Shiba Inu can eliminate a zero from its price if SHIB equals the market cap of XRP, BNB, or Solana in the future.
Shiba Inu (SHIB) has remained in bearish territory this year despite its remarkable performance in late 2024, particularly between November and December. Recall that Shiba Inu witnessed outstanding growth within this period, with its market cap soaring 87% from $10.54 billion to $19.7 billion.
However, Shiba Inu has lost most of its gains following a strong correction across the broader crypto market. Currently, SHIB stands as the 16th biggest 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. Also, Shiba Inu’s price has plunged by 23.2% year-to-date (YTD) to $0.00001623.
Despite this correction, several investors are still optimistic about SHIB’s long-term potential. Consequently, some are wondering how much SHIB’s price could be worth if it equals the valuation of established cryptocurrencies like XRP, BNB, and Solana.
Shiba Inu’s Future Price If It Matches XRP Market Cap
At the moment, XRP is the third-biggest cryptocurrency by market cap. It boasts a valuation of $159.07 billion, putting its price at $2.75 per coin.
For Shiba Inu to match XRP’s market cap, its valuation must soar by 1,564% from the current figure of $9.56 billion. If this happens and Shiba Inu clinches a market cap of $159.07 billion, it would take SHIB’s price to $0.0002699.
For clarity, this analysis assumes that Shiba Inu’s circulating supply remains relatively stable at 589.25 trillion tokens. Essentially, Shiba Inu’s price could soar to $0.0002699 per token if it matches XRP’s current market cap of $159.07 billion.
Potential SHIB Price If It Equals BNB Market Cap
BNB ranks as the fifth-biggest cryptocurrency globally, with a market cap of $95.25 billion and a unit price of $667.
Given Shiba Inu’s current valuation of $9.56 billion, the canine-themed token must stage a rally of 896% to attain BNB’s market cap of $95.25 billion. Applying this growth rate to Shiba Inu’s current price will see SHIB trade at $0.000161 per coin, assuming the asset’s circulating supply remains unchanged.
Therefore, if Shiba Inu potentially equals BNB’s current valuation of $95.25 billion, its price will soar to $0.000161 per coin.
SHIB Price If It Equals Solana Valuation
At the time of writing, Solana is sitting directly behind BNB, making it the sixth-biggest cryptocurrency on CoinMarketCap. It has a market valuation of $94.39 billion, with a unit of SOL currently trading at $193.27 per coin.
Considering Shiba Inu’s current valuation of $9.56 billion, it must rally by 887% to match Solana’s $94.39 billion valuation. If Shiba Inu eventually hits this milestone, its price could rise to $0.00016 per token, so long as SHIB’s circulating supply remains stable at the current level of 589.25 trillion.
Can Shiba Inu Attain This Feat?
Matching the market cap of XRP, BNB, or Solana could be challenging for Shiba Inu, given the cryptocurrency’s hefty supply of over 589 trillion tokens. Hence, it is imperative for Shiba Inu to undergo a massive burn to drastically reduce this supply and potentially boost its value.
Other factors, such as widespread retail and institutional adoption of SHIB and favorable market conditions, could also play significant roles in helping Shiba Inu achieve this milestone.
Nonetheless, there is no guarantee that Shiba Inu could match XRP, BNB, or Solana’s market cap in the future. Hence, this article should not be relied upon for financial 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.
