By Key Points
- If we take Shiba Inu at $0.000017 for instance, we could expect returns of up to 4000% if it matches Ethereum’s market cap.
- The current price of SHIB is $0.00001766; market capitalization amounts to $10.36 billion.
- Ethereum’s market cap is more than $420B.
- For SHIB to catch up with Ethereum’s cap its price has to go up by 3,936%.
Shiba Inu (SHIB) is under intense bearish pressure as it continues to hit new lows. According to the latest data, SHIB currently stands at $0.00001766 per unit, which is a long way down from the high of $0.00002627 recorded earlier this month marking a fall of about 34%. The continuous fall in value has kept the market capitalization of Shiba Inu around $10.36 billion.
However potential upside for those willing to buy the dip might be massive. If Shina could match Ethereum’s market cap then returns might be astronomical.
NEW: Here are Returns on $1,000 Invested in Shiba Inu at $0.000017 if SHIB Hits ETH Market Cap#SHIB $SHIB
— Crypto Chiefs News (@CryptoChiefNews) July 1, 2024
The current trading rate for ethereum (ETH) is around 3,432 USD which means that it has also not been unharmed during this all-time decline and has gone down more than 8% over the last timespan even though ethereum still maintains an imposingly large market cap worth over four hundred twenty billion dollars nearly like that held by some giant corporations such as Mastercard.
Therefore, if this were the case Shib would be worth much higher numbers compared to what they are now if it eventually reaches Ethereum’s average price points or values in the future given that each token costs around seventeen thousand dollars today.
Therefore, if we were to buy Shiba Inu at the current rate of 0.00001766 USD per coin with $1,000; the number of tokens that would be equivalent to this amount would be around fifty-six point six million SHIBs.
If Shiba Inu were to reach Ethereum’s market cap which is 420B dollars, each token would now sell for approximately 0.0007127 dollars thus giving a total portfolio value of about forty thousand three hundred and fifty-six dollars.
Timeline for Shiba Inu to Hit $0.0007127
It is no small achievement to make such huge price leaps, as expert traders argue that it may take up to 6 years for Shiba Inu’s price to hit $0.0007127 on average.
Both Telegaon and The Crypto Basic predict that SHIB can reach this price level within five or six years with an annual gain of about one hundred percent every year (in these predictions).
Although investors who are interested in huge returns over time may find the long-term potential promising, they should be careful and know what they are doing before investing in these kinds of assets.
