Many people bought Shiba Inu because they thought it would go to the moon. These people are mostly newcomers and they don’t know about Crypto Fundamental Analysis and how the market works. Believe me, these people are going to lose money in the long run or may be short term. And the question they keep asking is will Shiba Inu coin reach $1? I will tell you the Full Truth about Shiba Inu coin will reach $1 ever or not by doing the fundamental analysis.
1. What is Shiba Inu
Shiba Inu coin is an altcoin on top of the Ethereum blockchain, which is a different virtual currency than Bitcoin. Shiba Inu is considered by many as an alternative to Dogecoin. In fact, Shiba Inu proponents tout it as a Dogecoin killer. Interestingly, the creator of Shiba Inu Coin transferred half of the total coin supply to his Ethereum founder, Vitalik Buterin, and the other half threw away the key and he locked it in Uniswap.
2. What is the Real World Use Case of Shiba Inu?
The biggest problem with the Shiba Inu Project is its lack of practicality. This is because the Shiba Inu coin started as a Dogecoin killer. His coin gained a very huge marketcap because of hype without having the actual product. Despite being able to surpass Dogecoin’s market capitalization several times, it’s still grappling with price, more for hyped popularity than practicality.
The team is Building Shiba Inu’s Metaverse. They need to add some real-world use cases. Rather than going to some trending stuff. Can You Imagine Shiba Inu Started As a Dogecoin Killer? A Best Crypto project comes up with a solution for Blockchain Industry.
3. How Shiba Inu coin get popular?
The Shiba Inu quickly gained popularity using the popular Shiba Inu image. The coin has established itself as a competitor to Dogecoin, another meme coin that is popular, notorious, and supported by influencers like Elon Musk.
The Creator of Shiba Inu Token transferred half of the total coin supply to Ethereum founder, Vitalik Buterin. He burned most of his Shiba Inu coins and sent $1 billion worth of Shiba tokens to Polygon founder Sandeep Nailwal to help India during the Covid-19 pandemic. After that, the Shiba Inu coin received a lot of attention. This is how the Shiba Inu becomes popular.
4. Is the Shiba Inu Pump Dump scheme?
According to the Wikipedia article, the Shiba Inu coin is the Pump Dump Scheme. There are also concerns that a wallet that controls billions of dollars worth of Shiba Inu coins, and over-buying that retail investors are doing because of FOMO.
5. Will Shiba Inu coin reach $1?
Nowadays, Crypto is a speculation game. The people who bought Bitcoin at $1 didn’t know Bitcoin could go to $69,000. But in the Bitcoin case, it has good fundamentals. Bitcoin has many real-world use cases. If the Shiba Inu coin wants to reach $1, it has to build real-world use cases. The max supply of Shiba Inu is 1000 Trillion and the 400 trillion tokens were burned, which is very high, so the team needs to burn more tokens continuously on the particular timeline so the price can go up.
They are Building Shiba Inu Metaverse which is great. If the team builds Token utility inside the metaverse, for example, buying and selling the NFT, Land using Shib token, Play to Earn concept. It can be game-changing for Shiba Inu Hodler. Without building the utility of the token, it will be difficult to reach even 1 cent.
6. How long will it take for Shiba Inu to reach 1 dollar?
Shiba Inu will take 10 – 50 years to reach 1 dollar. Well, it’s just speculation. Before that, the team needs to burn the token continuously on particular timelines and build the token utility. Also, inflation will play some role in helping the Shiba coins price to go up. Without building real-world use cases, it could even go to $0 as well.
7. Is the Shiba Inu coin a scam?
Shiba Inu coin is not a Scam. It’s listed on many major exchanges like Binance, Coinbase, FTX, and Houbi Global. These exchanges do not list any scam projects. It is not a scam, it just has no utility. They are called meme coins.
These tokens are 100% pre-mined and made just for making developers millionaires. These tokens are pump and dump. People dream of buying them and making a lot of money in a very short period of time, but in the end, only those who are lucky enough to get their hands on them early (developers) get them. can be inserted. You are the one who pays for it. They are worth nothing and will die sooner or later.
