Is Shiba Inu Coin Dead? How Many Shiba In Coins In 2023

SHIB is a strong capitalization figure, and the Shiba Inu coin stands at 18th on the list of top 50 cryptocurrencies in the market (2023).

Unlike Dogecoin with Musk, Shiba Inu (SHIB) doesn’t have a booster, so probably it will not get the support of a billionaire that could increase its value with one Tweet.

When the coin was pinch-hitting the market, the investors believed that Shiba was a decent choice, but experts didn’t think that SHIB would live longer.

Many Shib investors dream of 1 Cent Shiba Inu, and various ways can make it reach 1 Cent, but the chances of it happening in 2022 are rare.

The supply of Shiba Inu is limited; it concedes a total of quadrillion tokens. Although the token amount is huge, many investors can accommodate quadrillion coins.

DigitalX Asset Management Matthew Harry states that SHIB doesn’t have a secure future. Many experts believe that Shiba will not last after the year 2030.

To explore more on Is Shiba Inu Coin Dead? Or How Many Shiba In Coins In 2022, you can stay with us!

Is Shiba Inu Dead: Solved

SHIB currently does not have much to back up its price. It doesn’t offer much more than ShibaSwap, a decentralized exchange (DEX). Moreover, it does not even offer outlined plans for the future.

That is why there’s a possibility that Shiba Inu will die off if the interest in cryptocurrencies reduces. Other reasons, such as whale movements, have also affected the price.

If these whales sell out, SHIB could easily decrease in value by over 50%. The other way around, a lot of SHIB token futures can be determined by whales.

Since SHIB doesn’t have massive uses, its Twitter superiority may be its inspiration for future prices. Shiba Inu’s spread on Twitter has assisted in increasing prices in the past, and possibilities are that this trend will continue.

See also  I Got Scammed in What Should I Do?

Multiple scenarios are impacting Shiba Inu in going both ways. On the one hand, whale transactions and their lack of use can cause a price crash.

However, on the other side is its Twitter presence and strong community; these both can help drive its price higher. Ultimately, the SHIBA’s fate can be determined by its holders.

How Long Will Shiba Live: Experts’ Opinions

Experts believe that Shiba Inu Coins will not last decades.

Harry expects that, by the end of 2022, Shiba Iny will fall to $0.0001. The story doesn’t end here; he also believes that Shib Iny will lose its entire value in the coming three years.

Harry also said that in this maturing market where the capital is gaining value and quality, things like SHIB would die. This is how things work; the hype dies with the rise in value.

However, besides Harry, many other experts also believe in the lost future of SHIB. Salampasis, the lecturer and director at the Swinburne University of Technology, states that the Shiba Inu cryptocurrency is not a sustainable utility.

As it is a meme coin, Fred doesn’t have much hope for its future. According to him, this currency is getting close to zero and will not be able to offer enough usability in the future.

He further explains that all such coins will disappear to make space for crypto-assets and actual innovation that can offer appropriate use cases.

He doesn’t have great hope for the future of Shib, and he sees this coin will close to zero in the long term, so it won’t be able to provide proper utility.

See also  Is Tron A Good Investment In 2022?

Shiba Inu is a staple of the crypto market, and almost every meme coin enthusiast loves it. However, in a FinTech industry survey, experts state that everyone doesn’t hold positivity about the SHIB community, as many claims that the Shiba Inu coin can lose its value in the future.

A study by Finder claims to have consulted 36 FinTech specialists on SHIB’s future and fundamentals; they proclaimed that the coin could lose all of its significance in the next 8 years.

Many experts believe the Shiba Inu coin has a great future, as it gets the community’s active support. If the Shiba Inu price keeps rising at its current rate, it will surely be an incredible investment.

Can Shiba Inu Hit $0.001 In 2022?

It is crystal clear that Shiba Inu optimists are usually inflexible buyers. They believe a sufficient upside awaits, even following a 46,000,000% increase last year.

But is it true that in 2022 Shiba Inu will eat up additional zeros after the decimal point? In other words, is $0.001 really achievable this year?

Well, the answer is highly unlikely!

Although Shiba Inu apparently outpaced all expectations in 2021. There are numerous reasons its chances of reaching $0.001 in 2022 are highly low.

  • Over a Billion coins were burnt during the last 7 days. At this rate, 0.01% of the coins will be burnt in a year. Around 54 Billion from the 549000 Billion SHIB have been burst so far
  • Shiba Holders will be rewarded in the Shiba Inu Metaverse
  • Shiba is covered by Bloomberg Terminal data

Shiba Emerges As A Leading Doge-Inspired Meme Coin

Shiba Inu was launched in August 2020, and the coin was themed around the dog breed Shiba Inu.

See also  Top 10 Best Penny Cryptocurrency To Invest In 2022

This meme coin is a play on the dogecoin meme, which is itself a parody of the cryptocurrency space. It gained popularity when investors looked for the next bitcoin (BTC) for investment. 

It evolved from the SHIB decentralized meme that incorporates the LEASH and BONE tokens. The ShibaSwap decentralized the Shiba Incubator for non-fungible token (NFT) art.

The Shiba token won investors’ attention when it spiked by 2,405% within three days to a peak of $0.000039 in May 2021.

The rally was activated by entrepreneur Elon Musk’s and Tesla CEO’s appearances on a live television show. As he referred to the cryptocurrency as a “hustle,” his appearance incited a sell-off in DOGE.

The token regained ground over the summer; however, it spiked to an all-time high ($0.00008845) on 28 October.

Musk tweeted his Shiba Inu puppy’s photo in a Tesla on 4 October, gaining more momentum. On 22 October, the Shiba Inu community Twitter account shared an email poll where Robinhood asked users if it should list SHIB for trading.

Should You Buy Shiba Inu Coins: Must Analysis By Your Own

According to the price predictions of Shiba Inu, it can be a good investment. The growth potential of this coin is over 100% for the next few years.

However, it is better to buy Shiba Inu in modest amounts because it hasn’t established its real-world value.

Overall, experts have different opinions and predictions about Shiba Inu Coins. However, a thorough analysis and forecast are necessary before making investment decisions.

The coin’s value can vary within a day, so the new value should be considered from the official website instead of looking at an old one.