#ElonsMusk
Here’s Price of 1 Shiba Inu if SHIB Matches Elon Musk’s Net Worth
The possibility of Shiba Inu (SHIB) equaling Elon Musk’s net worth would significantly impact its price and standing in the broader crypto market.
Tesla CEO and founder Elon Musk has remained a prominent figure in the crypto industry due to his vocal support for Bitcoin and Dogecoin.
He propelled DOGE to an all-time high in 2021 following his endorsement of the token. His social media posts have also sparked major rallies for Floki, a meme coin named after his dog.
Musk Ignores Shiba Inu in Promotional Tactics
Despite his love for memes, Musk has continued to ignore Shiba Inu, the second-biggest meme coin in the market. This remains true despite multiple efforts by Shiba Inu community members, including lead developer Shytoshi Kusama.
Last year, Kusama urged Musk to consider his Strategic Hub for Innovation in Blockchain (S.H.I.B) proposal for potential adoption by President Donald Trump. He also captioned Musk’s storm-tossed dog image with “SHIB” in an attempt to attract visibility.
Elon Musk’s Wealth
As the Shiba Inu community pushes for Musk’s backing, we explored how high SHIB’s price could go if it matched the billionaire’s net worth.
Musk, a wealthy entrepreneur, has co-founded several companies, including Tesla and SpaceX. His investment also extends to the social media arena following his acquisition of Twitter (now X) in 2022.
Shiba Inu Price If It Matches Musk’s Net Worth
Elon Musk’s estimated net worth is about 60 times larger than Shiba Inu’s current market capitalization, which stands at $6.84 billion. SHIB is trading at $0.00001161 per token, having dropped 8.99% over the past week. It ranks as the 19th-largest cryptocurrency by market cap, trailing Toncoin, Avalanche, and Stellar.
Specifically, if Shiba Inu were to match Elon Musk’s $409 billion net worth, each SHIB token would be valued at approximately $0.0006941, representing a 5,879% increase from its current price.