Can Shiba Inu (SHIB) Hit $0.001 Without Surpassing Bitcoin (BTC) in Market Dominance?

Shiba Inu remains one of the top meme-inspired crypto assets that many continue to speculate on for future price action.

Shiba Inu is one of the top meme-inspired crypto assets that many are speculating on for future price action.

The coin started from humble beginnings with numerous zeros, but it is now down to just four as it trades at $0.00001552. Meanwhile, enthusiasts are anticipating more progress, eagerly discussing when its price could shed even more zeros and reach $0.001.

However, some have wondered whether SHIB can hit $0.001 without surpassing Bitcoin (BTC) in market dominance. This article will analyze the potential scenarios.

At the time of writing, Shiba Inu is changing hands at $0.00001552, with a market capitalization of approximately $9.2 billion. In comparison, Bitcoin sits comfortably with a market cap of around $2.01 trillion, with a price that is currently trading at $103,861.

To estimate whether SHIB could hit $0.001 without surpassing BTC, we need to calculate what would happen to SHIB’s market cap if it reached that price. Notably, Shiba Inu’s total supply remains at approximately 589 trillion tokens.

With this circulating supply, if SHIB were to hit $0.001, its market cap would amount to $589 billion. This would demand an astonishing growth of 7,297% from the current price level.

So, what does this mean? Even with such a dramatic price increase, SHIB’s market cap would still be a fraction of Bitcoin’s.

Bitcoin’s market cap, which is currently at around $1.86 trillion, is nearly three times higher than SHIB’s projected $589 billion at $0.001. This clearly indicates that SHIB could reach $0.001 without surpassing Bitcoin’s market dominance.

However, it is highly unlikely that Shiba Inu can surge by 7,297% while Bitcoin’s price remains stable at its current position. In other words, if SHIB were to experience such an incredible 73X price movement, we would likely see Bitcoin’s price experience some notable improvements as well, albeit on a smaller scale.

Essentially, the gap between SHIB and Bitcoin could even widen further as Shiba Inu’s price approaches $0.001, making it even less likely that SHIB would outpace Bitcoin in market dominance.

If SHIB were to continue its ascent beyond $0.001, the scenario would change. Let’s consider two higher price points for SHIB: $0.005 and $0.01.

At $0.005, the market cap of SHIB would be approximately $3 trillion, and at $0.01, it would be over $6 trillion. At these levels, Shiba Inu would be valued higher than Bitcoin’s current market cap.

However, this would only happen if SHIB experienced a 36,882% or 73,864% surge while BTC remained at its current position, which is a huge price move for a cryptocurrency. For instance, if Bitcoin saw a 300% price increase from its current level, its market cap would exceed $7 trillion.

Shiba Inu is one of the most popular meme-inspired cryptocurrencies. It started from humble beginnings with numerous zeros in its price, but it is now down to just four as it trades at $0.00001552 at the time of writing. Its fans are eagerly anticipating more progress, discussing when its price could shed even more zeros and reach $0.001. However, some have wondered whether SHIB can hit $0.001 without surpassing Bitcoin (BTC) in market dominance.

To estimate whether SHIB could hit $0.001 without surpassing BTC, we need to calculate what would happen to SHIB’s market cap if it reached that price. As the total supply of Shiba Inu is 589 trillion tokens, which is fully diluted, its market cap would amount to $589 billion at $0.001. This would demand an astonishing growth of 7,297% from the current price level.

In comparison, Bitcoin’s market cap is currently sitting at around $2.01 trillion, and its price is $103,861. This makes it clear that even with such a dramatic price increase, SHIB’s market cap would still be a fraction of Bitcoin’s.

This aligns with the fact that Bitcoin’s market dominance would need to decrease significantly for another cryptocurrency to take the top spot. In essence, it is nearly impossible for a cryptocurrency to reach an extremely high market cap while Bitcoin’s price remains stable at its current position.

If Bitcoin