Dogecoin price could skyrocket over 7,500% in the hypothetical scenario where Shiba INU reaches a market cap of billions of dollars.
Recently, there has been talk of MEME coins reaching $1 trillion valuations in the crypto community. Shiba Inu and Dogecoin have been at the forefront of these conversations, given that they are the most important crypto assets in the coin industry.
Remarkably, even Shiba Inu’s lead developer, Shytoshi Kusama, has recently argued that Shib could reach a trillion dollars CAP-CAPPORT. In his opinion, this development would surprise skeptics and critics.
In light of this ambition, Crypto Basic assesses Dogecoin’s potential market price if its closest rival, Shiba Inu, breaks the $1 trillion cap.
Shiba INU price with a market cap of 1t
Notably, Shiba INU currently has a market capitalization of $13 billion, corresponding to a unit price of $0.000022. To reach $1 trillion, its market price would need to increase by approximately 7,592%. Specifically, this $1 trillion market cap would correspond to a unit price of $0.001698 for Shiba Inu.
If Shiba Inu could reach this lofty height, what would be the state of its superior rival, Dogecoin?
Dogecoin Price If Shiba INU Market Cap Reaches $1t
To estimate the market cap of Dogecoin if the market cap of Shib reaches $1 trillion, we can assume a proportional relationship between Dogecoin and Shib. This means that if the market cap of Shib increases by a certain factor, the market cap of Dogecoin would also change proportionally.
Notably, Dogecoin currently has a market capitalization of $52 billion, trading at $0.35. With Shib’s market cap at $12 billion, Dogecoin is more than four times larger than Shiba INU.
If the price of shib increased by 7,592% to reach a market cap of $1 trillion, a similar increase would push Dogine’s valuation from $58 billion to $4.46 trillion. With a circulating supply of $147.68 billion, a market cap of $4.46 trillion would increase the price of Dogecoin to $30.18.
When can Shib and Doge reach a billion dollar cap?
Interestingly, many market commentators have argued that Dogecoin could reach $30 in this current cycle. Some have even published a Bold five-month timeline. Those who express this ambitious outlook often rely on Dogecoin’s historic performance over the past two bull seasons.
However, Telegaon analysts argue Reaching a price of $30 with a market cap of $4.5 trillion will take ten years to materialize.
Meanwhile, the case for Shiba INU reaching a $1 trillion market cap this season is rare. Analysts mainly advocate for a $100 billion cap in the current cycle.
However, Telegaon analysts also predict that it would take ten years for Shiba INU to reach the price of $0.00169 which would require a market capitalization of 1 trillion.
Discous: 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 basic opinion of cryptography. Readers are encouraged to do thorough research before making investment decisions. Crypto Basic is not responsible for any financial losses.