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Could shib reach $1

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SHIB's performance has already been nothing short of incredible, and it could still deliver more big wins, but even the most bullish investors should move forward with reasonable expectations about its growth potential. The overall cryptocurrency market has grown an incredible amount in less than 12 years, but the combined value of cryptocurrencies has also pulled back substantially from the lifetime high it hit in October Shiba Inu also continues to face competition from the thousands of other cryptocurrencies currently on the market, and it could face pressure as more new digital tokens are created.

Check out the chart below tracking the total number of cryptocurrencies that have been available from through February With a growing number of coins for investors to choose from, SHIB's value could be pressured, but the digital token could register more big gains if the broader cryptocurrency market sees another strong bullish run, a resurgence in meme-powered momentum, or increased adoption by investors or businesses.

If a dramatic amount of coins were burned , that would also result in the total supply being reduced and would likely result in significant gains for the cryptocurrency's token price. Investors should simply make decisions with reasonable expectations in mind and understand that it's a high-risk, high-reward cryptocurrency.

Cost basis and return based on previous market day close. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of Discounted offers are only available to new members. Calculated by Time-Weighted Return since Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

Premium Services. Stock Advisor. View Our Services. Our Purpose:. Latest Stock Picks. Floki Frunkpuppy pic. The move came after the token was listed on the Kraken cryptocurrency exchange on 29 November and online technology retailer Newegg said it would begin accepting shiba inu as a form of payment. However, with bearish sentiment on the cryptocurrency markets prevailing after bitcoin hit a record high in November, SHIB was unable to hold onto the gains.

While the shiba inu crypto token started out as a joke, the community is continuing to build the ecosystem. On 31 December, developers behind the project announced plans to launch a Doggy DAO decentralised autonomous organisation in what they call a "stage-by-stage metric and phased approach". The first phase is to give "immediate power to the community" to decide which crypto projects and pairs will be listed on its exchange, and how BONE token rewards will be distributed.

The second phase will allow the community to make proposals. On 30 March the project announced plans to launch its own metaverse, describing it as the "culmination of our history as a community". As a community orientated meme coin SHIB has little practical utility and its price seems to be influenced by a relatively small number of whales. The smart contract -based portal has been designed with an extensible system so that any crypto token projects can create a burn pool and offer rewards to SHIB holders who burn their tokens.

Users will soon be able to pay with the SHIB token. Lands are available for everyone to purchase no locking required???? What is the outlook for the SHIB price following the recent decline? Read on for the latest price expectations. DigitalCoinPrice also had the shiba expected price trending higher over the long term. As such, analysts and algorithm-based forecasters can and do get their predictions wrong. If you are considering investing in high-risk cryptocurrency tokens, including shiba inu SHIB , we recommend that you always do your own research.

Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any trading decision. Keep in mind that past performance is no guarantee of future returns. Whether the shiba inu token is a suitable asset for you will depend on your risk tolerance and how much money you intend to trade. Never invest money that you cannot afford to lose. Whether SHIB has a future could depend on whether it finds a use that leads to widespread adoption and activity across cryptocurrency markets.

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My account. News and Analysis News Cryptocurrencies Shiba inu price prediction: Can the meme coin stop the slide? Shiba emerges as a leading doge-inspired meme coin Shiba inu forecast: Community builds out ecosystem Shiba inu coin price prediction Should you go long or short the coin? Is SHIB crypto a good investment?

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If you are looking for a more accurate prediction, we suggest reading our dedicated SHIB price prediction article here. Deciding whether an asset is worth investing in or not is not an easy task. One must either believe in the project or the project has to have potentia l, objectively speaking. It is very important to do extensive research when exploring a new cryptocurrency or network. However, most of the information that this article covers should be sufficient to get a general idea about the Shiba Inu network.

We cannot overlook the fact that SHIB is considered a memecoin, which can negatively impact its status in the long run unless it redeems itself through utility. Happily, the projects that will be coming out will do exactly that, or at least that is what the developers promise.

