- Shiba Inu could rally 304% by capturing 1% of the crypto market’s $1.59 trillion cap.
- The rally would put SHIB’s market value at a pricey $0.0000365.
- Shiba Inu last hit $0.0000365 during the peak of the 2021 crypto bull season.
Shiba Inu is currently valued at a modest $0.000009029 per unit. This reflects a 15% decline from its highest point in the past 30 days, which stood at $0.00001074. Notably, the asset is the 18th most valuable crypto, with a market capitalization of $5.32 billion at the time of reporting.
Considering the global crypto market totaling $1.59 trillion, SHIB’s valuation indicates it holds only a 0.3345% share of the entire crypto market. Meanwhile, a compelling consideration emerges regarding SHIB’s value if it were to obtain 1% of the $1.59 trillion crypto market.
Acquiring a 1% share of $1.59 trillion equates to securing a more expensive $15.9 billion. Consequently, with Shiba Inu’s current valuation at $5.32 billion, a 1% increase would raise SHIB’s market share to a substantial $21.22 billion. This value closely mirrors XRP’s valuation, an asset trading at $0.5212.…
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