The Shiba Inu (SHIB) price has struggled in recent weeks, dropping 15% amid a broader crypto market pullback. Currently trading at $0.00001235, SHIB remains 72% below its March 2024 peak of $0.00004563—far from its all-time high (ATH) of $0.00008845 set in October 2021.
But what if SHIB reclaims its peak market dominance and the global crypto market cap surges to $40 trillion? Let’s break down the possibilities.
Shiba Inu’s Past Peak: How Dominant Was SHIB in 2021?
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At its ATH in October 2021, SHIB’s market cap hit $51.9 billion (circulating supply: 589.5 trillion).
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The global crypto market cap was $2.6 trillion at the time.
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This gave SHIB a peak market dominance of 1.99%.
Since then, SHIB’s dominance has dropped to just 0.23%—but could a crypto supercycle revive its glory days?
SHIB Price if Crypto Market Hits $40T (2 Scenarios)
1. If SHIB Reclaims 1.99% Market Dominance
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Global crypto market cap = $40 trillion
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SHIB market cap = $796 billion
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SHIB price = $0.00135 (10,426% increase from current levels)
This would mark a new ATH, aligning with some bullish predictions:
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Analyst Krao forecasted SHIB could hit $0.001 in 2024.
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Changelly predicts SHIB may reach $0.001 by 2040.
2. If SHIB Maintains Current 0.23% Dominance
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Global crypto market cap = $40 trillion
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SHIB market cap = $92 billion
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SHIB price = $0.000156 (still a new peak, but lower upside)
Can SHIB Really Reach $0.001? Key Factors to Watch
✅ Crypto Market Growth – A $40T market cap (as predicted by Cardano bull Dan Gambardello) would require massive adoption.
✅ SHIB Utility & Burns – Increased Shibarium adoption and token burns could reduce supply and boost demand.
✅ Meme Coin Hype – SHIB thrives on retail momentum—another viral cycle could propel prices.
Bearish Risks to Consider
⚠️ Competition – New meme coins (e.g., Dogwifhat, PEPE) could divert attention.
⚠️ Lack of Utility – Without real-world use, SHIB remains speculative.
⚠️ Market Corrections – Bitcoin downturns often drag altcoins like SHIB lower.
Final Verdict: Realistic or Overly Optimistic?
While $0.001 SHIB seems ambitious, a $40T crypto market could make it possible—if SHIB regains its 2021 dominance. However, investors should remain cautious, as meme coins are highly volatile.
