Given its market dominance of 0.19%, Shiba Inu could register a new all-time high if the global crypto market cap skyrockets to $100 trillion.
The broader crypto market extended its bearish trend, with the total valuation slipping 1.36% over the past day to $3.81 trillion. This downturn had a ripple effect on the prices of major assets like Bitcoin and Shiba Inu. While the firstborn cryptocurrency is down 1.69% in the past 24 hours, Shiba Inu has lost 0.89% of its value in the same timeframe.
Currently, Shiba Inu has a valuation of $7.25 billion, representing 0.19% of the $3.81 trillion total market cap. Although the broader market is currently bearish, some industry stakeholders are optimistic about an upcoming rebound.
Total Crypto Market Cap to Hit $100T By 2032
One of such predictions came from Raoul Pal, the co-founder and CEO of Real Vision. In a recent commentary on CNBC, the Real Vision CEO projected that the global crypto market cap could exceed $100 trillion by 2032.
This would require the current valuation of $3.81 trillion to expand by 2,524% within the next seven years. Pal believes that this rally will be driven by two major forces: monetary debasement and adoption.
Such exponential growth would inevitably reflect in the valuations of leading digital assets. Expectedly, some Shiba Inu enthusiasts have imagined how this broader market expansion could translate into price gains for their beloved token, SHIB.
Potential Impact on Shiba Inu Price by 2032
Therefore, we explored how much SHIB could be worth assuming it maintains its dominance and the total crypto market cap hits $100 trillion. With a valuation of $7.25 billion, Shiba Inu accounts for 0.19% of the total crypto market cap of $3.81 trillion.
If Shiba Inu sustains its 0.19% market dominance and the total crypto market cap climbs to $100 trillion, its valuation could soar from $7.25 billion to $190 billion. Given Shiba Inu’s supply of 589 trillion tokens, this $190 billion market cap translates to a unit price of $0.000322, marking a new all-time high for SHIB.
Previous Predictions
The lofty $0.00032 target has been featured in various Shiba Inu predictions. Last month, a veteran trader known in the crypto community, Anonymous, forecasted that SHIB would reach the ambitious target in the fourth quarter of 2025. Aside from anticipating an imminent market-wide bull run, the analyst did not cite any additional catalyst to fuel this ambitious rally.
Meanwhile, other market commentators have predicted Shiba Inu’s climb to around the $0.0003 level. For instance, CIFDAQ Blockchain Ecosystem founder Himanshu Maradiya speculated that SHIB would reach the $0.0003 level before the end of this year.
In a Finder report, a group of experts framed $0.0003 as a realistic target for Shiba Inu. According to them, the prediction is expected to materialize between 2030 and 2035. This aligns with the same timeframe Pal expects the global crypto market cap to reach $100 trillion and beyond.
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.
