CandleFocus Expert Predicts $100B Market Cap For Shiba Inu With High Stake Bet, Here’s New SHIB Price Projection if This Happens
2024-10-17
Author: Content Editor
Prominent cryptocurrency expert Jake Gagain has made a bold prediction about the future market capitalization of canine-themed token Shiba Inu (SHIB). Gagain projects that SHIB will reach a market cap of $100 billion and has promised to delete his X account if it fails to hit this target. Gagain's confidence in SHIB's prospects could be attributed to positive developments within the Shiba Inu ecosystem, including increased SHIB burns, widespread adoption, and the token's transition from a memecoin to a utility token. The recent partnership with Mass Finance Inc. is expected to further elevate SHIB's utility. Gagain did not set a timeframe for SHIB to reach the $100 billion valuation but has made similar forecasts in the past. Hitting this market cap would require a significant surge in SHIB's price. Currently trading at $0.00001824 with a market cap of $10.74 billion, SHIB would need its valuation to increase by 830.72%. Several analysts are optimistic about SHIB's potential and have also forecasted a $100 billion market cap or a price target of around $0.00016.
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