Here’s How Much The Shiba Inu Price Will Be If It Hits The Market Cap Of Dogecoin#SHIBAUSDT #doge⚡
What The Shiba Inu Price Will Be If It Reaches Dogecoin’s Market Cap
MarketCapOf data shows that the Shiba Inu price would be $0.00004883 if it had Dogecoin’s market cap of $28.7 billion. A Shiba Inu rally to $0.00004883 would represent a price gain of over 250% from its current level. SHIB currently boasts a market cap of $11.1 billion, which puts it 0.39x under DOGE.
Related Reading: Crypto Analyst Puts Dogecoin Price As High As $23 This Cycle, What Does It Have To Do With Elon Musk?
However, it is worth mentioning that the Shiba Inu price has once hit the $0.00004883 target as its current all-time high (ATH) is at $0.00008845. Shiba Inu would also have a larger market cap now if it were to reach $0.00004883 or even rise to its current ATH of $0.00008845, considering that billions of SHIB tokens have been burnt since then.
Interestingly, the opposite will be the case for Dogecoin, which is inflationary. As such, Dogecoin would have a lower market cap even if it reached its current ATH of $0.73. In 2021, the foremost meme coin attained a market cap of $80 billion as it surged to its ATH. However, DOGE boasting an $80 billion now would only put its price at $0.5.
Meanwhile, the Shiba Inu price hitting Dogecoin’s market cap will make SHIB the eighth-largest coin by market, which is DOGE’s current ranking.
SHIB Set To Breach This Target Soon Enough
The Shiba Inu price is set to breach the $0.00004883 target anytime soon. This is based on crypto analyst Javon Mark’s analysis, in which he predicts a price rally to SHIB’s current ATH. In an X post, he noted that the Shiba Inu is still fairly off a confirmed Hidden Bull Divergence and has broken out.
