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If Shiba Inu becomes a $1 trillion market cap crypto asset, as predicted by lead developer Shytoshi Kusama, it can spike by 9,743% to delete two leading zeros.
Lead developer Shytoshi Kusama has persistently maintained that Shiba Inu is capable of greater heights. In March, Kusama argued that a $0.00012 target is an underestimate for $SHIB.
Most recently, Kusama entertained an interview with the leading business magazine Arabian Business. During the interview, the lead developer discussed the far-reaching goals of the Shiba Inu ecosystem. Interestingly, Kusama asserted that the goal is to make $SHIB the first trillion-dollar decentralized entity in the world.
Shiba Inu has come a long way since its launch in August 2020. Industry leaders like Ethereum founder Vitalik Buterin initially underestimated the project’s potential. Buterin admitted in March that $SHIB exceeded his expectations. However, Kusama’s commentary suggests that greater heights are possible.
Shiba Inu Price at a $1T Market Cap
With $SHIB now boasting a market cap of $10.148 billion, it stands as the thirteenth largest crypto in the world. Should Shiba Inu claim a $1 trillion market cap, it would only come second to Bitcoin (BTC) on the list of largest assets. However, this valuation would demand a massive price spike.
Shiba Inu currently trades for $0.00001724 with a circulating supply exceeding 589 trillion tokens. $SHIB must spike to a price of $0.001697 to hit a $1 trillion valuation, assuming its supply remains stable. This would demand 9,743% increase from the current price, a feat that several market watchers deem possible.
Notably, amid multiple price projections around Shiba Inu, the $0.001 prediction has come up several times. Prominent market analytical resource Coinpedia Markets made such a projection. The platform predicted that $SHIB may surge by 10x or 100x following the approval of Ethereum ETFs. At the time, a 100x increase would lead to a $0.0016 price for Shiba Inu.
Also, notable Bitcoin advocate and crypto investor Armando Pantoja speculated in April that $SHIB could reach $0.001 this year. However, it is important to note that despite the prevalence of these predictions, Shiba Inu’s potential to reach $0.001 remains contested.