Here Is How High Shiba Inu Must Rise to Become Top 3 Crypto

This article estimates how high Shiba Inus market cap must soar to potentially push SHIB to rank among the top three biggest cryptocurrencies globally.

Despite Shiba Inu starting as a meme coin, its ambitions extend beyond this meme origin. The ecosystem team has continued to shed light on SHIBs ambitions on several occasions.

For instance, last week, Shiba Inus enigmatic leader, Shytoshi Kusama, revealed an ambitious plan to make SHIB a global powerhouse within the next five years. This timeline coincides with when Kusama expects to take SHIB to the list of top five cryptocurrencies by market cap.

During this forecast, some community members speculated that Shiba Inu is capable of ranking among the top three cryptocurrencies in the world.

Growth Rate Required for SHIB Surge to $0.000275

Based on this speculation, we estimated how much Shiba Inus market cap must surge to enter the top three rankings.

Currently, Shiba Inu is trading at $0.00001675, marking a 24-hour surge of 1.74% and a seven-day increase of 0.68%. It is currently ranked as the 16th biggest cryptocurrency in the world, with a market cap of $9.87 billion.

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At the moment, Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) are holding the top three spots in the global crypto ranking. Bitcoin ranks in the top position thanks to its market cap of $1.93 trillion. Ethereum follows suit, boasting a valuation of $326.82 billion. In the meantime, XRP is positioned as the third biggest cryptocurrency. It has a market cap of $162.01 billion.

Therefore, to rank among the top three cryptos, Shiba Inu must flip XRP from the third position. For this to happen, Shiba Inu must rally at least 1,542% from its current valuation of $9.87 billion to flip XRP and rank among the top three cryptocurrencies.

A 1,542% surge for Shiba Inu will potentially take SHIB‘s market cap to $162.06 billion. For clarity, this analysis assumes that XRP’s valuation remains at $162.01 billion and does not experience any growth.

Shiba Inu will be valued at $0.0002750 per token at this market cap, representing a surge of 1,542% from the current price. To highlight the significance of this surge, a portfolio of 100 million Shiba Inu tokens worth $1,675 will be valued at $27,500 if SHIB eventually clinches the $0.0002750 target.

Potential Timeline for Shiba Inus Surge to $0.0002750

Interestingly, there are numerous predictions that align with Shiba Inus potential surge to the $0.0002750 price mark.

According to analysts at crypto trading platform Changelly, Shiba Inu will soar to around this target within the next seven years. Specifically, they set an average price target of $0.000272 for Shiba Inu by January 2032. They also expect the canine-themed token to hit a minimum price of $0.000263 and a maximum target of $0.000306 by then.

Meanwhile, the Telegaon prediction platform speculates that Shiba Inu could clinch the $0.000275 target sooner, specifically by 2028, three years from now.

Despite these positive projections, Shiba Inu still requires the alignment of certain factors to surge to the third position in the global crypto market cap.

They include mainstream adoption of SHIB and other ecosystem projects, increased burns, and a strong bull market. Nonetheless, caution is still required as nothing is guaranteed in crypto trading.