Trader Predicts A 44,000% Rally For $SHIB - CoinPedia Analytics

Shiba Inu (SHIB) has dropped by 10.5%, but it remains popular for its potential massive gains. A crypto analyst predicts SHIB could see a 44,000% rally, similar to its first price surge. If SHIB breaks out of its current consolidation phase, meme coins might lead the next bull cycle, pushing the price to $0.00726.

A 44,000% increase would bring SHIB's market cap to $4.268 trillion, but this is unlikely unless the token's burn rate increases. SHIB's massive circulating supply of 589 trillion tokens makes a market cap of that size unrealistic, though a significant burn could enable price growth without destabilizing the market.

SHIB has already surged 43% in the past nine days, fueled by increased on-chain activity and trading volume, which reached 1.19 billion. As October begins, historically bullish for crypto, experts are watching for continued SHIB growth, though a local price top could be near due to rising hype.