A notable market expert, Oscar Ramos believes that there will be a three-figure billion-dollar estimation of the second largest memecoin.
Another market expert, Joke Gargain has so far said that Shiba Inu will touch the $100 billion mark, and if it fails to do so, then the admin will delete its social media account, X.
All the market experts are eagerly waiting for the event to occur as soon as possible.
The second largest memecoin by market capitalization, Shiba Inu (SHIB) has performed well in the last few days. In the last day, it has gone up by 10.36%, and about 53% in the past week.
The memecoin has outperformed almost every asset in the top ten crypto ranking. The aggressive gain of Shiba Inu has reached a valuation of about $15.3 billion. After attaining this, Shiba Inu has shifted two places upwards in the crypto ranking as per the market capitalization.
It has also overturned Tron, a significant altcoin, and TonCoin, the native cryptocurrency of the Open Network (TON) to make its place in the top ten ranking in between expanding momentum of the crypto industry.
Going through the dramatic increase in the price, in the last weekend, some prominent market experts have speculated about the upcoming price action of Shiba Inu (SHIB).
What does the expert say?
A notable market expert, Oscar Ramos believes that there will be a three-figure billion-dollar estimation of the second largest memecoin.
On November 10, the market expert Ramos took to a social media platform, X, and posted that the leading memecoin, Shiba Inu will gain a market capitalization of about $100 billion in the coming future.
He further went on to say that the upward movement of Shiba Inu in the last week clearly backs his statement.
It is noteworthy that the anticipation of the market capitalization is around 165% of the peak market capitalization of the leading memecoin of around $37.81 billion. This mark was touched by Shiba Inu in October 2021.
At the same time, the market capitalization of SHIB would increase astonishingly by 554% as compared to its recent $15.3 billion estimation to at least touch the $100 billion mark, as anticipated by Oscar Ramos.
The tremendous belief in the memecoin
It is very interesting to note that if Shiba Inu attains a $100 billion market capitalization, then it will highly influence the price and will skyrocket. As of now, the circulating supply stands at 589T SHIB, and its worth will be about $0.0001697 if the anticipated market capitalization is attained. At press time, Shiba Inu is 5.83% up in the last 24 hours and is currently trading at $0.0000274.
Another market expert, Joke Gargain has so far said that Shiba Inu will touch the $100 billion mark, and if it fails to do so, then the admin will delete its social media account, X. Like him, many other analysts and market experts believe the same. And they all are eagerly waiting for the event to occur as soon as possible.
