The article discusses the potential for Shiba Inu (SHIB) to reach a new all-time high if it captures 10% of Bitcoin's market cap. Currently, SHIB has a market cap of $10.9 billion, which is only 0.8% of Bitcoin's $1.335 trillion valuation. The closest SHIB has come to catching up to Bitcoin's market cap was during its 2021 rally when it reached 3.4% of Bitcoin's valuation. However, SHIB has not been able to recapture those levels due to the absence of an altcoin season in the current bull cycle. If SHIB were to capture 10% of Bitcoin's market cap, its price could reach a new all-time high. This would require a growth rate of 1,124%, which some analysts believe is feasible for the token.
- Content Editor ( thecryptobasic.com )
- 2024-10-22
Here’s Shiba Inu Price if It Sees Only 10% of Bitcoin Market