A recent analysis suggests that if all Dogecoin (DOGE) holders converted their holdings to Shiba Inu (SHIB), the SHIB price could increase by 468% to approximately $0.00004524. This hypothetical scenario assumes the $21.98 billion DOGE market cap shifts entirely to SHIB. Despite this potential surge, SHIB's price would remain far from the $0.01 target due to its vast circulating supply of over 589 trillion tokens.
The analysis further notes that for SHIB to reach $0.01, it would require an unrealistic market cap of $5.89 trillion, highlighting the challenges posed by its large token supply. This underscores the difficulty of achieving significant price milestones without substantial market changes.
SHIB Price Could Surge 468% if All Dogecoin Holders Switched
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
