Shiba Inu (SHIB) has rapidly climbed to the top of the rankings, currently ranked 13th among cryptocurrencies by market capitalization, valued at approximately $15.85 billion. SHIB is also one of the most popular cryptocurrencies in the market. The asset's performance during the 2021 bull market solidified its millionaire status. The price of SHIB increased by millions of percentage points in 2021, making early investors millionaires.

What would the price of Shiba Inu be if its market cap equaled Solana?

The market cap of Solana (SOL) is $103.95 billion. If we assume that SHIB's market cap reaches $103.95 billion, with a circulating supply of 589 trillion, then the price of each SHIB token would reach $0.000176 (105.95 billion divided by 589 trillion). Achieving a price of $0.000176 from current levels would result in an increase of approximately 554%.

If SHIB's circulating supply decreases, the asset's price could be much higher than $0.000176. While a 554% increase seems significant, it is not something SHIB has not achieved before.

When will the asset reach $0.000176?

According to analysts at Changelly, the price of Shiba Inu (SHIB) may reach the $0.000176 mark around July 2030 (approximately five and a half years from now).

Analysts at Telegaon are more optimistic about SHIB than Changelly. The platform predicts that the asset will reach $0.000176 sometime in 2027. The platform forecasts that SHIB's highest trading price will reach $0.000198 in 2027.

One of the biggest obstacles to SHIB's price is its massive supply. If the team significantly reduces the project's supply, we may reach $0.000176 sooner than expected.

One of the most important catalysts for SHIB's astonishing rise in 2021 was the token burn by Vitalik Buterin. The Ethereum co-founder received half of the token supply when SHIB was launched. Buterin decided to burn 90% of the tokens he received. If the team can take similar measures.

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