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Hashdex Files With SEC to Add XRP and Cardano to Its Nasdaq Crypto Index US ETF

Lele Jima
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Hashdex Files With SEC to Add XRP and Cardano to Its Nasdaq Crypto Index US ETF

Top crypto asset manager Hashdex submits an amended filing to the U.S. SEC to include XRP and Cardano in its Nasdaq Crypto Index US ETF (NCIQ). 

Hashdex submitted the filing on March 14, seeking to expand the crypto asset offering in its Nasdaq Crypto Index US ETF. 

Currently, the fund features two of the world’s largest cryptocurrencies by market cap, Bitcoin and Ethereum. The assets are featured based on their market cap-weighted exposure, with Bitcoin and Ethereum weighing 88.3% and 11.7%, respectively. 

Hashdex Seeks to Add XRP and Cardano to NCIQ ETF 

Interestingly, Hashdex is seeking SEC approval to include other altcoins in the ETF. The proposed cryptocurrencies include XRP and ADA. In addition, the proposal also mentioned other assets like AVAX, SOL, LTC, UNI, and LINK. 

If the SEC approves Hashdex’s request, the asset manager will update the fund’s composition to mirror the weightings of the proposed altcoins based on their market valuations. 

At the time of the filing, Hashdex emphasized that Bitcoin and Ethereum account for over 85% of the ETF’s composition. 

“As of the date of this prospectus, they [Bitcoin and Ethereum] collectively represent over 85% of the Index,” an excerpt of the filing read. 

NCIQ Details 

Launched on February 13, 2025, the Hashdex ETF is trading on the Nasdaq stock exchange with a management fee of 0.25%. 

Hashdex serves as the sponsor, with U.S. Bancorp Fund Services LLC being the administrator and Parallel Distributors, the marketing agent. As of March 18, the NCIQ ETF boasts an AUM of $70.43 million and outstanding shares of 3.28 million. 

Asset Managers File to Launch XRP and Cardano ETFs in the US 

Meanwhile, some of the cryptos Hashdex plans to add to the NCIQ ETF already have separate filings for a spot exchange-traded fund. 

While XRP has filings for at least 15 ETF products from top asset managers like Bitwise and 21Shares, Cardano has seen one spot ETF application from Grayscale Investments. 

So far, the SEC has acknowledged these ETF filings, with the crypto community anticipating their potential launch later this year. 

Charles Hoskinson Responds to Claims that He Runs the Cardano Ecosystem

Elendu Benedict
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Charles Hoskinson Responds to Claims that He Runs the Cardano Ecosystem

Charles Hoskinson, the Cardano founder, has branded claims that he runs the ecosystem a “latency of fabrication.”

In a tweet today, the industry leader rebuffed speculations that he runs the Cardano ecosystem. He described the perspective as misinformation and stated that correcting fabricated claims like it typically takes years and millions of dollars.

According to him, such comments would continue to pop up in the crypto community even in the next five years, branding it a “latency of fabrication.” 

Cardano Founder Suggests It Would Take Time

For context, Hoskinson’s recent comment came as a response to a post that associated Cardano with centralization. A user claimed in a Tuesday tweet that three entities-the Cardano Foundation, the Input Output Global (IOG), and the EMURGO—run the blockchain.

The user insisted that this alleged centralized feature of the Cardano ecosystem makes the chain second fiddle to the Bitcoin network. However, this centralization claims have sprung up at an inopportune time, considering the months-long network development in the ADA blockchain.

For perspective, the major firms in the ecosystem burnt their genesis keys ahead of the Chang upgrade, relinquishing their control mechanism to every ADA holder.

The September 1 hard fork introduced complete decentralization to the Cardano network, giving power to holders of ADA, the native token of the blockchain. This bred the creation of the constitutional committee (CC) and the decentralized representatives (DReps), both efforts at bolstering decentralized governance.

Meanwhile, while this government is fully in its stride, Hoskinson suggested it would take a few more years and massive publicity for some market users to grasp this transition. He insinuated there would always be a knowledge lag before a broader acceptance and adoption.

