Here’s Shiba Inu Price if its Market Cap Reaches $79B, $295B, and $1.32T Like Solana, Ethereum, and Bitcoin
The post Here’s Shiba Inu Price if its Market Cap Reaches $79B, $295B, and $1.32T Like Solana, Ethereum, and Bitcoin appeared on BitcoinEthereumNews.com.
This article explores the potential price growth of Shiba Inu if its market cap reaches that of Solana, Ethereum, or Bitcoin, highlighting ambitious targets with fewer zeros. Shiba Inu came under bearish pressure again on Friday, with its price plummeting to just above $0.00001600. This unexpected downturn emerged as Bitcoin retested the $65K level for the second time this week. Despite this, optimism remains high regarding Shiba Inu’s potential targets for this season. Analysts have suggested ambitious market valuations for SHIB, including a $100 billion target proposed by widely followed analysts Jake Gagain and Zach Humphries. Notably, this bold market cap would exceed those of prominent crypto assets like Solana, XRP, and Cardano. This article explores Shiba Inu’s potential market value in hypothetical scenarios where it attains the current market caps of market leaders Bitcoin, Ethereum, and Solana. Shiba Inu Price with Solana’s $79 Billion Cap As of now, Solana is trading at $169, corresponding to a market cap of $79 billion. Meanwhile, Shiba Inu’s market cap is about eight times lower, with a valuation of $9.9 billion. With this cap, SHIB trades at $0.00001687. https://x.com/thecryptobasic If Shiba Inu were to attain a $79 billion market cap, it would eliminate a zero from its price. Specifically, Shiba Inu would record an increase of 700% to approximately $0.0001344. Shiba Inu Price with Ethereum’s $296 Billion Cap Shiba Inu could see a much higher valuation with the market cap of Ethereum, currently at $296.6 billion. To achieve this valuation, Shiba Inu’s price would need to soar by approximately 3,000%. While it would still retain three leading zeros, its market price would be around $0.0005 at that time. Notably, this analysis assumes that Shiba Inu’s circulating supply of 589 trillion remains unchanged. Shiba Inu Price with Bitcoin’s $1.32 Trillion Cap Bitcoin remains the…
Filed under: News - @ October 26, 2024 2:21 pm