Here is an article discussing Shiba Inu’s potential price growth if it were to reach the market cap of Bitcoin. Currently, Shiba Inu (SHIB) has faced a downward trend, experiencing a 7.57% decrease from its high point in May. The Accumulation/Distribution indicator also confirms this selloff campaign, as more investors have been selling off their SHIB tokens. As a result, Shiba Inu’s market cap has been impacted.
Despite these challenges, SHIB still maintains a market cap of $14.08 billion, making it the 11th largest cryptocurrency. However, compared to Bitcoin’s market cap of $1.31 trillion, SHIB’s valuation is significantly lower. Some market analysts predict that SHIB will increase in price in the future, with projections ranging from $0.00051 to $0.01. However, skeptics argue that SHIB’s circulating supply could hinder its market cap from reaching unrealistically high levels.
In a hypothetical scenario where SHIB achieves a market cap of $1.31 trillion, its price would soar to $0.002217, representing a substantial gain of 9,287%. This demonstrates the potential magnitude of such a rally, although it is considered unlikely that SHIB could reach even 10% of Bitcoin’s market cap. Overall, the article highlights the challenges and speculations surrounding Shiba Inu’s price and market cap.