As you can see in the graph above, the moment is perfect to invest in Shiba Inu Coin if you trust it will develop. There are typically two situations that an owner of a token will come across. Short-term and long-term investment. We will be covering both of them below. If you are looking to invest in SHIB, then you have to take the ongoing global events in mind, because they highly affect the crypto market.

The reason for them to affect it is because, during a time of uncertainty, many sell their tokens for cash , which is completely understandable. Altcoins, especially, were highly affected. However, most tokens are already bouncing back, which is great for new investors.

This is not a bad idea, but some traders make the mistake of not buying on time while waiting for the price of a token to drop even lower. For this reason, many prefer using the dollar-cost averaging DCA method. The strategy consists of investing in cryptocurrencies in periodic purchases, thus reducing the risk of loss due to volatility.

Overall, short-term investing in SHIB is definitely not a bad idea, but you should be careful and always monitor the market. This includes global news, politics, and even, preferably, the stock market. Additionally, it is certainly impossible for the Shiba Inu Coin to reach 1 cent in such a time frame. Long-term investing is a bit tricky, although it can be quite rewarding.

Just to give a quick example, which you probably already know: If you were an owner of 1 BTC in , you could potentially have made a profit of 68x in However, we have to keep in mind that Bitcoin is one of a kind. So what about SHIB and in the long run? Well, the current roadmap we are seeing for the Shiba Inu ecosystem is quite attractive. If the team follows the plan all the way through, we will almost certainly be seeing growth in the price and adoption of SHIB.

The DCA strategy is even more effective here. This is quite useful because it further reduces the risk and impact of the volatility surrounding the crypto market. Either that you will be putting in a sum and leave it there for a long period of time. Or you will be investing using the DCA strategy, and even selling and re-buying your asset for a profit, from time to time. However, the most important part about investing for the long-term is to make sure the project resonates with you.

This includes believing and understanding the project. In this short guide, we will go through all the steps required to purchase SHIB through the major trading platform — eToro. Cryptocurrency wallets are digital wallets used to store, send, and receive digital currencies such as Bitcoin, Ethereum, Shiba Inu Coin, etc.

There are many different types of wallets, each with its own set of features and security measures. Some wallets are designed for specific types of cryptocurrency, while others can be used for multiple types. This would be a software wallet, which is usually free to use but requires internet. This would be a hardware wallet that is purchased and can be used offline. For the sake of this article, we give the three best software examples which you can easily use. MetaMask is a cryptocurrency wallet that allows users to store, send, and receive cryptocurrencies.

The wallet is designed to be intuitive and user-friendly, with a focus on security and privacy. It is arguably the most widely adopted crypto wallet on the market right now. To use MetaMask, you must first create an account, after downloading the app or extension for Chrome.

Exodus is a desktop wallet designed for cryptocurrency users. It is available for Windows, Mac, and Linux operating systems. The wallet is free to download and use. Exodus provides a secure environment for storing cryptocurrencies, as well as a user-friendly interface for buying, selling, and exchanging them. The wallet supports numerous cryptocurrencies , including Shiba Inu Coin. It also allows users to track their portfolio value in real-time. In addition, Exodus provides a built-in exchange service that makes it easy to convert one type of cryptocurrency into another.

As a result, Exodus is a popular choice for cryptocurrency users who are looking for a simple and convenient way to manage their investments. Trust Wallet is a mobile wallet for Android and iOS devices that can be used to store a variety of cryptocurrencies.

The wallet is designed to be user-friendly and extremely secure, and it offers a variety of features that make it a great choice for both beginners and experienced cryptocurrency users. In addition, Trust Wallet offers an in-wallet Exchange allowing users to instantly convert their cryptocurrencies into other supported assets.

