Here’s The Likely Shiba Inu Growth Trajectory if Global Market Cap Hits $10 Trillion

• Shiba Inu (SHIB) could approach its previous all-time high if the global crypto market cap reaches $10 trillion.
• The current market cap of SHIB of $10.02 billion could attain $44 billion if its market dominance holds.
• Analysts predict SHIB could rise to around $0.00007 by early 2025.

Shiba Inu (SHIB) could reach its previous all-time high if it holds its current market position in a $10 trillion global cryptocurrency market.

Shiba Inu, along with the broader market, saw a significant downturn on Friday and Saturday. Crashing prices emerged amid reports of an investigation into the largest stablecoin issuer, Tether, over alleged anti-money laundering violations.

At the time of reporting, the overall crypto market capitalization stood at approximately $2.287 trillion, down 1.87% in 24 hours. Shiba Inu mirrored this trend, experiencing a 1.23% drop, with a market cap of $10.02 billion.

Crypto Market Expected to Reach New Highs

While around $2.287 trillion, the global cryptocurrency market cap is projected to reach new heights in the coming years. For instance, Ripple CEO Brad Garlinghouse has predicted it could reach $5 trillion by the end of 2024. 

Furthermore, some analysts anticipate the total market cap could soar to $10 trillion before the market cycle concludes in 2024/2025, especially if Bitcoin surpasses $250K, as numerous pundits have suggested.

Shiba Inu’s Potential in a $10 Trillion Market

If the global market cap reaches $10 trillion, Shiba Inu’s price will increase significantly, depending on its market dominance. Shiba Inu’s market cap currently stands at roughly $10.02 billion, representing about 0.44% of the $2.287 trillion market.

Should this dominance hold steady at a $10 trillion market cap, SHIB’s valuation could jump to about $44 billion. This represents an impressive increase of 339.4% from its current market cap. At this valuation, SHIB could trade at approximately $0.00007509 per token, assuming a consistent circulating supply of 589 trillion tokens.

Several analysts are optimistic that Shiba Inu could indeed reach the $0.00007 mark. Analyst Alan Santana suggests that SHIB could hit this level by early 2025. Additionally, an anonymous analyst on TradingView has forecasted a potential 400% rally, which could elevate SHIB’s price to around $0.000074.

These projections, while optimistic, remain below SHIB’s all-time high of $0.00008616, reached on October 28, 2021.

Investors buying Shiba Inu at its current price of $0.00001709 would generate a 4.4X return if the token reaches a $44 billion market cap.