Shiba Inu Market Cap Predicted To Hit $100 Billion: Here’s When

If SHIB’s market cap reaches $100 billion, the price of each token will become $0.000169, given the number of tokens in circulation remains the same at around 589 trillion. Reaching $0.000169 from current price levels will translate to a rally of about 884.8%.

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The asset’s price could go even higher if its circulating supply goes down. Shiba Inu (SHIB) seems to be undergoing a significant price correction at the moment. The asset’s price has fallen 3.8% in the daily charts, 13.2% in the weekly charts, and 5.5% over the previous month. SHIB has, nonetheless, maintained a 4.2% gain in the last 14 days.

Can Shiba Inu’s market cap hit $100 billion in 2024?

To hit a $100 billion market cap, the price of each SHIB token has to reach $0.00016. According to Changelly, SHIB’s price will breach the $0.00016 level in 2028, hitting a maximum price of $0.00017 for the year.

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Telegaon is slightly more bullish on SHIB, predicting the asset to breach the $0.00016 level in 2027. The platform anticipates a maximum price of $0.000198 for the year.

It is also within the realm of possibility for Shiba Inu to hit $0.00016 in 2024, but several factors need to be considered. Firstly, the general market needs to be bullish. Secondly, SHIB has to either witness a surge in adoption or a large number of tokens have to be burned.