🔥🔥🔥 Here’s #Shibalnu Price If Ethereum Surpasses $3T Market Cap
Shiba Inu Could See an 8x Surge if Ethereum Hits a $3 Trillion Market Cap
Shiba Inu, a popular altcoin, stands to gain significantly from bullish trends in the crypto market. Recently, Ethereum saw a resurgence, recapturing the $2,800 price point after a 7% weekend growth, which boosted its market cap to $333.11 billion. During this period, Shiba Inu also surged by approximately 15%, reclaiming the $0.000015 range for the first time in nearly a month, with its market cap rising to $9.2 billion.
Considering Shiba Inu's tendency to mirror Ethereum's upward momentum, there’s speculation about SHIB’s potential value if Ethereum's market cap reaches $3 trillion.
Shiba Inu’s Potential If Ethereum Reaches $3 Trillion
Currently, Ethereum trades around $2,692, with a market cap of over $334 billion. During its major bull run in November 2021, Ethereum peaked at roughly $4,800, pushing its market cap beyond $500 billion.
With Ethereum’s circulating supply at 120,298,357, a $3 trillion market cap would imply a market price of around $25,000 per $ETH , requiring an 800% increase.
If Ethereum achieves this milestone, Shiba Inu, currently priced at $0.00001477, could potentially see a similar 800% increase, bringing its value to $0.00013743. This would be a historic high for SHIB, surpassing its 2021 peak of $0.00008845 & driving its market cap to approximately $80.98 billion.
Could SHIB Surge Beyond 8x?
However, Shiba Inu could potentially exceed an 8x surge in a thriving market where Ethereum reaches a $3 trillion market cap. Historically, Bitcoin, the largest cryptocurrency by market cap, often commands more than three times the market cap of Ethereum. If Ethereum hits $3 trillion, Bitcoin could potentially reach a $10 trillion valuation, with its price nearing $500,000.
In a bullish market, Shiba Inu could see gains surpassing 800%, with potential for even higher growth based on its previous 884,400% increase.
Source - thecryptobasic.com
