Introduction
In Bitcoiva, the best crypto exchange in India, the Shiba Inu stands at the price range of 0.00070205 INR in early Jan 2023, and it attains 0.00113649 INR as its ATH of the same month. Then, it moved up to 0.00138645 INR in February 2023. After the coins slowed down and rolled down the trend, they attained their ATL on June 2023 at 0.00047087 INR. In December 2023, it moved up to 0.00105589 INR. Most experts predict that the Shiba Inu price will go up and attain its ATH in 2024, which will give 400x profits for the holders.
Is Shiba Inu Burning Event Increase its Price
According to Shibburn, a community-driven Shiba Inu burn analytics highlights that exactly 76,403,022,296 (76.4 billion) SHIB tokens were burnt last year. The Shiba Inu team confirmed that the Shibarium layer-2 network will begin to burn its SHIB tokens in 2024. According to its latest release, 70% of the transaction fees on Shibarium are used to burn the Shib tokens, and 30% of its costs are used to efficiently maintain the Shib token networks.
In January and February 2023, there were 17 million tokens burnt, which is the lowest compared to the other months of 2023. Over 602 million tokens were burnt in March 2023. In May 2023, a total of 6.7 billion tokens were burnt. The token burns remain sustained in June and July 2023. In August 2023, the burnt count emerged as 463 million tokens. In December 2023, the community burned 8.2 billion tokens as Shibarium recorded a surge in its daily transaction record. The burnt event destroyed over 41% of the Shib coins in its circulating supply.
The Burning event of the Shibarium token kept the resistance level of Shib coins at 0.00092 INR after the burnt event of the Shib coin in December 2023.
Note: The crypto coin burning is an event that the owner or individual trader executes to increase the price levels of the token. After the burnt event of the token, its price increased and remained sustained. The burning event helps reduce the token’s circulating supply in the current market.
Will the Bitcoin Halving Event Increase the Price of Shib Coins?
Bitcoin halving is a protocol that can be executed at an interval of every four years. Bitcoin halving is cutting the block reward into half of the blocks while reaching every 210,000 blocks. The Bitcoin halving will take place in April 2024. A usual market bull will take place after the Bitcoin halving event.
The forecasting of Shiba Inu will be excellent in early 2025, in which we follow the 4-year cycles of the previous market.
Bard, google’s AI, predicts the Shiba Inu after the Bitcoin Halving event in 2024. The forecast says if the BTC hits $100,000, then the price of the Shib coin will be $0.00003185, a 205% increase from its current value. The Shiba inu forecasts a 433.29% increase if the BTC hits $250,000.
Shiba Inu price predictions from 2024 to 2030
In 2024, the price prediction of Shiba Inu will reach a minimum of $0.000015686, an average of $0.00001925, and a maximum price of $0.000022826.
Shibarium, in its X account, says it will reach new heights in 2024.
In 2025, the price prediction of Shiba Inu will reach a minimum of $0.000040301, an average of $0.00005456, and a maximum price of $0.000068832.
The Shiba Inu Coin will attain its yearly low of $ 0.00001943 and a yearly high of $ 0.00007357 in 2026.
SHIB Coin will attain its yearly low of $ 0.00002143 and a yearly high of $ 0.00003450 in 2027.
Shiba Inu Coin will attain its yearly low of $ 0.00002242 and a yearly high of $ 0.00005329 in 2028.
In 2029, the Shiba Inu Coin will attain its yearly low of $ 0.00004645 and a yearly high of $ 0.00004645.
In 2030, the Shiba Inu Coin will attain its yearly low of $ 0.00005012 and a yearly high of $ 0.00009446.
Will Shiba Inu Reach $1?
For the context, Shiba Inu has 589 trillion tokens in circulation and hardly just 1.3 million holders. The adoption must catch up with the circulation, making its price dip or remain constant.
If everything goes right and we assume that Shibarium burns 3 trillion tokens yearly, it would still not make SHIB reach $1 in our lifetime. The dynamics here come into play differently as the supply would remain plenty with scarce demand.
Will the Shiba Inu coin Reach 1 rupee?
