What Is SHIB’s Price If Its Market Cap Hits $500 Billion?

Shiba Inu (SHIB) was quick to climb the crypto charts. SHIB is the 17th largest crypto project by market cap, with a valuation of about $12.15 billion. SHIB’s price skyrocketed during the 2021 bull run, rallying by many million percent. Early investors made massive gains while SHIB climbed the ranks.

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What’s Shiba Inu’s Price If Its Market Cap Hits $500 Billion?

While SHIB has continued to display its strength as a top crypto contender, fans and investors wonder what the asset’s price will be if its market cap reaches far more significant figures.

There are about 589 trillion SHIB tokens in circulation right now. Let’s assume the project’s supply remains unchanged while the market cap increases to $500 billion. In this scenario, the price of each SHIB token will rise to around $0.0008488 ($500 billion/589 trillion).

Reaching $0.0008488 from current price levels will translate to a rally of nearly 4000%. Hitting $0.0008488 will also mean a new all-time high for SHIB. The asset’s price could go much higher than $0.0008488 if its circulating supply goes down.

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When Can The Asset Hit $0.0008488?

According to Changelly, SHIB could hit the $0.0008488 mark sometime in 2033, about eight years from now. The platform anticipates the dog-themed crypto to trade at a potential maximum price of $0.00119988 in 2033. Hitting $0.00119988 from current price levels will entail a rally of about 5704%.

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Telegaon analysts also paint a similar picture for SHIB. The platform predicts SHIB to hit the $0.0008488 mark sometime between 2030 and 2035, which is in line with Changelly’s forecast.

SHIB could hit the $0.0008488 mark much sooner if the team undertakes a drastic burn initiative. The developers are reportedly working on a new burn mechanism, rumored to burn trillions of tokens yearly. Such a development could take SHIB to $0.0008488 much sooner.