Will Shiba Inu Price Reach $0.01 or $0.001 With a Market Cap of $10 Trillion

The price of the Shiba Inu could reach substantial heights if it ever reaches a market capitalization in the trillions of dollars.

The crypto market offers investors numerous opportunities to achieve considerable gains on their investments. While Bitcoin (BTC) pioneered the experiment, altcoins like Shiba Inu have made massive contributions.

Shiba Inu claims historic race

For example, a previous report from CoinGecko confirmed that SHIB turned an investment from $13 to $1 million in 453 days during the 2020/2021 bull market, making it one of the most successful crypto assets and the most successful among the 100 first during this period.

This historic run has influenced several bullish projections for Shiba Inu, with analysts expecting the crypto asset to witness a similar price explosion during the ongoing bull run. Notably, SHIB has already demonstrated its potential in the first phase of the ongoing bull market, having surged almost 400% between late February and early March.

Some people are optimistic that the second largest coin will not miss this bull run. However, the extent of its rebound remains uncertain. While the goal of $0.00008 has featured prominently among analysts, others believe SHIB could land a new high above $0.0001.

Meanwhile, the targets of $0.001 and $0.01 have also appeared in these discussions. For example, last month, Crypto analyst Sheriff predicted a long-term Shiba Inu target of $0.001 following a breakout. Market analysis resource CoinCodex also recently discussed how SHIB could reach $0.01.

Can SHIB reach $0.001 and $0.01 with a market cap of $10 trillion

However, despite the prevalence of these bold goals, most investors remain skeptical. Aaron Arnold of Altcoin Daily argued last month that it is impossible for Shiba Inu to reach $0.01. This skepticism is due to the large circulating supply of SHIB, which would lead to unimaginable market capitalizations at such high prices.

Nonetheless, some argue that Shiba Inu has the ability to reach higher market capitalizations in the future as more capital flows into the market, ultimately surpassing the previous high of $40 billion reached in late 2021.

Amid these projections, we recently assessed whether SHIB could reach the $0.01 and $0.001 targets if its market cap reaches a bold $10 trillion. Notably, with a market valuation of $10 trillion, Shiba Inu would boast a price of $0.0169, considering its current circulating supply of 589 trillion tokens.

This price essentially puts Shiba Inu above the $0.01 price and $0.001 level. However, while this presents a hypothetical scenario in which SHIB could claim these goals, the $10 trillion market valuation is highly unlikely for SHIB, especially in the current market landscape.