Here’s Shiba Inu Price If the US Dollar Collapses and Crypto Becomes the Standard

The Shiba Inu price could chalk off several zeros if the US dollar collapses and cryptocurrencies become the global monetary standard. The US dollar is losing its global market dominance, and the crypto industry is dreaming big. For context, the US Dollar Index (DXY) has been in a downtrend since February, reacting adversely to Donald Trump’s economic policies. With the uncertainties surrounding the dollar, the global market is seeking a hard asset to replace the US dollar. Among others, Bitcoin and cryptocurrencies are in the conversation, with their liquid, viable, and digital nature major lures to the concept. If this happens, the crypto industry will grow exponentially. First, there will be a global demand for digital assets, driving prices northward by simple economics. Furthermore, massive capital would flow into the crypto space, as they will emerge as a store of value and a means of transactional settlements. Notably, this could potentially push the global crypto market cap to trillions of dollars. Precisely, if cryptocurrencies become the new global monetary standard, the total digital asset market cap could surge to between $100 trillion and $300 trillion or even more, and altcoins such as Shiba Inu could benefit from this growth. Shiba Inu Price Prospect If Crypto Becomes the Standard Currently, Shiba Inu price is trading at $0.00001178, up 2% over the past 24 hours. The 19th largest cryptocurrency by market cap would receive a fair share of its ecosystem boost if digital assets became the new standard, with its growing utility in the space as a key driver. Currently with a market dominance of 0.21%, Shiba Inu could claim up to 0.50% or 1% of this new crypto economy. Notably, Shiba Inu has surpassed this market share before, hitting 2.01% in October 2021 when it rallied to its all-time high of $0.00008845. Shiba Inu’s Market Cap If It Captures 0.50% to 1% of New Crypto Cap Essentially, we will project Shiba Inu’s new market cap if it captures 0.50% and 1% of the global crypto market’s $100 trillion and $300 trillion valuation.  For a 0.50% market share of a $100 trillion market cap, SHIB’s new cap would be $500 billion. However, a 0.50% dominance in a $300 trillion global crypto market valuation would culminate in a market cap of $1.5 trillion. However, things get more interesting if Shiba Inu captures only 1% of the hypothetically new market cap. Notably, 1% of a $100 trillion global crypto valuation would push SHIB’s market cap to $1 trillion, while attaining the upper $300 trillion range would push the token’s cap to $3 trillion. New Shiba Inu Price Targets Meanwhile, Shiba Inu has a circulating supply of 589.5 trillion, which is an important metric in determining its new price. An asset’s price is a function of its market cap divided by its circulating supply.  As a result, a $500 billion market, representing a 0.50% share of the global market’s $100 trillion cap, would see Shiba Inu’s price reach $0.00084. In contrast, the $1.5 trillion valuation at a 0.5% market dominance would result in a Shiba Inu price of $0.0025. However, a $1 trillion Shiba Inu market cap, representing a 1% share of a $100 trillion market cap, would push its price to $0.00169. Furthermore, a $3 trillion Shiba Inu market cap, equivalent to a 1% share of the $300 trillion valuation, will ensure that SHIB reaches $0.0050. Interestingly, these prices align with the expectations of Shiba Inu enthusiasts. In fact, they fall short of the price outlook of $0.01 and an ambitious $1 projected by a Shiba Inu team. Nonetheless, there are no guarantees that Shiba Inu will reach any of these price marks, as the crypto market remains largely unpredictable.