Shiba Inu (SHIB) has the potential to reach unprecedented price levels if it ascends to become one of the top 3 cryptocurrencies by market capitalization.
The cryptocurrency market has consistently featured Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) as the top three assets since 2022. While BNB occasionally displaces USDT, the stablecoin reclaims its position during market downturns or when new USDT is minted.
SHIB’s Journey in the Top 10 Rankings
Shiba Inu first entered the top 10 cryptocurrencies in October 2021 during its historic price surge. At its peak, SHIB achieved a market cap of $36.9 billion, surpassing Dogecoin (DOGE) to become the ninth-largest cryptocurrency.
However, SHIB’s valuation has since declined, currently resting at $10.1 billion, placing it as the thirteenth-largest crypto asset. Despite this, the meme coin continues its push to re-enter the top 10.
In May 2024, SHIB briefly reclaimed a top 10 position after a significant price rally, climbing above $0.000028** and boosting its market cap to **$16.84 billion.
SHIB’s Potential as a Top 3 Cryptocurrency
For SHIB to break into the top 3 cryptocurrencies, it would require a massive price surge. Here’s how SHIB’s price would fare at different market cap milestones:
1. Claiming USDT’s Spot (#3) – $114.3 Billion Market Cap
- Target Price: $0.0001944
- Increase from Current Price: 1,031%
- This would set a new all-time high (ATH) for SHIB.
2. Overtaking Ethereum (#2) – $387.9 Billion Market Cap
- Target Price: $0.0006583
- Increase from Current Price: 3,731%
- Analysts predict SHIB could reach this range by 2030–2032.
3. Surpassing Bitcoin (#1) – $1.33 Trillion Market Cap
- Target Price: $0.00226
- Projected Timeline: 2033–2040
- This would require long-term adoption and sustained growth.
👉 Discover how Shiba Inu compares to other top cryptos
Frequently Asked Questions (FAQ)
Q1: Can Shiba Inu realistically become a top 3 cryptocurrency?
A: While challenging, SHIB’s community-driven growth and increasing utility (e.g., Shibarium) make it a contender for long-term success.
Q2: What factors could drive SHIB’s price higher?
A: Key catalysts include burn mechanisms, exchange listings, DeFi integrations, and broader crypto market rallies.
Q3: How does SHIB’s supply affect its price potential?
A: With a circulating supply of ~589 trillion, significant demand is needed for major price increases, making burns crucial.
Q4: Is SHIB a good long-term investment?
A: As with all cryptocurrencies, SHIB carries risk. Investors should diversify and research before allocating funds.
👉 Learn more about Shiba Inu’s future prospects
Final Thoughts
Shiba Inu’s potential to become a top 3 cryptocurrency hinges on massive adoption, sustained burns, and bullish market conditions. While ambitious, its community and evolving ecosystem keep it in the conversation for long-term growth.