Trust Wallet also provides support for limit and stop-limit orders , as well as margin trading. Overall, Trust Wallet is a powerful and user-friendly wallet that offers a wide range of features for both beginners and experienced cryptocurrency users. Whether we are talking about SHIB or any other currency reaching a particular price, there is a lot of speculation involved. Of course, it is always fun to make predictions.

This is the reason why we believe the information in this article to be useful. The catalysts we got to discuss earlier are only the current projects that we can expect to see in the near future. Actually, most of them should be live by the end of or early After that, the team behind SHIB is most likely going to add new and better projects. It is important that they are looking to expand, disregarding the status of a memecoin and the public interest for Shiba Inu to reach 1 cent.

That is not the case with the Shiba Inu ecosystem , as we discovered earlier. So does that make SHIB a good investment? Depends on whether you understand and believe in the project. It is almost always a bad idea to invest in projects you do not care about or do not like. Despite the low chances of SHIB reaching that 1 cent mark, it is more likely than not going to keep growing as a project.

This will naturally lead to better adoption amongst not only crypto enthusiasts but also the general crypto audience. Cryptocurrencies are one of the hottest topics around the globe at the moment. Of course, the main performers in.

Gemini and Coinbase are two of the most well-known crypto exchanges on the market. However, their daily volume is completely different in favor of the latter. The Truth Revealed. Share on facebook. Share on twitter. Share on reddit.

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Add funds to your account. Choose an amount of SHIB to buy. Source: Shiba Inu Website. Source: Metamask Website. Source: Exodus Website. Source: Trust Wallet Website. Share on facebook Facebook. Krystle, who is a research-based crypto investor, is an active community member of Shiba Inu. I would like to say that if Shiba Inu can dispel their major hurdles like fixing blockchain problem of speed processing for transactions and lowering transaction fees, it can attain its goal.

Ryder added Shiba Inu to his portfolio on 9 th November , and he is an old investor in the crypto industry. He continued buying Shiba Inu for the rest of About Shiba Inu target price, he said,. Many altcoins will leave the market owing to poor regulation. Araujo has a flourished profile in Shiba Inu community.

He raises his voice everywhere from reddit to telegram in favor of Shiba Inu. Reaching that milestone is also difficult for Dogecoin even with its far lesser supply. So you should research properly before investing. He suggested investors wait for the growth of Shiba Inu. So, if you are not patient enough, you should be aloof from such an investment. Obviously, we will commence with the Bitcoin community as this community is the highly reputed one in the crypto industry.

William is a very familiar figure in the Bitcoin community. When we asked William, what would be the price of Shiba Inu by ? He elaborately answered saying,. If you think it is possible, then put your fund in it and you will surely be super-rich. Like if you invest just dollars into this, you will become richer than you have ever imagined.

Even you will be richer than Jeff Bezos and Elon Musk combined. Saying so, he also added that just go ahead and invest a few thousand dollars into it, if you are confident enough. But no one will go for this just because everyone knows chasing such a target by Shiba Inu is quite impossible. Felix is a popular name in German-Bitcoin Community. Hearing our question, Felix chuckled and said,. Even you look at Bitcoin and can see how a long path bitcoin has navigated to come to this price.

Therefore I suggest these investors not to be too influenced by influencers. The community largely uses this meme coin for entertainment purposes. His comment on Shiba Inu target price was,. I suggest the holders of Shiba Inu set a more reasonable target.

Firstly Shiba is new in the industry, and secondly, billion circulating supply will cause it to struggle to survive in the bull market. Zachariasz is a very familiar figure in Doge Community. He proudly says he bought Doge in when people used to call this coin scam. You can investors have been holding Dogecoin for a long time, and all at once, its price has increased.

Anything can take place in the crypto industry, and not sure what will happen with Shiba Inu in the future. But, you should invest such an amount of money that you can afford, and if lost, you will never regret. Basically, Harry is a crypto influencer and a Doge believer. But Harry is not optimistic about Shiba Inu and he thinks Shiba authority has to prove many things down the road.

