- If the crypto market reaches $40T and SHIB regains past dominance, its market cap and price could surge dramatically.
- A recent 300%+ increase in SHIB token burns signals a strong community effort to reduce supply and boost value.
- By 2040, SHIB could yield a 321.85% ROI with projected average pricing around $0.00004726.
As the global cryptocurrency market cap stabilizes around $2.5 trillion, speculation continues regarding a potential expansion to $40 trillion. The conversation, fueled by notable industry observers, focuses on what could happen to individual assets should this projected growth materialize. Shiba Inu (SHIB), a popular meme coin with a current market cap of $7.4 billion, stands as a focal point of this discussion.
At press time, SHIB trades at $0.00001256, showing a 6.08% decline over the last 24 hours. Despite this short-term dip, increased market volume—up by 5.21% in the same period to $305.94 million—suggests sustained interest in the token. These developments raise a critical question: how would SHIB perform if the entire market surges to $40 trillion and the token reclaims its former dominance?.
Shiba Inu’s Current Metrics Suggest Significant Room for Growth
SHIB has an FDV of $7.41 billion, or matching its currently unlocked market cap. The 24-hour token volume-to-market-cap ratio is 4.13%, reflecting moderate activity as a percentage of size. Additionally, Shiba Inu currently holds 1.50 million wallet holders, based on the current numbers.
Interestingly enough, the numbers come when SHIB is comfortably away from it’s all-time price and market share highs. This backdrop sets the stage for assessing how much room the asset has to grow if favorable market conditions align with increased investor appetite.
SHIB Burn Rate Jumps Amid Supply Reduction Efforts
As of the latest hourly data, Shiba Inu (SHIB) 24-hour performance shows a 6.18% decline, with the market cap now at $7.4 billion, down by 6.20%. The total supply remains at 589.25 trillion tokens.
Notably, burn activity has accelerated, with 801,742 SHIB tokens burned in the past 24 hours—a 300.87% increase. Over the past seven days, 129.96 million tokens have been burned, up 8.57%, indicating continued community-driven supply reduction efforts.
SHIB’s Valuation Could Skyrocket in a $40 Trillion Crypto Market
According to analyst Cryptorecruitr earlier projection, the total crypto market could eventually reach $40 trillion. While no timeline has been specified, this projection assumes broader adoption and significant capital inflow. If Shiba Inu manages to reclaim its previous dominance within such an environment, its valuation could multiply.
Historically, SHIB captured a higher percentage of total market cap than it currently holds. Therefore, in a $40 trillion scenario, even a similar percentage would translate into a substantially larger market cap. This increase, in turn, would significantly impact the token’s price.
SHIB 2040 Forecast Projection
According to Coincodex, in 2040, Shiba Inu (SHIB) is anticipated to change hands in a trading channel between $0.00004125 and $0.00005301, leading to an average annualized price of $0.00004726. This could result in a potential return on investment of 321.85% compared to the current rates.
