Shiba Inu (SHIB) Discussion Thread
- Thread starter THE MACHINE
- Start date
Yeah okay.
Ok bruh
How long have you been in crypto, a few years now? And you're still this ignorant to the basics.
How soon can Shiba Inu (SHIB) reach one cent? Well, that depends on a lot of factors. In my view, SHIB has a good chance of hitting $0.01 at some point in 2022. If it misses this target, then the next possible time to reach this price target is 2024.
The Case For Shiba Inu Reaching One Cent In 2022
For Shiba Inu to reach $0.01, it would need to gain 47,701.15% from its current price. This may seem like a huge figure, but Shiba Inu has done much higher percentages in the past.
For instance, between its launch back in 2020, and in November 2021, Shiba Inu was up by more than 28,000,000%. That’s the kind of price increase that no one would have imagined could happen.
That said, things could be a little different for Shiba Inu in 2022, and it’s unrealistic to expect it to rally by millions of percentages this year. SHIB is now a large-cap cryptocurrency with over a $11 billion market cap, unlike a year ago. If it were to rally by another 28,000,000% this year, it would have a market capitalization larger than that of Bitcoin. That’s highly unlikely.
However, SHIB still has what it takes to rally by between 20,000% and 30,000% for the rest of the year or thereabout. It has already been proven that a thousand percentage gains in weeks are possible. In October 2021, Shiba Inu rallied by 1100%, and most of the gains happened in two weeks.
As such, if the broader market turns out bullish in 2022, then Shiba Inu gaining by over 20,000% is possible. Looking at the market today, there is every indication that bulls could control the market again in the coming months.
One of the key factors that could drive up the crypto market in 2022 is institutional adoption. Since 2020, the institutional uptake of cryptocurrencies has grown exponentially. While institutional inflows have primarily been directed at Bitcoin and Ethereum, it has helped uplift the broader market. That’s because Bitcoin and Ethereum are the most significant determinants to the direction of the cryptocurrency market.
With the regulatory environment getting better and more avenues for institutional money opening up, 2022 could see the crypto market rally past the $3 trillion market cap. For a cryptocurrency like Shiba Inu that is strongly correlated to the broader cryptocurrency market, things could be great.
Shiba Inu also has several internal factors that could trigger a rally in 2022. One of them is the Doge-1 mission that is scheduled for Q1 of 2022.
Since its launch, Shiba Inu was designed to compete with Dogecoin. Its selling point at launch was Dogecoin killer.
This tag has remained strong, and the rally in October was fueled by community hype on Shiba Inu beating the Dogecoin market cap.
The upcoming Doge-1 mission is likely to reignite this rivalry. The mission is fully funded in Dogecoin, and with the influence of Elon Musk behind it, it is expected to push Dogecoin to new levels, possibly over $1.
If this happens, the hype could build up around Shiba Inu as well, just like it did in 2020. In the SHIB-community’s bid to keep up with Dogecoin, FOMO could easily trigger a rally that pushes Shiba Inu up by over 21,000%.
However, if none of the above factors push Shiba Inu to one cent by 2022, the next possible time this could happen is in 2024.
How Soon Do You Think Shiba Inu Can Reach 1 Cent? | Trading Education
The Case For Shiba Inu Reaching One Cent In 2022
For Shiba Inu to reach $0.01, it would need to gain 47,701.15% from its current price. This may seem like a huge figure, but Shiba Inu has done much higher percentages in the past.
For instance, between its launch back in 2020, and in November 2021, Shiba Inu was up by more than 28,000,000%. That’s the kind of price increase that no one would have imagined could happen.
That said, things could be a little different for Shiba Inu in 2022, and it’s unrealistic to expect it to rally by millions of percentages this year. SHIB is now a large-cap cryptocurrency with over a $11 billion market cap, unlike a year ago. If it were to rally by another 28,000,000% this year, it would have a market capitalization larger than that of Bitcoin. That’s highly unlikely.
However, SHIB still has what it takes to rally by between 20,000% and 30,000% for the rest of the year or thereabout. It has already been proven that a thousand percentage gains in weeks are possible. In October 2021, Shiba Inu rallied by 1100%, and most of the gains happened in two weeks.
As such, if the broader market turns out bullish in 2022, then Shiba Inu gaining by over 20,000% is possible. Looking at the market today, there is every indication that bulls could control the market again in the coming months.
One of the key factors that could drive up the crypto market in 2022 is institutional adoption. Since 2020, the institutional uptake of cryptocurrencies has grown exponentially. While institutional inflows have primarily been directed at Bitcoin and Ethereum, it has helped uplift the broader market. That’s because Bitcoin and Ethereum are the most significant determinants to the direction of the cryptocurrency market.
With the regulatory environment getting better and more avenues for institutional money opening up, 2022 could see the crypto market rally past the $3 trillion market cap. For a cryptocurrency like Shiba Inu that is strongly correlated to the broader cryptocurrency market, things could be great.
Shiba Inu also has several internal factors that could trigger a rally in 2022. One of them is the Doge-1 mission that is scheduled for Q1 of 2022.
Since its launch, Shiba Inu was designed to compete with Dogecoin. Its selling point at launch was Dogecoin killer.
This tag has remained strong, and the rally in October was fueled by community hype on Shiba Inu beating the Dogecoin market cap.
The upcoming Doge-1 mission is likely to reignite this rivalry. The mission is fully funded in Dogecoin, and with the influence of Elon Musk behind it, it is expected to push Dogecoin to new levels, possibly over $1.
If this happens, the hype could build up around Shiba Inu as well, just like it did in 2020. In the SHIB-community’s bid to keep up with Dogecoin, FOMO could easily trigger a rally that pushes Shiba Inu up by over 21,000%.
However, if none of the above factors push Shiba Inu to one cent by 2022, the next possible time this could happen is in 2024.
How Soon Do You Think Shiba Inu Can Reach 1 Cent? | Trading Education
THE MACHINE
night owl
We don’t bend, we don’t fold
We HODL!!!
ya I’m not selling anymore…I’m keeping this last bag until 2025 at the least
Plus they are burning their tokens so the price will go up
Kept telling haters this shyt will hit a penny
I'm predicting the next time SHIB goes on a run it's going to 10x. I feel like Robinhood is in the cut waiting for their opportunity to catch that wave.
its possible with the burning and the whole crytpo market gaining traction
but people keep talking that penny shyt dumb and dont understand
it would take it being bigger than the whole crytpo market to hit a penny
lets at least catch up to bitcoin market cap first which isnt likely any time soon