As long as the entire cryptocurrency market capitalization keeps increasing, SHIB’s price might make big gains. At the time of writing, total crypto market cap stood at $2.97 trillion, up by 0.87% in the last 24 hours. Should the global crypto market cap continue to rise to $30 trillion, Shiba Inu may have a lot more to gain. According to its current dominance of 0.29%, the token’s price has to increase accordingly.
Potential Price Surges Based on Market Cap
Currently, Shiba Inu is priced at $0.00001459. If the total crypto market cap reaches $5 trillion, Shiba Inu would then be worth slightly less than $14.5 billion. This increase may help it reach the 0.00002460 price level. That would be a 68% explosion over today’s cost.
Should the crypto market cap increase further to $10 trillion, Shiba Inu's valuation could reach $29 billion, potentially pushing its price to $0.00004921. In this future scenario, investors would realize returns of 237%. At a potential $15 trillion crypto market cap once again, Shiba Inu’s valuation would reach as high as $43.5 billion. Such an increase would bring the price to $0.00007382, a stunning 436% increase.
Higher Market Caps, Higher Potential Gains
If the entire crypto market cap reaches $20 trillion, that would make Shiba Inu’s total valuation about $58 billion. If this rush picks up momentum, it might push its value to as high as $0.00009843. This unlikely situation would bring a 574% return for investors. That most optimistic projection is the case only if the crypto market cap goes all the way up to $30 trillion.
Shiba Inu's Future
In such a case with SHIB at a $30 trillion market cap, its valuation would increase to $87 billion, likely driving its price to $0.0001476. This would be a hefty 911% increase from its current value.
