Is Shiba A Good Investment? | ZebPay (2024)

FAQs

Is Shiba A Good Investment? | ZebPay? ›

Shiba INU (SHIB) is a high-risk investment. However, earlier deemed as a “meme coin” with little utility other than trading, SHIB is increasing its applications. It has its own Metaverse called Shib Metaverse.

Despite favourable circ*mstances in the broader crypto market, such as bitcoin's price surge, investing in Shiba Inu may not be a wise choice for everyone. Drozdz adds: “Despite a positive environment, such as increases in the price of Bitcoin, investing in Shiba Inu does not appear to be a good option at the moment.”

Simply put, there is no way Shiba Inu can rise to $1 in its current state. The community is trying to shrink supply by "burning" tokens, which removes them from circulation forever, but efforts have been futile so far.

Shiba Inu's Potential Value with Ethereum at $20,000

If Shiba Inu were to mirror Ethereum's growth and achieve a 427% increase from its current price, its value could skyrocket to $0.0001282. This price level would be a new all-time high for Shiba Inu, breaching its previous ATH of $0.00008845.

Will Shiba Inu coin reach 50 cents? The forecast states that after realizing the dream of 1 Cent, Shiba Inu could reach 50 Cents in 2050. This is about thirty years from today, and about 27 years later. However, there is no guarantee that the shib will be able to reach 50 Cents in the next three decades in 2050.

Long-Term Prospects: While Shiba Inu has experienced moments of significant attention and could continue to do so, its long-term investment viability remains uncertain. Investors should weigh the instability and unpredictability against the potential for high returns before deciding.

Based on our research, ButtChain, Bonk, Sealana, Bitcoin, Celestia, and Solana stand out as the best cryptos in 2024.

While it foresees a steady growth trend for the token in the coming years, it projects touching $0.1 will likely not be possible until 2050. Per the Telegaon projection, Shiba Inu is likely to trade at a low price of $0.62 by 2050 and a high price of $1.06.

For Dogecoin's price to skyrocket, demand would need to outpace rising supply. That's a tall task. In my view, then, there are no fundamental reasons to be long-term bullish about Dogecoin. In fact, it's very unlikely the token will rise 600% to reach $1 by 2030.

Since the value is less than a penny, Shiba Inu is essentially worthless. At a price of roughly $69,000, Bitcoin is very much determined by supply and demand. In contrast, the prices of Shiba Inu and most meme coins are merely a reflection of their current sentiment on social media. Image source: Getty Images.

What will SHIB be worth in 5 years? ›

How much Shiba Inu (SHIB) is needed to be a millionaire at $0.05? If SHIB reaches a price of $0.05, you would need about 20,000,000 (20 million) tokens to have $1 million worth.

In the dynamic landscape of cryptocurrency, these ten coins, including TRON, Shiba Inu, Astar, Kaspa, Dogecoin, Stellar, Kava, Polygon, Cronos, and VeChain, present diverse potentials for reaching the $1 milestone in 2024.

Holding 10,000 Dogecoin Could Make You A Millionaire, Predicts Crypto Analyst. Since 2021, Dogecoin (DOGE) has consistently been one of the largest cryptocurrencies in the market. The token has attracted tens of billions in investment and is up more than 27,000% since its launch.

While it foresees a steady growth trend for the token in the coming years, it projects touching $0.1 will likely not be possible until 2050. Per the Telegaon projection, Shiba Inu is likely to trade at a low price of $0.62 by 2050 and a high price of $1.06.

Overall, Dogeverse is the best cheap crypto to buy right now. As the world's first multichain meme coin, Dogeverse is deployed across several major blockchains including Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana.