Expert Says Shiba Inu Market Cap of $100 Billion Confirmed: Here’s the Price per SHIB If It Happens

Popular market commentator Oscar Ramos has insisted that Shiba Inu will reach a market cap of $100 billion, potentially toppling Dogecoin.

Shiba Inu has featured heavily in the broader market bullish rally seen over the past seven days. As a reminder, the second largest coin by market capitalization surged 16% over the past 24 hours and 53% over the past week, outperforming almost every asset in the top ten of the crypto rankings.

Shiba Inu’s exponential rise has allowed it to reach a valuation of $15.3 billion, jumping two places in the crypto ranking by market capitalization. This toppled Tron and Toncoin to enter the top ten amid growing bullishness.

Following the price explosion over the weekend, notable market commentators have been pondering the next Shiba Inu price action. Among them is renowned market expert Oscar Ramos, who predicts a triple-digit valuation of $1 billion for the leading coin.

Expert Says Shiba Inu’s $100 Billion Valuation Is Certain

In a November 10 UpdateRamos claims that Shiba Inu will reach a market capitalization of $100 billion. He says the Shiba Inu’s explosive upward trajectory over the weekend supports his assertion.

Notably, the expected market capitalization is approximately 165% of the Shiba Inu peak. market capitalization of $37.81 billion, which the meme coin reached in October 2021. Additionally, the token’s market cap would increase by 554% from its current valuation of $15.3 billion to reach the cap claim of Ramos’ $100 billion.

Meanwhile, a market cap of $100 billion would allow Shiba Inu to overtake high-caliber assets such as XRP, Dogecoin, Binance Coin (BNB), and Solana to become the fourth most valuable crypto asset. Notably, this would only happen if it reached Ramos’ predicted capitalization while others remained at their current market cap.

The price of the Shiba Inu when it reaches a market capitalization of $100 billion

Notably, a Shiba Inu market capitalization of $100 billion would significantly increase its price. At the current circulating supply level of 589T SHIB, the leading coin would be worth $0.0001697 if it reached said market cap.

Meanwhile, SHIB is trading at $0.00002593 at press time, about 70% of its all-time high of $0.00008845. A rise beyond its maximum price of $0.0001697 would mean the token would increase by 555% from its current market price.

Interestingly, price appreciation of this nature is not uncommon for the second largest coin by market capitalization. For example, SHIB surged 379% ten days earlier in the year to reach its yearly high of $0.00003568.

Furthermore, other analysts have already claimed that Shiba Inu will reach a valuation of $100 billion. Jake Gargain, Market Expert declared that the token would reach valuation, promising to delete his X account if he fails to do so.

Another analysis also highlighted that SHIB would reach the glorified $100 billion market. The basis of cryptography reportciting Coin Perspective, shows that the meme coin will enter the $100 billion club in the near term.