Price of 1 $SHIB a Inu at a $100B Market Cap.
*While some expect rallies to $0.000081 during this cycle, others have made more ambitious projections. Notably, some analysts like Jake Gagain expect Shiba Inu to eventually reach a $100 billion market cap, positioning it as the first meme coin to achieve this feat.
*For context, Shiba Inu’s all-time high market cap is $39 billion, a valuation it claimed during the 2021 bull run. At press time, Shiba Inu has a market cap of $11.2 billion, making it the 12th-largest cryptocurrency and the second-largest meme coin.
*Despite projections of a potential rise in valuation to $100 billion, many remain oblivious to the price implications of this market cap. Consequently, we employed the services of a market resource, The Coin Perspective, to highlight what price $SHIB would trade at the $100 billion valuation mark.
*Data from the platform confirms that at a $100 billion market cap, Shiba Inu’s price will have reached $0.00017. This potential price level would mark a massive 796% increase from the current price.
*Interestingly, during the initial run this year, $SHIB secured an impressive 379% rally from Feb. 24 to March 5, spiking from $0.00000952 to $0.00004568. The meme coin’s ability to secure such an upward push in less than ten days confirmed its potential.
*As a result, some believe Shiba Inu can engineer a more substantial rally, especially when the altcoin season comes. Currently trading for $0.00002297, if Shiba Inu secures an 800% rise from this level, its price would rise to $0.000507, taking it to the $100 billion market cap.
