Are you curious about how much Shiba Inu ($SHIB ) could grow if an ETF is approved? Let’s explore the potential market cap growth, price predictions, and key levels to watch.

Recent Growth and ETF Speculation

Recently, #Shibalnu has performed very well, with its price increasing by 33.5% over the past 30 days. SHIB has broken out of a bullish reversal, and the market is speculating that it could rise even further, fueled by rumors of a potential #shiba⚡ Inu ETF. But how high could SHIB’s price go if an ETF is approved?

The Price Potential of SHIB with an ETF Approval

Shiba Inu has become one of the most surprising tokens in the crypto space, showing that the impossible can indeed become possible. Therefore, considering the possibility of a SHIB ETF isn’t far-fetched. After speculation on Wall Street about a SHIB ETF, hopes in the crypto market have surged.

If SHIB ETF were approved, we could expect a significant price increase. Looking at the performance of existing #bitcoin☀️ and #etherreum ETFs, a spot Bitcoin ETF has attracted a total of $18.72 billion since January 10. This influx has resulted in an average net monthly inflow of $2.34 billion. At this rate, Bitcoin ETF inflows could reach $25 billion by December.

Possible Market Cap and SHIB Price

If Shiba Inu ETF captured similar inflows as Bitcoin ETFs, SHIB’s market capitalization could rise by $250 billion, based on Bank of America’s (BoA) 1:10 multiplier.

This would push SHIB's total market cap to approximately $260.3 billion, placing it just below Ethereum in CoinGecko’s rankings. At this market cap, Shiba Inu's price could surge to $0.0004414, assuming the #SHIBburn process halts. This would represent a 2400% increase from its current price.

Can SHIB Reach $0.00044?

Currently, SHIB has broken out of a descending channel, signaling a potential reversal from the bearish trend. This suggests that the price could move higher and enter a bullish phase.

Based on the measured move target from the channel breakout, SHIB is expected to rise to around $0.00002200–$0.00002300, where it will meet its first major resistance. This would be a 125% increase from the current price.

From there, SHIB would aim to retest its all-time high of $0.00008854, representing a 284% increase from this key resistance. Price predictions show that, given the milestones SHIB has achieved since its inception, such a price level could be reached. However, for SHIB to jump to $0.00044, it would require significant and sustained trading volume, which an ETF approval could provide.

Downside Risks

Currently, SHIB is struggling to stay above the descending channel, but if bears push the price below $0.000014, this would invalidate the current bullish outlook. In that case, Shiba Inu’s price would likely find lower support around $0.000011 and $0.0000083.

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