Undeniably, the success of Shiba Inu (Shib) is remarkable. The dog-themed cryptocurrency took the industry by storm after its launch in August 2020. During the bull run of 2021, Shib price skyrocketed. The asset’s price surged by millions of percent, reaching an all-time high of $0.00008616 in October 2021. Since its peak in 2021, Shib has struggled to regain the same momentum. Despite underperforming, the asset continues to attract fans and investors.
Also read: White House Reduces Tariffs – What It Means for You
If its market capitalization equals that of Dogecoin, what would the Shiba Inu price be?
Source: Watcher Guru
Dogecoin (Doge) has a market capitalization of nearly $26 billion. Assuming SHIB’s market cap reaches $26 billion while maintaining its circulating supply of 589 trillion, in this scenario, the price of each Shib token would reach $0.0000441. If the price reaches $0.0000441, Shib’s price would increase by 236.38%. While this rally is commendable, it is still far from Shib’s 2021 rally.
Also read: Will Swiss Banks Buy Bitcoin?
If the circulating supply of Shiba Inu (SHIB) decreases, the price per token would exceed $0.0000441.
Can asset supply be reduced?
One of the key catalysts behind SHIB’s incredible rally in 2021 was Vitalik Buterin’s massive token burn. The Ethereum co-founder received half of the Shib supply at launch. Buterin decided to burn 90% of the tokens he received and donated the remainder to charity. His actions led to a significant decrease in supply when demand was high, resulting in a price surge.
Also read: Shiba INU: AI predicts humidity price on March 31, 2025
Reports indicate that the Shiba INU (SHIB) team is exploring a new burn mechanism. Rumors suggest that the new burn mechanism could incinerate trillions of tokens annually. If successful, this plan could lead to a substantial increase in the asset’s price. The team has not disclosed further details about the burn mechanism, nor do we have a release date for it.