To reach 1 Rupee, Shiba Inu will need to rise nearly 1600 times. Shiba Inu’s current Market Cap is Rs 36000 crores. At 1 Rupee, Shiba Inu’s Market Cap will be Rs 589 lakh crores. Reliance’s Market Cap is 15.99 lakh crores. If Shiba Inu rises at 50% yearly, it would take seven years to reach 1 Rupee.
Overview of Shiba Inu Coin
SHIB is the native token of the Shiba Inu network, powered by the Ethereum blockchain. Shib employs tech similar to the BTC, facilitating easier transactions with the ERC tokens. The network runs on Ethereum Layer-2 Blockchain and it has its tokens such as SHIB, BONE, and LEASH. It is a meme coin and primarily focuses on DeFi and Gaming.
Cryptocurrency- Shiba Inu
- Token-SHIB
- Price -$ 0.00001089
- Market Cap- $ 6,417,347,074.6082
- Trading Volume- $ 124,572,481.4682
- Circulating Supply- 589,300,114,573,411.1250
- All-time High -$0.00008845 Oct 28, 2021
- All-time Low -$0.0…08165 Sep 01, 2020
How to buy Shiba Inu (SHIB) in India?
You can buy SHIB/INR tokens in Bitcoiva by depositing INR in your Bitcoiva wallet. You can also buy SHIB/USDT tokens in Bitcoiva.
Here are the steps you can follow to buy SHIB tokens in India.
Step1: Sign Up with the Bitcoiva Platform
To Trade SHIB in India, you must register your email and mobile number. If you already have an account, log in with your credentials. Register your account with this link or download the Play Store and App Store mobile apps. Bitcoin provides the best crypto trading app with a more secure and user-friendly experience.
Step2: verify your email Address
Once, you have registered with your mobile number and email address, then you will receive an activation mail for security purposes. You need to click the activation mail received to your mail ID. Bitcoin offers two security options; one can receive OTP from mobile numbers and mail or by setting 2FA.
Step 3: Complete your KYC verification process
You must complete the KYC verification process to deposit or withdraw funds into the Bitcoin Wallet.
Step 4: Complete your KYC verification process
Complete the KYC process by uploading your ID proofs and other details to verify your account. After verifying successfully, you can deposit your funds and start trading.
Step 5: Wallet Transfer
Your deposited funds are in the main wallet; make a wallet transfer. To start trading your favorite currencies, you must transfer your funds from the main wallet to the spot wallet.
Step6: Buy SHIB on Bitcoiva
From the spot Exchange in Bitcoiva, you must choose your SHIB/INR or SHIB/USDT. Enter the total amount of SHIB to buy in India. After checking all the data in the order book, charts, current price, and buy and sell data, you can choose the buy option in Bitcoiva and click the Yes Proceed button. Finally, your order has been placed quickly.
FAQ
How much can SHIB 1,000 rupees buy?
In Jan 2024, according to the current price in Bitcoiva, you can buy 1,086,956.52173913 SHIB coins.
Which app is best to buy Shiba Inu in India?
In India, Bitcoiva is the best app for buying Shiba Inu, which has the highest liquidity compared to other crypto platforms. You can buy Shiba Inu in Bitcoiva in the iOS and Android apps available in the app stores.
What is the value of 1 SHIB in INR?
In Jan 2024, according to the current price in Bitcoiva, 1 SHIB is equivalent to 0.00092 INR.
How much is 100 SHIB in INR?
In Jan 2024, according to the current price in Bitcoiva, you can buy 108,695.652173913
SHIB coins.
Will Shiba Inu grow in the future?
Market analysts predict that Shiba Inu will grow to $0.00000851 and will not fall below $$0.00000657 in November 2024. If the Shibarium layer-2 projects grow prominently and continue to develop quality projects, they can attain a new ATH within 2030.
Where can you buy Shiba Inu coins in India?
You can buy Shiba Inu (SHIB) crypto in India by visiting the site and learning more about how to buy Shiba Inu (SHIB); you can view the video: How to trade crypto in India?
Visit us at: www.bitcoiva.com