The Bitcoin Supremacy Debate Reignites

Moreover, the critic’s comment trailed a Cardano enthusiast’s argument that the layer 1 network could augment Bitcoin’s imperfect proficiency. User Che DeBarna agreed with a narrative that Bitcoin remains indispensable and there could not be a “better Bitcoin.”

While admitting to Bitcoin’s limitations, the reaction suggested that a partnerchain with Cardano would compensate for the drawdowns of the network housing the largest cryptocurrency by market cap. He highlighted Cardano’s lighter UTXO chain, similar security, and deterministic smart contract, among others, as features it could bring to the Bitcoin ecosystem.

Notably, Cardano’s EMURGO allied last year with BitcoinOS to incorporate decentralized finance (DeFi) features into the Bitcoin network. In turn, the collaboration will unlock trillions worth of liquidity for the Cardano ecosystem.

Ethereum Founder Triggers 50% Price Crash With $124K Dump of Free Tokens

Okoya David
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Ethereum Founder Triggers 50% Price Crash With $124K Dump of Free Tokens

Ethereum founder Vitalik Buterin briefly left some unfortunate token holders nursing substantial losses.

On Tuesday, March 18, Vitalik triggered a 46% flash crash in the price of Dohrnii (DHN) from $38.505 to as low as $20.699 by selling 5,000 tokens for $124,000. Market watcher Spot On Chain called attention to this development in a post on X today.

Notably, DHN is a token that powers the Dohrnii ecosystem, a crypto education platform powered by the Ethereum network. Dohrnii Labs had sent Vitalik 10,000 DHN for free on January 29. This is a common practice for Ethereum-based projects, typically meme coins, seeking to drive attention to their project using the clout of the influential blockchain developer.

Following Vitalik’s Tuesday sale, he still holds another 5,000 DHN, currently worth nearly $190,000, per Etherscan data. Meanwhile, Dohrnii Labs has offered to facilitate the sale of these remaining holdings over the counter to minimize future market impact.

Another Donation?

Over the years, the Ethereum founder has warned projects against sending tokens to him, urging them to donate directly to charity instead. He notes that all tokens sent to him eventually get sent to charity.

For example, in August 2024, Vitalik donated $530,000 to the Effective Altruism Funds’ Welfare Fund from a mix of animal-themed meme coins he had received for free.

In the most recent reiteration of his position that projects should send tokens to charity directly instead of him, the Ethereum founder even urged projects to establish decentralized autonomous organizations to involve the community in the process.

However, as highlighted by Dohrnii Labs’ decision to send Vitalik tokens in January, several projects continue to turn a deaf ear. Etherscan data shows that vitalik.eth, the Ethereum founder’s most popular wallet address, holds over 401 tokens.

Early Shiba Inu Whales’ Activities Suggest Why SHIB Is Struggling

Elendu Benedict
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0
Early Shiba Inu Whales’ Activities Suggest Why SHIB Is Struggling

Recent insights from on-chain analytical firm Glassnode has identified how early Shiba Inu whales’ activities show why SHIB is trading sideways.

Shiba Inu had a strong start to the week, spurred by a broader market rebound. The meme coin surged to an intraday high of $0.00001360 on Monday but relinquished all its gains to close further lower at $0.00001295.

The retracement saw it close with a shooting star candlestick, a bearish indicator of further price rejections, and a possible dump to lower prices. Moreover, SHIB has followed the sideways trend, correcting over 2% already since the start of today.

Notably, the recent correction adds to Shiba Inu’s general price underperformance. The doggy-themed light-hearted meme coin has declined over 62% from its December highs of $0.00003343.

Shiba Inu’s Price Correlation with Early Whale Activities

Interestingly, Glassnode confirmed in a recent report that the price of the community-driven crypto asset has shown a strong correlation with activities from early holders. The analysis highlights the price behavior when these whales either accumulate or dump their stash.

