Shiba, has recently been the subject of many bull forecasts, but its potential for approving some of these purposes remains uncertain.
It is noteworthy that most of these purposes have appeared now, when the market is faced with wide uncertainty among investors. In particular, the global market capitalization Crypto has fallen by 17.3% since the beginning of the year, now standing At 2.63 trillion dollars. After this trajectory, Shib fell by 43.17% over the same period of time.
Shiba Inu investors remain confident
Nevertheless, this bear turn of events did not completely weaken the mood of investors. Interestingly, according to CoinmarketCap, the mood of the SHIBA Inu community is currently 88% bull and only 12% of the bear. This is from more than 964,000 community votes covering a large audience.
These bull feelings are mainly connected with confidence in the revival of Shiba Inu. Recently, Crypto basic confirmed The fact that a group of industry leaders interviewed by the leading Fintech Platform Finder believes that Shiba will be restored To Trade at a much higher price by the end of the year.
In addition to the promises of the Renaissance, several analysts teased higher price targets for Shiba Inu, and targeted goals were one of the most discussed goals. For example, in September last year, analyst Krao proposed The fact that the breakthrough of the descending line of the Shiba Inu trend may ultimately lead to the target price of $ 0.001.
In addition, the market commentator Luis Delgado argued in July 2024 That Shiba is up to $ 0.01 is confidence, referring to the meteoric mileage of dogkeocin from $ 0.0001 in August 2014 to 0.01 dollars. Believes The goal of $ 0.01 is achievable, but insists that this can take for a while.
Can Shib rise by 8,233% to $ 0.001 or 83,233% to $ 0.01?
However, it is important to evaluate how these goals are fulfilling In fact are. It is noteworthy, Shiba inu currently It is traded for 0.000012 US dollars during printing, holding above 0.00001 dollars, despite the continuing correction.
From this position, the Shibe will have to rally by 8,233%to reach the target of $ 0.001. Meanwhile, the mileage to a more ambitious mark of $ 0.01 will require large -scale 83,233% of current levels. While the price of 0.001 US dollars may be within reach in the coming years, the target of $ 0.01 seems to be largely speculative.
It is noteworthy that the assessment of the influence on the market of these goals shows that Shiba inu will have an estimate of $ 589 billion if it reaches $ 0.001, given it to 589 trillion. This will be an additional $ 582 billion for a market rating, since SHIB currently has a market capitalization of $ 7 billion.
With this estimate of SHIB $ 7 billion, 0.266%dominance in the market, since the global crypto -market is estimated at 2.63 trillion dollars. If the dominance in the Shiba market has increases to 1%, and the crypto -market increases to $ 58.9, then the Shiba market capitalization can technically increase to $ 589 billion. However, it depends on the degree of wider market growth.
Meanwhile, the target of $ 0.01 is transferred to market capitalization in the amount of $ 5.89 trillion for Shiba Inu. This is much more than the current world market capitalization. In addition, in order for Shiba, to keep this assessment of 1% dominance in the market, the wider market capitalization of crypto -capitalization should increase up to 589 trillion dollars.
It is noteworthy that this figure is more than assessing the total amount of money supply, currently at 583 trillion dollars. As a result, for Shiba, the Inu requires a market capitalization of 5.89 trillion dollars, it should have dominated a much larger share on a wider crypto market. At the moment, this assessment remains technically incredible.
