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.
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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.
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.
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 LACHAKARI opinion. Readers are encouraged to do thorough research before making any investment decisions. LACHAKARI is not responsible for any financial losses.
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