Azeem Zaidi
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Shiba Inu’s Market Cap and Price if Bitcoin Hits $500,000
If Bitcoin hits $500,000, as Bloomberg predicted, its market cap will surge alongside. With a circulating supply of 19.82 million, the crypto firstborn will attain a valuation of $9.91 trillion and $10.5 trillion at a fully diluted valuation (FDV) of 21 million.
Hence, with the 0.506% relativity factor, Shiba Inu’s market cap would hit $50.14 billion if Bitcoin reached $9.91 trillion. Furthermore, SHIB’s price will reflect its market cap, surging to $0.0000851 with its circulating supply of 589.25 trillion.
Notably, this price target remains below Shiba Inu’s all-time high of $0.00008854.
Shiba Inu’s Market Cap and Price if Bitcoin Hits $13 Million
With the same calculations, Bitcoin at $13 million will yield a market cap of $257 trillion and $273 trillion at FDV. Notably, this staggering valuation is over 159 times the pioneering cryptocurrency’s market cap of $1.705 trillion.
Meanwhile, Shiba Inu’s market cap with the 0.506% factor will be $1.3 trillion. Furthermore, considering its circulating supply of 589.25 trillion, SHIB’s price would surge over 150 times from its current market price to $0.002206.
It bears mentioning that these figures are based solely on theoretical correlations. Realistically, there are no guarantees that Shiba Inu will surge alongside Bitcoin or maintain the same relativity with the asset.
If Bitcoin hits $500,000, as Bloomberg predicted, its market cap will surge alongside. With a circulating supply of 19.82 million, the crypto firstborn will attain a valuation of $9.91 trillion and $10.5 trillion at a fully diluted valuation (FDV) of 21 million.
Hence, with the 0.506% relativity factor, Shiba Inu’s market cap would hit $50.14 billion if Bitcoin reached $9.91 trillion. Furthermore, SHIB’s price will reflect its market cap, surging to $0.0000851 with its circulating supply of 589.25 trillion.
Notably, this price target remains below Shiba Inu’s all-time high of $0.00008854.
Shiba Inu’s Market Cap and Price if Bitcoin Hits $13 Million
With the same calculations, Bitcoin at $13 million will yield a market cap of $257 trillion and $273 trillion at FDV. Notably, this staggering valuation is over 159 times the pioneering cryptocurrency’s market cap of $1.705 trillion.
Meanwhile, Shiba Inu’s market cap with the 0.506% factor will be $1.3 trillion. Furthermore, considering its circulating supply of 589.25 trillion, SHIB’s price would surge over 150 times from its current market price to $0.002206.
It bears mentioning that these figures are based solely on theoretical correlations. Realistically, there are no guarantees that Shiba Inu will surge alongside Bitcoin or maintain the same relativity with the asset.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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