If Shib Equals or Exceeds Cardano’s Market Capitalization, Shiba Inu’s Price Could Rise Significantly
Shiba Inu has recently continued to trade in bearish territory, currently hovering around a price of approximately $0.000012. At the time of writing, Shiba Inu is trading at $0.00001218, down 12.6% month-to-date per token. Over the past seven days, Shiba Inu has also declined by 7.49%, down 63.41% from its peak of $0.00003329 in December.
Despite suffering significant losses, investors remain optimistic.
According to data from IntoTheBlock, 85.22% of all Shiba Inu holders are incurring losses at the current price, while only 10.59% are in profit. However, among all blockchain addresses, 4.19% hold Shib at breakeven, meaning they are neither profiting nor losing.
Standard Princess
Although the majority of Shiba Inu investors are at a loss, some holders remain confident about the potential price (increase) this season.
Notably, some investors are curious about how high its price could rise if it were to “take over” the established cryptocurrency’s position like Cardano in the global cryptocurrency rankings.
This bold imagination assumes that Shib would equal or exceed Cardano’s market capitalization to become the ninth largest cryptocurrency, while ADA has already seen comparable growth.
Will Shiba Inu’s Price Surpass Cardano?
Currently, ADA is trading at $0.6566 per coin, with a market capitalization of $23.15 billion, making it the ninth largest cryptocurrency in the world.
On the other hand, Shiba Inu’s value is $0.00001218. It currently ranks as the 17th largest cryptocurrency globally, with a market capitalization of $7.16 billion. To surpass Cardano’s market capitalization, Shiba Inu’s current valuation would need to reach 224%.
This increase would position SHIB’s valuation at $23.16 billion, potentially placing Shib above ADA as the ninth largest asset, assuming the latter does not witness comparable growth.
Given its circulating supply of 589.25 trillion tokens, Shib’s market capitalization would be $23.16 billion at a price of $0.00003930. This estimated price remains 55.56% below Shiba Inu’s historical high of $0.00008845.
Recall that the last time Shib traded around $0.000039 was on March 6, 2024. A day prior, the coin peaked at $0.000045. Since then, Shiba Inu has struggled to reclaim the $0.000039 target.
Potential Surge of Shib to $0.000039
Several experts have previously predicted that Shib is close to hitting its target, including the pseudonymous analyst AK47.
As reported last year, this analyst anticipated that after the token broke out of a multi-week descending wedge, Shib was poised for a surge to $0.00003946. This prediction did not materialize due to various market developments.
Meanwhile, the crypto prediction platform Changelly forecasts that Shib will revisit the $0.000039 price point next year (particularly in December 2026). Interestingly, this prediction platform believes Shib will hit its target this year.
Ultimately, whether Shib will revisit the $0.000039 target this year or next remains to be seen.
