According to Fool, Shiba Inu’s only chance of hitting a $1 dollar valuation is if major coin burns take place . Currently there are 549,000,000,000,000 SHIB tokens circulating in the market.
Read moreCan Shiba hit 10 cents?
Its impossible for Shiba Inu coin to reach 10 cents . Because for it to reach the value, the market capitalization has to be higher than the GDP of the US. The value of the Shiba Inu coin depends on two factors – the market cap and the mining dynamics.
Read moreCan a Shiba hit 1 cent?
If Shiba Inu were to reach a penny, the cryptocurrency would be worth multiples more than Bitcoin. Because of the massive amount of capital required for SHIB to reach a penny, it’s highly unlikely this will happen .9 Mar 2022
Read moreHow long will it take for Shiba Inu to reach a penny?
Shiba Inu Coin: Proof That Shib Will Reach 1 Cent in 2022 .5 Mar 2022
Read moreCan Shiba Inu reach half a cent?
Yes, the Shiba Inu coin will reach the penny easily .
Read moreWill Shiba reach $1?
Since the token showed its true potential for growth, the financial media and SHIB have been rooting for the token to hit the US$1 mark. But currently, the journey to the US$1 mark is quite long , considering Shiba Inu’s present market value is around US$0.00002133, according to coinmarketcap.
Read moreWill a Shiba Inu hit 1 dollar?
There is only the remotest of chances Shiba Inu will ever hit a penny in value, let alone a dollar . Reaching $1 would mean the cryptocurrency would be worth $550 trillion, or more than five times the gross domestic product (GDP) of all the world’s economies combined.
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