CandleFocus Here’s How High Shiba Inu Could Go if BTC Market Cap Hits VanEck’s Projection of $61T
2024-09-09
Author: Content Editor
According to VanEck, if Bitcoin reaches a market cap of $61 trillion by 2050, Shiba Inu (SHIB) could reach a new all-time high. Bitcoin's recent decline in price has disappointed some investors, but VanEck predicts a massive surge in Bitcoin's value over the next 26 years, which could impact the altcoin market, including SHIB. Shiba Inu's price has closely followed Bitcoin's movements, and if this correlation continues, a rise in Bitcoin's price could result in a similar rally for SHIB. VanEck's projection of a $61 trillion market cap for Bitcoin could lead to a valuation of $436.05 billion for SHIB, marking a significant increase from its current level. However, achieving this target may be challenging due to SHIB's large supply. Nevertheless, with initiatives like the SHIB burn campaign, SHIB could make further progress towards its goals.
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