If Shiba Inu becomes a $1 trillion market cap crypto asset, as predicted by lead developer Shytoshi Kusama, it can spike by 9,743% to delete two leading zeros.
Lead developer Shytoshi Kusama has persistently maintained that Shiba Inu is capable of greater heights. In March, Kusama argued that a $0.00012 target is an underestimate for SHIB.
Most recently, Kusama entertained an interview with the leading business magazine Arabian Business. During the interview, the lead developer discussed the far-reaching goals of the Shiba Inu ecosystem. Interestingly, Kusama asserted that the goal is to make SHIB the first trillion-dollar decentralized entity in the world.
Shiba Inu has come a long way since its launch in August 2020. Industry leaders like Ethereum founder Vitalik Buterin initially underestimated the project’s potential. Buterin admitted in March that SHIB exceeded his expectations. However, Kusama’s commentary suggests that greater heights are possible.
Shiba Inu Price at a $1T Market Cap
With SHIB now boasting a market cap of $10.148 billion, it stands as the thirteenth largest crypto in the world. Should Shiba Inu claim a $1 trillion market cap, it would only come second to Bitcoin (BTC) on the list of largest assets. However, this valuation would demand a massive price spike.
Shiba Inu currently trades for $0.00001724 with a circulating supply exceeding 589 trillion tokens. SHIB must spike to a price of $0.001697 to hit a $1 trillion valuation, assuming its supply remains stable. This would demand 9,743% increase from the current price, a feat that several market watchers deem possible.
Notably, amid multiple price projections around Shiba Inu, the $0.001 prediction has come up several times. Prominent market analytical resource Coinpedia Markets made such a projection. The platform predicted that SHIB may surge by 10x or 100x following the approval of Ethereum ETFs. At the time, a 100x increase would lead to a $0.0016 price for Shiba Inu.
Also, notable Bitcoin advocate and crypto investor Armando Pantoja speculated in April that SHIB could reach $0.001 this year. However, it is important to note that despite the prevalence of these predictions, Shiba Inu’s potential to reach $0.001 remains contested.
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