Shiba Inu (SHIB) has quickly climbed the charts and is currently the 13th-largest crypto project by market cap, with a valuation of about $15.85 billion. SHIB is also among the most popular crypto projects in the market. The asset’s performance in the 2021 bull run solidified its status as a millionaire maker. SHIB’s price rallied by many million percent in 2021, turning early investors into multi-millionaires.
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What’s Shiba Inu’s Price If Its Market Cap Equals Solana?
Solana (SOL) has a market cap of $103.95 billion. Let’s assume SHIB’s market cap hits $103.95 billion, and its circulating supply remains at 589 trillion. In this scenario, the price of each SHIB token would reach $0.000176 ($105.95 billion divided by 589 trillion). Hitting $0.000176 from current price levels will entail a rally of about 554%.
If SHIB’s circulating supply goes down, the asset’s price could go much higher than $0.000176. Although a 554% rally may seem significant, it is not something SHIB has not done before.
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When Will The Asset Hit $0.000176?
According to Changelly analysts, Shiba Inu (SHIB) could hit the $0.000176 mark in July 2030, about five and a half years from now.
Telegaon analysts are more bullish on SHIB than Changelly. The platform anticipates the asset to hit the $0.000176 mark sometime in 2027. The platform predicts SHIB will trade at a maximum price of $0.000198 in 2027.
One of the most significant barriers to SHIB’s price is its massive supply. If the team drastically reduces the project’s supply, we may hit the $0.000176 much sooner than anticipated.
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One of the most substantial catalysts for SHIB’s incredible rally in 2021 was Vitalik Buterin’s token burn. The Ethereum co-founder received half of SHIB’s supply upon launch. Buterin decided to burn 90% of the tokens he received. If the team can undertake a similar initiative, we may witness another 2021-like rally.
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