Ethereum ETF is currently the most sought-after element in the cryptocurrency space. As the process goes smoothly, the approval of the Ethereum ETF will be a huge boon to cryptocurrencies, pushing ETH to new highs. At the same time, investors are also optimistic about Shiba Inu hitting new highs after the approval of the ETH ETF, as SHIB is one of the most promising tokens on the Ethereum chain.

Shiba Inu Price Prediction After Ethereum ETF Approval- 100x SHIB Rise?

Coinpedia Markets, a well-known cryptocurrency analysis platform, believes that SHIB can rise 100 times once the Ethereum ETF is approved by the SEC. The popular analysis platform shared the latest news on X and added an exhaustive list of tokens that have the potential to skyrocket once the ETH ETF is approved.

The analysis shows that if SHIB surges to 10x levels, its price will surge to $0.000167. If the token successfully surges 100x, SHIB’s current value will reach a price level of $0.001679.

Additionally, the token has been predicting that some tokens will be able to rise to new highs after the ETH ETF is approved. The list includes Pepe, Toncoin, Render, Ondo, SHIB, and Turbo, among others.

Shiba Inu July Forecast: How high will Shiba Inu's trading price be this month?

New predictions of SHIB hitting the $0.0016 price mark have created a flurry of excitement in the cryptocurrency space. Shiba Inu’s lead developer, Shytoshi Kusama, is also stepping up efforts to simplify SHIB by giving it interactive tours around the world.

According to Changelly, July seems to be a good month for SHIB as the token may soon catch up and recover its lost valuation this month.

Changelly predicts that the token’s price will reach $0.0000269 by the end of July 2024.

“Cryptocurrency experts have analyzed the Shiba Inu price in 2024, so they are ready to provide the estimated transaction average for July 2024 – 0.0000269 USD. The minimum and maximum SHIB rates can be 0.0000168 USD and 0.0000371 USD.”

With the rapid surge in Shiba Inu burns, the token may seek a stable price value sooner than the scheduled timeline.