While researching on several websites I found that Shiba Inu price will be around one dollar in 2030, but do you think this can happen? Despite this supply, its price may still be $1. Despite its burning rate being so low, its price can be so high. Don’t all these questions run through your mind? So read this blog further. You will find answers to all these in this blog.
Friends, do you know that the total supply of Shiba Inu is approximately 600 trillion, if its price becomes $0.01 then what will be its market cap? Do you know that its market cap will be 600 trillion, which is possible because currently, the market cap of Bitcoin is approx. 1.2 trillion, so is it possible that the price of Shiba Inu will reach $0.01? Don’t these things make you think? You should think about this,
if a coin has so much supply that its value cannot increase until it meets its total supply in the market, where will the price rise from or until the coin burns out? How will the price increase till then? All these questions should be in your mind. When buying any coin you should always pay attention to its total supply in the market.
If you always pay attention to the total supply and pay attention to its market cap, you can get success while trading because all these coins also depend on the supply market. If the supply of Shiba in the market was less than today the price of Shiba Inu would have been around one dollar. Due to it being too high, it will not be able to reach even close to 1 dollar by 2030. Even if it burns 99 percent of its value by 2030, its price will surely be closer to $1. Underst and all these arguments easily, only then you can do trading.
If you do not know about any coin well then do not invest your money in it, otherwise you may lose your rightful money.
Well, you need to know that Shiba Inu is built on the Ethereum blockchain. This token was created as a joke but it is the first meme coin of the Ethereum blockchain. Due to being built on the Ethereum blockchain, this coin got so much publicity that this coin came into circulation. Within two to four months of the coin’s launch, the price of the coin increased and the profits of thousands of people multiplied despite so much supply, it gave good profits to the people, but people’s expectations gradually increased. Now investors think its price will reach $0.01 in 2024
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Shiba inu price
Till the time of writing the news, an increase of about 8.39% has been seen in the price of this coin. The trading volume of this coin has seen an increase of almost 250 percent in the last 24 hours. Currently, its price is $0.00001056. If we talk about its monthly growth, there has been an increase of about 16 percent in Shiba Inu. It is observed that its market cap is currently $6.24B.
Shiba Inu burn rate
The price of Shiba Inu is about to increase as the burning rate of Shiba Inu has increased by over 1900%. If this coin continues to burn like this, its price will be around 0.0001 in 2024. At present this coin is being sent to the death wallet so that the coin does not come back again. And its supply market should be functional so that its price increases.
shiba inu price prediction
According to Coin Market Cap, the price of Shiba Inu in 2021 was 0.008 which was the highest level at that time. Shiba Inu has not yet touched its all-time high but we estimate that by 2024 the price of Shiba Inu will be around $0.0000135 but it is not easy to say because of its supply market. Due to it being high, its price may increase gradually because as its burning rate increases, its price will also increase.
If its burning rate continues to increase, its price could be close to $0.0000135 in 2024. Its price may be $0.0000257 in 2025. Accordingly, its price may increase by 0.0001 by 2030. If the burning rate remains like this, then in the last 24 hours till the time of writing today, the burning rate of Sheba has been 1900 percent. If this Shiba Inu keeps burning, she will soon achieve her goal.
After researching the website, it was found that the price of Shiba Inu cannot reach close to 1 dollar by 2030 because this cannot happen due to its high supply in the market. It can go down to 0.1 by 2030, and nothing more can be expected, even aiming for 0.1 is very difficult,
So if you want to invest in this coin, if you want to become rich from this coin then first of all you should know about it. Only after that, you should invest your capital in this coin. If you want to become rich soon, then do not invest your capital in such coins even by mistake, otherwise you may have to face loss. You invest only as much capital as you waste. Apart from this, do not invest much capital in such coins and such coins cannot make you rich in 1 year.
If you’re willing to stay for 10 years, you just invest $50-100 and walk away and forget about it. After that, after 10 years the price will be different, these coins fly up like a rocket and also come down like a rocket, they do not have any project, they do not work on any project and their price changes only by trading. shift happens. increases. Therefore, you should always keep in mind that it is not good to invest in such coins for a long time.
Investing in cryptocurrencies for a long time is also harmful because you might have noticed that according to Coin Market, Luna was a project that was said to be very strong but it is not working with its investors. and people had to suffer a lot
How to Buy Shiba inu ?
If you have decided that we will buy that Meme crypto then I will tell you how to create your account on the exchange to buy it. Let’s continue this blog.
1. Choose a Crypto Exchange Platform
If you have decided that you want to buy Shiba Inu, then the first thing you have to do is choose an Exchange. Well, let me tell you that there are two types of exchanges, one centralized and one decentralized. On a decentralized exchange, you easily get all the facilities that are available on a centralized exchange. It is not well made, initially, you have to face a lot of problems regarding its interface and you are not able to be eco friendly but you should choose it.
If you choose centralization it will be easy for you to understand and know it and you will become comfortable with its interface within a few days. Like Binance Exchange, Coin Base Exchange, Coin Exchange, etc. then you can create your account on the exchange.
2. Decide How Much to Invest
Before you create an account, I’d like to tell you how much Shiba Inu you should buy and how you should buy it. First of all, you should know that Shiba Inu is a coin. Invest as much money in it as you are capable and can spend. Do not invest more money than this as it is a nominal coin. does not work based on any project. It is different from the real coin.
It is made as a joke. As long as the coin remains in circulation in the market, its price keeps increasing, and when its circulation ends. Its value decreases suddenly, so invest only as much money in such coins as you can manage, do not invest more than that, otherwise, you will be responsible for it yourself. Invest only less capital in such coins.
3. Create an Account
If you have understood how much money should be invested in Shiba Inu, then now you can go to the Play Store and download this exchange on your mobile. After this, you will have to enter your mobile number and Gmail ID in it. After this, you will be sent an OTP. It will come which you will have to input, and after that, your exchange will be verified. Now you can see the interface of the exchange. If you practice it for two days then you can verify KYC in it.
4. Verify Identity
If you have verified your mobile and Gmail ID then you will have to verify KYC on it. To verify KYC, you have to verify your Aadhar Card, PAN Card, and your identity. After this process is completed, you will get KYC within 24 hours. You can deposit money once your account is verified.
5. Deposit Money And Buy
If you have verified then you can deposit money into this exchange or directly through bank or credit card, debit card or P2P. You can choose any process. Deposit money carefully according to the process you are choosing. So it may take some time for you to get the money.
Disclaimer
All the information mentioned above about Shiba inu is collected and delivered to you through social media. This website does not solicit you to buy in any way and if you purchase any coins, it is your own responsibility and the website is not responsible for any of your actions. If you want to invest in any coin then gat