Will Shiba Inu Reach 1 Cent by 2030?

Shiba Inu is an Ethereum-based cryptocurrency introduced as an alternative to Dogecoin. The Shiba Inu community has realized that it can only rise if it gets rid of the meme coin tag and has some utility. 

Shiba Inu Coin – Buy or Sell?

• Oct 24th: -6%
• Nov 27th: 0%
• Dec 30th: -3%
• Jan 6th: 0%
• Jan 25th: +14%
• Feb 25th: 4%
• March 4th: -64%
• March 5th: -60%
• March 7th: -74%
• March 18th: -67%

Shiba Inu (SHIB) is a moderately whale-dominated asset, with 58.12% of its holdings controlled by whales and the remaining 41.88% held by others. The token boasts around 1.5 million holders, with 1.2 million holding SHIB valued between $0 and $1K. There are approximately 3,700 large holders with $100K or more in SHIB. While its current market cap is under $10 billion [As of Feb 24th], its historical performance indicates it has the potential to reach this milestone.

Updates

• March 18th: Shiba Inu is set to make the launch of new tokens on Shibarium easier. Shibarium is expected to undergo an upgrade. The upgrade will introduce features like pumping and launching tokens.
• March 7th: The Shiba Inu (SHIB) community has significantly ramped up efforts to decrease the token’s circulating supply, with recent data revealing an impressive 5,440.85% surge in the daily burn rate. In the past week alone, 140 million SHIB tokens were burned, reflecting a 10.45% increase in the weekly burn rate. This sharp rise in token burns has fueled speculation about the possibility of a Shiba Inu ETF (SHIB ETF), especially following Bitwise Asset Management’s recent application for a Dogecoin (DOGE) ETF.
• March 5th: The US SEC has confirmed that Meme coins like Shiba Inu are not securities. The U.S. SEC Division of Corporation Finance issued new guidance stating that meme coins like Dogecoin, Shiba Inu, Official Trump, and Official Melania are not securities. Instead, it categorized these assets as collectibles due to their speculative nature.
• March 4th: As per the on-chain data from Arkham Intelligence, an unknown Shiba Inu (SHIB) whale deposited all their meme coin holdings to Coinbase. The whale deposited almost 174.6 billion SHIB, which is roughly equal to $2.53 million on the Coinbase exchange.

Will Shiba Inu reach 1 cent?

Yes, Shiba Inu can reach 1 Cent if about 95% of the Tokens are burnt over the next, say 5-10 years.

The Shib community is one of the most well-organized communities in the cryptocurrency market, driving the cryptocurrency toward delivering more value to users and not remaining a meme coin. Some traders believe that Shiba Inu is a ‘Shit Coin’ but within the community, there is a huge topic of interest, Can Shiba Inu reach 1 cent? This became a huge thing after Shiba Inu had risen 60 times in 6 months in the head days of 2021.

To reach $0.01, SHIB will need to rise 787x.
At $0.01, the target market cap will be approximately $5.91 trillion.
If SHIB were to rise at the pace of 25%, it will take approximately 30 years to reach $0.01.

While a $5.89 trillion market cap for Shiba Inu might sound ambitious today, considering a time frame of 28 years or more and consistent burns of 2-3% annually, the goal could become feasible and the required cap even less daunting.

Let us look at all the data in hand to determine whether Shiba Inu can reach 1 cent.

$5.89 Trillion Market Cap Possible?

Apple has a market cap of nearly 3 trillion. It had a market cap of $4B in 1998. It took Apple about 25 years to grow 750x. Along the way, it has built iconic and innovative products used by affluent consumers around the world. Shiba Inu shares none of those traits with Apple. Therefore, to expect to grow to a $5.89 Trillion Market cap is unreasonable.

Can Shiba Inu grow 25% every year for 28 years?

It is almost impossible to predict Shiba Inu’s price so far ahead. Given the current levels of differentiation, it is possible to say Shiba Inu will not grow 25% every year for the next 28 years.

Therefore, we can say that given the current levels of differentiation with other tokens, the market size, past performance, and historic benchmarks, it is easy to say that Shiba Inu will not grow to 1 cent.

