We come with undervaluation ratio computed as ICO price divided by current price. The higher the ratio is, the more undervalued token. This approach assumes that in the future the token will reach at least ICO price at some point.
Supply and Demand is a big factor that determines the value of anything that can be traded, including all digital currencies in the market. For example, if more people are trying to buy bitcoins, while others are willing to sell them, the price will go up and vice versa.
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That said, Shiba Inu won't be able to reach the $1 mark in the foreseeable future. The latest SHIB price predictions say that the token could reach $0.0001987 by 2025, which is still a long way from $1.
Can Dogecoin reach $10 per coin? Highly unlikely within the next year.
The value of cryptocurrency is determined by supply and demand, just like anything else that people want. If demand increases faster than supply, the price goes up. For example, if there's a drought, the price of grain and produce increases if demand doesn't change.
Tamadoge (TAMA) – Best Memecoin to Trade in 2022
Memecoins are notorious for being extremely volatile, and many question whether you should even invest in these joke assets. One of the most successful of its kind, Tamadoge, boasts an unbelievable potential on its presale.
Waves. WAVES-USD is the final possible candidate to be the next big crypto on the market. Essentially, Waves is a blockchain platform for building Dapps and smart contracts as well as launching custom crypto tokens. The platform uses a variation of the PoS consensus mechanism called leased proof-of-stake (LPoS).
According to TradingBeasts' technical analysis, MATIC may reach a price of up to $1.17 by December 2022. They think that it will then stay at an average trading price of around $0.9 throughout 2023 but will start rising again in 2024, potentially even going up to $1.5.
Why Algorand? Algorand is working on making its blockchain compatible with Ethereum, which would give it better access to decentralized apps. Therefore, the network might have more value than the coin price suggests.
Having a portfolio of 3–9 cryptocurrencies will optimize your risk-adjusted return. Spreading out bets will reduce your risk. Moreover, you'll get to own some of the coins that haven't yet had quite the run that bitcoin and ether have. I would probably set a minimum threshold of coin market cap before investing.
No, Shiba Inu Coin (SHIB) cannot reach $1.
Conclusion. Considering the burn rate requirements, the likely market cap for such a price, and the intense competition amongst cryptocurrencies, it is unlikely Shiba Inu Coin will ever reach 50 Cents.
A Good Year in 2021
The numbers climbed steadily for shiba inu through 2021. The metrics peaked in October of that year when the price of a shiba inu coin reached $0.0000845 — a rise of 1,000% over the previous 25 days. For the year, the coin jumped an unbelievable 43.8 million percent.
Shiba Inu hit all-time highs above $0.00008 per token in early November 2021, surpassing Dogecoin's market cap. At the time, the project's market cap was over $40 billion, ranking it in the top 10 most valuable cryptocurrencies.
The chances of Shiba Inu being much more valuable in the next 10 years than it is today are oddly high. Crypto experts and investors are optimistic that the token will rise gradually over the course of the next ten years. By the turn of the decade, they expect SHIB tokens to be trading at between $0.002 and $0.009.
Based on the price fluctuations of Shiba Inu at the beginning of 2022, crypto experts expect the average SHIB rate of $0.00001268 in August 2022.