Shiba Inu (SHIB), one of the most popular memecoins, is in the spotlight as it gains momentum amid the ongoing crypto relief rally. With its market cap above $9 billion, SHIB’s growing valuation has sparked speculation about its potential to rival Ethereum in scale, at least halfway.
SHIB Surges as the Crypto Market Rebounds
The recent bounce across the broader cryptocurrency market has positively impacted SHIB, lifting its market cap from around $7 billion to over $9 billion. Currently trading at $0.00001420, Shiba Inu is the 16th largest cryptocurrency by market capitalisation.
While this rally isn’t unprecedented, it fuels the possibility of a much bigger breakout, especially when considering SHIB’s strong ties to Ethereum, the second-largest crypto asset by market cap.
Why Ethereum Matters to Shiba Inu’s Trajectory
Shiba Inu’s foundational link to Ethereum gives this speculative forecast added weight. The SHIB token launched on the Ethereum blockchain in August 2020 and has since ranked among the most-held and traded ERC-20 tokens.
Shiba Inu’s lead developer, Kaal Dhairya, once referred to SHIB as Ethereum’s “most loyal token,” underscoring its deep connection to the network. Furthermore, Shiba Inu’s expanding ecosystem, including Shibarium (its layer-2 scaling solution) and SHIB: The Metaverse, is built entirely on Ethereum infrastructure.
This close relationship suggests that if Ethereum grows, SHIB could benefit indirectly, especially if investor sentiment sees SHIB as a speculative proxy or high-risk extension of Ethereum’s success.
What Would SHIB Be Worth at Half of Ethereum’s Market Cap?
Let’s do the math to understand what SHIB’s value could look like if it captures 50% of Ethereum’s market cap.
Ethereum currently boasts a market cap of $286.14 billion. If SHIB reaches half of that, around $143.07 billion—its price would climb substantially. With SHIB’s circulating supply fixed at approximately 589.25 trillion tokens, its price would soar to about $0.0002428, setting a new all-time high.
This target price reflects a 1,610% increase from SHIB’s current value, which would demand massive investor interest and sustained adoption of its ecosystem.
Is $0.0002428 a Realistic Price Target?
Analysts and prominent voices in the crypto space have weighed in on this ambitious goal, with many expressing optimism. For instance, crypto influencer Eljaboom claimed that Shiba Inu could hit $0.00024 if it replicates the explosive growth seen in Q2 2021.
Another analysis from The Crypto Basic connected SHIB’s chances of reaching $0.00024 with the hypothetical scenario of Solana (SOL) reaching $3,000, a bold but not impossible benchmark based on historical performance curves.
Related article: Shiba Inu Burn Rate Slows as 410 Trillion Milestone Looms
When Could SHIB Hit This Milestone?
While no prediction is certain, two major forecasting platforms offer different timelines. According to Changelly, SHIB could reach the $0.0002428 mark by November 2031, about six years from now. In contrast, Telegaon presents a more optimistic outlook, suggesting the target could be achieved as early as 2028.
These timelines reflect a belief in the long-term value-building capacity of the SHIB ecosystem, especially if key developments like Shibarium, Metaverse adoption, and community loyalty remain strong.
Although reaching half of Ethereum’s market cap may seem ambitious, the crypto market thrives on momentum, community strength, and speculative bets. SHIB has proven its ability to rally dramatically in short periods, and with its ongoing developments, the token’s future remains full of potential.