However, there is one scenario in which Shiba Inu can reach 1 cent.

90% Burn Scenario

At 90% Burn, to reach 1 Cent, Shiba Inu will have to rise nearly 50 times. At 1 Cent, Shiba Inu’s Market Cap will be $588 Billion. If the Shib Price were to rise by 25% every year, it would take it 11 years to reach 1 Cent. While this looks tough as well, the odds improve substantially.

The only way Shib can probably reach 1 cent is if about 95% of the Tokens are burnt over the next say 5 years. That would imply a burn rate of about 15-20% a year. A very difficult task.

Check out other scenarios using our Crypto Prediction Calculator

Will Shiba Inu reach 1 cent by 2030?

No, Shiba Inu will not be able to reach 1 cent by 2030.

Will Shiba Inu reach 1 cent by 2040?

Yes, Shiba Inu can reach 1 cent by 2040 if 75% of Shiba Inu Tokens in circulation are destroyed/burnt. However, such a prediction would be highly speculative given the limited amount of information we have about the future.

How much is 1 million Shiba Inu worth at 1 cent?

If Shiba Inu reaches 1 cent, 1 million Shiba Inu will be worth $10,000.

How much is 10 million Shiba Inu worth at 1 cent

If Shiba Inu reaches 1 cent, 10 million Shiba Inu will be worth $100,000.

Will Shiba Inu reach $1 by 2025 or 2030?

If you invest $100 in Shiba Inu today, how much will be Shiba Inu worth at 1 Cent? $119000

If you invest $1000 in Shiba Inu today, how much will be Shiba Inu worth at $1? $1.19M.

Favorable Reasons for Shiba Inu’s Growth

Achieving the 1 cent and $1 milestone for Shiba Inu depends on visionary leadership, robust execution of its ambitious projects, and sustaining its current momentum. Vital projects such as Shibarium play a significant role in this goal. Additionally, community engagement and token burns are essential to maintain momentum.

Shiba Inu made significant moves in 2021, including its Bitpay integration. By 2023, its impact on payments remains limited. Nonetheless, its successful ventures into the NFT space, such as the rapid sell-out collaboration with Bugatti, indicate promise. Shiba Inu’s diversifying strategies, such as the game Shiba Eternity and its potential use for content creator rewards, highlight its broadening vision.

In the DeFi space, Shiba Inu is making strides by introducing yield farming and staking mechanisms. External macroeconomic factors, such as interest rate decisions and inflation, influence Shiba Inu’s market dynamics. A notable example is the 3% price surge after a Federal Reserve announcement.

On the development side, Shiba Inu’s Layer-2 blockchain, Shibarium, offers quick, cost-effective transactions. The introduction of its gas token, BONE, and platforms like Shiba Eternity and Shibverse, emphasize user sovereignty, versatile governance, and Shiba Inu’s innovation. Key partnerships with entities like Coingate, Bugatti, and VISA can boost Shiba Inu’s utility and influence its price direction.

Lastly, token burn strategies are paramount. With Shiba Inu’s vast token supply, reaching the 1 cent and $1 milestone requires an aggressive burn strategy. Projects such as Shiba Eternity, Shibaverse, and Shibaswap, along with payment partnerships, are critical. Nevertheless, considering the existing market cap, reaching 1 Cent or $1 appears impractical, even with extensive token burns.

If you are interested in buying Shiba Inu now, most of the best cryptocurrency exchanges have it available in their listing

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 $1. Even current Shiba Inu Price Predictions suggest that Shiba Inu Price is unlikely to cross $0.00015 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. For example, Blur a new NFT trading platform had a massive run as it gained market share from Opensea by building an aggressive reward system for high-value traders.

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 99.9999% 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.

Regulation

After the crashes of FTX and Luna, there is an increased risk of regulation which could jeopardize the cryptocurrency industry as a whole. Further, central banks are beginning to pilot CBDCs (Central Bank Digital Currency), and it is unpredictable how CBDCs will impact Cryptocurrencies.

Development Efforts

Currently, the SHIB team is implementing many of the plans outlined earlier. However, none of them have been fully implemented.

