Dogecoin Price Could Soar by Over 7,500% if Shiba Inu Attains a Trillion-Dollar Market Cap

The price of Dogecoin could soar by over 7,500% in the hypothetical scenario where Shiba Inu attains a trillion-dollar market cap.

If Shiba Inu (CRYPTO: SHIB) were to attain a market cap of $1 trillion, the price of Dogecoin (CRYPTO: DOGE) could soar by over 7,500%, according to a hypothetical scenario outlined by The Crypto Basic.

Currently, Shiba Inu has a market cap of $13 billion, with each unit trading at $0.000022. To reach $1 trillion, its market price would need to increase by approximately 7,592%. Specifically, this $1 trillion market cap would correspond to a unit price of $0.001698 for Shiba Inu.

Shiba Inu’s lead developer, Shytoshi Kusama, has recently expressed his belief that SHIB could attain a $1 trillion market cap, a development that, in his view, would surprise doubters and critics.

Meanwhile, Dogecoin currently boasts a market cap of $52 billion, trading at $0.35. With SHIB’s market cap at $12 billion, Dogecoin is more than four times larger than Shiba Inu.

Should the price of SHIB increase by 7,592% to reach a $1 trillion market cap, a similar surge would drive Dogecoin’s valuation from $58 billion to $4.46 trillion. With a circulating supply of 147.68 billion, a $4.46 trillion market cap would elevate Dogecoin’s price to $30.18.

Interestingly, numerous market commentators have argued that Dogecoin could reach $30 in this current cycle. Some have even issued a bold five-month timeline. Those voicing this ambitious outlook often rely on Dogecoin’s historical performance during the last two bull seasons.

However, analysts at Telegaon argue that reaching a $30 price with a $4.5 trillion market cap will take ten years to materialize.

On the other hand, arguments for Shiba Inu reaching a $1 trillion market cap this season are less common. Most analysts anticipate a $100 billion cap for the meme coin in the current cycle.

Nevertheless, Telegaon analysts also predict it would take Shiba Inu ten years to reach the $0.00169 price that would necessitate a $1 trillion market cap.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.