The price of Shiba Inu could surge significantly if SHIB equals or surpasses the market capitalization of Cardano.

Shiba Inu has continued to trade in bearish territory recently, with SHIB currently hovering around the $0.000012 price mark.

Shiba Inu could surge significantly if SHIB equals or surpasses the market capitalization of Cardano.

Currently, ADA is trading at $0.6566 per coin, and its market cap is $23.15 billion, making it the ninth-biggest cryptocurrency in the world.

On the other hand, Shiba Inu is worth $0.001218 per token. It is currently ranked as the 17th biggest cryptocurrency globally, with a market cap of $7.16 billion. To surpass Cardano’s market cap, Shiba Inu must spike 224% from its current valuation of $7.16 billion.

This increase would take SHIB’s valuation to $23.16 billion, potentially positioning SHIB to rank ahead of ADA as the ninth biggest asset—provided the latter does not experience comparable growth.

At a market cap of $23.16 billion, SHIB will be worth $0.0013930 per token, given its circulating supply of 589.25 trillion tokens. This estimated price is still 55.56% below Shiba Inu’s all-time high of $0.008845.

Recall that the last time SHIB traded around $0.00139 was on March 6. A day earlier, the coin had surged to a multi-year peak of $0.00145. Ever since, Shiba Inu has struggled to reclaim the $0.00139 target.

Several experts had previously predicted that SHIB was close to hitting the target, including pseudonymous analyst Ak47.

As reported last year, the analyst projected that SHIB was poised for a surge to $0.0013946 after the token breached a multi-week falling wedge. This prediction did not materialize due to multiple market developments.

Meanwhile, crypto prediction platform Changelly forecasts that SHIB will revisit the $0.00139 price mark by next year, specifically in December 2026. Interestingly, the prediction platform Telegaon believes SHIB will hit its target this year.

Ultimately, whether SHIB will revisit the $0.00139 target this year or next remains to be seen.