XRP News Today: Shiba Inu Price Surges 12.87% After Iran-Israel Conflict

Shiba Inu (SHIB) has mirrored the price movements of major cryptocurrencies, including XRP, over the past week. Both assets have responded to broader market conditions and geopolitical events, with a notable price decline on June 22 due to the escalation of the Iran-Israel conflict. XRP dropped to approximately $1.90 but has since recovered to around $2.19, reflecting a 15.2% increase from its low. Similarly, Shiba Inu fell to $0.00001010 and has since rebounded to approximately $0.00001153, representing a 12.87% rise.

XRP reached its price peak of $3.84 in January 2018, with a market capitalization of around $128 billion. However, a new all-time high for market cap was achieved in January 2025, when XRP reached a market valuation of $190 billion. This was despite the price being slightly lower, at approximately $3.34, due to an increase in the circulating supply resulting from ongoing token releases by Ripple through its escrow program.

As of its current price of $0.00001140, SHIB holds a market capitalization of roughly $6.71 billion. Assuming the circulating supply remains fixed at 589.25 trillion tokens, reaching XRP’s peak market cap of $190 billion would require a substantial increase. To match this valuation, SHIB’s market cap would need to grow by approximately 2,731%. At this level, the price per SHIB token would be around $0.0003224, representing a significant rise and establishing a new record high for the asset.

This price level is not entirely speculative. Several analysts and AI-based forecasting models have already projected similar targets for SHIB in the medium to long term. For instance, Himanshu Maradiya, affiliated with the CIFDAQ Blockchain Ecosystem, told Forbes that SHIB could trade between $0.0001 and $0.0003 by the end of the year, contingent on favourable market developments. Meanwhile, a panel of blockchain analysts featured by Finder expects SHIB to gradually appreciate, forecasting it may not reach the $0.0003 mark until between 2030 and 2035. Beyond that, they anticipate the token could eventually hit $0.0008543. In contrast, artificial intelligence models like Gemini and ChatGPT suggest a slightly earlier timeline. According to their projections, SHIB could trade around $0.0003 sometime between 2025 and 2026.

This analysis illustrates the price that Shiba Inu could theoretically reach if it attains the same market capitalization that XRP attained at its highest point. While $0.0003224 may seem ambitious, it is grounded in a logical extrapolation of market cap data and supply dynamics. Nonetheless, such projections rely on a range of factors, including market adoption, utility development, and overall investor sentiment. This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.