If this happens, the Shiba Inu price will rise by 44,000%

Shiba Inu prices were affected like the rest of the market, falling by as much as 10.5% to around $0.00001652. But the memecoin is still popular in the crypto community for its potential for huge gains. One top trader predicts that SHIB prices could rise by 44,000% if certain conditions are met.

If Shiba Inu prices surge by 44,000%

A crypto analyst and former member of the IBM blockchain team predicts that Shiba Inu may be about to enter a 44,000% bull run. The trader points out that SHIB's first price increase was also a 44,000% increase. This historical performance provides a precedent for what will happen after breaking out of the current long-term consolidation area.

According to the trader, the memecoin could lead the crypto market into the final stage of this bull run. A 44,000% increase from the current price would mean SHIB would rise to $0.00726.

Memecoins may lead the next cycle

Memecoins are attractive due to strong community support and virality. For example, Degen (Base) (DEGEN) and io.net (IO) have the potential to be listed on Coinbase, but their price reactions are different. DEGEN soared more than 24% in less than 100 hours, while IO's price fell 14.9%. The difference lies in the community. The combination of technical model and community enthusiasm makes Shiba Inu worthy of close attention.

Can SHIB reach $0.00726?

Shiba Inu currently has a market value of 9.7 billion. A 44,000% increase means a 440-fold expansion of the market value to $4.268 trillion. SHIB's market value is only 0.42% of the crypto market. To expand to more than $4 trillion, the total value of the crypto industry needs to grow to $1 trillion. At that time, Bitcoin's market value will reach $542 trillion and the price will soar to about $27 million.

While a $4 trillion market cap is unlikely, a 44,000% increase is possible if the SHIB burn rate increases. Because Shiba Inu has over 589 trillion tokens in circulation, it is easy for the market cap to become too large. If this number is significantly reduced, the Shiba Inu price prediction suggests that SHIB could easily surge 440 times without disrupting the global money market supply. However, according to the ShibBurn platform, the burn rate has dropped by 24% in the past 92 hours.