The cryptocurrency world is full of surprises, and speculating on which crypto will reach a certain price point first is a popular pastime for many enthusiasts. Two of the most talked-about coins in recent times are XRP and Shiba Inu (SHIB). Let’s dive into the numbers to determine which of these might hit the $1 mark first and which offers a 10x ROI. Let’s take a look at this Shiba Inu vs. XRP article in more detail.
XRP current status
- XRP Current Price: $0.5206
- 7-Day Growth: 8.84%
- Market Cap: $27,685,339,640
XRP’s Journey to $1
For XRP to reach $1 from its current price of $0.5206, it would need an increase of approximately $0.4794, which is about 92% of its current value.
To calculate the potential price increase, you can use the formula: (Target price – Current price) / Current price = Required percentage increase
Thus: (1 – 0.5206) / 0.5206 = 0.9203 or 92.03%.
Required Market Cap for $1
If XRP hits $1, its market cap would approximately double to reach around $55.37 billion.
$1/$0.5206 \times $27,685,339,640 \approx $55,370,679,280
XRP’s Journey to 10x ROI
For a 10x return on XRP, the price would need to reach $5.206.
Shiba Inu Overview
- Current Price: $0.000007381
- 7-Day Growth: 2.95%
- Market Cap: $4,349,799,111
Shiba Inu’s Journey to $1
For SHIB to reach $1, it would need an astronomical increase from its current price.
Using the same formula as above: (1 – 0.000007381) / 0.000007381 = 13,556,317.5%
This means SHIB would need to grow by over 13.5 million percent from its current value to reach $1.
Required Market Cap for $1
To reach $1, SHIB’s market cap would need to climb to approximately $589 trillion. $1/$0.000007381 \times $4,349,799,111 \approx $589,536,080,000,000
Shiba Inu’s Journey to 10x ROI
For a 10x return on SHIB, the price would need to hit $0.00007381. A 10x ROI would put SHIB at $0.00007381 and a market cap of around $43.5 billion.
$0.00007381/$0.000007381 \times $4,349,799,111 \approx $43,497,991,110
Shiba Inu vs. XRP: Comparative Analysis
Based on the current prices and required percentage growth:
Journey to $1:
- XRP would need a 92% price increase.
- SHIB would need a 13.5 million percent price increase.
Clearly, between the two, XRP is much closer to reaching the $1 mark than SHIB, and it is statistically and logically more likely that XRP would reach $1 before Shiba Inu does.
Shiba Inu vs. XRP: Journey to 10x ROI:
- For XRP to provide a 10x return, it would need to reach $5.206, representing a 10x increase from its current price.
- For SHIB to offer a 10x return, its price would only need to go up to $0.00007381.
In terms of a 10x ROI, SHIB requires a smaller percentage increase in comparison to its current price than XRP does.
Conclusion
In this Shiba Inu vs. XRP analysis, if we’re strictly talking about reaching the $1 milestone, XRP appears to be in a more favorable position. However, for those looking at a 10x ROI, Shiba Inu might seem more enticing due to the smaller required percentage increase, although the volatility and unpredictability of the cryptocurrency market make any investment inherently risky. As always, investors should conduct their research and consult with financial advisors before making investment decisions.
