Shiba Inu's Ascent To $1 Would Mean Exceeding Apple's Market Cap By A Staggering 213 Times
Portfolio Pulse from Mehab Qureshi
Shiba Inu's (CRYPTO: SHIB) market capitalization would reach $589.3 trillion if the price per token hits $1, exceeding Apple Inc.'s (NASDAQ: AAPL) market cap by 213 times. The Shiba Inu community is addressing the supply challenge through a token 'burning' process. Meanwhile, the locked value on Shibarium is currently $742,000, compared to the total locked value across various blockchains in the crypto ecosystem of approximately $37.51 billion.
September 13, 2023 | 11:13 am
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NEUTRAL IMPACT
Apple's market cap is used as a comparison to the potential market cap of Shiba Inu if its token price reaches $1. No direct impact on Apple's stock is expected from this news.
The news uses Apple's market cap as a benchmark to illustrate the potential size of Shiba Inu's market cap. However, this comparison does not directly affect Apple's business operations or its stock price.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 50
POSITIVE IMPACT
Shiba Inu's market cap could significantly increase if its token price reaches $1. The community is addressing the supply issue through a token 'burning' process.
The news directly pertains to Shiba Inu and its potential market cap growth. The token 'burning' process could potentially increase the token's price, positively impacting its market cap.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100