How High Will Shiba Inu Rise If Its Market Cap Hits $500 Billion?

On Oct 16, 2024

Meme coins have been taking over the cryptocurrency market. Assets like Dogecoin (DOGE) and Shiba Inu (SHIB) have garnered immense popularity.

The SHIB ecosystem, in particular, has been doubling down on its efforts to boost utility. The network recently announced a new partnership with Mass Finance Inc., a prominent financial provider, to take SHIB to new heights. This is mainly focused on the finance industry.

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Predicting Shiba Inu’s Potential Market Cap And Price Surge

However, the real question is whether increased partnerships are enough to push the price of the meme coin. At press time, SHIB was trading at $0.00001833 following a nearly 2% spike over the past 24 hours. It should be noted that the meme coin witnessed notable recovery as it rose from a low of $0.00001791 to a high of $0.00001892.

The asset’s market cap also recorded a slight spike of 1.46%. Currently, SHIB is the 13th largest cryptocurrency with a market value of $10.81 billion. While its market cap is fairly low, the community believes the coming bull market could boost SHIB towards the $100 and even $500 billion zone.

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Shiba Inu’s Price if Its Market Cap Reaches $500 Billion

Shiba Inu’s $500 billion market capitalization translates to a price of around $0.0008485. The asset requires an increase of 4,229% from its present price level. This is much higher than its all-time high of $0.00008845, achieved about three years ago.

According to Telegaon, a prediction tool, Shiba Inu may hit a price level of $0.0008 by 2035. Changelly, a cryptocurrency exchange, countered that the goal would be reachable by 2032. As a result, investors will have to wait quite sometime before the meme coin reaches this mark.