#ShibaInu price could soar to new highs if the meme coin reclaims its peak market dominance from 2021 when the global crypto market hits $40 trillion.
Notably, as the broader crypto market faces a significant pullback amid the recent Bitcoin (BTC) price correction, altcoins such as Shiba Inu have witnessed the largest impact. Specifically, Shiba Inu price has dropped nearly 15% this week, now sitting at $0.00001235.
If the meme coin reclaimed its market dominance of 1.99% and the global crypto market cap hit $20 trillion as predicted by Gambardello, its market cap would soar to $796 billion. At this $796 billion valuation, Shiba Inu price would soar to $0.00135, marking a new all-time high.🤑
