Here’s How Much 1 Shiba Inu Can Be Worth If SHIB Reaches $100 Billion Market Cap

Shiba Inu could see a massive 796% rise in price if its market capitalization increases from the current figure to reach the $100 billion mark.

The broader crypto market is in the midst of a recovery, which has seen Bitcoin (BTC), the industry’s first-born, claims a new all-time high above $76,000. Although altcoins such as Shiba Inu have joined this rebound campaign, they remain below their previous cycle highs.

SHIB remains below ATH

For example, SHIB reached an all-time high of $0.00008845 during the last bull market. In 2021. However, it is not yet close to returning to this level in the current bull cycle, let alone surpassing it.

Shiba Inu’s peak for this bull run is $0.00004567, a level it reached in early March. Since falling from this price point, the meme coin sensation has failed to recover it. Most analysts believe that a claim of this local summit could prepare the ground for a bigger push towards the ATH at $0.00008845.

However, despite its current price of 366%, which is far from the peak of $0.00008845, analysts and investors remain confident in the potential of the Shiba Inu. As a result, multiple bullish predictions have engulfed the Shiba Inu community.

Price of a Shiba Inu at a $100 billion market cap

While some expect rebounds to $0.000081 during this cycle, others made more ambitious projections. Notably, some analysts like Jake Gagain expect Shiba Inu to eventually reach a market capitalization of $100 billionpositioning it as the first meme coin to achieve this feat.

As a reminder, Shiba Inu’s record market cap is $39 billion, a valuation claimed during the 2021 bull run. As of press time, Shiba Inu has a market cap of $11.2 billion, this which makes it the 12th largest cryptocurrency and the second largest coin.

Despite projections of a potential valuation rise to $100 billion, many remain oblivious to the price implications of this market cap. Therefore, we enlisted the services of a market resource, The Coin Perspective, to highlight how SHIB would trade at a valuation of $100 billion.

Platform data confirms that with a market capitalization of $100 billion, Shiba Inu the price will have reached $0.00017. This potential price level would represent a massive 796% increase from the current price.

Interestingly, during the first edition of this year, SHIB achieved an impressive 379% rally over February 24 has March 5going from $0.00000952 to $0.00004568. The capacity of the part itself to secure such an upward surge in less than ten days confirmed its potential.

As a result, some believe Shiba Inu may stage a more substantial rally, especially when altcoin season arrives. Currently trading at $0.00001897, though Shiba Inu gets an 800% boost from this level, its price would rise to $0.00001707, bringing it to the market cap of $100 billion.