The post Here is Shiba Inu Price if SHIB Reclaims Its Peak Dominance and Global Crypto Market Cap Hits $40T appeared on BitcoinEthereumNews.com.

Shiba Inu price could soar to new highs if the meme coin reclaims its peak market dominance from 2021 when the global crypto market hits $40 trillion. Notably, as the broader crypto market faces a significant pullback amid the recent Bitcoin (BTC) price correction, altcoins such as Shiba Inu have witnessed the largest impact. Specifically, Shiba Inu price has dropped nearly 15% this week, now sitting at $0.00001235. Shiba Inu Remains Below March 2024 Peak Discouragingly, this position is far below investor expectations. For context, at the current price, the meme coin is 72% down from its March 2024 peak of $0.00004563. Despite the bull run taking shape since Q4 2024, SHIB has failed even to reclaim this price, much less its October 2021 ATH. Nonetheless, market analysts remain optimistic, expecting Shiba Inu price to recover to new heights sometime in the future. Whether this will materialize in this bull run or in a future one remains to be seen. Essentially, the consensus is SHIB would eventually surpass the $0.00008845 ATH. While lofty targets such as $0.01 have emerged in recent times, most investors remain pessimistic. However, The Crypto Basic recently assessed a more realistic scenario: what if Shiba Inu reclaims its peak market dominance and the global crypto market cap reaches $40 trillion? For context, Cardano bull Dan Gambardello predicted last June that the global crypto market cap could hit $40 trillion. At the time, the figure stood at $2.5 trillion. While Gambardello admitted that he is not sure when his projection will materialize, he insisted that it will definitely happen. Shiba Inu Price if Global Market Cap Hits $40T Meanwhile, Shiba Inu attained its peak market dominance when it claimed its all-time high of $0.000088 on Oct. 28, 2021. Given the circulating supply of 589.5 trillion tokens, SHIB’s…

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Filed under: News - @ May 31, 2025 4:22 pm