About the price target of Shiba Inu, he said,. Shiba Inu needs a very high price increase to reach the targeted level from its present position. Although the situation of the crypto market can take a turn anytime, Shiba Inu can do this. Tyson is a popular crypto face in Denmark. Furthermore, he is known as a Crypto-Guru in the local crypto community. His reaction and comment of Shiba Inu price is,. Even after that, what I think about Shiba Inu is it is a very much difficult target to obtain.

Massive amount of circulating supply and being likely to other manipulative shitcoins are major hurdles for Shiba Inu. Another reason that I think responsible for not obtaining the target is the emergence of the Shiba Inu is the result of the NFT hype that is now engulfing crypto.

Moreover, Timothy is famed as an early investor of several popular crypto projects. Regarding the Shiba Inu price, Timothy said,. I think it is never going to happen because it is something cheesy. Another reason is that mathematically that would make it the biggest asset in the world by a hundredfold. How does it happen? There is a horrible tech behind Shiba, and we should focus on no more Shiba ever be created. How funny is it? I hope we never see this type of period ever again because that is stealing money from the real market.

In reply, Nate said,. Everything changes like no one expected that Dogecoin would get where it is today. After getting attention, it started being traded on most top exchanges. The total supply was not much considered here actually. Hype and products are other factors accountable for mass adoption. I think the reduction in total supply will help Shiba Inu achieve the target.

Furthermore, he is an early investor of some successful projects like Chainlink and DOT. When we asked Rasmus about the Shiba Inu price analysis, he candidly said,. Musk is active in social media. Investors should be good listeners and seers as well to whatever he updates in Twitter. Lundblad is notorious in the crypto industry as an oracle enthusiast.

He was very much active in Band Protocol. Then, he moved his attention to Parsiq too when Parsiq introduced its reverse oracle technology. He got himself involved in lending through the IQ Protocol. When asked about Shiba Inu price analysis, Lundblad said,.

Scarcity improves the pricing of anything. Even if Shiba wants to reach 1 cent, we need over 3 billion dollars. Bitcoin and Ethereum have come to this position just because of scarcity. So, obtaining such a value without a real product is really difficult.

Whether they are over-optimistic or if they have any knowledge about the market cap is unknown. On the other hand, Shiba Inu is a newbie in the market, and it has to prove a lot of things. Their only feat to mention is the launching of Shiba Swap. Till now, many crypto experts are viewing Shiba Inu as an experimental project.

Many crypto experts claim that the hype that the meme coin has got will not remain so in the future. Yes, you got it right. What experts think is this meme coin niche will be vanished one day just like the ICO bubble that took place in That is why they drop their comment on Shiba Inu very carefully, not being optimistic.

Verily, making a price prediction of a project in the Crypto industry is really difficult as the crypto market is too volatile. How come is it possible? We really struggled to make this Shiba Inu price article because we needed to take the full scenario of Shiba Inu into our consideration to figure out if Shiba can attain this target or not. We hope you enjoyed the article. Now, the question is to you…….. Let us know your yes or not by commenting below.

Miracles do happen, but not very often. I hope it reaches. Every 10x beyond that is very much unexpected, but will be much appreciated. Only a burn coin burn can change everything. I agree with the comments. Burning is one of them. Shiba Swap low fees is another. Those who dealt in Ethereum network know how expensive it can be.

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SHIBA INU COIN $1.00 IS POSSIBLE?! THE TRUTH.. 🚨 SHIBA INU COIN $1.00 PRICE PREDICTION EXPLAINED! 🚨

Key Points. Shiba Inu is one of the most explosive investments ever. The massive supply of SHIB tokens means hitting the price of $1 per coin is. phisl.xyz › investing › /04/08 › can-crypto-reach One of the reasons some people speculate SHIB could hit $1 is that the cryptocurrency is gaining more traction as a form of payment. Indeed.