Shiba Inu might eliminate a leading zero from its price if its market share soars to 5%.
The crypto market has long defied expectations, proving that anything can happen. Notably, Shiba Inu remains one of the most unpredictable crypto assets.
Despite initially being created as a meme coin in August 2020, with many expecting it to disappear a few months after its launch, Shiba Inu defied all odds. It staged one of the greatest rallies ever witnessed in the market, soaring more than 150,000,000% in 14 months.
While many investors don’t expect Shiba Inu to replicate its 2020–2021 surge, others believe it could still deliver solid gains and grow its market share to lofty targets like 5%.
Shiba Inu’s Valuation at a 5% Market Share
Currently, Shiba Inu has a market cap of $7.55 billion, positioning it as the 19th biggest cryptocurrency, according to CoinMarketCap data.
Shiba Inu’s valuation of $7.55 billion is equivalent to 0.23% of the total crypto market cap, which currently stands at $3.28 trillion. Therefore, Shiba Inu currently has a market share of 0.23%.
However, if Shiba Inu’s dominance soars and its market share rises to 5% from the current level, SHIB’s valuation could soar to $164 billion. This estimated valuation accounts for approximately 5% of the total cryptocurrency market cap of $3.28 trillion as of press time.
Price of One SHIB If Shiba Inu’s Market Share Grows to 5%
Hitting this projected market cap would have a significant impact on Shiba Inu’s price. For context, Shiba Inu is currently trading at $0.00001281 per token, marking a 24-hour growth of 3.68%.
Therefore, if Shiba Inu’s market cap soars to $164 billion–equivalent to a 5% market share–one SHIB token would be worth $0.0002782, assuming the asset’s total supply of 589.5 trillion tokens remains stable. At this target, a portfolio of 100 million SHIB tokens would be worth $27,820 compared to the current value of $1,281.
SHIB to $0.0002 Prediction
Meanwhile, the $0.0002 target has been mentioned in several predictions issued by top cryptocurrency analysts. Last year, popular market commentator Analyst Michael forecasted that Shiba Inu’s potential breakout from a complex wave structure could propel its price to the $0.0002 region.
In November 2024, market speculator Charting Guy laid out an Elliot Wave pattern Shiba Inu might follow toward the $0.0002 region. Notably, top expert Alan Santana predicted that Shiba Inu could set a new all-time high of $0.0002317 before the end of this year.
However, Changelly analysts predicted that Shiba Inu would not reach the $0.0002 target anytime soon. They speculated that SHIB could trade at $0.0002782 by March 2032, seven years from now.
Additionally, Telegaon sets 2028 as the possible timeline for Shiba Inu to reach the $0.0002782 price target. It is essential to note that this analysis is purely speculative; therefore, it should not be considered investment advice. There is a need to conduct due diligence before investing in crypto assets, including Shiba Inu.
