Hypothetical 7,500% Growth for Dogecoin
Dogecoin could potentially see a rise of over 7,500% if Shiba Inu's market capitalization were to reach $1 trillion. This scenario has been a hot topic of discussion within the crypto community, with Shiba Inu and Dogecoin taking center stage as the most prominent meme coins.

Shytoshi Kusama, Shiba Inu’s lead developer, recently suggested that SHIB has the potential to reach a $1 trillion market cap, a claim that would surprise skeptics and critics. This speculation has led to further discussions about what impact such a development would have on Dogecoin, Shiba Inu's closest competitor.

Shiba Inu’s Price at a $1 Trillion Market Cap
Currently, Shiba Inu’s market cap stands at approximately $13 billion, with a unit price of $0.000022. To achieve a $1 trillion market cap, its price would need to increase by about 7,592%, reaching approximately $0.001698 per token.

If this ambitious milestone were achieved, what would it mean for Dogecoin?

Estimating Dogecoin’s Price
Dogecoin currently has a market cap of $52 billion and trades at $0.35. By comparison, Dogecoin is more than four times the size of Shiba Inu. However, if Shiba Inu’s market cap reached $1 trillion with a 7,592% increase, a proportional rise for Dogecoin would see its market cap soar to $4.46 trillion.

With a circulating supply of 147.68 billion tokens, this market cap would bring Dogecoin’s price to approximately $30.18.

Is a Trillion-Dollar Market Cap Realistic?
Some market commentators suggest that Dogecoin could hit $30 in the current cycle, with a few even predicting this milestone within just five months. These bold claims are often based on Dogecoin’s performance during the last two bull cycles.

However, analysts from Telegaon estimate that reaching $30 and a market cap of $4.5 trillion could take Dogecoin approximately ten years to achieve.

As for Shiba Inu, arguments supporting a $1 trillion market cap in this cycle are rare. Most analysts agree that SHIB’s market cap may reach $100 billion in the current cycle. Telegaon analysts also predict that reaching a price of $0.001698, corresponding to a $1 trillion market cap, could take Shiba Inu around ten years.


#Shibalnu , #Dogecoin‬⁩ , #memecoins , #Shibarium , #CryptoMarket


Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“