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The SHIB price could soar by over 700% if Shiba Inu attains a market cap similar to the over $85 billion valuation Solana (SOL) currently enjoys.
Shiba Inu has been struggling recently amid consecutive days of price depreciation. Presently, Shiba Inu hovers at around $0.00001600, with a market cap of $9.9 billion.
On the other hand, Solana has demonstrated a more impressive performance, recently surpassing BNB to become the closest altcoin contender to Ethereum. This emerged as the price of SOL re-entered the $180 range, boasting a market cap of over $85.14 billion.
Notably, there is a staggering difference of over $75 billion between the market capitalizations of Shiba Inu and Solana. Based on this context, The Crypto Basic examines the fascinating prospect of Shiba Inu’s potential market value if it attains the same market cap as Solana.
Shiba Inu Price with Solana $85B Market Cap
Notably, Shiba Inu battles with an excessive token supply of over 589 trillion. If the community orchestrates no substantial token burns and the supply remains static, a market cap of $85 billion would correspond to a price of approximately $0.00014415 per SHIB token.
This projected price represents a substantial 762% surge from Shiba Inu’s current market value of $0.00001675. Furthermore, it far surpasses the coin’s 2021 all-time high of $0.00008845.
In essence, reaching an $85 billion market cap would be a historic milestone for the popular meme coin, marking a new record in its trajectory. This raises the question of when or if Shiba Inu can achieve this outlook.
When Can SHIB Hit $0.000144?
According to researchers at the Changelly crypto exchange, Shiba Inu will break the $0.0001 barrier by 2027 and continue to rise to $0.000144 by 2028. Similarly, analysts at Telegaon, a prediction outlet, share an optimistic view. Specifically, they forecast an average value of $0.000153 for Shiba Inu by 2027.
While the predicted timelines may seem distant, Shiba Inu enthusiasts are more optimistic. They believe that the $85 billion market capitalization and $0.000144 price milestones are achievable as early as 2024 or, at the latest, 2025.
For example, influential pundit Jake Gagain has reiterated his bold prediction that Shiba Inu will reach a $100 billion market cap in this bull cycle. Notably, this valuation would put SHIB at a historic price of $0.00016.
Meanwhile, other analysts are drawing parallels with past trends to suggest a bullish price target of $0.0002 for SHIB this season.