This news content discusses the current state of Shiba Inu (SHIB), the second-largest meme coin by market cap. It highlights that SHIB's market cap and price have faced a significant decline during the broader market drawdown. Despite this, there is still confidence in Shiba Inu's long-term potential, with some analysts projecting price targets ranging from $0.000473 to $0.0001553. The article suggests that the current situation presents an attractive opportunity to invest in Shiba Inu at lower prices. It further explores the potential returns if SHIB were to reach the market cap of a top 3 asset like XRP, estimating a potential 1,527% return on investment. However, it also notes that claiming a $161 billion market cap for Shiba Inu remains speculative at the time of reporting.



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