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Given its market dominance of 0.19%, Shiba Inu could register a new all-time high if the global crypto market cap skyrockets to $100 trillion.
The broader crypto market extended its bearish trend, with the total valuation slipping 1.36% over the past day to $3.81 trillion. This downturn had a ripple effect on the prices of major assets like Bitcoin and Shiba Inu. While the firstborn cryptocurrency is down 1.69% in the past 24 hours, Shiba Inu has lost 0.89% of its value in the same timeframe.
Currently, Shiba Inu has a valuation of $7.25 billion, representing 0.19% of the $3.81 trillion total market cap. Although the broader market is currently bearish, some industry stakeholders are optimistic about an upcoming rebound.
Such exponential growth would inevitably reflect in the valuations of leading digital assets. Expectedly, some Shiba Inu enthusiasts have imagined how this broader market expansion could translate into price gains for their beloved token, SHIB.
Potential Impact on Shiba Inu Price by 2032
Therefore, we explored how much SHIB could be worth assuming it maintains its dominance and the total crypto market cap hits $100 trillion. With a valuation of $7.25 billion, Shiba Inu accounts for 0.19% of the total crypto market cap of $3.81 trillion.
If Shiba Inu sustains its 0.19% market dominance and the total crypto market cap climbs to $100 trillion, its valuation could soar from $7.25 billion to $190 billion. Given Shiba Inu’s supply of 589 trillion tokens, this $190 billion market cap translates to a unit price of $0.000322, marking a new all-time high for SHIB.
Previous Predictions
The lofty $0.00032 target has been featured in various Shiba Inu predictions. Last month, a veteran trader known in the crypto community, Anonymous, forecasted that SHIB would reach the ambitious target in the fourth quarter of 2025. Aside from anticipating an imminent market-wide bull run, the analyst did not cite any additional catalyst to fuel this ambitious rally.
Meanwhile, other market commentators have predicted Shiba Inu’s climb to around the $0.0003 level. For instance, CIFDAQ Blockchain Ecosystem founder Himanshu Maradiya speculated that SHIB would reach the $0.0003 level before the end of this year.
In a Finder report, a group of experts framed $0.0003 as a realistic target for Shiba Inu. According to them, the prediction is expected to materialize between 2030 and 2035. This aligns with the same timeframe Pal expects the global crypto market cap to reach $100 trillion and beyond.