Investors who seize the opportunity to purchase Shiba Inu during its current low, estimated at roughly $0.000017, could potentially witness a 40-fold increase in their investment if SHIB achieves a market capitalization on par with Ethereum.
The Shiba Inu cryptocurrency has been experiencing a downward trend, reaching new lows week after week. Amidst a sustained downturn across the market, SHIB has plummeted to a nadir of $0.0000173, marking a significant 34% drop from its earlier monthly peak of $0.00002627.
At present, Shiba Inu is struggling to bounce back from this decline, hovering around $0.00001766 with a market capitalization close to $10.36 billion.
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Enthusiasts are hopeful for
a swift recovery
, and this analysis delves into the potential returns for those investing in Shiba Inu’s dip today, should it match Ethereum’s market cap, the frontrunner of the altcoin market.
Ethereum, too, has felt the brunt of the recent market downturn. Trading at $3,432 currently, ETH has relinquished all progress made in the preceding month. Consequently, investors who joined the market this month find themselves at an 8% loss with ETH.
Nevertheless, ETH upholds a market capitalization exceeding $420 billion, rivaling the market valuation of the technological behemoth, Mastercard.
**Potential Gains from a $1,000 Shiba Inu Investment if it Reaches ETH’s Market Cap**
Trading at $0.00001766 currently, a $1,000 investment in Shiba Inu would accumulate approximately 56.6 million SHIB tokens. If Shiba Inu were to reach Ethereum’s market cap of $420 billion, the value of this investment could surge nearly 40 times.
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More precisely, if SHIB maintains the majority of its circulating supply, a market cap of $420 billion would suggest the cryptocurrency has reached an impressive value of $0.0007127. For Shiba Inu to hit this price, it would need to climb by an astounding 3,936%.
As such, an investment of $1,000 in Shiba Inu as of June 23 could potentially escalate to an estimated $40,356, assuming
SHIB attains the market cap of Ethereum
. While this prospect is alluring, it remains speculative and not assured.
**Projected Timeline for SHIB to Reach $0.0007127**
Market experts
remain positive about Shiba Inu’s chances to eliminate another zero in its valuation during this cycle. Projections from the forecasting platform Telegaon suggest that Shiba Inu might take as long as six years to hit the $0.00071 mark.
Predicted Shiba Inu prices by Telegaon
This forecast is in line with
a recent evaluation
by The Crypto Basic, which posited that with a steady annual growth of 100%, SHIB could achieve the $0.00071 price point within five years.
Disclaimer: This article is for informational purposes only and should not be taken as financial advice. The opinions expressed herein may be personal to the author and do not necessarily represent those of The Crypto Basic. Readers should conduct their own research before making any investment decisions. The Crypto Basic assumes no liability for any financial losses incurred.
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