First, understand the basic difference between tokens and coins. All tokens are on ETH and Binance smart chain. People don’t realize how easy it is to fall into the trap by creating these tokens. They pay a lot of money for advertising and create false hype. Shiba Inu’s Holder doesn’t want to listen to real facts against their coin.
8. How to do Fundamental Analysis on Shiba Inu?
If you are a Beginner who invests money based on Youtuber or some Influencer’s signal. You don’t know the reality of how the influencers promote the Ponzi tokens. They received huge money as sponsorship to promote the pump dump coins.
How do you identify whether it’s a scam or a good project? It’s time to do a fundamental analysis of that project. By doing Fundamental Analysis, you can find the Best Crypto Project. Here is the best guide on How to Find the Best Crypto project using Fundamental Analysis.
9. What is the future of Shiba Inu coin?
You can’t predict the future in crypto. You can just speculate. Who knows when Bitcoin was at $1 could go to $69,000. Who knows Terra Luna UST can Crash, which loosed over $30 Billion of market cap in just 7 days? Same as Shiba Inu has one of the Largest Crypto communities. If the team builds the use, cases the future of the Shiba Inu coin will be Bright.
10. What is Shiba Inu Metaverse?
Shiba Inu starts a new Metaverse project “Shiberse”. The Shiberse metaverse announcement was made on Shiba Inu’s official Twitter handle. Finally, Shiba Inu enters the world of the Metaverse.
Shiberse Metaverse land is limited to 99000 lots selling virtual land. All 99000 lots will be auctioned on Shiberse Metvarse. In this virtual world, you can buy your own land by placing a high bid. And you can pay with Shiba Inu tokens.
11. Will Shiba Inu coin reach $1 after launching Metaverse?
Currently, Shiba Inu is a meme coin. But now that they’ve come up with the Metaverse project, Shiba Inu seems to be no longer a meme-his coin. When the Shiba Inu Metaverse lands get booming, the price of the Shiba Inu coin will rise and will reach a new all-time high. Also, it can reach $1 in the next 10 years. If they burn it on a timeline. Before that, it has to reach 1 cent.
12. Will Shiba Inu coin reach 50 cents?
It is financially illogical and mathematically impossible for the Shiba Inu coin to reach 50 cents or $0.50, so we cannot help but burn the token supply. The world doesn’t even have enough money to push the price of SHIB to 50 cents.
13. Is Shiba a good investment in 2022?
Many cryptocurrency experts predict the value of the Shiba Inu in 2022, but it is not guaranteed, so be careful. However, forecasts expect prices to break above current all-time highs as early as 2025.
14. Will Shiba Inu coin reach 1 cent ever?
Shiba Inu has a Big community and has broken big records in the crypto industry, including beating its rival Dogecoin. However, the huge supply of coins in circulation prevents the price of the token from reaching 1 cent.
15. Shiba Inu coin price prediction 2022
Shiba Inu has had some positive developments in 2022, including the launch of the Metaverse platform. This is a big deal in enhancing the intrinsic value of the Shiba Inu. Bitcoin also appears to have bottomed out near $19,000. If the worst bear market of 2022 ends and the market hit a tipping point, the Shiba Inu could rise to $0.00005 by the end of the year.
16. Shiba Inu coin price prediction 2025
A cryptocurrency expert has analyzed the Shiba Inu price and its fluctuations over the past few years. It is believed that in 2025, the lowest price of SHIB will drop to $0.000008 and the highest price could reach $0.0001. until the end of the year on average.
17. Shiba Inu coin price prediction 2030
By the end of 2030, crypto will be truly mainstream and used across all industries. Shiba Inu coin is one of the most popular cryptos and is widely used today. As supply continues to decline and demand increases, the Shiba Inu could try $0.001 in 2030 for the first time since its inception. This cements Shiba Inu’s position as one of the best-performing crypto ever created.
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