What If Elon Backed Shiba Inu? This Is What SHIB Price Could Look Like

Shiba Inu and Elon Musk have frequently been linked, largely due to Musk's influence on meme-based cryptocurrencies.

While the Tesla and SpaceX CEO has shown support for Dogecoin and other tokens like Floki, he has yet to directly acknowledge SHIB.

A recent tweet by TheCryptoBasic explores the potential SHIB price surge if it were to match Musk's estimated net worth of $409 billion.

The tweet, shared on X, presented a price projection that has garnered considerable attention within the cryptocurrency community.

Although Musk's public endorsements have previously propelled assets like Dogecoin to record highs, his silence on SHIB remains a prominent topic among its supporters. Nevertheless, speculation persists regarding how a valuation tied to Musk's wealth could impact SHIB's price.

Price Projection Based on Elon Musk’s Net Worth

According to TheCryptoBasic, if SHIB's market capitalization were to equal Elon Musk's $409 billion net worth, each token could be valued at approximately $0.0006941.

This projection is based on SHIB's current circulating supply of 589.25 trillion tokens. With SHIB trading at $0.00001161 at the time of writing, this increase would represent a growth of approximately 5,879%.

Price of 1 #ShibaInu Could Reach $0.0006941, if #SHIB Matches Elon Musk’s Net Worth. pic.twitter.com/RU5bNuW5wE— TheCryptoBasic (@thecryptobasic) June 19, 2025

SHIB's current market capitalization is around $6.84 billion, significantly lower than Musk's estimated wealth. This valuation ranks the token as the 19th-largest cryptocurrency by market cap.

It's also well below top-ranking assets like Bitcoin and Ethereum. If SHIB's market cap were to grow to match Musk's fortune, it could potentially become the second-largest cryptocurrency, assuming the valuations of other tokens remain constant.

SHIB Performance and Historical Context

Shiba Inu has consistently been categorized as a meme coin. Launched in August 2020, it has cultivated a dedicated community.

Despite its large circulating supply, the project has maintained a position within the top 20 cryptocurrencies by market cap. Past efforts to engage Musk have included public tweets from the Shiba Inu development team.

Lead developer Shytoshi Kusama has tagged Musk in several posts, attempting to associate the project with Musk's interests.

One attempt even involved captioning a storm-themed dog image with the word "SHIB." However, none of these campaigns have elicited a public response from Musk.

Analyst Predictions for Future Price Levels

Several forecasts suggest the possibility of SHIB reaching price levels close to those tied to Musk's hypothetical market cap match.

Forecasting platforms such as Changelly and Telegaon estimate that SHIB could reach between $0.0006 and $0.00069 within the next five to ten years.

Changelly projects that SHIB could hit the $0.00069 price point by September 2034. Telegaon provides a slightly earlier outlook, expecting the token to reach the $0.0006 milestone by 2030.

Community members, like Davie Satoshi, believe SHIB could climb to around $0.0006753 in the near future. While optimistic, this remains a speculative outlook.

Community Engagement and Speculative Growth

Despite the absence of direct support from Musk, SHIB continues to exhibit strong community activity. Supporters have long believed that any level of engagement from the billionaire could trigger a significant price rally.

Dogecoin's surge following Musk's endorsements in 2021 is often cited as an example. Currently, SHIB's valuation remains highly speculative.

The projection based on Musk's net worth serves as a theoretical scenario rather than a guaranteed outcome. However, the discussion surrounding this price point highlights the growing attention SHIB continues to receive within the crypto space.

TheCryptoBasic's tweet has reignited debate on SHIB's long-term potential and the potential influence of high-profile figures on the token.

While Musk has remained uninvolved, the SHIB community remains vocal about the possibilities that could arise from any future mention.