Famous investor Jake Gagain remains confident about the future performance of Shiba Inu (SHIB) despite its recent lack of significant price gains. Gagain expressed his bullishness on SHIB in a tweet, indicating that he anticipates a significant price uptick for the cryptocurrency. This optimism may be influenced by the various updates and developments within the Shiba Inu ecosystem, including the introduction of a play-to-earn game, DAO, metaverse, non-fungible tokens, layer-2 blockchain, and decentralized exchange. Additionally, a burn portal called ShibTorch has been introduced to reduce SHIB's circulating supply. Gagain's statement comes after a decline in SHIB's price, triggered by weak ISM Manufacturing data that affected the broader financial markets, including cryptocurrencies. Despite this, Gagain projects that SHIB will reach a market cap of $100 billion before the 2024/2025 cycle ends, surpassing Dogecoin. Currently trading at $0.00001311 with a market cap of $7.74 billion, SHIB's market cap would need to increase by 1,191% to achieve the $100 billion target. This potential rally could lead SHIB to a new all-time high of $0.00016925. The $0.0001 target has also gained popularity within the Shiba Inu community, with various experts speculating that SHIB could reach this price level during the current cycle.



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