June 26, 2022


Will Shiba Inu Coin Reach 50 Cents? It would take SHIB 79 years to reach 50 cents if it were to rise at 15% per annum

Shiba Inu coin is based on Ethereum ERC20 but the developers are working on their own layer-2 blockchain, Shibarium. However, it is still not clear when Shibarium will be rolled out as most of the Shiba Inu investors are keeping their last hope for a surge in Shib’s price on Shibarium.

Now the question arises, Will Shiba Inu Coin Reach 50 Cents, or Can Shiba Inu Coin Reach 50 Cents?

Let us discuss, the current scenario of Shiba Inu:

At its current price, for Shiba Inu to reach 50 cents it will have to rise 50,000 times which means the market cap of Shib will also multiply by 50,000 times. If so happens, SHIB will not exceed the market cap of Ethereum on which it is based which somewhat seems impossible as of now.

However, nothing can be written off when it comes to crypto prices. Let us do some maths and try to understand the scenario for “Will Shiba Inu reach 50 Cents?”

Price as of June 16th

$0.000008

How many times will the price have to rise to become $0.50?

62,500

Market Cap as of June 9th

$4.4 B

How much is 62,500 times $4.4 B?

$275 Trillion

If SHIB were to rise 15% per year, how many years to reach 50 cents?

79 years

Will Shiba Inu Coin Reach 50 Cents? What Are the Factors That Can Help Shiba Inu Coin Reach $0.50 Cents?

  • Massive Rise In Price Of Shib

If Shiba can roll out all its development plans – Metaverse, DEX etc in an effective way, the demand for SHIB coins would rise, and hence the price

If the current SHIB plan can be accelerated, the rise in prices would be faster

Shiba Inu 50 Cents? Conclusion

Considering the burn rate requirements, the likely market cap for such a price, and the intense competition amongst cryptocurrencies, it is unlikely Shiba Inu Coin will ever reach 50 Cents.

Will Shiba Inu Coin Reach 50 Cents?

Read: Shiba Inu Price Prediction and Forecast



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