Coinjek News Report:
Shiba Inu (SHIB) is full of opportunities. Since its inception, this meme coin has experienced significant growth. The asset has even changed the lives of many people through increased investments. Although SHIB has recently not seen significant gains, calculated investments may yield profits when the asset experiences a surge.
Current Market Performance and Potential Growth
As of the time of writing, Shiba Inu is trading at $0.00001443, with a daily decrease of nearly 2%. However, last week was good news for the entire cryptocurrency ecosystem. SHIB surged over 7% in the past seven days, reaching a high of $0.00001504.
Market Cap and Ranking
The market cap of this meme coin is $8,495,482,331. SHIB is the 13th largest cryptocurrency on the CoinMarketCap list. If the asset’s market cap reaches that of Bitcoin, the network may experience a significant surge. Currently, BTC dominates the market with a value of $1.25 trillion.
Price Upside Potential
Given the current pricing position and circulating supply, Shiba Inu needs a more significant price increase to reach this level.
Currently, there are 589 trillion tokens available for SHIB. With such a supply, Shiba Inu must rise to $0.001697, removing two zeros, to reach a market cap of $1 trillion.
Expected Investment Returns
Shiba Inu is expected to witness an astonishing 11,783% surge. If its market cap increases to $1 trillion, the asset is expected to surge to a high of $0.001697. According to IntoTheBlock data, approximately 352,660 addresses hold SHIB, with values ranging from $100 to $1000.
These wallets collectively hold 70,028,011 SHIB tokens. These 70,028,011 tokens are currently valued at $118,837.
What does a 1 trillion market value mean for a 1000 investment in SHIBA INU SHIB
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