CandleFocus Can Shiba Inu Hit $0.0001 or $0.001 if It Reaches a $100B Market Cap
2024-10-31
Author: Content Editor
The article discusses the potential for Shiba Inu, a meme coin, to reach new heights in terms of its market cap. Despite skepticism from some market commentators, there is optimism among investors as Shiba Inu has had impressive performance, outperforming industry giants like Bitcoin and Ethereum. Several market experts have predicted ambitious price targets for Shiba Inu, with some suggesting it could reach $0.00017 or even $0.001. However, others doubt these targets can be achieved due to the resulting market cap and the need for significant capital. Currently trading at $0.00001866, Shiba Inu would need to rally 436% to reach $0.0001 and 5,259% to reach $0.001. Despite this, there is still potential for Shiba Inu to claim a $100 billion market cap, which could result in a price close to the $0.00017 target. However, achieving the more ambitious $0.001 target would require a market cap higher than that of Ethereum.
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