Shiba Inu ($SHIB) meme coin has made the cryptocurrency world speculate on what it might mean. It’s often asked: Could it ever reach the magical $1 price by 2025? This dream excites fans, but some experts think the goal is unrealistic. What’s the deal with $SHIB actually and is there another inexpensive crypto to examine? Read on to find out!
Why $1 Seems Far for Shiba Inu
Active community, playful branding, and gaming with crypto made Shiba Inu known as the ‘Dogecoin Killer’. But reaching $1 is a huge task. Here’s why:
- Huge Supply: Currently, Shiba Inu has a supply of over 589 trillion tokens. If $SHIB manages to reach $1, its total market cap would have to go up to $589 trillion. That’s much more than all the global economies!
- Market Trends: It’s always uncharted territory in the crypto market. In the past, Shiba Inu has experienced some big price jumps, but with the token trading for around $0.00001, a $1 milestone would need an unbelievable 10,000,000% increase in value.
- Competition: Older coins like $SHIB are always losing momentum as older projects with better tech or use cases are being launched constantly.
Why Fans Stay Hopeful
Shiba Inu has a dedicated following, even with the odds. The community, known as Shib Army, still pushes forward for adoption. They’ve been in favor of token burns (destroying some coins to reduce supply) and creating things like Shibarium, a blockchain intended to make $SHIB gain in value.
Nevertheless, perhaps, complete and sole dependence upon hope is not the safest move. If you want to keep hunting for cryptocurrencies that cost well under $1, there are still more good candidates.
Crypto Alternatives Under $1
- XRP ($XRP): XRP is known for its use in cross border payment, its affordability, and where Ripple company, is working with banks and other financial institutions in making transactions. Real world is where its applications lie, and it attracts long term investors.
- Cardano ($ADA): Its price has set above $1 at times, but this is mostly under $1. The blockchain of Cardano is considered eco friendly and is selected to support decentralized apps.
- Dogecoin ($DOGE): Dogecoin, another meme coin like Shiba Inu, remains popular with people, its mention by celebrities like Elon Musk adding credit to it.
- Chiliz ($CHZ): The idea behind this crypto is to support sports and entertainment fans. Then there’s sports teams, with fan tokens for major teams which lets supporters interact with their favorite clubs in new ways.
- Tron ($TRX): Tron is the blockchain platform for content creators. However, because it is low priced and adoption is growing, it is a strong contender.
The Bottom Line
It might be a bit hypothetical to expect Shiba Inu to hit $1 in value by 2025, but don’t give up on the crypto market. There are a lot of real potential low cost coins under $1. Always do your research on the project and goals before investing, it’s luring, hype is.
The beauty of crypto is that it’s exciting, but it’s also risky. Honestly, without doing your research and never investing money you can’t afford to lose. Who knows? Maybe the next big success story is just around the corner.
Also read: Will Dogecoin Price Be Poised to Reach $1?
