After dogecoin, Shiba Inu is the second hottest meme coin in the crypto industry. Once again, it’s because of Elon Musk’s support and tweets.
Elon Musk claims that he doesn’t hold any Shiba Inu, but he has tweeted about this coin multiple times, giving it fame and hype.
So people are expecting its big move in the following bull run.
If you are interested in investing in $SHIB and you think it will show some crazy moves in the following bull run, too, there are a few things that you must understand.
First of all, you should understand that coins don’t go up only in the hype; it all depends on adoption. Secondly, adoption doesn’t come from Elon Musk’s tweets. Adoption requires fundamentals and utility.
For instance, Elon Musk keeps on tweeting about dogecoin, but he understands until he doesn’t give dogecoin adoption, it can’t be the cryptocurrency of the earth.
That’s why he is working on many things to give dogecoin utility. He might accept dogecoin for many projects, including Twitter.
I don’t see much adoption or utility of Shiba Inu so far.
As for now, we know that Shiba Inu is working on metaverse and NFTs.
As we know, many businesses will adopt the metaverse in the following decades, so businesses may use Shiba Inu too.
Suppose businesses use $SHIB, yet supply is the second important price factor. Even after that adoption, the biggest hurdle for $SHIB to show big moves will be its huge supply.
You might already know that the price of any coin is calculated as follows:
Price = Circulating supply over the Market cap
So until the team behind Shiba Inu doesn’t burn a big part of the supply, it won’t meet investors’ expectations.
Many people might think that $SHIB is working on Burns. They must understand that burning coins takes a lot of money. Shiba Inu can’t do it without making money from people. So burning the supply will be a slow process.
New investors should not expect a big move from Shiba Inu. However, it might show the same good move in the following bull run as many other good projects will do.
So if you have plans to buy $SHIB, there is nothing wrong if you believe in the project. Shiba Inu is as good a project as many other coins. But the problem is it has pretty less utility.
If you still want to invest in this crypto, you should at least wait until it meets the following crypto investment requirements.
Now let’s answer the most frequently asked questions about Shiba Inu price.
Will Shiba Inu reach 1 cent by 2025 or 2030?
Shiba Inu will require a 5.5 trillion dollars market cap to reach 0,01 with the current circulating supply, that’s nearly impossible for $SHIB in the following decades.
If we suppose that Shiba Inu burns its supply, it will be required to burn 99% supply to reach 1 cent price, which is also impossible in the following decade.
In short, I don’t see Shiba Inu reaching 1 cent in this decade or even the following decades without a huge continuous burn over time.
Can Shiba Inu reach half a cent?
With the current supply, Shiba Inu requires at least 2.5 trillion dollars in market cap to reach half a cent. That’s nearly impossible for $SHIB to reach that level.
Will Shiba Inu Reach 50 cent or higher?
As of my knowledge, there is no way Shiba will reach 50 cents or higher in this decade or even in the next decade. However, if the team behind $SHIB burns the supply by more than 99%, it can reach 50 cents or higher by 2030. And I don’t see that happening ever.
In short, in my opinion, Shiba Inu is no more a 100x coin.