Likely SHIB Price If It Reclaims Its 2021 Dominance and Top Crypto Market Cap Hit $40T

Shiba Inu (SHIB) could experience a dramatic price increase if it manages to recover its peak market dominance from 2021, and the total cryptocurrency market cap reaches $40 trillion. While this scenario remains speculative, it is grounded in historical data and long-term market projections. SHIB’s Current Position Reflects a Major Pullback In October 2021, Shiba Inu hit an all-time high (ATH) of $0.000088, with its market capitalization reaching approximately $51.9 billion. At that time, the global cryptocurrency market cap was $2.6 trillion, giving SHIB a market dominance of 1.99%. Since then, both its price and dominance have declined significantly. Currently, SHIB trades at $0.00001291, reflecting a nearly 10% drop in the past week alone. This decline follows the recent broader crypto market correction, which has particularly affected altcoins. The current price level places Shiba Inu roughly 70% below its March 2024 local peak of $0.00004563, despite ongoing bullish momentum in the market since the last quarter of 2024. The token remains far from revisiting its 2021 ATH. However, many analysts believe a future resurgence remains possible. While ambitious targets, such as $0.01, continue to circulate among community members, more measured projections are gaining attention. Price Projection if SHIB Reclaims 2021 Dominance at $40T Market Cap One such outlook comes from Times Tabloid, which explored a scenario where SHIB regains its 1.99% market share in a global crypto market valued at $40 trillion. Under those conditions, Shiba Inu’s market cap would soar to $796 billion. Based on its current circulating supply of approximately 589.5 trillion tokens, this would place SHIB’s price at $0.00135, a new all-time high. This price level represents an over 10,400% increase from its current value. Market Experts Back Long-Term Growth Potential Long-term market projections such as those by Cardano supporter Dan Gambardello have also drawn attention. In June 2023, Gambardello stated the global crypto market cap could hit $40 trillion. He acknowledged the uncertainty around the timing but asserted confidence in its eventual realization. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Analysts, such as LuckSide, have predicted that Shiba Inu could achieve the $0.001 price point. Similarly, a forecast from Changelly indicates that SHIB could reach $0.001 by January 2040. SHIB at Current Dominance in a $40T Market However, if Shiba Inu maintains its current dominance level of 0.23% when the global crypto market cap reaches $40 trillion, the token’s market capitalization would rise to $92 billion. This would still result in a substantial price increase, with SHIB valued at $0.0001560, significantly above its current price but below the peak levels discussed. Ultimately, while SHIB’s performance in the near term remains uncertain, historical benchmarks and optimistic projections suggest considerable potential under favorable conditions. Whether Shiba Inu can reclaim its former dominance and benefit from a global market expansion remains a topic of debate. But the numbers offer a compelling scenario for long-term investors to consider. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Likely SHIB Price If It Reclaims Its 2021 Dominance and Top Crypto Market Cap Hit $40T appeared first on Times Tabloid .

Source: TimesTabloid