Shiba

Dogecoin

Shiba Inu

Billion

<p><a href="https://cryptoticker.io/en/token/SHIB"><strong>Shiba Inu (SHIB)</strong></a><strong>, has a new goal: reaching a $92 billion market cap. This milestone, previously achieved by Dogecoin (DOGE), would mark a significant increase in SHIB's value, pushing its price to $0.000159. Let’s break down the details.</strong></p>
<h2 id="strong-dominance-of-dogecoin-in-the-market-strong"><strong>Dominance of Dogecoin in the Market</strong></h2>
<p><a href="https://cryptoticker.io/en/token/doge">Dogecoin</a>, the original meme coin, hit an impressive $90 billion market cap in May 2021. This was fueled by a price surge that saw DOGE reach an all-time high of $0.7316. Elon Musk, Tesla CEO and X CTO, played a major role in promoting Dogecoin. However, DOGE’s value has since dropped to $0.148, with its market cap now at $21.37 billion according to CoinMarketCap.</p>
<p>Despite this decline, Dogecoin remains the leading meme coin. Shiba Inu, the second-largest meme coin, is looking to challenge this position. Currently, <a href="https://cryptoticker.io/en/top-3-memecoins-to-buy-this-june-2024">SHIB</a> has a market cap of $13.51 billion. To match Dogecoin, Shiba Inu needs to add another $7.86 billion to its market value, necessitating a massive price surge.</p>
<h2 id="strong-shiba-inu-price-at-92-billion-market-cap-strong"><strong>Shiba Inu Price at $92 Billion Market Cap</strong></h2>
<p>According to media personality and Bitcoin investor Moataz “Eljaboom” Elsayed, SHIB’s market cap would need to increase by approximately 600% to reach $92 billion. Assuming SHIB’s circulating supply remains at 589 trillion tokens, its price would hit $0.0001561 at this market cap. This would be a 123% increase from Shiba Inu’s peak valuation of $41 billion in October 2021.</p>
<p>While this target might seem ambitious, crypto analyst Javon Marks has also predicted that SHIB could reach the $0.00015 price level. Eljaboom also noted that other meme coins would require even more substantial surges to hit a $92 billion market cap. For example, Pepe would need a 2,300% increase, dogwifhat (WIF) 3,500%, and Floki 5,000%. Solana-based meme coins Bonk (BONK) and Book of Meme (BOME) would need spikes of 6,000% and 12,100%, respectively. This analysis underscores that Shiba Inu has a better chance of surpassing Dogecoin compared to these newer meme coins.</p>
<h2 id="strong-where-to-buy-shib-strong"><strong>Where to Buy SHIB?</strong></h2>
<p>For those looking to invest in Shiba Inu, <a href="https://partner.bitget.com/bg/cryptoticker">Bitget</a> is a highly recommended platform. Bitget offers a secure and user-friendly experience for purchasing SHIB.</p>
<h2 id="strong-how-high-can-shib-go-in-june-strong"><strong>How High Can SHIB Go in June?</strong></h2>
<p>Predicting exact prices is challenging due to market volatility. However, if the current trends and investor interest continue, SHIB could see significant gains. Analysts believe that <a href="https://cryptoticker.io/en/shiba-inu-SHIB-surges-outperform-bitcoin-and-capture-whale-attention">SHIB</a> might reach the <strong>$0.00015</strong> mark, especially with positive market movements and increased adoption.</p>
<h2 id="strong-is-now-the-best-time-to-buy-shib-strong"><strong>Is Now the Best Time to Buy SHIB?</strong></h2>
<p>Investing in cryptocurrencies always carries risk due to their volatile nature. However, with SHIB's potential to reach a $92 billion market cap and its current price point, it might be a good opportunity for investors looking to enter the market.</p>

Price of Shiba Inu When it Reaches $92 Billion Market Cap

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