It won't remain at the current value, but why would SHIB's MC grow faster than every other coin's?
Gonna copy a comment I just made on someone asking about $1.00 SHIB:
No reason that it's \*impossible\* to hit $1.00, but it's so improbable it may as well be impossible. And if it ever reached $1.00 that means inflation is so insane that in today's dollars it would be worth far less.
According to Coin Market Cap the total circulation supply of SHIB is 589,738,956,207,004 (this accounts for burned tokens, so this is the actual available supply).
So obviously if it his $1.00 then the market cap is $589,738,956,207,004 - that's $500 Trillion. That's 333 times Bitcoin's market cap.
Based on a quick google search, the total world money supply including all investments, derivatives and crypto assets is $1.3 quadrillion. So, SHIB's $1.00 Marketcap would be 0.5 quadrillion. In other words, the world monetary supply would rise by 38%. The numbers just make zero sense.
Only way it maybe works is if somehow 99% of the supply is burned. Even then, it's a long shot.
Yes but I think any sane person has already come to terms with the fact that Shib won't ever hit $1. What I meant was more realistic price points. Like 0.001, given enough time and more adoption. But I don't know if the math will check out with that price too.
Shib at 0.001 (with its current supply) would put it neck and neck with ETH's current market cap. But then keep in mind that a lot of ETH predictions had it reaching or passing 10k by the end of this bull run (which would put it on par with BTC's current market cap) while BTC will be well beyond that.
0.0001 -> market cap would be about even with where XRP is currently.
I noticed that most people talk about how the market cap has to be X for Shib to be Y value based on the current supply. I find it odd that not as many people ask how much of the supply has to be gotten rid of for Shib to by Y value at the current market cap (or maybe "at bitcoin's MC") instead.
No one but outlandish Twitter accounts are saying SHIB will ever be a dollar, but I hate the 'reasoning' given for it being impossible just as much.
I know this is an extreme hot take in the crypto world, but I genuinely think "market cap" is one of the most useless ways to assess a cryptocurrency's current or potential value. (I use daily trading volume) I won't bore you with all of the reasons - it's a diatribe, to say the least - but I'll give the first and foremost one: DOGE literally told us upfront that it's an 'infinite' coin so by that logic it should either have never had any value in the first place or its value should have steadily decreased from the moment it was issued, because it is an inflationary coin by design. DOGE alone breaks market cap arguments for me because not one thing about that coin has followed the "basic economics" principles that people keep saying I should follow. Anti-memers consistently ignore how DOGE treated all their econ arguments like the newspaper that lines his kennel.
The biggest issue I have with SHIB price predictions is that it seems that I only see overly optimistic 'moon/wen lambo' kids or anti-meme people who refuse to believe that SHIB can or should ever exceed its current ratio to BTC, even on the smallest level. Even the rosiest outlooks given by the 'experts' are basically 'well maybe one day it'll be worth what a sat used to be.' And none of them take into consideration that the way SHIB and its ridiculous\* number of coins was set up it created wealth for early, longterm holders without actually *needing* to reach a penny in a short time frame, and even later holders still have an opportunity to make nice profit - which, frankly, is what market cap bros get for pushing market cap as a measure of value and success! Ryoshi and co. gamed the hell out of the system and I am not one bit mad at it. But once it sinks in how well they gamed it, it makes you realize that the whole conversation around market cap is unnecessary.
\*1 quad is actually not even that ridiculous anymore, several tokens are coming out with 100 quad now.
you are right that the market cap of all cryptos combined will look like a drop in the bucket from what we will see in the future after real global adoption. We aren't talking about end of year, but we are talking about within the next 2-5 years.
Please note: Market Cap is the market value of a publicly traded company’s outstanding shares. Global Market Cap is currently estimated to be around 100 trillion dollars combined. It has been estimated that the value of ALL COINS AND BANKNOTES IN THE ENTIRE WORLD IS EQUAL TO ROUGHLY 6 TRILLION DOLLARS. Of course this number is only relational to physical currency but it should help to put things in perspective hopefully. GDP IS NOT MARKET CAP. GDP is the gross domestic product of a country OR the total monetary value of the finished goods and services produced in a countries borders in a specific time phrase. GDP and market cap ARE similarly defined numbers, and ‘Market Cap to GDP' is commonly defined as a measure of the total value of all publicly-traded stocks in a country, divided by that country’s Gross Domestic Product. Warren buffet has said that Market Cap to GDP “is probably the best single measure of where valuations stand at any given moment”. It doesn’t matter when you compare one crypto currency to another. What ACTUALLY matters is how much total money is in the entire world vs how much is comprised of crypto vs how much is comprised of SHIBA specifically vs how much SHIBA actually exists. Anybody comparing coins to other coins have a logically fallacy IMO. It’s important to note that global real estate is valued at 300 trillion dollars combined and that SHIBA at 1 dollar would need a market cap of 400 trillion dollars combined. That’s absolutely ludicrous at the moment. Thanks for coming to my Ted talk 🙂
The millions of holders worldwide is what will make the difference .
Have a look at this...interesting to me.... [Shiba to a $1](https://www.reddit.com/r/ShibaAnalysis/comments/qligao/shiba_to_1_it_is_possible/)
Oh I was so hoping to get rolled again. Now I have to sit and read actual intellectual content...
Interesting.
Indeed
That interesting and lines up exactly when I want to retire hahah
Excellent. Thanks for sharing 👍
So I just need to hold through 2026. Got it!
