If Shib Enters Top 10 Cryptocurrencies by Market Cap, Shiba Inu May Experience a Huge Price Surge
In recent weeks, the broader crypto market has remained bearish, making it difficult for top assets like Shiba Inu (Shib) to experience significant upward movement.
Bearish Price Action in 2025
In context, Shiba Inu’s price action has been predominantly bearish for most of the year. Since February 1, it has traded below the $0.00002 mark. Despite many analysts predicting an immediate rebound, Shib further declined, dropping below $0.000011 on March 11.
It has slightly recovered and is currently trading at $0.00001238. Shiba Inu ranks as the 17th cryptocurrency on CoinMarketCap, with a market capitalization of $7.29 billion. Nevertheless, there is speculation within the Shiba Inu community regarding potential price movements if the market cap rises into the top 10 cryptocurrencies.
Shiba Inu’s Path to the Top Ten
Entering the top ten is not a new feat for Shib. The dog-themed token achieved this milestone in 2021 when it recorded its historical peak of $0.00008845.
Shiba Inu reclaimed this milestone last year when its price was above $0.00004500. However, it has significantly decreased from that level, dropping to 17th place in the global ranking of crypto assets.
To regain a position among the top ten cryptocurrencies by market cap, Shiba Inu must surpass tokens such as Sui, Avax, XLM, Link, Leo, Ton, and Tron. Currently, Tron is ranked as the tenth cryptocurrency, with a valuation of $22.58 billion.
Therefore, to enter the top ten, Shib’s market cap needs to increase to at least $22.59 billion, effectively flipping Tron from that position, assuming the latter’s valuation remains at $22.58 billion. Achieving this valuation would require SHIB’s market cap to increase by 209.88% from its current value of $7.29 billion.
If Re-Entering the Top 10
Achieving this milestone would translate into a significant price surge for Shib. If Shiba Inu’s market cap skyrockets to $22.59 billion, the price of Shib would be approximately $0.00003833333333.
This represents more than double Shiba Inu’s current price of $0.00001238. The last time Shib traded around $0.000038 was on March 6, 2024, just a day after soaring to a multi-year peak of approximately $0.000045.
Forecasts to $0.000038
Meanwhile, several forecasts for Shib spikes to $0.000038, including from renowned analysts Jonathan Carter and mmbttrader, have failed to materialize. It has been over a year since Shiba Inu revisited the $0.000038 price range.
Despite the continued decline of Shib, the latest predictions from Changelly show that the company’s analysts expect Shiba Inu to reach the $0.000038 target by December 2026.
At the same time, Telegaon envisions Shiba Inu exceeding $0.00003833 this year, with the platform’s highest target set at $0.0000728.
