Shiba Inu Cryptocurrency, beyond Cardano, remains a highly speculative topic that attracts crypto investors, especially as Shib continues to trade around the $0.000012 mark. At the time of writing, many traders and enthusiasts are wondering about this possibility. This analysis examines the prices Shiv needs to reach Cardano’s market capitalization and whether such ambitious milestones can be achieved in the current market environment.
Can the Sheeva dogs pass Cardano? Market capitalization and price outlook
Current market position
Shib is currently trading for around $0.00001,218. This is down about 12.6% of the month, and 7.49% over the past week or so. Tokens actually fell by around 63.41% from the December peak of $0.00003329.
According to the latest data, approximately 85.22% of all Shiba INU holders currently have losses.
Meanwhile, Cardano currently holds the ninth position in the world, with a market capitalization of around $231.5 billion and a price of around $0.6566. Shiba Inu ranks 17th in a market capitalization of $7.16 billion. This creates a considerable gap that Shiba Inu needs to overcome if it quickly surpasses Cardano.
Market capitalization challenge
For Shiba Inu to surpass Cardano, it would require a significant increase of 224% in its market capitalization at this point. This substantial growth could essentially boost Shib’s overall valuation from the current $7.16 billion to around $231.6 billion, potentially positioning it as the ninth largest cryptocurrency ahead of the ADA.
SHIB price target analysis
The market capitalization, which corresponds to Cardano’s current valuation, will be converted to approximately $0.00003930 per siv token, based on a rather huge 589.25 trillion circular supply. This price target represents a rather significant increase from current levels, but interestingly it’s about 55.56% below Shiba Inu’s all-time high of 0.00008845.
Shiba Inu was last approaching this particular price level on March 6, 2024. The token has been struggling since then to recapture its $0.000039 mark despite development in various markets and ongoing investor interest.
Experts’ predictions
Several forecasting platforms share predictions about the possibility that Sibainu could outperform Cardano, a market capitalization.
Crypto Prediction Platform Changelly predicts that Shib will revisit the $0.000039 price mark by December 2026.
Meanwhile, forecasting platform Telegaon believes that Shiv will reach its target this year ($0.000039).
Investor sentiment despite losses
Despite the fact that 85.22% of holders are currently losing money and only about 10.59% profit, many investors remain incredible confidence that they could ultimately outperform Cardano through a significant price increase in the coming months or years.
Market challenges lie ahead
Whether Shiba Inu, which surpasses Cardano, becomes a real reality depends heavily on Shibu, achieving that 224% growth, while the ADA remains somewhat stagnant. Tokens face several important hurdles, including sustained market volatility, continued regulatory uncertainty, and increased competition from other common meme cryptocurrencies.
The path to reach its $0.000039 price range could be affected by wider market conditions, ongoing progress in shybarium development, and potential changes in investors’ feelings about general meme tokens.
For now, this idea represents an interesting hypothetical scenario rather than an imminent reality, but if achieved it will mark a rather significant change in Shiv’s overall market position.
