Shiba Inu community (SHIBs) has been waiting for the cent milestone. Certain analysts and investors seem to be more optimistic about the future of meme coin.
Bitcoin analysts YazanXBT.com and Jason Williams are confident that SHIB could reach 5-cents. SHIB, at the time of press, was trading for $0.00001336, a rise of 2.21% within 24 hours. The asset would need to increase by 374,151.5% in order to reach the 5-cent level.
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Shiba Inu Price Increase: Predictions and Possibilities
This may sound far-fetched but history proves otherwise. In less than one year after the 2020 Bitcoin half-discount, the Shiba Inu’s price soared 884 400%.
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Shiba Inu will reach 5 cents in the future
Williams claims Bitcoin surged Shiba Inu could reach $0.05 if Bitcoin reaches the startling price of $777,000 this season. Yazan, on the other hand, argued that SHIB will reach $0.05 in price if Bitcoin hits the staggering price of $777,000. Both experts confidently asserted that they believe SHIB will hit $0.05 during this market cycle of 2024–2025.
The Market Capitalization and Realistic Expectations
The real question, however, is whether this is even possible. Williams’ target of $250,000 for Bitcoin would translate to $5.25 Trillion in market capitalization.
Yazan’s proposed price of $777,000 still puts Bitcoin’s current market capitalization at approximately $16 trillion. For SHIB to reach the 5 cents mark with its current supply, the market value would surge to $29 trillion—more than that of Bitcoin, which seems unrealistic.
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Telegaon’s data suggests that Shiba inu only reaches this standard by the year 2040. Keep an eye out for further information!
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Source: watcher.guru