A market commentator predicts that #Shibalnu could see a 950% increase if the global cryptocurrency market cap reaches $10 trillion.

Crypto Market Gains Strength as Bitcoin Hits New Highs

The crypto bull market is gaining momentum as Bitcoin continues to set new all-time highs. Over the past five days, Bitcoin has consistently hit record levels, boosting altcoins like Shiba Inu.

In the last 24 hours, the global crypto market cap reached $2.62 trillion, marking a 4.6% increase and bringing in fresh capital of $120.8 billion. This growth coincided with Bitcoin reaching a new peak of $77,200 last night.

Cryptocurrency Market Cap Expected to Hit $10 Trillion

With the total cryptocurrency market cap now over $2.61 trillion, analysts are making bold predictions about the future of the market and the potential of top altcoins like Shiba Inu. Market commentator HorBull highlighted on X that the crypto market still has a long way to go, expressing confidence that a $10 trillion market cap is achievable in this bull cycle.

At a $10 trillion market cap, Bitcoin would likely represent around $5 trillion, which would bring Bitcoin’s price close to $250,000, given its dominance over the market.

This scenario would leave a market value of $5 trillion for altcoins. Currently, the altcoin market cap is around $1.2 trillion, suggesting HorBull expects an additional $3.8 trillion to flow into altcoins in the coming year, with this outlook significantly boosting Shiba Inu’s price potential.

Shiba Inu Price with a $10 Trillion Crypto Market Cap

According to HorBull, Shiba Inu could reach a price of $0.0002 if the global crypto market cap hits $10 trillion, effectively “removing a leading zero” from its current price. At its current price of $0.00001903, Shiba Inu has a market cap of $11.21 billion.

A price of $0.0002 would push Shiba Inu’s market value to approximately $118 billion. Some market experts, including Jake Gagain, believe Shiba Inu could exceed a $100 billion market cap during this cycle.

To reach $0.0002 from its current price, Shiba Inu would need a 950% increase, almost 10 times its current value.

Potential to Reach $0.0002 by Next Year

Several market experts agree that Shiba Inu could reach $0.0002 by next year due to its explosive growth potential. Some even suggest it could surpass this level during the current bull cycle.

Shiba Inu has already shown this potential earlier this year, surging 370% in less than two weeks during the first quarter.


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