The post Here is Shiba Inu Price If its Market Cap Reaches $100B, $500B, or $1 Trillion appeared on BitcoinEthereumNews.com.

Shiba Inu could see a massive price growth of 8,558% in the theoretical scenario where its market cap attains the $1 tillion level. Shiba Inu is currently trading at a two-month high with a price range of $0.0000196. The second most prominent meme coin boasts a market cap of $11.55 billion at this price. Notably, Shiba Inu attained its best market capitalization about three years ago, on October 28, 2021, when it traded at an all-time high with a cap of over $41 billion.  While SHIB is trading today at about one-fourth of this cap, Shiba Inu’s performance in this ongoing bull run has led enthusiasts to believe that it could reach market caps beyond the unprecedented $100 billion this cycle. This article explores Shiba Inu’s potential price in the hypothetical scenario where it attains market caps of $100 billion, $500 billion, or even $1 trillion. Shiba Inu Price with $100B and $500B Market Cap Notably, Shiba Inu has an enormous circulating supply of approximately 589 trillion tokens. With a hypothetical market cap of $100 billion, Shiba Inu would be worth approximately $0.0001697 per SHIB token. Numerous crypto analysts have argued that Shiba Inu has the potential to reach the $0.0001697 price. Back in March, analyst Jake Gagain declared that Shiba Inu would crack the $100 billion cap. In a follow-up post, he asserted that Shiba Inu would even precede Dogecoin in attaining the valuation. Later in June, famous community pundit Zach Humphries also boldly stated that SHIB could achieve the $100 billion cap this season. For context, this threshold represents a massive growth of 765.81% from Shiba Inu’s current level of $11.55 billion at a $0.0000196 price. This growth would become even more substantial when factoring in SHIB’s price to a market cap of $500 billion. In particular, a…

---

Filed under: News - @ October 9, 2024 5:24 am