Particularly, the report shows how Shiba Inu early whales bought 20% of the asset’s supply prior to the November 2021 price peak and how their activities confirmed the cycle’s top.

Per the analysis, whales bought over 117 trillion SHIB around July 2021. Glassnode traced these accumulations with three market indicators: the Herfindahl Index, the Net Unrealized Profit/Loss (NUPL), and the Cost Basis Distribution.

The Herfindahl Index measures market concentration and distribution among early large and small wallets. A decline in the metrics indicates that early whales are selling, marking a sentiment shift among these unique holders.

The unrealized profit and loss signal how much in profit or loss prompt buyers are. An early NUPL increase indicates most are in gains and precedes a sharp asset dump, significantly impacting prices.

Meanwhile, the Cost Basic Distribution provides insight into the average cost at which holders acquire tokens. The indicator shows where early adopters started accumulating the underlying asset—usually at a very low price. While it does not show when they resume dumping, the metric highlights when these early buyers might be inclined to sell.

CBD Indicator/Glassnode

Market Implications of These Early Holders’ Activity

Each metric highlighted an intense market early whale domination between January and July 2021 and a profit-taking disposition from the November price peak of $0.00008854 to the bear market in July 2022.

As a result, Glassnode indicated that these whales have a say in Shiba Inu’s price action. Furthermore, the analysis also highlighted a similar pattern of price pump and peak in assets like Pepe, APW, and TSUKA, reinstating the glaring influence of early holders’ activities, especially on speculative tokens.

Moreover, tracking the activities of these early adopters gives a sneak peek into market sentiments and helps indicate the market top. Their mass exit triggered an intense price decline in 2021, so a corresponding move could signal the cycle’s peak.

Interestingly, these early whales have remained largely quiet, sparking mixed reactions in the Shiba Inu ecosystem.

Since Investing in Ripple, We’ve Endured Lawsuits—Now It’s Finally Seeing the Light of Day, Says SBI Chairman

Abdulkarim Abdulwahab
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Since Investing in Ripple, We’ve Endured Lawsuits—Now It’s Finally Seeing the Light of Day, Says SBI Chairman

Yoshitaka Kitao, Chairman and CEO of SBI Holdings, expressed renewed confidence in Ripple’s future during his speech at FIN/SUM’s Core Week.

He acknowledged the legal hurdles Ripple has faced but emphasized that the company is now set for significant growth. In his speech, Kitao reflected on his early investment in Ripple, saying:

“Since I invested in Ripple, there have been numerous lawsuits. After enduring them, it is finally seeing the light of day,” Kitao stated.

Ripple Lawsuit Reaches the Light of Day

Kitao’s statement calls attention to the regulatory challenges that have long surrounded Ripple since 2020. However, hopes are high now more than ever that the Ripple lawsuit may finally be over soon. 

This optimism arises as the company and the SEC are engaged in settlement talks. This follows the SEC’s new leadership concerted effort to clarify regulations for the crypto industry.

As of now, crypto firms benefiting from the SEC’s evolving stance on crypto include Coinbase, Robinhood, and Gemini. Specifically, the regulator has dismissed legal actions against these firms and numerous others this month.

Meanwhile, many eagerly await the SEC’s decision on Ripple’s lawsuit. According to sources, the delay in reaching a settlement stems from Ripple’s desire for low fines and the potential reclassification of XRP.

With the SEC case against Ripple moving toward resolution, the focus is shifting toward broader adoption and institutional integration.

The Road Ahead for Ripple and SBI

SBI partnered with Ripple in 2012 and holds a 9% stake, making it the largest external shareholder. The collaboration also birthed SBI Ripple Asia, launched in 2016, and XRP-powered remittances via SBI Remit since 2021. The partnership is expanding, with plans to issue NFTs on the XRPL at Expo 2025.

SBI Group also aims to expand its global presence, increasing the share of overseas revenue from 10% to 20-30% in the coming years.

