Shiba Inu could see a massive price growth of 8,558% in the theoretical scenario where its market cap attains the $1 tillion level.
Shiba Inu is currently trading at a two-month high with a price range of $0.0000196. The second most prominent meme coin boasts a market cap of $11.55 billion at this price.
Notably, Shiba Inu attained its best market capitalization about three years ago, on October 28, 2021, when it traded at an all-time high with a cap of over $41 billion.
While SHIB is trading today at about one-fourth of this cap, Shiba Inu’s performance in this ongoing bull run has led enthusiasts to believe that it could reach market caps beyond the unprecedented $100 billion this cycle.
This article explores Shiba Inu’s potential price in the hypothetical scenario where it attains market caps of $100 billion, $500 billion, or even $1 trillion.
Shiba Inu Price with $100B and $500B Market Cap
Notably, Shiba Inu has an enormous circulating supply of approximately 589 trillion tokens. With a hypothetical market cap of $100 billion, Shiba Inu would be worth approximately $0.0001697 per SHIB token.
Numerous crypto analysts have argued that Shiba Inu has the potential to reach the $0.0001697 price. Back in March, analyst Jake Gagain declared that Shiba Inu would crack the $100 billion cap. In a follow-up post, he asserted that Shiba Inu would even precede Dogecoin in attaining the valuation.
Later in June, famous community pundit Zach Humphries also boldly stated that SHIB could achieve the $100 billion cap this season.
For context, this threshold represents a massive growth of 765.81% from Shiba Inu’s current level of $11.55 billion at a $0.0000196 price. This growth would become even more substantial when factoring in SHIB’s price to a market cap of $500 billion.
In particular, a $500 billion market cap for Shiba Inu corresponds to a price of approximately $0.0008485. This price level demands a growth of 4,229% from its current price level of $0.0000196.
Prediction platform Telegaon has disclosed that Shiba Inu could reach a $0.0008 price level by 2035. However, the crypto exchange Changelly argued that the target would be attainable by 2032.
Shiba Inu Price with a $1 Trillion Market Cap
Notably, at the more audacious market cap of $1 trillion, Shiba Inu will be trading with just two zeros at $0.001697. This would amount to an astonishing 8,558% price gain from current gains.
According to Telegaon, Shiba Inu would trade at $0.001697 between 2035 and 2040. Changelly agrees with this timeline, projecting a maximum value of $0.00162 by January 2040.
Notably, these estimations assume a scenario where Shiba Inu’s circulating supply remains stagnant without burns.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
