Shiba Inu (SHIB), one of the most popular and talked-about cryptocurrencies, has seen remarkable growth since its inception. As of December 2024, it ranks as the 13th-largest crypto project by market cap, valued at approximately $15.85 billion. SHIB made waves during the 2021 bull run, skyrocketing by millions of percent and turning early investors into multi-millionaires. But what would happen if Shiba Inu’s market cap were to match that of Solana (SOL), currently standing at $103.95 billion? Let’s explore the potential price of SHIB if it reached that market cap.
SHIB’s Potential Price at Solana’s Market Cap
To determine SHIB’s price if its market cap equaled Solana’s, we need to consider the circulating supply of SHIB, which is around 589 trillion tokens. If SHIB were to match Solana’s market cap of $103.95 billion, the price of each SHIB token would increase significantly. By dividing Solana’s market cap by SHIB’s circulating supply, we get a price of $0.000176 per token.
This represents an impressive 554% rally from SHIB’s current price. While this price might seem ambitious, it’s important to note that SHIB has seen massive surges before, including its astronomical rise in 2021. For a community-driven asset like Shiba Inu, such a rally is within the realm of possibility, especially if market conditions are favorable.
The Impact of Supply on SHIB’s Price
However, hitting the $0.000176 mark depends not just on market cap growth, but also on SHIB’s circulating supply. If the Shiba Inu team can reduce the token’s supply—perhaps through a token burn—it could drive the price much higher. A reduced supply would make the remaining tokens more valuable, potentially accelerating SHIB’s price trajectory.
One of the catalysts for SHIB’s 2021 rally was a major token burn orchestrated by Ethereum co-founder Vitalik Buterin, who received half of the SHIB supply upon its launch. Buterin burned 90% of the tokens he held, drastically reducing SHIB’s supply and spurring a massive price surge. If the Shiba Inu team can initiate a similar supply reduction, SHIB could potentially reach the $0.000176 mark much sooner than anticipated.
When Could SHIB Reach $0.000176?
The timeline for SHIB reaching this price level depends on various factors, including market sentiment and supply adjustments. According to analysts from Changelly, SHIB could hit the $0.000176 mark by July 2030, roughly five and a half years from now. On the other hand, analysts at Telegaon are more bullish, predicting that SHIB could hit this price as early as 2027. They even forecast a maximum price of $0.000198 for SHIB in that year.
A Barrier to SHIB’s Price Growth
Despite the optimism, SHIB’s massive supply remains one of the biggest barriers to price appreciation. With trillions of tokens in circulation, SHIB’s price growth has been somewhat limited compared to other cryptocurrencies with lower supplies. However, a strategic reduction in supply—either through a burn or other means—could remove this hurdle and propel SHIB to new heights.
Conclusion
While Shiba Inu’s price has a long way to go before it matches Solana’s market cap, the potential for significant gains is clear. If SHIB’s market cap grows to $103.95 billion, it could see a 554% price rally, potentially reaching $0.000176 per token. The key factors influencing this growth will be market dynamics, the potential for a token burn, and the overall adoption of SHIB within the broader cryptocurrency ecosystem. As always, SHIB investors must stay informed and watch for any developments that could drive its price upward.
