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Amid projections of Shiba Inu reaching $0.01, calculations based on SHIB’s total supply indicate that the token would surpass Apple’s valuation if that price were reached.
Shiba Inu has continued its downward journey, with its price dropping to a one-month low of $0.000007600 yesterday. Even though the slump coincides with a broader market downturn, many Shiba Inu investors have expressed frustration with the development.
SHIB to $0.01?
Despite mounting frustration, some investors remain hopeful that SHIB will bounce back from its recent lows. Several community members have teased audacious price targets, including $0.01. One member recently encouraged others to anticipate Shiba Inu’s climb to this milestone.
The $0.01 prediction has been circulating widely within the Shiba Inu community. Notably, community expert Luis Delgado teased that $0.01 is a realistic target, asserting that anything is possible in the crypto space. Shiba Inu’s marketing lead, Lucie, echoed this sentiment, describing $0.01 as achievable while noting that it would take time to materialize.
Shiba Inu Could Surpass Apple Market Cap If It Reaches $0.001
While many enthusiasts are speculating about Shiba Inu reaching $0.01, calculations based on its total supply suggest that, if achieved, SHIB’s market cap would theoretically surpass that of Apple Inc. For context, Apple is currently one of the most valuable companies in the world, with a market cap of $4.029 trillion, ranking second globally.
In comparison, Shiba Inu’s market cap is drastically lower. At its current price of $0.000007679, SHIB is valued at just $4.52 billion. However, thanks to its enormous supply of 589 trillion tokens, Shiba Inu would exceed Apple’s valuation if each token reached $0.01.
At that price, SHIB’s total market cap would soar to approximately $5.89 trillion—well above Apple’s current $4.029 trillion. This $5.89 trillion valuation also exceeds the current market caps of other major companies, including Alphabet, Microsoft, Amazon, and Tesla.
Can SHIB Reach $0.01?
For Shiba Inu to reach this valuation, its market cap would need to surge by an extraordinary 130,209% from its current level of $4.52 billion. Given the magnitude of such growth, many critics dismiss the possibility that SHIB will ever hit $0.01 or surpass Apple’s market cap.
Factors often cited include internal friction within the ecosystem team, the token’s massive supply, limited institutional participation, and the project’s anonymous leadership—all of which, critics argue, make a climb to $0.01 highly unrealistic.