If the market capitalization of Shiba Inu reaches $1 trillion, the price of Dogecoin could soar by more than 7,500%.

 

Recently, there has been ongoing discussion within the crypto community about meme coins reaching a valuation of $1 trillion. Given that Shiba Inu and Dogecoin are the most well - known crypto assets in the meme coin space, they have been at the forefront of these conversations.

 

Notably, even Shytoshi Kusama, the lead developer of Shiba Inu, has recently argued that Shiba Inu could reach a $1 trillion market capitalization. In his view, such a development would surprise skeptics and critics.

 

In light of this ambition, crypto fundamental analysis has evaluated the potential market price of Dogecoin's closest competitor, Shiba Inu, if it breaks the $1 trillion ceiling.

 

It's worth noting that Shiba Inu currently has a market capitalization of $13 billion, corresponding to a unit price of $0.000022. To reach $1 trillion, its market price would need to increase by approximately 7,592%. Specifically, a $1 trillion market capitalization would correspond to a unit price of $0.001698 for Shiba Inu.

 

If Shiba Inu can reach such heights, what would be the state of its long - time rival, Dogecoin?

 

To estimate Dogecoin's market capitalization if SHIB's market cap reaches $1 trillion, we can assume a proportional relationship between Dogecoin and SHIB. This means that if SHIB's market capitalization grows by a certain multiple, Dogecoin's market capitalization will change proportionally.

 

Notably, Dogecoin currently has a market capitalization of $52 billion and is trading at $0.35. With SHIB's market capitalization at $12 billion, Dogecoin is more than four times that of Shiba Inu.

 

If SHIB's price increases by 7,592% to reach a $1 trillion market capitalization, a similar increase would push Dogecoin's valuation from $58 billion to $4.46 trillion. With Dogecoin's circulating supply of 147.68 billion and a market capitalization of $4.46 trillion, the price of Dogecoin would rise to $30.18.

 

Interestingly, many market commentators believe that Dogecoin could reach $30 in the current cycle. Some have even released a bold five - month timeline. Those expressing such ambitious outlooks usually rely on Dogecoin's historical performance in the past two bull seasons.

 

However, analysts at Telegaon argue that reaching a price of $30 with a market capitalization of $45 trillion would take a decade to achieve.

 

Meanwhile, there is less debate about Shiba Inu's potential in this cycle. Analysts mainly advocate for a $100 billion ceiling in the current cycle.Telegaon analysts also predict that it would take a decade to reach a price of $0.00169, which would be required for a $1 trillion market capitalization.