Notably, Kitao hailed blockchain as the “biggest revolutionary technology of this century.” He emphasized SBI Group’s continued investment in Web3 to lead the next phase of the digital economy.

The company is transitioning from “Fintech 1.0” to “Fintech 2.0” by leveraging blockchain, AI, and other emerging technologies to reshape the financial landscape.

Trump’s Crypto Policies

In his speech, Kitao highlighted recent moves by the U.S. government under President Donald Trump in shaping the crypto landscape.

He believes Trump’s executive orders, including establishing a Bitcoin Strategic Reserve and prohibiting CBDCs in the U.S., are testament to the role of decentralized assets in the future financial system.

Elliott Wave Expert Shares timeline for XRP to Reach $40 Price Target

Abdulkarim Abdulwahab
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Elliott Wave Expert Shares timeline for XRP to Reach $40 Price Target

An Elliott Wave expert and market analyst has made a bold prediction that suggests XRP could reach lofty two-digit prices this year or next.

Top crypto Youtuber Zach Rector called attention to this ambitious outlook in a post on X following his participation in an X Space titled Trench Warfare XRPL Conspiracy Knight. 

For context, the price targets, which suggest XRP could rally to a range between $20 and $40, were originally put forward by XForceGlobal, a well-known South Korean certified Elliott Wave analyst who was a speaker at the X Spaces session.

The analyst had continuously championed these targets in previous analyses, possibly reiterating them in the Spaces session. For instance, in January, XForceGlobal pointed out that XRP was tracking a 5-wave Elliott Wave pattern, predicting targets of $7 to $12 and $20 to $40.

The latest remarks further reinforce his belief in these targets. As highlighted by Rector, XForceGlobal also stressed that XRP was trading at a 5-10% premium in South Korea, citing the Kimchi Premium. This premium indicates higher demand for XRP by South Korean investors, which supports the optimistic outlook.

Optimism Amid Low Market Sentiment

This positive outlook comes at a time when XRP and the broader crypto market are battling low sentiment among market participants amid persistently dipping prices. At press time, XRP is up 2% today, improving its weekly 6.25% gain, as it trades at $2.34.

Meanwhile, those holding XRP over the last 30 days are still nursing a significant 16% loss. XRP had traded at $3 last month but dipped to $1.90 before recovering. While this price action has been concerning for holders, analysts continue to urge enthusiasts to see it as a buying opportunity.

Recently, veteran technical analyst John Bollinger, the founder of Bollinger Bands, praised XRP for holding key support levels while other crypto assets hit historic bottoms. Bollinger suggested that XRP could lead other prominent assets for the remainder of this bull run.

XRP Delivering 1,610% Gains for Holders

Now, commentators like XForceGlobal are projecting a price of up to $40 for XRP this year. Notably, reaching a $20 price would mean a 755% upside for current holders. Meanwhile, a $40 price would represent 1,610% or 17X gains for investors. 

However, not all market watchers share this high optimism about where XRP is headed this year. Many believe a more attainable target would be $10 or below for this cycle.

These analysts see prices like $40 as an overestimation of XRP’s bullish potential for this cycle, viewing such a scenario as more long-term than short-term. Conservative analysts have warned that counting on wild values for XRP this season could cause investors to miss out on profits at reasonable prices.

Counter View on When XRP Can Reach $40

Notably, analysts at prediction platform Telegaon believe it would take until 2030 before XRP reaches $40. Experts at the Changelly crypto exchange also align closely with this projection. They suggested that it could take until 2032 before XRP attains $40.

CryptoQuant CEO Says Bitcoin Bull Cycle is Over: What’s Next?

Albert Brown
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CryptoQuant CEO Says Bitcoin Bull Cycle is Over: What’s Next?

While Bitcoin currently exhibits minimal price movement, the CEO of CryptoQuant has reasons to believe the bull market is over.

