If Shiba Inu’s market cap reaches $300 billion, $700 billion, or $1 trillion, SHIB could eliminate up to two zeros after its decimal point.
Shiba Inu (SHIB) has a reputation for generating massive returns, as evidenced by the 2020/2021 bull cycle, where it surged over 150 million percent in 14 months. Despite its recent underperformance, investors remain confident in SHIB’s prospects for a strong recovery.
According to data from CoinMarketCap, Shiba Inu is up 5.2% over the past day to $0.00002450. It is ranked as the 15th largest cryptocurrency in the world, with a market capitalization of $14.45 billion.
The price of the Shiba Inu if its market capitalization reaches $300 billion, $700 billion or $1 billion
Even though Shiba Inu is currently trading below its March 2024 high of $0.000045, investors and analysts are confident about the asset’s massive upside potential.
These enthusiasts predict that Shiba Inu could reach unprecedented levels, potentially pushing its market capitalization to $300 billion, $700 billion, or $1 trillion.
Amidst these projections, we estimated how much a Shiba Inu token will be worth if SHIB’s valuation hits these targets.
Shiba Inu Price at $300 Billion Market Cap
Reaching the $300 billion market cap requires a 1,976% rally from the current valuation of $14.45 billion, surpassing XRP’s valuation of $140.54 billion.
With a market cap of $300 billion, the price of one SHIB token will be worth $0.0005. This estimate assumes that the circulating supply of Shiba Inu does not change from the current figure of 589.25 trillion.
It is worth mentioning that several experts have predicted that Shiba Inu could reach the $0.0005 mark. Last month, famous crypto chartist Big Mike foreseen that Shiba Inu could reach the target of $0.0005 if it successfully overcomes a complex network of Elliot Wave structures.
Shiba Inu Price at $700 Billion Market Cap
For Shiba Inu to reach a market cap of $700 billion, it needs to rise 4,744% from the current valuation. Achieving this feat will position Shiba Inu as the second largest cryptocurrency in the world, as SHIB will potentially usurp Ethereum (ETH) from there.
Shiba Inu will trade at $0.0011 per token if this happens, assuming the circulating supply of 589.25 trillion remains stable.
The $0.0011 target is nothing new to members of the Shiba Inu community, as top experts have provided timelines regarding when SHIB could reach that level. According to TradingView analyst Krao, Shiba Inu hit the target of $0.001 in the first quarter of this year.
However, Changelly experts believe it could take longer. The platform is updated report shows that the projection of $0.0011 will come true by 2033.
Shiba Inu Price at $1 Trillion Valuation
Shiba Inu will still rank behind Bitcoin even if it manages to archive a trillion-dollar valuation. However, the impact will be felt on the price as the value of SHIB would skyrocket.
This $1 trillion market cap projection accelerated last year after Shiba Inu managed Shytoshi Kusama. underlines that it aims to make SHIB the world’s first trillion-dollar decentralized entity.
To reach a $1 trillion valuation, Shiba Inu needs to climb 6,820% from the current level of $14.45 billion. Applying this growth rate to the SHIB price, the token will trade at around $0.0017, assuming the circulating supply is static at 589.25 trillion.
Changelly experts estimate that SHIB will achieve this objective during the first two months of 2040, i.e. in 15 years precisely.
For context, this estimate is speculative; therefore, Shiba Inu is not guaranteed to reach a valuation of $300 billion, $700 billion, or $1 trillion, respectively.
Even though Shiba Inu has seen larger rebounds in the past, achieving these ambitious goals requires the alignment of several factors, particularly a massive token burn and increased adoption by retail and institutional clients.
DisClamier: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.