Dogecoin May Hit $1, But Here’s Why Shiba Inu Never Will
January 4, 2025
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While Dogecoin is preparing to crack the $1 price level this year, the possibility of Shiba Inu reaching a similar coveted point remains a mirage—at least for the next few decades.
Dogecoin and Shiba Inu are the two most prominent altcoins in the market, with valuations in the multi-billion-dollar range. Before they reached their current lofty positions, both had humble beginnings.
For instance, Dogecoin traded with four leading zeros ten years ago when it hit a historic bottom of $0.00008547. However, Dogecoin is trading at $0.3837 today, up by 450,694% from that all-time low.
A similar impressive record is observable with Dogecoin’s closest rival, Shiba Inu. According to CoinMarketCap data, Shiba Inu traded at an all-time low with ten leading zeros four years ago.
However, Shiba Inu has eliminated six zeros today, trading at $0.00002427. This current valuation means an astonishing 29,848,442% increase from its historic bottom.
As the 2025 bull market gains momentum, Dogecoin and Shiba Inu are gearing up for even more significant landmarks in price.
Shiba Inu Case as Dogecoin Approaches $1
Dogecoin, in particular, is on the verge of breaking into the lofty $1 threshold. While many believe this outlook is attainable in the next few weeks, strong skepticism surrounds Shiba Inu’s potential to ever reach the $1 mark.
Notably, Dogecoin needs to appreciate by 161% to break the $1 barrier. However, in Shiba Inu’s case, the asset needs to grow by over 4,120,213%. This extraordinarily high growth requirement significantly extends the timeline for Shiba Inu to reach $1.
For context, at a $1 price, Dogecoin would have a market cap of $147 billion, which is a realistic outlook in the current crypto landscape.
On the other hand, Shiba Inu has a circulating supply of 589 trillion tokens. In other words, a $1 unit price for SHIB would send Shiba Inu’s valuation to $589 trillion.
Notably, this figure far exceeds the current global wealth, not just the valuation of Bitcoin and gold alone. Essentially, given the current market dynamics, attaining $1 is far from a realistic expectation for Shiba Inu.
But When Can Shiba Inu Reach $1?
Since short-term expectations of Shiba Inu reaching $1 are wishful thinking due to market cap implications, the question arises: When can SHIB realistically attain this ambitious threshold?
According to analysts at Telegaon, a prediction portal, it would take until 2050 for Shiba Inu to reach $1. This is essentially 25 years from now.
Notably, these analysts expect Bitcoin to be worth $2.5 million per coin by 2040, and during this time, they project a Shiba Inu price of $0.054.
Meanwhile, other prediction platforms like CoinCodex and cryptocurrency exchange Changelly do not see Shiba Inu reaching $1 in the foreseeable future.
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