Bitcoin price saw a slight decline of 0.3% in the past 24 hours. After reaching above $84,500 on Monday, Bitcoin fell to the $83,000 range, reflecting ongoing uncertainty. Meanwhile, Bitcoin has been up 4% over the past seven days, but there has been a 14.9% decline over the past month.

CryptoQuant CEO Signals Bearish Outlook

Amid this fluctuation, CryptoQuant CEO Ki Young Ju indicated that on-chain indicators point to the end of Bitcoin’s bull cycle. 

According to him, Bitcoin could experience a bearish or sideways trend for the next six to twelve months. Young Ju stressed that every on-chain data signals a bear market. Moreover, fresh liquidity is drying up, and new whales are selling Bitcoin at lower prices.

Young Ju’s alert was based on an analysis of multiple on-chain indicators. The alert applied Principal Component Analysis (PCA) to metrics such as MVRV, SOPR, and NUPL, utilizing a 365-day moving average to determine inflection points where trend shifts occur.

Peter Schiff Predicts Further Bitcoin Decline

Elsewhere, economist and Bitcoin critic Peter Schiff expressed concerns about the financial market’s impact on Bitcoin. He noted that with the NASDAQ down 12%, Bitcoin could face a sharper decline. He suggested that if this trend continues, a 12% drop in the NASDAQ might correspond to a 24% decline in Bitcoin, potentially pushing its price toward $65,000.

Schiff further referenced historical market crashes, including the Dot-com bubble burst, the 2008 Global Financial Crisis, and the COVID crash of 2020, during which the NASDAQ declined by 80%, 55%, and 30%, respectively.

He argued that Bitcoin could be at risk of a much steeper downturn if a similar market collapse occurs. His worst-case scenario suggests Bitcoin could fall to $20,000 or lower.

Bitcoin Miners Book Profits

Additionally, Bitcoin miners have been actively booking profits, with over $27 million cashed out, according to analyst Ali Martinez. Data from CryptoQuant showed a significant increase in early miners realizing profits in USD this month. 

The trend indicates heightened selling pressure from miners, potentially adding to Bitcoin’s market instability.

Shiba Inu Team Mentions These 5 SHIB Achievements to Elon Musk

Lele Jima
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0
Shiba Inu Team Mentions These 5 SHIB Achievements to Elon Musk

Shiba Inu ecosystem team calls Elon Musk’s attention to its achievements from 2021 to 2025, showcasing SHIB’s evolution from a meme coin to a utility project. 

Shiba Inu has experienced significant growth since its launch. SHIB, which launched as a meme coin in August 2020, has grown into a major ecosystem with multiple projects.

In addition, its ecosystem tokens, particularly SHIB, witnessed remarkable growth that saw its value surge over 150 million percent to an ATH of $0.00008616.  

5 Major Shiba Inu Achievements 

Despite Shiba Inu’s achievements going viral in the crypto community, the team recently called on Musk to educate him about the cryptocurrency’s successes from 2021 to 2025. 

Lucie, the leader of marketing at Shiba Inu’s ecosystem, highlighted these achievements in five major points. 

Shibarium 

At the top of the list is Shibarium, Shiba Inu’s Layer-2 blockchain built on Ethereum. Recall that Shiba Inu ecosystem developers launched the L2 blockchain in August 2023. Lucie claims that Shibarium is fast and cheaper to use when powering decentralized applications (dApps). 

Notably, she highlighted ShibDev, a platform that provides developers with the relevant tools to build on Shibarium. The marketing lead also emphasized that Shibarium powers gaming and can be adopted for real-world use cases. 

Games and Metaverse 

Second, the Shiba Inu ecosystem team included its multiple games and the metaverse project in the list of its achievements over the past few years. 

So far, the team has launched five games within the ecosystem: Shiba Eternity, Lap Dogs, Shibridge, Shiboshi Rush, and Agent Shiboshi. The ecosystem also has a functional metaverse project in the form of SHIB: The Metaverse. 

The post suggests that these projects are not just for fun but are designed to give users real rewards. 

