Overview of SHIB Performance
Shiba Inu (SHIB) has demonstrated notable market activity over the past week, with its price and market capitalization fluctuating within specific ranges. Below is a detailed breakdown of SHIB's key metrics and comparisons with top cryptocurrencies.
7-Day Price and Market Cap Range
- Price Range (7d): Fluctuations observed within a competitive bracket.
- Market Cap Range (7d): $6.58B – $7.00B, reflecting dynamic investor interest.
SHIB vs. Top 5 Cryptocurrencies
A hypothetical comparison of SHIB's price if it reached the market cap of leading assets:
| SHIB Price | Target Asset | Market Cap of Target | Multiplier |
|---|---|---|---|
| $0.00368 | BTC | $2.17T | 316.46x |
| $0.00052 | ETH | $308.30B | 45.01x |
| $0.00022 | XRP | $131.70B | 19.23x |
| $0.00016 | BNB | $96.11B | 14.03x |
| $0.00014 | SOL | $80.51B | 11.75x |
Note: Multipliers indicate the theoretical price increase for SHIB to match the market cap of each asset.
Market Cap Metrics
Current Market Cap
$6.85B – Calculated as circulating supply multiplied by SHIB's current price.
Fully Diluted Market Cap
$11.63B – Represents the total valuation if all coins (including locked/reserved) were in circulation.
Supply Details
- Circulating Supply:
589.02T SHIB (available for trading). - Total Supply:
999.99T SHIB (includes staked, locked, or reserved coins).
FAQs
Q1: What influences SHIB's price volatility?
A: Factors include market sentiment, adoption trends, and broader crypto market movements.
Q2: How does SHIB's market cap compare to Dogecoin (DOGE)?
A: SHIB ranks lower but has a higher circulating supply, impacting its per-coin valuation.
Q3: Can SHIB reach $0.01?
A: Achieving this price would require unprecedented demand or supply reduction mechanisms.
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Key Takeaways
- SHIB remains a high-supply, speculative asset with active trading volume.
- Market cap comparisons highlight its growth potential relative to giants like BTC and ETH.
- Always conduct independent research before investing.
Disclaimer: This content is for informational purposes only and not financial advice.