Shiba Inu’s Price Surge: Could It Reach Cardano’s Market Cap?

While Shiba Inu (SHIB) is currently facing a downturn, some analysts believe it could see a price surge if its market cap matches that of Cardano. The potential for this to happen hinges on SHIB achieving a significant increase in its valuation and overtaking Cardano’s market capitalization. 85.22% of SHIB holders are currently in losses, but many remain optimistic about the token’s long-term prospects. If Shiba Inu surpasses Cardano’s market cap by a substantial amount – approximately $23.15 billion – it could potentially become the ninth-largest cryptocurrency, according to estimates. This surge would raise SHIB’s valuation to $0.00003930 per token.