Here are Returns on $1,000 Invested in Shiba Inu at $0.000016 if SHIB Hits XRP Market Cap

Investors who commit $1,000 into Shiba Inu at the current price could see their investments skyrocket if SHIB reaches XRP market cap.Shiba Inu, the second-largest meme coin by market cap, has continued to face bearish pressure amid the ongoing drawdown in the broader market. During the November to December 2024 uptrend, SHIB's market cap grew 87% from $10.54 billion in November to a nine-month peak of $19.7 billion by December.Optimism Abounds Despite Shiba Inu DropHowever, as the crypto market suffered a pullback, Shiba Inu's price decline led to a steep collapse in its market cap. The asset's valuation has since dropped below the $10 billion mark it started November 2024 with, currently hovering around $9.92 billion at press time. The current position represents a 49.6% crash in Shiba Inu's market cap from the December 2024 peak. For context, SHIB's price dropped from a high of $0.00003343 to the current figure of $0.00001684 as of the time of reporting. Nonetheless, despite the bearish turn of events, confidence in Shiba Inu's long-term potential has not waned. While some analysts believe a run to $0.000473 is imminent, others like Javon Marks expect the leading meme coin to claim a less ambitious price target of $0.0001553.Regardless, the consensus is that SHIB will eventually recover from this pullback. As a result, the current situation presents an attractive opportunity to procure Shiba Inu at lower prices. For instance, an investor who commits $1,000 to Shiba Inu at the current price would amass 59,382,422 (59.38 million) tokens.Returns of $1,000 in Shiba Inu if SHIB Hits XRP Market CapShould any of the projected price targets materialize, this investment will likely yield impressive returns. However, the extent of these returns remain uncertain. Most recently, we assessed how much ROI such an investment would bring in if Shiba Inu grew to claim the market cap of a top 3 asset like XRP.

XRP Market Cap Position CoinMarketCap

XRP Market Cap Position | CoinMarketCap

Currently, XRP boasts a market cap of $161.54 billion, making it the third-largest asset by market cap. If Shiba Inu claimed this valuation, the price of one SHIB token would sit at $0.000274, a new all-time high, assuming its circulating supply remains fairly stable at 589.2 trillion tokens.Notably, at the $0.000274 price, the 59.38 million Shiba Inu tokens, initially procured with the $1,000 investment, would have skyrocketed to about $16,270, bringing in a profit of $15,270. This target price will mark a 1,527% return on investment. Meanwhile, an initial investment of $100K would have resulted in a profit of about $1.5 million.However, while the returns seem attractive, the prospect of Shiba Inu claiming a $161 billion market cap remains merely speculative at press time. For context, SHIB's peak market cap was $51.8 billion, attained in October 2021 when Shiba Inu reached the all-time high of $0.000088.

Text source: The Crypto Basic

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