Crypto analyst Zach Humphries predicts that Shiba Inu's market cap could increase tenfold, reaching an extraordinary $100.7 billion. He suggests that Shiba Inu's good brand recognition in the meme coin space and its historical performance, particularly in 2021, could attract new investors and drive its price upward. Additionally, Humphries highlights the impact of Shiba Inu's Layer-2 blockchain Shibarium, which could reduce the circulating supply of SHIB through burns, attracting more investors. He also notes the correlation between Shiba Inu and Ethereum, suggesting that a surge in Ethereum's price could positively influence Shiba Inu's performance. However, Humphries warns that his analysis should not be considered financial advice.
- Content Editor ( thecryptobasic.com )
- 2024-11-05
Analyst Explains How Shiba Inu Can Surge 10x