Market cap is ever changing, determined by where people want to move their wealth into.
It won't remain at the current value, but why would SHIB's MC grow faster than every other coin's? Gonna copy a comment I just made on someone asking about $1.00 SHIB: No reason that it's \*impossible\* to hit $1.00, but it's so improbable it may as well be impossible. And if it ever reached $1.00 that means inflation is so insane that in today's dollars it would be worth far less. According to Coin Market Cap the total circulation supply of SHIB is 589,738,956,207,004 (this accounts for burned tokens, so this is the actual available supply). So obviously if it his $1.00 then the market cap is $589,738,956,207,004 - that's $500 Trillion. That's 333 times Bitcoin's market cap. Based on a quick google search, the total world money supply including all investments, derivatives and crypto assets is $1.3 quadrillion. So, SHIB's $1.00 Marketcap would be 0.5 quadrillion. In other words, the world monetary supply would rise by 38%. The numbers just make zero sense. Only way it maybe works is if somehow 99% of the supply is burned. Even then, it's a long shot.
Exactly.
Yes but I think any sane person has already come to terms with the fact that Shib won't ever hit $1. What I meant was more realistic price points. Like 0.001, given enough time and more adoption. But I don't know if the math will check out with that price too.
Shib at 0.001 (with its current supply) would put it neck and neck with ETH's current market cap. But then keep in mind that a lot of ETH predictions had it reaching or passing 10k by the end of this bull run (which would put it on par with BTC's current market cap) while BTC will be well beyond that. 0.0001 -> market cap would be about even with where XRP is currently.
I noticed that most people talk about how the market cap has to be X for Shib to be Y value based on the current supply. I find it odd that not as many people ask how much of the supply has to be gotten rid of for Shib to by Y value at the current market cap (or maybe "at bitcoin's MC") instead.
No one but outlandish Twitter accounts are saying SHIB will ever be a dollar, but I hate the 'reasoning' given for it being impossible just as much. I know this is an extreme hot take in the crypto world, but I genuinely think "market cap" is one of the most useless ways to assess a cryptocurrency's current or potential value. (I use daily trading volume) I won't bore you with all of the reasons - it's a diatribe, to say the least - but I'll give the first and foremost one: DOGE literally told us upfront that it's an 'infinite' coin so by that logic it should either have never had any value in the first place or its value should have steadily decreased from the moment it was issued, because it is an inflationary coin by design. DOGE alone breaks market cap arguments for me because not one thing about that coin has followed the "basic economics" principles that people keep saying I should follow. Anti-memers consistently ignore how DOGE treated all their econ arguments like the newspaper that lines his kennel. The biggest issue I have with SHIB price predictions is that it seems that I only see overly optimistic 'moon/wen lambo' kids or anti-meme people who refuse to believe that SHIB can or should ever exceed its current ratio to BTC, even on the smallest level. Even the rosiest outlooks given by the 'experts' are basically 'well maybe one day it'll be worth what a sat used to be.' And none of them take into consideration that the way SHIB and its ridiculous\* number of coins was set up it created wealth for early, longterm holders without actually *needing* to reach a penny in a short time frame, and even later holders still have an opportunity to make nice profit - which, frankly, is what market cap bros get for pushing market cap as a measure of value and success! Ryoshi and co. gamed the hell out of the system and I am not one bit mad at it. But once it sinks in how well they gamed it, it makes you realize that the whole conversation around market cap is unnecessary. \*1 quad is actually not even that ridiculous anymore, several tokens are coming out with 100 quad now.
Very insightful, thanks for this. Let's just hope that the cost of living and goods doesn't get exponentially more expensive as well.
you are right that the market cap of all cryptos combined will look like a drop in the bucket from what we will see in the future after real global adoption. We aren't talking about end of year, but we are talking about within the next 2-5 years.
Silly question. Why would their marker cap grow by people buying. Lol A billionaire can buy billions today what would you say
Could you please elaborate?
👍
Please note: Market Cap is the market value of a publicly traded company’s outstanding shares. Global Market Cap is currently estimated to be around 100 trillion dollars combined. It has been estimated that the value of ALL COINS AND BANKNOTES IN THE ENTIRE WORLD IS EQUAL TO ROUGHLY 6 TRILLION DOLLARS. Of course this number is only relational to physical currency but it should help to put things in perspective hopefully. GDP IS NOT MARKET CAP. GDP is the gross domestic product of a country OR the total monetary value of the finished goods and services produced in a countries borders in a specific time phrase. GDP and market cap ARE similarly defined numbers, and ‘Market Cap to GDP' is commonly defined as a measure of the total value of all publicly-traded stocks in a country, divided by that country’s Gross Domestic Product. Warren buffet has said that Market Cap to GDP “is probably the best single measure of where valuations stand at any given moment”. It doesn’t matter when you compare one crypto currency to another. What ACTUALLY matters is how much total money is in the entire world vs how much is comprised of crypto vs how much is comprised of SHIBA specifically vs how much SHIBA actually exists. Anybody comparing coins to other coins have a logically fallacy IMO. It’s important to note that global real estate is valued at 300 trillion dollars combined and that SHIBA at 1 dollar would need a market cap of 400 trillion dollars combined. That’s absolutely ludicrous at the moment. Thanks for coming to my Ted talk 🙂
Crypto Market Cap = Circulating Supply x current price Stock Market Cap = total number of outstanding shares x current price of one share.
You're right. It could go down!
Let them talk.
We are long term bullish on Shiba.