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HomeCrypto NewsMarketHere’s Shiba Inu Price and Market Cap if SHIB is Able to Rise 1,000%, 5,000% and 10,000%

Here’s Shiba Inu Price and Market Cap if SHIB is Able to Rise 1,000%, 5,000% and 10,000%

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The Shiba Inu price could potentially erase two leading zeros and trigger a massive spike in market cap if SHIB manages to spike up to 10,000%.

Notably, the crypto market has faced turbulence over the past seven months. This turbulence has been a direct effect of the correction that began in March 2024. SHIB is one of the victims of the market-wide challenges, having dropped from its yearly peak of $0.000045 in early March.

Shiba Inu Halts Rally

The current issues have dampened the rally potential of multiple assets, including Shiba Inu. For instance, SHIB spiked by over 360% within two weeks to reach $0.000045. However, the roadblock at this level halted the upsurge. 

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Interestingly, data from on-chain intelligence platform IntoTheBlock confirms this potent resistance level. Per IntoTheBlock, Shiba Inu faces a massive supply wall between $0.000036 and $0.000045. Notably, about 63,950 addresses hold 12.61 trillion SHIB at this level.

Shiba Inu GIOM intoTheBlock
Shiba Inu GIOM | intoTheBlock

Since Shiba Inu’s collapse from the $0.000045 high, it has been unable to reclaim the price region. Despite the lack of conviction, investor optimism remains high. One major catalyst of this optimism is the ton of analyses predicting SHIB to recover $0.000045 and even aim higher targets like $0.000081.

Some market commentators cite Shiba Inu’s historical success as motivation. For context, CoinGecko confirmed that SHIB transformed $12 to $1 million from 2020 to 2021 amid an impressive 8,424,203% rise within 453 days. 

Amid the bullish predictions, varying degrees of rallies have surfaced. For instance, Shiba Inu marketer Lucie recently suggested SHIB is capable of rallying 1,000% within a short period. 

Shiba Inu Price and Market Cap After 1,000%, 5,000% or 10,000% Rally

In April, a market analyst argued that Shiba Inu is among multiple meme coins that could rise 5,000% or 50x. Another analyst Ava Monaro predicted in July that SHIB could rise 10,000% along with other tokens following the launch of Ethereum ETFs.

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If Shiba Inu manages to secure any of these projections, its price would hit unprecedented levels. Notably, Shiba Inu price currently trades for $0.000017. A 1,000% rise from this price level would push prices to $0.000187. This price point translates to a market cap of $110.14 billion for SHIB.

Meanwhile, if Shiba Inu secures a 5,000% rally, its price could theoretically increase to $0.000867. Such a price would lead to a SHIB market cap of $510.6 billion, nearly half of Bitcoin’s (BTC) current valuation, and much higher than of Ethereum (ETH).

Lastly, a 10,000% rally from SHIB would result in a price of $0.001717, leading to a market cap of $1.01 trillion, nearly reaching Bitcoin’s valuation. However, it bears mentioning that these projections are merely hypothetical and should not serve as investment advice.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.

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