If Ethereum reaches a market cap of $3 trillion or trades at $25,000, the price of the Shiba Inu could increase more than eightfold.
Shiba Inu remains one of the most popular cryptocurrencies in the altcoin market, and the bull run has been a boon to it. Recently, Ethereum reclaimed the long-lost $2,800 price point after a weekend gain of about 7%, raising its market cap to $333.11 billion.
During this period, the Shiba Inu surged by about 15%, climbing from $0.00001405 to reclaim the $0.000016 range for the first time in nearly four weeks. In addition, the market capitalization of SHIB expanded to $9.2 billion on Saturday. Given that the Shiba Inu tends to follow Ethereum's bullish trends, this article explores interesting scenarios for the potential value of SHIB if Ethereum's market capitalization reaches $3 trillion. If Ethereum's market capitalization exceeds $3 trillion, the price of the Shiba Inu is trading at around $2,772 on Ethereum at press time, with a market capitalization of over $334 billion. During the major bull run in November 2021, Ethereum peaked at around $4,800 and had a market capitalization of over $500 billion.
With 120,298,357 Ethereum in circulation, a $3 trillion market cap would imply a market price of around $25,000 per ETH. This scenario would require Ethereum to rise by about 800%. Given that Shiba Inu tends to benefit from bull runs, its value could rise significantly if Ethereum reaches a $3 trillion market cap or trades at $25,000. Currently priced at $0.00001527, an 800% increase at Ethereum's projected growth rate could push SHIB to $0.00013743.
Notably, this price point would mark the all-time high price point for the meme coin, as SHIB peaked at $0.00008845 in 2021. Additionally, this growth would push Shiba Inu’s market cap to approximately $80.98 billion.
Why SHIB may see more than 8 times growth
However, it is worth noting that in a boom market scenario where Ethereum achieves a $3 trillion market cap, the Shiba Inu price could experience more than 8x growth.
Bitcoin, the largest cryptocurrency by market cap, is typically more than three times the market cap of Ethereum, so if Ethereum is valued at $3 trillion, Bitcoin could be valued at around $10 trillion, with a unit price of nearly $500,000.
In such a strong market, a meme coin like Shiba Inu could rise by more than 800%. In the last bull run, Shiba Inu surged by more than 884,400%.
