Shiba Inu: What Is the Price of SHIB If Market Capitalization Reaches $500 Billion?

Shiba Inu has quickly climbed the cryptocurrency rankings. SHIB is the 17th largest cryptocurrency project by market capitalization, with a valuation of approximately $12.15 billion. The price of SHIB skyrocketed during the 2021 bull run, increasing by millions of percent. Early investors achieved significant profits as SHIB climbed the ranks.

Shiba Inu: What Is the Price of SHIB If Market Capitalization Reaches $500 Billion?

As SHIB continues to demonstrate its strength as a top cryptocurrency contender, fans and investors wonder what the price of this asset would be if its market capitalization reached a significantly larger figure.

There are currently about 589 trillion SHIB tokens in circulation. Assuming the project's supply remains unchanged while the market capitalization increases to $500 billion. In this scenario, the price of each SHIB token would rise to about $0.0008488 ($500 billion / 589 trillion).

Reaching $0.0008488 from the current price would translate to an almost 4000% increase. Achieving $0.0008488 would also mean SHIB reaches a new all-time high. The price of this asset could rise much higher than $0.0008488 if its circulating supply decreases.

When Can the Asset Reach $0.0008488?

According to Changelly, SHIB could reach the milestone of $0.0008488 at some point in 2033, which is about eight years from now. The platform predicts that this dog-themed cryptocurrency will trade at a potential maximum price of $0.00119988 in 2033. Reaching $0.00119988 from the current price would entail an increase of about 5704%.

Telegaon's analysts also provide a similar picture for SHIB. The platform predicts that SHIB will reach the milestone of $0.0008488 at some point between 2030 and 2035, in line with Changelly's forecast.

SHIB could reach the $0.0008488 mark much sooner if the team implements a strong burning initiative. Developers are reportedly researching a new burning mechanism, rumored to burn trillions of tokens each year. Such a development could push SHIB to $0.0008488 much sooner.

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