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Shiba Inu, the second most valuable meme coin in the market, stands out as one of the few crypto assets with promising prospects from the crypto community regarding its future.
Many market participants, including top analysts and industry pundits, have expressed confidence that Shiba Inu is here to stay and is not going anywhere.
This conviction has led to popular projections for Shiba Inu’s future, with some analysts suggesting that the meme coin could attain a market cap in the trillions of dollars, a lofty threshold currently enjoyed only by Bitcoin.
This article explores the potential price of Shiba Inu in a hypothetical future where its market valuation hits $5 trillion or even advances further to $10 trillion.
Shiba Inu Price if Market Cap Hits $5T or $10T
As of today, Shiba Inu has a floor price of $0.00001764, corresponding to a market cap of $10.4 billion. Notably, during Shiba Inu’s all-time high, it had a market cap of around $45 billion.
From its current position, Shiba Inu needs to see its valuation expand by 100-fold to first enter the $1 trillion range. This lofty milestone requires the meme coin’s value to increase by 10,000% to reach $0.00178164, effectively eliminating two zeros.
From this point, with a $1 trillion market cap, Shiba Inu would need a 5X growth to reach the $5 trillion milestone. Specifically, at a $5 trillion market cap, Shiba Inu would command a market price of approximately $0.0085.
Similarly, for Shiba Inu to attain the $10 trillion market cap milestone, it would need to witness a 100% price rally. A $10 trillion market cap for Shiba Inu would correspond to a market price of about $0.0170.
At a lofty $10 trillion market cap, Shiba Inu would make history by eliminating another zero, leaving just one zero in its price.
For context, at this level, a $100 investment in SHIB today would expand to a portfolio worth $96,371.
Timeline for SHIB to Attain $0.0085 and $0.0170 Price Points
According to Telgaon, a prediction platform, Shiba Inu is expected to reach the $0.0085 price point between 2035 and 2040, approximately 16 years away.
Meanwhile, for the $0.017 price level, the prediction is set for precisely 2040. However, Changelly, a crypto exchange, disagrees with this timeline, arguing that SHIB would max out at $0.033 by 2050.