According to Coin World’s report, should SHIB reach Ethereum’s market capitalization, individuals who have invested $1,000 in Shiba Inu could potentially see a 40-fold return on their investment. Shiba Inu continues to face bearish pressure, hitting new lows for several consecutive weeks. Amidst a persistent market downturn, SHIB has fallen to a bottom of $0.0000173, reflecting a plunge of over 34% from its earlier monthly high of $0.00002627. Currently, Shiba Inu has not recovered from the decline, hovering around $0.00001766, with a market capitalization of approximately $10.36 billion.
While supporters anticipate a significant rebound soon, this assessment explores the returns an individual purchasing Shiba Inu during the dip today would receive if SHIB were to reach the market cap of altcoin market leader Ethereum. Notably, Ethereum has not been spared in the ongoing market crash either. ETH’s current trading price is $3,432, erasing all gains from the past month. Consequently, investors entering the market this month have experienced losses exceeding 8% holding ETH.
Nevertheless, ETH maintains a market capitalization of over $420 billion, comparable to the valuation of tech giant Mastercard. The profit from a $1,000 Shiba Inu investment with ETH’s cap at the time of writing, Shiba Inu is trading at $0.00001766, and a $1,000 investment would accumulate a portfolio of 56,625,141 (56.6 million) SHIB tokens. Should Shiba Inu reach Ethereum’s market cap of $420 billion, the value of this investment would be nearly 40 times its current worth.
Specifically, with SHIB retaining most of its current circulating supply, a market cap of $420 billion would mean the asset has reached an astonishing value of $0.0007127. To hit this price point, Shiba Inu would need to surge approximately 3936%. Therefore, under the hypothetical scenario of SHIB reclaiming Ethereum’s current market cap, as of June 23, the $1,000 invested in Shiba Inu would be worth $40,356. While this is an enticing prospect worth aiming for, it is by no means guaranteed.
The timeline for SHIB to reach $0.0007127 is noteworthy that market analysts are optimistic about Shiba Inu’s potential to cancel another leading zero in this cycle. Meanwhile, analysts at the forecasting portal Telegaon believe it could take up to six years for Shiba Inu to reach the $0.00071 price point. Telegaon’s prediction for Shiba Inu’s price aligns with an assessment from The Crypto Basic last month, indicating that if SHIB maintains a consistent annual yield of 100%, it could reach $0.00071 within five years.
