Shiba coin watch update#

This sudden growth means that the coin can become a solid asset now if it continues to grow. Shiba Inu has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.ĭuring the last month, the price of SHIB has increased by 29.54%, adding a colossal average amount of $0.0000029 to its current value. In the past 24 hours, the crypto has increased by $0.0000007 in its current value.įor the last 7 days, SHIB has been in a good upward trend, thus increasing by 18.05%.

Shiba Inu (SHIB) Price Prediction For Today, Tomorrow and Next 30 Days DateĪccording to the latest data gathered, the current price of Shiba Inu is $$0.000010, and SHIB is presently ranked No. When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.

Over the last 30 days, Shiba Inu has had 15/30 (50%) green days and 6.86% price volatility.

Our technical indicators signal about the Bullish Bullish 78% market sentiment on Shiba Inu, while the Fear & Greed Index is displaying a score of 50 (Neutral).

Our most recent Shiba Inu price forecast indicates that its value will increase by 7.16% and reach $0.00001040 by August 11, 2023.

Shiba coin watch update#

Our real-time SHIB to USD price update shows the current Shiba Inu price as $0.0000095 USD.

How much will Shiba Inu be worth in 2050?.

Will Shiba Inu coin price reach 1 dollar?.

November 2023: Shiba Inu Price Forecast.

September 2023: Shiba Inu Price Forecast.

Shiba Inu (SHIB) Price Prediction For Today, Tomorrow and Next 30 Days.

Investors who believe in the potential of cryptocurrencies are largely confident that a new bull crypto market will help to create a strong market-wide rally that will drag more prices upwards, but in terms of growth, it's extremely rare for an established asset to rally 100,000% in this manner.

Using this as an indicator would mean that SHIB's circulating supply would need to fall to almost 100,000th of its current level to experience the same price in the current crypto market. This coin's circulating supply is $7.44 billion. The closest asset to Shiba Inu in terms of market capitalization and proximity to a $1 value is Polygon (MATIC), which has a value of $0.85 at the time of writing. With such significant levels of adoption, it seems that investor sentiment has leveraged more usability for SHIB, and the fact that stores are beginning to accept the cryptocurrency means that some form of utility has been forged for the coin.Īs for Shiba Inu's path to $1, let's look deeper at a more logical circulation level. SHIB Adoption May Increase Despite Low Value First, SHIB's creation on the Ethereum blockchain means that it's far more accessible than other small-cap meme tokens, and it's paved the way for the likes of Binance and Coinbase to add the asset to their respective options with relative ease. However, should Shiba Inu's circulation fall drastically, like when Vitalik Buterin burned half of the coin's total supply, greater scarcity could impact the coin's value.įor investors, there are a few more heartening signs. Considering that Motley Fool reported that the total global wealth stands at around $500 trillion, this is a mind-boggling figure to come to terms with. At around 589 trillion tokens, SHIB's market capitalization would need to be $589 trillion for SHIB to reach a coin value of $1. So, can Shiba Inu reach one dollar? The answer is almost certainly not-or, at least, not with current circulation levels.īitcoin's current market value, which typically ranges within the $10,000s, is driven by the coin's fixed scarcity of having a maximum supply of 21,000,000 tokens that can ever be minted.