Will Shiba Inu reach 1 Rupee? Shiba Inu can reach 1 Rupee only under one scenario, read on.
Shiba Inu is currently priced at 0.11 Paisa. Can Shiba Inu reach 1 Rupee?
Shiba Inu Price Performance
- Last 5 Days: -9.4%, Parity*
- Last 30 Days: +43.1%, Outperformer
- 6 Months: +5.3%, Underperformer
- 1 Year: -55.3%, Underperformer
*Vs Dogecoin
Will Shiba Inu reach 1 Rupee? Detailed Analysis
Is Shiba Inu a Good Investment? Read Here
To reach 1 Rupee, Shiba Inu will need to rise nearly 1000 times. Shiba Inu’s current Market Cap is Rs 59000 crores. At 1 Rupee, Shiba Inu’s Market Cap will be Rs 536 lakh crores. Reliance’s Market Cap is 15.8 lakh crores. If Shiba Inu rises at the rate of 50% every year, it would take it 17 years to reach 1 Rupee
Analyzing the above factors
- In Theory, it is not impossible for Shiba Inu to rise 1000 times. For example, Ethereum rose 1400 fold in the last 6 years. However, no token has risen 1000x when its market cap was Rs 59000 crores
- At Rs 1, Shiba Inu’s Market Cap will be 34 times the Market Cap of Reliance Industries. An impossibility
- Lastly, it is impossible for Shiba Inu to rise by 50% every year, even outstanding companies have failed to achieve that goal.
Considering all the above factors, it looks impossible for Shiba Inu to reach 1 Rupee. However, should 99% of Shiba Inu Tokens are burnt, Rs 1 could be closer to reality.
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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.
