Will Shiba Inu Coin Reach 50 Cents In 2022?
✍️ 9 September, 2022 - 20:06 👤 Editor: Jakub Motyka
- Many people are looking for forecasts on whether the Shiba Inu (SHIB) coin price will reach 50 cents in the future.
- The truth is that there is a clear prediction about the future price of 50 cents of the Shiba Inu crypto SHIB: it is mathematically impossible for it to reach that figure.
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Will Shiba Inu (SHIB) coin reach a 50 cents price in the future? The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either.
In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents. The reason is very simple: pure mathematics. To know if the Shiba Inu cryptocurrency will one day be worth $0.50, simply make a calculation based on its current price and market capitalization.
Why Shiba Inu (SHIB) Will Never Be A Crypto Coin Priced At 50 Cents In The Future
Sometimes you need to keep your feet on the ground and when it comes to speculating about whether the Shiba Inu (SHIB) crypto could be worth 50 cents in the future, make real accounts on its price. This would be an example of a needed tip for Shiba to be worth $0.50:
|Year||Price Of Shiba Inu||Market Cap|
|2023||(x2) $0.00002626||(x2) $14,412,746,294|
|2024||(x5) $0.00006565||(x5) $36,031,865,735|
|2025||(x100) $0.001313||(x100) $720,637,314,700|
|2030 (imagined future)||(x38.000) $0.49894||(x38.000) $273,842,179,586,000|
For the price of Shiba Inu (SHIB) in the future to reach $0.50, it is first necessary for its current price > ($0.00001313 at the time of writing this news today, September 9, 2022) is multiplied by 38 thousand times.
We have seen big gains in the cryptocurrency market in recent years, but x38,000 are big words. In any case, imagine for a moment that this happens. Let's say for example that the price of Shiba Inu (SHIB) manages to make a x38,000: even if that were to happen, there is another reason why the future prediction of $0.50 is impossible.
Why Shiba Inu Coin Will Not Be Worth $0.50 In The Future Even If Its Price Multiplies x38,000
The reason the $0.50 Shiba Inu (SHIB) forecast is impossible is due to their market cap. At the moment the Shiba crypto has a market cap of 7 billion dollars (7,206,373,147$, to be exact), which which means that, to keep pace with a hypothetical increase in its price, said capitalization would also have to be multiplied by 38,000.
If we multiply $7,206,373,147 by 38,000, the result is $273,842,179,586,000. That is, more than 273 billion US dollars. To put it in context, the GDP (Gross Domestic Product) of a country like the United States is 20.94 billion dollars.
Therefore, Shiba Inu (SHIB) would have to multiply x10 the GDP of the United States to be able to trade at a future price of 0.50 dollars. Something that, today, seems complicated.
❓ Frequently Asked Questions About Shiba Inu (SHIB) Price Forecast In 50 cents
At this point, let's briefly review all the possibilities about the Shiba Inu coin price reaching $0.50. Questions such as "Will the Shiba Inu cryptocurrency reach $0.50 in 2022?", "How much would the SHIB price have to multiply to reach $0.50?", or "What market capitalization would the Shiba Inu (SHIB) need to be worth $0.50?" are some of the common questions that we are going to answer below:
Can Shiba Inu Coin Reach 50 Cents In 2022?
It is impossible that the coin Shiba Inu (SHIB) will reach a price of 50 cents in 2022. The math prevents it: it would have to achieve a market capitalization that is 10 times the GDP of the United States in order to achieve it.
How Much Would The Price Of SHIB Have To Multiply To Reach 50 Cents In The Future?
To reach the price of $0.50, the coin of Shiba Inu (SHIB) must multiply its price x38,000. In other words, it would have to be worth 38,000 times what it is worth right now.
What Market Cap Would Shiba Inu (SHIB) Need To Become Worth $0.50?
If it wanted to be priced at $0.50 in the future, the Shiba Inu cryptocurrency should reach a market capitalization of $273,842,179,586,000.
What Is The Shiba Inu’s Prediction If Its Price Is Multiplied By 5?
In the event that the price of Shiba Inu (SHIB) did a x5 in the coming months, its price would reach 0.00006565$.
And If The Price Of Shiba Inu Is Multiplied By 100, What Is Its Forecast Price In The Future?
If the price of this cryptocurrency is multiplied by 100 in the future, its price forecast would be $0.001313.
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