Surpassing Tether’s current market cap could push Shiba Inu to a new all-time high, potentially dropping one of its leading zeros.
Despite crashing to a 16-month low of $0.00001010 over the weekend, Shiba Inu still maintained its position as the 19th-biggest crypto by market cap. However, it risks being overtaken by Litecoin and dropping to the 20th position.
Nonetheless, many investors remain optimistic, encouraged by bullish statements from the Shiba Inu team, which promised better days for SHIB.
Through its marketing lead, Lucie, the team emphasized that it is not yet over until Shiba Inu wins. Last year, Shiba Inu’s lead developer, Shytoshi Kusama, hinted at plans to position SHIB among the top 5 cryptocurrencies.
Market Cap Required for SHIB to Overtake Tether
Several months after Kusama’s bold claim, we examine how much one SHIB would be worth if Shiba Inu overtook Tether’s (USDT) market cap. Tether has ranked among the top five crypto assets for years.
At the time Kusama made his comments, USDT was the third-largest cryptocurrency. As of press time, it still holds that position, boasting a market cap of $156.02 billion. Meanwhile, Shiba Inu is currently the 19th-largest crypto with a valuation of $6.37 billion.
Assuming Shiba Inu’s market cap increases to $156.1 billion while Tether’s valuation remains stable at $156.02 billion, SHIB would surpass USDT to become the third-largest cryptocurrency globally. Shiba Inu would be trailing only Bitcoin and Ethereum in this hypothetical scenario.
Shiba Inu Price If It Surpasses Tether
Such a development would significantly impact SHIB’s price, potentially pushing it to levels never seen before. For reference, when SHIB hit its all-time high of $0.00008845 in October 2021, its market cap was under $45 billion.
If Shiba Inu’s market cap reaches $156.1 billion with a circulating supply of 589.25 trillion tokens, each SHIB would be worth approximately $0.0002649. This represents a 2,350% increase from its current price of $0.00001081.
Is $0.0002649 Feasible for Shiba Inu?
Reaching this new price milestone would mark an all-time high for SHIB and remove one zero from its price. Since its launch, SHIB has never traded with just three leading zeros.
Nonetheless, some experts believe SHIB could eventually reach $0.0002649. While crypto exchange Changelly predicts this could happen by May 2032, Telegaon estimates it could materialize as early as 2028.
Meanwhile, The Crypto Basic has reported several projections from top experts who believe the $0.0002 price milestone is within reach.
In September 2024, Analyst Michael referenced a bullish Elliott Wave formation on Shiba Inu’s chart to predict a surge to the $0.0002 mark in the medium term.
In addition, Charting Guy disclosed that he was doubling his Shiba Inu holdings in anticipation of a major spike to the $0.0002 range. He made this prediction in November 2024, when SHIB was trading around $0.000025. Since then, SHIB has dropped 60% and is now trading at $0.00001081.
Despite this decline, the prospect of a price surge to $0.0002649 remains. The token has previously experienced massive rallies, the largest of which occurred during the 2020–2021 bull run.
However, whether SHIB can ultimately reach a $156.1 billion market cap or surpass Tether’s valuation remains speculative.
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.
