Shiba Inu can remove a zero from its value if SHIB equals the market cap of XRP, BNB, or Solana sooner or later.
Shiba Inu (SHIB) has remained in bearish territory this 12 months regardless of its outstanding efficiency in late 2024, notably between November and December. Recall that Shiba Inu witnessed excellent development inside this era, with its market cap hovering 87% from $10.54 billion to $19.7 billion.
Nevertheless, Shiba Inu has misplaced most of its positive factors following a robust correction throughout the broader crypto market. At the moment, SHIB stands because the sixteenth largest cryptocurrency globally, with a market cap of $9.56 billion.
This represents a drawdown of 51.47% from Shiba Inu’s December 2024 peak valuation. Additionally, Shiba Inu’s value has plunged by 23.2% year-to-date (YTD) to $0.00001623.
Regardless of this correction, a number of traders are nonetheless optimistic about SHIB’s long-term potential. Consequently, some are questioning how a lot SHIB’s value could possibly be value if it equals the valuation of established cryptocurrencies like XRP, BNB, and Solana.
Shiba Inu’s Future Price If It Matches XRP Market Cap
For the time being, XRP is the third-biggest cryptocurrency by market cap. It boasts a valuation of $159.07 billion, placing its value at $2.75 per coin.
For Shiba Inu to match XRP’s market cap, its valuation should soar by 1,564% from the present determine of $9.56 billion. If this occurs and Shiba Inu clinches a market cap of $159.07 billion, it could take SHIB’s value to $0.0002699.
For readability, this evaluation assumes that Shiba Inu’s circulating provide stays comparatively steady at 589.25 trillion tokens. Basically, Shiba Inu’s value might soar to $0.0002699 per token if it matches XRP’s present market cap of $159.07 billion.
Potential SHIB Price If It Equals BNB Market Cap
BNB ranks because the fifth-biggest cryptocurrency globally, with a market cap of $95.25 billion and a unit value of $667.
Given Shiba Inu’s present valuation of $9.56 billion, the canine-themed token should stage a rally of 896% to realize BNB’s market cap of $95.25 billion. Making use of this development charge to Shiba Inu’s present value will see SHIB commerce at $0.000161 per coin, assuming the asset’s circulating provide stays unchanged.
Subsequently, if Shiba Inu doubtlessly equals BNB’s present valuation of $95.25 billion, its value will soar to $0.000161 per coin.
SHIB Price If It Equals Solana Valuation
On the time of writing, Solana is sitting immediately behind BNB, making it the sixth-biggest cryptocurrency on CoinMarketCap. It has a market valuation of $94.39 billion, with a unit of SOL at present buying and selling at $193.27 per coin.
Contemplating Shiba Inu’s present valuation of $9.56 billion, it should rally by 887% to match Solana’s $94.39 billion valuation. If Shiba Inu ultimately hits this milestone, its value might rise to $0.00016 per token, as long as SHIB’s circulating provide stays steady on the present degree of 589.25 trillion.
Can Shiba Inu Attain This Feat?
Matching the market cap of XRP, BNB, or Solana could possibly be difficult for Shiba Inu, given the cryptocurrency’s hefty provide of over 589 trillion tokens. Therefore, it is crucial for Shiba Inu to bear an enormous burn to drastically cut back this provide and doubtlessly increase its worth.
Different elements, similar to widespread retail and institutional adoption of SHIB and favorable market circumstances, might additionally play important roles in serving to Shiba Inu obtain this milestone.
Nonetheless, there is no assure that Shiba Inu might match XRP, BNB, or Solana’s market cap sooner or later. Therefore, this text shouldn’t be relied upon for monetary recommendation.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article could embrace the writer’s private opinions and don’t replicate The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Fundamental is not chargeable for any monetary losses.
