Shiba Inu Needs to Reach $0.0003258 to Match Ethereums Market Cap: Heres the Timeline
Shiba Inu would need to increase 27-fold to match the current valuation of Ethereum, potentially taking until the next decade to achieve this.Since last year, Shiba Inus market cap has consistently declined. In March 2024, it held a top-ten position with a $20 billion market cap. Today, it has dropped to $7 billion, ranking 16th in the market. This represents a loss of over 65% in one year.However, community analysts and industry experts have forecasted a significant rebound for Shiba Inu this year. In light of growing optimism around the assets potential performance, The Crypto Basic examines a hypothetical scenario where SHIB rises to match Ethereums current market cap.Shiba Inu at Ethereums Market CapAs of today, Ethereum has a market cap of $192 billion. Although still substantial, this figure marks a dramatic drop of over 60% from its near half-trillion-dollar level a year ago.For Shiba Inu to reach Ethereums current valuation, it would require another historic price rally one that could greatly reward current holders. Given Shiba Inus circulating supply of 589.25 trillion tokens, the $192 billion market cap would mean to a price of $0.0003258 per token.Currently, Shiba Inu is trading at just $0.0000120. Achieving Ethereums market cap would require SHIB to break several milestones: eliminating another zero, surpassing the $100 billion threshold, and setting a new all-time high.To reach this ambitious target, the second-largest meme coin would need to grow by 2,615%. For perspective, if this growth occurs, a wallet holding 1 billion SHIB tokens worth $12,000 today would see its value rise to $325,800.Timeline for Shiba Inu to Rally 2,615% to $0.0003258While the prospect is tantalizing, the real question is whether Shiba Inu can reach $0.0003258 and how long it might take.In an interview with Forbes, Himanshu Maradiya, Chairman of the CIFDAQ Blockchain Ecosystem, stated that Shiba Inu could reach the $0.0003 level this year. However, Maradiya noted it could happen only under favorable market conditions.Indeed, since that 2024 interview, Shiba Inu has struggled amid unfavorable market conditions. More recently, experts interviewed by Finder suggested SHIB could enter the $0.0003 range between 2030 and 2035.Analysts at Telegaon offered a more optimistic timeline, predicting Shiba Inu could reach a maximum price of $0.000312 within four years. By 2029, they expect the $0.00032 level to be a minimum threshold for SHIB.Meanwhile, some in the crypto community had previously hoped Shiba Inu could hit $0.0001 this year. But with the current underperformance, many are now more focused on whether SHIB can even reclaim its previous peak of $0.00008845 this cycle.
Text source: The Crypto Basic
