Shiba Inu coin has amazed investors with an impressive amount of capital gains. Shiba Inu Coin price in the year 2050 is a new question that investors are fascinated about. In this article, I will forecast the Shiba inu coin price prediction for 2050. The probability of shib reaching a $1 price is also explained here in this video. The challenges and requirements Shiba inu coin has to go through until 2050 are also described.
Challenges for Shiba Inu Coin
There are some major challenges that the Shiba inu coin has to follow in order to reach a glorious $1 price by 2050. Shiba coin reaching this price may seem very easy to most naive investors but in reality, there are many factors and challenges that could resist the Shiba inu coin to hit the golden price.
# Huge Supply: Shiba Inu coin has 589,382,239,540,654 coins in circulation. 589 trillion coins in the supply is not a small number. It could take years for this supply to be burned or bought. Right now the supply of the Shiba inu coin seems to be the hurdle that is stopping for the meme coin to skyrocket. But the supply will be reduced with time so this is not a big matter if you are a long-term investor.
# Meme coin tag: The rise of non-utility bases coins such as dogecoin gave an impressive beginning to the Shiba inu coin. Unfortunately, there are some crypto experts and analysts who still consider the Shiba inu coin as a ‘speculative’ or meme coin to be specific. The good news is that developers of the Shiba inu coin are working hard to bring new utilities such as the shib metaverse and the shibarium blockchain to get rid of this meme coin tag.
# Anonymous developers: Even though Shiba Inu is a very popular coin with great utilities but still we don’t know the actual people behind this project except for Vitalik Buterin who is not a developer. Vitalik Buterin’s name got attached to the Shiba Inu coin because he received a massive supply from the coin which he later burned and donated to the India Covid relief fund. Unfortunately, Shiba inu coin real developers being unknown is a little concern.
How will Shiba Inu come over these challenges?
Shiba Inu coin has a lot of supporting factors that will help it regain its momentum on the way to higher price levels. Shiba inu can definitely come over these challenges and emerge as one of the most advanced meme cryptocurrency.
Shiba inu developers have major plans to make Shiba inu the top players in the defi space. Shiba Inu already runs its own decentralized crypto exchange called ‘Shibaswap’. Not only these, but soon they are releasing Shibarium shiba inu’s own blockchain, Shiba Eternity P2E game, and more utilities. These products from shiba inu ecosystem will help Shiba inu become the top crypto in the defi space and remove the meme coin tag.
Shiba Inu Coin Supply
Shiba inu coin currently has 580 trillion coins in supply which is a huge supply. The following is the main reason why he hasn’t seen shiba inu coin at the one-dollar price despite the massive surge in market value. This amount of supply reflects the price of cryptocurrencies in many zeros after the decimal. Most naive investors like to see those multiple zeros and assume that the price is soon gonna get rid of those zeros. But in reality, it is not like this.
In order to hit the $1 price shiba inu coin has to go through a massive burning of coins in the supply. It is true that millions of shib coins are being burnt daily but still, it’s not enough for creating scarcity.
Shiba Inu Coin Price in 2050
Shiba Inu coin price prediction for 2050 is around $0.01. Shiba inu coin is expected to reach the one cent price in the year 2050. It is still a lot of time until 2050 but when the time comes it’s definitely gonna cherish the investors of shiba inu coin. Those who have invested in shiba inu coin and will hold this crypto regardless of market fluctuations will be rewarded.