This article explores the potential price growth of Shiba Inu if its market cap reaches that of Solana, Ethereum, or Bitcoin, highlighting ambitious targets with fewer zeros.
Shiba Inu came under bearish pressure again on Friday, with its price plummeting to just above $0.00001600. This unexpected downturn emerged as Bitcoin retested the $65K level for the second time this week.
Despite this, optimism remains high regarding Shiba Inu’s potential targets for this season. Analysts have suggested ambitious market valuations for SHIB, including a $100 billion target proposed by widely followed analysts Jake Gagain and Zach Humphries. Notably, this bold market cap would exceed those of prominent crypto assets like Solana, XRP, and Cardano.
This article explores Shiba Inu’s potential market value in hypothetical scenarios where it attains the current market caps of market leaders Bitcoin, Ethereum, and Solana.
Shiba Inu Price with Solana’s $79 Billion Cap
As of now, Solana is trading at $169, corresponding to a market cap of $79 billion. Meanwhile, Shiba Inu’s market cap is about eight times lower, with a valuation of $9.9 billion. With this cap, SHIB trades at $0.00001687.
If Shiba Inu were to attain a $79 billion market cap, it would eliminate a zero from its price. Specifically, Shiba Inu would record an increase of 700% to approximately $0.0001344.
Shiba Inu Price with Ethereum’s $296 Billion Cap
Shiba Inu could see a much higher valuation with the market cap of Ethereum, currently at $296.6 billion. To achieve this valuation, Shiba Inu’s price would need to soar by approximately 3,000%.
While it would still retain three leading zeros, its market price would be around $0.0005 at that time.
Notably, this analysis assumes that Shiba Inu’s circulating supply of 589 trillion remains unchanged.
Shiba Inu Price with Bitcoin’s $1.32 Trillion Cap
Bitcoin remains the cryptocurrency with a trillion-dollar valuation. In a hypothetical future where Shiba Inu commands a $1.32 trillion cap like Bitcoin does today, the meme coin would trade with significantly fewer zeros than it does now.
Specifically, Shiba Inu would be trading at $0.00224. Achieving this level would require an astounding price growth of 13,278%.
It’s worth mentioning that Shiba Inu experienced more than 20 times this required percentage growth in the last cycle. Its market valuation was just a few hundred dollars when it launched, enabling it to soar astronomically as more people joined the SHIB market.
However, now that Shiba Inu has a market cap of billions of dollars, the likelihood of seeing explosive growth like in the past is diminished.
For instance, while Shiba Inu took less than a year to eliminate five zeros, prediction platform Telegaon argues it will struggle to eliminate two more zeros over the next eleven years.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