Partnerships 

Another remarkable milestone Shiba Inu has achieved between 2021 and 2025 is its numerous collaborations with top projects such as K9 Finance, Chainlink, and Zama.ai. 

Interestingly, the UAE government is also Shiba Inu’s official partner. The partnership, signed earlier this year, will see the UAE government utilize Shiba Inu’s technology to boost its citizen-focused governance.  

Lucie noted that these partnerships aim to advance blockchain, AI, and finance to the next level. 

Shib OS

Furthermore, Lucie highlighted Shiba Inu OS (Shib OS) as another achievement made by its developers. Introduced earlier this year on Shibarium, Shib OS serves as a game-changer for builders and everyday users. It creates an all-in-one ecosystem featuring relevant gaming, transactions, and governance tools. 

Lucie suggested that with Shib OS, Shiba Inu’s real-world applications extend beyond crypto into other sectors.

Shib Torch 

Finally, the marketing lead highlighted Shiba Inu’s burn portal, Shib Torch, as one of its developmental achievements. This burning mechanism, released last year, seeks to reduce SHIB’s circulating supply by burning the token using a fraction of Shibarium transaction fees. 

Lucie suggested that this continuous incineration aims to amplify SHIB’s shift from a meme coin to a utility project. 

Furthermore, she indicated that the Shiba Inu ecosystem development team did not just create hype by building; it changed the game. In a follow-up comment, she mentioned that the team is still building and hoping that these efforts will drive the growth of the ecosystem assets’ values. 

In the meantime, Musk has yet to respond to these comments. 

“Ethereum is Dying,” Pundit Predicts Timeline For XRP To Flip ETH

Sam Wisdom Raphael
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0
“Ethereum is Dying,” Pundit Predicts Timeline For XRP To Flip ETH

A market pundit has argued that XRP could flip Ethereum to become the second-largest crypto asset in the next three months.

Ethereum Continues to Underperform 

This comes amid Ethereum’s bearish price performance since Q4 2024, as the altcoin continues to underperform the rest of the market. For instance, after the U.S. elections last November, the altcoin market (TOTAL2) gained 55%, while ETH saw a less substantial 47% increase.

Now, as the broader market pullback emerges, the altcoin market has dropped 23.52% year-to-date. However, ETH has crashed by 42.94% within the same timeframe. The altcoin has also lost massive value against Bitcoin and XRP since December amid this turbulent period.

Meanwhile, XRP has performed much better, leveraging Ethereum’s current underperformance to gain ground. For context, since November 2024, XRP has gained by more than 256% against Ethereum. The XRPETH pair has observed four consecutive green monthly candles within this period.

XRP to Flip ETH in 90 Days?

Considering these market conditions, market pundit and founder of Alpha Lions Academy Edoardo Farina believes XRP might be well on its way to surpass Ethereum’s market cap. For context, despite the underperformance, ETH is still the second-largest crypto asset, with $229.4 billion in market cap.

Nonetheless, Farina believes the altcoin king is likely to lose its position to XRP, which has outperformed the broader market in the past five months. “ETH is dying,” the pundit asserted. According to him, this expected flip could occur over the next three months.

Edoardo Farina on X
Edoardo Farina on X

Besides Farina, other industry leaders have pointed out Ethereum’s poor market condition. The Crypto Basic confirmed recently that Standard Chartered lowered its Ethereum price prediction for the end of 2025 from a lofty $10,000 to $4,000. Notably, the revised figure is lower than Ethereum’s 2021 all-time high.

While the bank mostly cited the shift in capital from Ethereum mainnet to layer-2 networks like Base, its recent price performance has also contributed to the review. If ETH continues in this trajectory and XRP preserves its bullish run, the flip could occur.

Notably, with ETH boasting a market cap of $229.4 billion, XRP has a valuation of $133.2 billion. As a result, XRP needs to add an additional $96.3 billion in valuation to surpass ETH. For this to occur, XRP would only need to rise to $3.9. At its current price of $2.29, a rally to this mark would only demand a 72% increase.

