If the global crypto market cap rises to $3000000000000 and Shiba Inu continues to maintain its 0.29% dominance

Last week, the broader crypto market staged a relief rally after the U.S. dollar index (DXY) crashed to a three-year low. This decline helped to position cryptos as a store of value, similar to precious metal gold. Following the DXY plunge, Bitcoin's price surged above $95,000, pushing the global crypto market cap above $3 trillion. Despite Bitcoin's drop below the $95000 mark, the total crypto valuation still stands close to the $3 trillion milestone.

The broader crypto market staged a relief rally last week as the U.S. dollar index (DXY) crashed to a three-year low. This decline helped to position cryptos as a store of value, similar to precious metal gold.

Following the DXY plunge, Bitcoin’s price surged above $95,000, pushing the global crypto market cap above $3 trillion. Despite Bitcoin’s drop below the $95,000 mark, the total crypto valuation still stands close to the $3 trillion milestone.

At press time, the total crypto valuation was $2.97 trillion, representing an increase of 0.87% over the past 24 hours. While the total crypto market cap is below expectations, many have remained optimistic that the valuation would rise to unprecedented levels during a major bull run.

Some experts project that the total crypto valuation will soar to $5 trillion-$30 trillion in the future, representing an up to tenfold increase from the current value. If the total valuation reaches a lofty target of $30 trillion, all crypto assets, including Shiba Inu, are expected to experience huge spikes.

SHIB Valuation and Price If Total Crypto Market Cap Hits $5T, $10T, $15T, $20T, or $30T

At the moment, Shiba Inu’s market cap of $8.6 billion accounts for approximately 0.29% of the total crypto valuation of $2.97 trillion. This indicates that Shiba Inu has a market dominance of 0.29%, which is relatively low compared to Bitcoin’s current standing of 63.26%.

Assuming Shiba Inu’s market share remains constant and the total crypto valuation soars to a peak of $30 trillion, SHIB would also see a proportional increase.

Therefore, we estimated SHIB’s valuation if the total crypto market cap rose from its current value to $30 trillion. We did this by multiplying SHIB’s current dominance of 0.29% by the projected crypto market cap.

That said, should the total crypto market cap rise to $5 trillion, $10 trillion, $15 trillion, $20 trillion, or $30 trillion, Shiba Inu’s valuation would surge to $14.5 billion, $29 billion, $43.5 billion, $58 billion, or $87 billion, respectively.

At a valuation of $14.5 billion, 1 SHIB token would be worth $0.00002460, assuming Shiba Inu’s circulating supply remains stable. Additionally, reaching the projected market cap of $29 billion, $43.5 billion, $58 billion, or $87 billion would push SHIB’s price to $0.00004921, $0.00007382, $0.00009843, or $0.0001476, respectively, under the same condition.

These prices mark potential surges of 68%, 237%, 436%, 574%, or 911% from the current price of $0.00001459.

When Can SHIB Reach These Targets?

Changelly experts suggest that the projected prices are within Shiba Inu’s reach. According to a recent analysis, they expect Shiba Inu to clinch the $0.00002460 target by January 2026, with SHIB projected to rise to an average target of $0.0000314.

Experts at Changelly forecast that the $0.00004921 target will materialize the following year, specifically by July 2027. Changelly also expects SHIB’s price to reach $0.00007382 a year later by July 2028.

While Changelly set April 2029 as the potential timeline for SHIB’s rise to the $0.00009843 mark, it believes the token would clinch the $0.0001476 target by May 2030, five years from now.

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.