DeFi & NFT
By Sakamoto Nashi
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Shiba Inu (SHIB) could potentially remove another zero from its price and reach a new all-time high if it captures just 1% of gold’s massive market capitalization.
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The broader cryptocurrency market continues to navigate challenging conditions brought on by macroeconomic pressures, and Shiba Inu has also faced its share of setbacks.
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Despite Declines, Shiba Inu Sentiment Stays Positive
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April 2025 has seen a slight continuation of this downward trend, with SHIB recording a mild 1.66% price drop so far.
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Interestingly, despite the sustained bearish trend, sentiment around Shiba Inu remains remarkably upbeat.
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This optimistic sentiment appears driven by the community's confidence in Shiba Inu’s ability to recover and potentially rally to new highs.
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To understand what such growth could look like in realistic terms, The Crypto Basic explored a hypothetical scenario in which Shiba Inu captures just 1% of gold’s total market cap.
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Gold currently holds a staggering valuation of approximately $22.437 trillion, making it the largest and most stable asset globally.
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The asset’s previous all-time high market cap of $38 billion occurred in October 2021, during a major crypto bull run when SHIB hit $0.000088.
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With SHIB’s circulating supply of 589 trillion tokens, this scenario would result in a price of approximately $0.
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Expert Predictions Align with This Outlook
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Interestingly, several market experts and analysts have already forecasted that Shiba Inu could reach similar price levels.
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Additionally, Changelly analysts predict SHIB could reach $0.00036 by June 2033. However, Telegaon offers a more aggressive forecast, estimating that SHIB might hit that same…
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While these projections are speculative, they demonstrate the significant interest in Shiba Inu’s long-term potential.
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That said, for any major rally to materialize, SHIB will need to navigate both technical hurdles and market skepticism.
The Currency Analytics
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