Shiba Inu recent growth above the $0.000016 mark triggers speculations about a potential surge to a market capitalization of $150 billion.
Shiba Inu (SHIB) is gradually recovering from the recent market turbulence that wreaked havoc on crypto prices. Following its devastating collapse earlier this week, Shiba Inu plunged to a multi-month low of $0.0000123 on Sunday night.
$150B Market Cap Speculation Emerge Amid SHIB Latest Rally
However, the plunge did not last as SHIB recovered most of its losses, soaring above the $0.000016 mark today and reaching a daily high of $0.00001691.
This rally occurred after President Donald Trump ordered the creation of a sovereign wealth fund, which could potentially prompt the United States government to invest in crypto assets like Bitcoin (BTC).
Although SHIB has retraced below the $0.000016 mark, its recent rally triggered speculation within the community, with some investors speculating that the asset could attain a market cap of $150 billion someday.
Here is Shiba Inu’s Price at $150B Market Cap
Consequently, The Crypto Basic analyzes how much Shiba Inu would be worth if it eventually achieved this milestone. At press time, Shiba Inu is trading at $0.00001532, up 8.19% over the past 24 hours. Conversely, the token remains down by 19.34% over the past week and 35.69% over the past month.
Shiba Inu ranks as the 18th biggest cryptocurrency, with a market capitalization of $9.02 billion. The $150 billion projection surpasses Shiba Inu’s peak market cap of $45 billion, registered on October 28, 2021, when Shiba Inu hit an all-time high price of $0.00008616.
Shiba Inu’s market cap must rise by 1,562% from its current valuation to reach the projected $150 billion target. At a $150 billion market cap, Shiba Inu will eliminate one of the zeros after its decimal and trade at $0.00025455. This estimation assumes that the circulating supply of Shiba Inu remains stable at 589.25 trillion.
Potential Timelines for Shiba Inu Surge to $0.00025
The significance of the $0.00025 mark cannot be overemphasized. Achieving this feat will eventually eliminate a zero from Shiba Inu’s price, potentially paving the way for greater surge.
Interestingly, the $0.00025 projection is not in isolation, as other market observers have also issued similar predictions for SHIB. Last year, The Crypto Basic estimated that Shiba Inu could surge to $0.000254 if it maintains its correlation with Ethereum and ETH eventually hits a price target of $50,000.
According to Changelly experts, Shiba Inu will rise to $0.0000256 by August 2031, six years from now. However, popular prediction platform Telegaon disagreed with this forecast, noting that SHIB will clinch the $0.00025 target sooner, specifically by 2028.
Meanwhile, Shiba Inu could attain this feat earlier than the projected timelines set by Telegaon and Changelly. However, this will require the alignment of several factors, ranging from more SHIB burns to widespread adoption.
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.