Here Is Shiba Inu Price If It Becomes the Meme King of the Next Bull Run

The prospect of Shiba Inu becoming the meme king of the next bull run could significantly impact the price of SHIB

With only a few months left before the end of the current cycle, investors are already focused on the next bull run, expected to occur in 2028/2029. Ahead of that bull run, development teams behind tokens like Shiba Inu are already preparing their projects to participate in the upcoming rally

In particular, the Shiba Inu team has introduced several utility projects, including Shibarium, ShibaSwap, and the automated burn mechanism ShibTorch, that could elevate SHIB’s price to greater heights

At the moment, Shiba Inu is ranked as the second-biggest meme coin. It is valued at $8.3 billion, with a token currently trading at $0.00001208. For Shiba Inu to become the meme king, it must usurp Dogecoin, which currently leads that market with a valuation of $35.79 billion

SHIB Price If It Becomes Meme King

Surpassing Dogecoin’s market cap and becoming the meme king would require Shiba Inu’s valuation to grow roughly 382%. The rally will eventually push Shiba Inu’s market cap from $8.3 billion to $40 billion, surpassing DOGE’s current $35.7 billion

This analysis assumes Dogecoin’s market cap does not exceed $40 billion in the next bull run. Given Shiba Inu’s supply of 589.25 trillion tokens, a market cap of $40 billion translates to a price of $0.00006788 per token. The estimated target is still below Shiba Inu’s previous all-time high of $0.00008845, registered in October 2021

Is $0.00006788 Feasible for SHIB?

Whether SHIB can become the meme king of the next cycle and ultimately climb to $0.00006788 remains to be seen. Most crypto analysts believe that $0.00006788 is a realistic target for Shiba Inu

In November, the marketing lead of the Shiba Inu ecosystem, Lucie, showcased SHIB’s substantial lifetime gains against Bitcoin and USDT

The chart showed that Shiba Inu massively outperformed both Bitcoin and USDT, prompting Lucie to declare that SHIB was doing fine. Following Shiba Inu’s remarkable performance, Lucie predicted a subsequent surge to $0.00006861. However, she did not indicate when the prediction would materialize

In the absence of a specific timeline, we turned to Chagelly for an estimate regarding when SHIB will clinch the $0.00006788 target. According to Changelly, SHIB could trade at around $0.00006788 in the next cycle, precisely by July 2028. In that month, Changelly envisions SHIB reaching a maximum target of $0.0000684

Meanwhile, investors should not reference this analysis as financial advice due to the volatile nature of cryptos. Moreover, the possibility of SHIB becoming the meme king remains uncertain due to the absence of an ETF tied to the token and the team’s decision to stay anonymous