A Recorded 2021 Shiba Inu High Implies $50.77 Billion Market Cap
Photo: TokenPost
Shiba Inu (SHIB) would have an implied market capitalization of about $50.77 billion at a recorded 2021 high of $0.00008616, using the 589.238 trillion tokens in an Oct. 29 snapshot. That is about 17.3 times SHIB’s $2.928 billion market capitalization in that snapshot. The calculation combines a historical price with the supply in the Oct. 29 snapshot. It describes a hypothetical valuation, not a forecast or an estimate of how much cash would need to enter the market. Market capitalization is calculated by multiplying a token’s price by its circulating supply. Historical price records differ on SHIB’s high.
Source: TokenPost
