Shiba Inu (SHIB) may see its price exceed $0.0002 if it captures 5% of the total cryptocurrency market share. Since its launch as a meme coin in August 2020, SHIB has surprised the market with impressive gains, climbing more than 150 million percent in 14 months.
Currently, Shiba Inu ranks as the 19th largest cryptocurrency, with a market capitalization of $7.55 billion, representing 0.23% of the $3.28 trillion crypto market.
If SHIB’s market share grows to 5%, its market cap would rise to around $164 billion. Based on its fixed supply of 589.5 trillion tokens, this would increase SHIB’s price to approximately $0.0002782 per token. This would boost a 100 million SHIB token holding from $1,281 to about $27,820.
Several analysts have projected SHIB reaching or surpassing the $0.0002 mark. Predictions range from late 2024 to as far out as 2032, reflecting varied views on the token’s growth timeline. These forecasts reference technical patterns like Elliott Waves and historic price movements but remain speculative.
Investors should approach these projections cautiously and perform thorough research before making decisions, as cryptocurrency markets are volatile and unpredictable.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Opinions expressed herein are those of the author and do not reflect any official stance. Always conduct your own due diligence when investing.