Shiba Inu could remove one more leading zero from its price, soaring to a new all-time peak if it reaches just 1% of gold’s market cap. The broader crypto market has continued to weather the bearish storm amid macroeconomic uncertainties, and Shiba Inu has not been spared in the onslaught. From December 2024 to March 2025, the second-largest meme coin witnessed four consecutive months of price declines for the first time since mid-2023. Shiba Inu Sentiments Bullish Despite Price Drop Further, Shiba Inu is also witnessing a mild drop this month, April 2025, with a 1.66% decline. If the asset closes April red, this would mark its first five straight months of losses in history. Amid this price downturn, Shiba Inu’s price has managed to maintain the $0.000012 level. Interestingly, positive sentiments have also been on the high side despite the ongoing market turbulence. Data from CoinMarketCap indicates that bullish Shiba Inu community sentiment currently sits at 87% after a recent upsurge. Shiba Inu Sentiments | CoinMarketCap Notably, this increase in bullish sentiments has been the result of optimism around Shiba Inu’s potential and ambitious price projections for SHIB following its recovery from the current bearish situation. For one, an analyst recently suggested a run to $0.000173 could materialize following the recovery. However, the extent of Shiba Inu’s price upsurge remains to be seen due to several market factors, including demand, hype, and the broader crypto market direction. As a result, The Crypto Basic recently assessed what its price could reach if it captured just a fraction of gold’s market cap, particularly 1%. Shiba Inu Price if It Captures 1% of Gold Market Cap For context, the precious metal currently boasts an impressive valuation of $22.437 trillion, making it the largest asset globally. Notably, 1% of this figure translates to $224.3 billion, which would mark an unprecedented market cap for Shiba Inu. The meme coin’s peak market cap stood at $38 billion, attained in October 2021, when it hit the ATH of $0.000088. Essentially, if Shiba Inu captures 1% of gold’s market cap, its valuation would soar to $224.3 billion. This represents an addition of $217.13 billion in market cap, considering SHIB’s current valuation of $7.17 billion at press time. Juxtaposing this against the current circulating supply of 589 trillion tokens leads to a price of $0.0003686 per SHIB. Expectedly, this represents a new all-time high for the high-value meme coin and would make it the second-largest crypto asset by market cap at current prices. Interestingly, several analysts already believe in Shiba Inu’s potential to hit the $0.0003 to $0.0004 region. For instance, in July 2024, Forbes called attention to Shiba Inu price predictions, suggesting the asset could claim $0.0003 in this bull run. Last December, analyst CryptoELITES predicted a possible price spike to $0.00047, citing what appears to be a double-bottom structure. Meanwhile, according to analysts at crypto exchange Changelly, Shiba Inu could actually reach the $0.00036 price in June 2033. However, Telegaon has a more bullish outlook for the meme coin. The platform suggests a run to the $0.00036 level could materialize as early as 2029.