cryptocurrency exchanges in the world. Along with Binance, the SHIB coins can be purchased on Uniswap, Kukoin, Huobi Global, eToro, and other international exchanges. After this listing, the cost of this coin increased by two and has since kept rising.
Significant Market Capitalization
According to the total market cap, Shiba Inu is rated as the 12th most valuable cryptocurrency on the coin market cap website. Be aware that it only saw this growth in one year, whereas other currencies in the top 10 list need five to ten years to have development of this magnitude.
Shiba Inu Price Is Very Low
Celebrities Talk and Tweets
Celebrities on social media, mainly on Twitter, are taking interest in Shiba Inu and Dogecoin, which ultimately makes the price of Shiba Inu at its height. Last year Elon Musk tweeted about Shiba Inu which increased its price by about 150% in 24 hours.
Guy Fieri, Mark Cuban, and many other well-known people also promote Shiba Inu. The fact that the Ethereum creator owns half of the currencies has also made headlines.
Announcement Of Shib Metaverse Concept Art
Shiba Inus confidence is growing as SHIB, the Metaverse becomes a reality. Earlier this week, the team revealed the first concept art for the SHIB Metaverse, fueling interest in the project. According to the Shiba Inu Ecosystem, the Metaverse is the culmination of Shiba Inus history as a community, digitally presented in a layer of beautiful visuals that reflect innovation and solidarity.
The project was assigned to The Third Floor visualization studio by the SHIB team. TTF consulted the SHIB community and considered its suggestions before deciding how to depict SHIB in the new Metaverse.
Shiba Inu welcomes THE THIRD FLOOR to The Metaverse
Shib
According to the SHIB teams more in-depth explanation of their ideas, the concept art for SHIB reflects themes such as earthy, adventure, rivers, and stunning landscapes. The development team also revealed that water skiing, rock climbing, white-water rafting, helicopter rides, and other activities would be available to Metaverse players. The excitement surrounding this new initiative may have a positive impact on the price of SHIB/USD.
Read Also: Invest In Penny Stocks Online
Does Shiba Even Have A Future
Shiba coin enthusiasts believe that with time, crypto users in India will shift towards Shiba Inu due to Vitaliks Covid relief fund donation. So, if this is true, it could be a driving force to take the price back to its all-time high or above, as the meme coin will have been adopted by billions of people in India. Similarly, if Vitalik Buterin continues to endorse and promote the coin via his social media accounts, the price of the currency could shoot up as seen before. Furthermore, a new game in the metaverse called Legends of Bezogia is making a bold promise to use Shiba Inus to provide a one-of-a-kind experience.
Shiba Inu Coin Price Prediction 2025 To 2030
Shiba Inu coin is a decentralized cryptocurrency that was first created in August of 2020. In just two years time, its become one of the most popular digital currencies on the market, despite its low value. At the current moment, SHIB is trading around $0.00001 after hitting an all-time high of $0.000086 in October of 2021.
It has many prominent supporters, including the worlds richest man in Elon Musk. Even a co-founder of Ethereum, Vitalik Buterin, is an investor who donated more than 50 trillion SHIB to the India COVID-Crypto Relief Fund.
In general, Shiba Inu coin has the backing of crypto communities across social media and other platforms. Its one of the few feel good stories of the crypto industry. And thats why the Shiba Inu coin price prediction for 2025 is so intriguing. The popular meme token is actually projected to grow substantially over the coming years.
Many experts believe SHIB token will be trading closer to $0.00004 by 2025. Thats a potential return on investment of more than 300% from the current price. Its still well below the all-time high, but its a step in the right direction.
Over the next decade, Shiba Inu coin is expected to break $0.0003. And it could come as soon as 2030. Thats nearly 4,000% in potential ROI! Furthermore, many analysts believe its current level of growth, outside of the market downturn, makes SHIB a good investment in moderation.
Don’t Miss: How To Set Up Your Investment Portfolio
