If you were going to ask an average meme coin businessman about Shiba Inu these days, you would probably get the answer that the price action failed in this bull run, at least for now. In fact, the shib price is now 85% down from all times high in 2021.
However, Shib has a powerful community with many estimates that it is a day when dethrone dog as the largest coin meme. Will it happen? Time will just say, but we decided to do some calculation about it today.
What if Shib reached the Dogecoin market cap?
So far, the shib is trading about $ 0.00001295and its market cap is around $ 7.63 billion. Dogecoin, on the other hand, was sitting $ 0.1733 with a market cap of about $ 25.85 billion.
So what would happen if Shib went up to the Dogecoin market cap?
We did the math.
The currently circulating -switch supply is around 589.24 trillion tokens. If we split the dog's market cap according to that number, we get a price of about $ 0.00004388 per shib token.
In simple terms, if the shib reaches the same market value as Dogecoin, the price may be more than triple from where it is today. That would be a good return for the holders, but remember; It's a big “if.”
This type of growth will need a strong rally, not just in the shib, but likely throughout the meme coin market.
What does the Shiba Inu chart tell us
Now let's look at the chart.
Back in late 2024, Shib had a strong running. It was pumped hard in November, pressing the above prices $ 0.000032But that rally did not last. Since then, the price has grown slowly. So far, it's under the shib 200-day moving averagesitting around $ 0.00001847. That is usually a bearish sign.
There was a few attempts at a recovery -just, but the price was constantly rejected when it was close to moving that average. We can also see that the shib is trading in a relatively tight range for the last few weeks, between about $ 0.000012 and $ 0.000014.
The RSI (Kamag -child index index) is currently around 39That suggests that there is a room to move, but the momentum is a bit weak now.
Also read: What if SUI captures 10% of XRP market cap? Math Math was announced
Shib price prediction
If the shib continues to hold the top $ 0.000012We can see a short -term bounce on $ 0.000016–$ 0.000018 Scope. But in order to really flip the trend, it will need to break and stay above it 200-day moving average.
Long -term? If Shib delivers its ecosystem plans – such as more utility for Shibarium O Big token burns – not mad to think that it can push toward $ 0.00003 again one day.
And if the stars are aligned; Hype, community support, wider market rallies, and shib extends to the dogcoin's market cap, which $ 0.00004388 The target may be possible.
This will not happen overnight, and there is no guarantee. But in crypto, especially coin memes, anything is possible.
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