Here Are Returns on $1,000 Invested in Shiba Inu at $0.00001282 If SHIB Hits $100B Market Cap

Lele Jima
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0
Here Are Returns on $1,000 Invested in Shiba Inu at $0.00001282 If SHIB Hits $100B Market Cap

Investors who invest $1,000 in Shiba Inu at the current price could rake in massive returns if SHIB’s market cap soars to $100 billion.  

Shiba Inu has registered slight gains following its devastating collapse below the $0.000011 price mark last week. Recall that SHIB’s price plunged to a multi-month low of $0.00001090 on March 11. Interestingly, it rebounded quickly, soaring above the $0.000012 territory a few days later. 

At 13:57 (UTC) on March 15, SHIB trades at $0.00001282 per token, representing a 17.61% increase from the March 11 low. Shiba Inu’s price is up 3.45% over the past 24 hours, with its market cap at $7.55 billion. 

SHIBUSDT 2025 03 15 14 57 40
SHIBUSDT 2025 03 15 14 57 40

Amid SHIB’s latest recovery, some community figures have taken to crypto-related forums to set lofty targets for the token, with some projecting a surge to a $100 billion market cap. 

Projected Rise to $100B Market Cap 

This prediction has gained popularity within the Shiba Inu community over the past year. Notable experts like Oscar Ramos and Jake Gagain believe SHIB can achieve a market cap of $100 billion in its lifetime. 

According to Gagain, SHIB will soar to a market cap of $100 billion this cycle. He believes SHIB will be the first memecoin to hit this target.  

Similarly, Ramos, a popular market commentator, echoed that it has been confirmed that SHIB will clinch the $100 billion market cap. 

However, the experts did not highlight any factor that will drive SHIB to the target valuation or a possible time frame in which the prediction could materialize. 

SHIB Price If Market Cap Hits $100B 

Since Shiba Inu’s inception in August 2020, the token has experienced significant price surges, with most of these rallies occurring during the 2020/2021 market cycle. 

During this period, SHIB attained a peak valuation of $39 billion, a move that took its price to $0.00008845 per token. Therefore, hitting a $100 billion market cap will see SHIB register a new all-time high (ATH) price. 

If SHIB clinches a market cap of $100 billion, its price will rise to $0.0001697, marking a new ATH for the token. This analysis assumes that SHIB’s circulating supply of 589.25 trillion tokens remains unchanged.  

Interestingly, the $0.0001697 price is close to a previous target Ramos set in September 2024. 

Notably, while popular prediction platform Telegaon speculates that SHIB will clinch the $100 billion market cap by 2027, Changelly experts believe the feat will materialize the following year. 

Returns of $1,000 Investment in Shiba Inu If SHIB Clinches a Market Cap of $100B

While the possibility of SHIB attaining a $100 billion market cap remains uncertain, the current market conditions present an opportunity for investors to procure the token at a discounted price. 

For instance, a $1,000 investment in Shiba Inu at the current price of $0.00001282 will fetch 78,003,120 (78 million) SHIB tokens. Interestingly, this investment will yield impressive returns if SHIB soars to a market cap of $100 billion or a price target of $0.0001697. 

To be specific, a portfolio of 78 million SHIB, currently worth $1,000, would skyrocket to $13,237 if the $100 billion market cap or $0.0001697 price target becomes a reality. 

Once achieved, an investor who committed $1,000 in SHIB today would rake in a profit of over $12,000.  

Can SHIB Hit $100 Billion Market Cap? 

Shiba Inu’s market cap is currently in the billions. This indicates that the $100 billion target is not far-fetched. Nonetheless, several factors would be required to drive SHIB’s valuation to this level. 

Some include increased adoption from retail and institutional investors, favorable market conditions, overall ecosystem growth, and hefty SHIB burns that drastically reduce the token’s circulating supply. 

Despite these bold predictions and analyses, investors must tread with caution as nothing is certain in the crypto market due to its inherent volatility. 

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