If you ask a merchant of average coins on Shiba Inu these days, you will probably get the answer that the action of the prices disappointed in this Bull Run, at least so far. In fact, the SHIB price is now down 85% compared to its top of all time in 2021.
However, Shib has a solid community with numerous estimates, one day there will be Déthrone Doge as the largest piece of memes. Will this ever happen? Only time will tell us, but we have decided to do a calculation on this subject today.
What if Shib reached Dogecoin market capitalization?
Right now, Shib is in the process of $ 0.00001295and its market capitalization is around $ 7.63 billion. Dogecoin, on the other hand, is seated at $ 0.1733 with a market capitalization of approximately 25.85 billion dollars.
So what would happen if Shib rose to the market capitalization of Dogecoin?
We did the calculation.
The supply of SHIB current circulation is around 589.24 Billions of tokens. If we divide the market capitalization of Doge by this number, we obtain a price of approximately 0.00000043888 by shib token.
In clear terms, if Shib reaches the same market value as Dogecoin, the price could more than triple where it is today. It would be a good return for the holders, but keep in mind; It is a great “if”.
This type of growth would need a strong rally, not only in Shib, but probably on the entire coin market.
What the Shiba Inu graphic tells us
Let's take a look at the board now.
At the end of 2024, SHIB experienced a strong race. He pumped hard in November, reaching prices above $ 0.000032But this rally did not last. Since then, the price has slowly climbed. Right now, Shib is below his Mobile average at 200 dayswho is around $ 0.00001847. It is usually a lowering sign.
There has been an attempt to take over in recent times, but the price continues to reject when it approaches this mobile average. We can also see that Shib has been negotiating in a fairly tight fork for a few weeks, between about $ 0.000012 And $ 0.000014.
THE RSI (Relative force index) is currently 39This suggests that there is still room to climb, but the momentum is quite weak at the moment.
Read also: what if suit 10% of XRP market capitalization? Prix mathematics revealed
Prix prediction Shib
If Shib continues to hold above $ 0.000012We could see a short -term rebound at $ 0,000016–$ 0,000018 range. But to really turn the trend, he would need to break and stay above Mobile average at 200 days.
In the long term? If Shib provides its ecosystem plans – as more utility for Shibarium or large token burns – it is not crazy to think that it could push towards $ 0,00003 One day again.
And if the stars align; The beaten, community support, wider market rally and SHIB reaches the market capitalization of DOGECOIN, that 0.00000043888 The objective could be possible.
This will not happen overnight and there is no guarantee. But in the crypto, especially the pieces even, anything is possible.
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