Shiba Inu (SHIB) has seen phenomenal growth over the past four years. The asset has risen to prominence, delivering huge returns to early investors. Despite its outperformance, the asset has struggled to gain momentum over the past few years.
While many believe the SHIB ship has sailed, others believe there is still time for the dog-themed cryptocurrency to succeed.
If SHIB's market cap reaches $50 billion, what will its price be?
If SHIB’s market cap reaches $50 billion and its supply remains at 589 trillion, the cost per SHIB token will be $0.00008488.
At $0.00008488, its value would be up nearly 532.5% from current levels. If the project’s supply decreases, the price per token could rise above $0.00008488.
While the gain is positive, it is still below the asset’s all-time high of $0.00008616 in October 2021. To recover its 2021 peak, SHIB’s market cap would need to rise to $50,748,240,000 ($50.74 billion).
When will the asset recover its all-time highs?
According to Changelly analysts, Shiba Inu (SHIB) could hit a new all-time high in 2027, about three years from now. The platform expects the asset to trade at a maximum of $0.0001229877 in 2027. Reaching $0.0001229877 from current levels would mean an increase of about 816.45%.
Telegaon analysts are more bullish on SHIB, predicting that the asset will hit a new all-time high in 2026, about two years from now. The platform predicts that SHIB will reach a maximum price of $0.0000943 in 2026, which would be an increase of about 602.6% from the current price level.