The Overall environment is generally against cryptocurrencies and ‘non-utility coins like Shiba Inu. If the price crashes further, interest levels in the Token could fall and could mean the end of the Shiba Inu Token.

Shib Inu FAQs

Can Shib hit a penny by 2030?

Given our aggressive simulation, the optimistic estimate for Shiba Inu 1 cent is 2056. Therefore, there is no chance of Shib hitting a penny by 2030. Shib could hit a penny probably a decade after if many variables go in its favor. The most critical of them is the widespread acceptance of Shib because of the wide variety of use cases. Further, the regulatory environment should be favorable and not restrictive.

Will Shiba Inu Reach 25 Cents?

For Shiba Inu to reach 25 cents, it will have to rise 7k times from its current price. If Shiba Inu gains 25% a year (assuming a burn of 50% of its supply) it will take 41 years for Shiba Inu to reach 25 cents.

Can Shiba Inu hit 10 cents?

As per our current simulation, Shiba Inu is likely to reach 10 cents in 35 years. The forecast accuracy remains moderate to low as there are numerous dependent factors like Government regulation, Shiba Inu leadership, and community cohesion.

What year will Shiba hit 1 cent?

Our simulation suggests that Shiba Inu will hit 1 cent by 2049. As analyzed earlier, this will depend on the Shiba Inu Burn, the Implementation of Shiba Inu Plans, and the sustenance of the community.

Will Shiba Inu reach 1 Rupee?

More Shiba Inu Updates

• February Updates: NFT Import now supports Shibarium NET. SHIB’s on-chain activity shows a decline in the number of new addresses trading the meme coin daily. According to Santiment, this figure has fallen by 62% since January 19. On February 9, only 1,814 new addresses were created, marking the lowest number this year. Shiba Inu’s lead developer, Shytoshi Kusama, is facing controversy after accusations from the @shibburn account on X (formerly Twitter), which criticized him and his associates for alleged misconduct.
• January Updates: Shiba Inu recently launched SHIB OS, which is the ultimate multi-layer stack, designed to empower developers and users alike. Shib OS offers: 1. Gasless & Sponsored Transactions, 2. High-Performance Architecture and 3. Alpha Layer 2. Shiba Inu leader Shytoshi Kusama has reached out to Ethereum co-founder Vitalik Buterin, expressing a keen interest in having a conversation to promote SHIB adoption worldwide. Shiba Inu SHIB wallets have hit a new all-time high. The total number of funded wallets holding SHIB has reached an all-time high of 1.38 million, with over 100,000 new wallets added in 2024 alone.
• December Updates: Shiba Inu (SHIB) experienced a net outflow as whales offloaded significant amounts of the token. Crypto analytics firm Lookonchain reported a major sale by a whale who sold 250 billion SHIB, valued at approximately $6 million. The trader, who purchased 15.28 trillion SHIB for just $3.8K in August 2020, now holds $52 million in assets after securing $109 million in profits. Shiba Inu SHIB now goes multichain. Due to the Shibarium and Chainlink CCIP partnership SHIB, Bone, and Leash tokens now span 12+ blockchain. Every transaction will now burn tokens. The supply of SHIB on exchanges has declined following a significant purchase of 4 trillion SHIB, valued at over $115 million. Currently, SHIB has more than 589 trillion tokens in circulation. Regarding holder composition by duration, 75% of SHIB holders have held their tokens for over a year, while 18% have been holding SHIB for 1 to 12 months. The US Government moved 54,897,092,549 Shiba Inu tokens to a new wallet. As per blockchain analytics platform Arkham Intelligence, on December 3rd, the U.S. government transferred 54,897,092,549 (54.89 billion) SHIB tokens to the Ethereum wallet ‘0x9…Cb0’. Following the transaction, the sending wallet, which had links to the United States government, no longer owned any SHIB tokens. The Shiba Inu team has confirmed that the Shibarium burn portal remains operational months after the launch despite community concerns. Kaal Dhairya, one of Shibarium’s developers, confirmed that the platform has already burned over 300 million SHIB tokens months after its introduction.

Note: Please consult a registered investment advisor to guide your financial decisions.