Shiba Inu (SHIB) has come a long way in its four-year history. The asset has turned several investors into multimillionaires. SHIB’s price has failed to gain momentum over the last few years. The asset breached the $0.000036 mark in March 2024. Since March 2024, the crypto has experienced a downward trajectory.
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What’s Shiba Inu’s Price If Its Market Cap Equals XRP’s?
SHIB has a market cap of about $8.86 billion. Ripple’s XRP has a valuation of $135.14 billion.
Let’s assume that SHIB’s supply remains at its current 589 trillion figure. If the project’s market cap hits $135.14 billion, the price of each SHIB token will hit about $0.0002294. Reaching $0.0002294 from current price levels will entail a rally of about 1427.3%. Reaching this target will also mean a new all-time high for the dog-themed crypto.
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The question now is when SHIB will hit this price point.
When Will The Asset Hit $0.0002294?
According to Telegaon, Shiba Inu (SHIB) could hit the $0.0002294 target sometime in 2028, about three years from now. The platform anticipates the asset to trade at a maximum price of $0.000312 in 2028. Reaching $0.000312 from current price levels will entail a rally of about 1977.23%.
Changelly analysts are slightly more bearish on SHIB. The platform anticipates the asset to hit the $0.0002294 target sometime in 2029. Changelly predicts SHIB will trade at a maximum price of $0.0002569 in 2029. Hitting $0.0002569 from current price levels will result in a 1610.39% rally.
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There is also a possibility that SHIB will reach the $0.0002294 target sooner than anticipated. The asset could rise to new highs if the crypto market experiences favorable conditions. The pro-crypto administration in the US could pave the way for SHIB to hit never-before-seen price levels.