Shiba Inu Price Prediction as SHIB Overtakes Bitcoin Cash – $1 SHIB Possible?
Long-term Shiba Inu (SHIB) price predictions have become increasingly bullish in wake of its insane late-February to early-March pump, that saw it more than 4x within days and reach a market cap above that of Bitcoin Cash (BCH).
Last at $0.0000269, SHIB has a market cap in the region of $16 billion. Bitcoin Cash’s market cap, meanwhile, was last just above $13 billion.
Whilst its pulled back 40% from March’s highs at $0.000045, SHIB is still 2.5x up on the year.
A sudden surge in meme coin risk appetite as Bitcoin hit fresh all-time highs a month ago was the catalyst.
Bitcoin (BTC) nearly hit $74,000 in March in wake of January’s approval of spot Bitcoin ETFs in the US. Needless to say, this launch has gone on to be the most successful ETF launch of all time.
While Bitcoin may be back at record highs, the Shiba Inu price still has a long way to go. It nearly hit $0.00009 back in 2021, and is still down 70% versus these levels.
So SHIB could possible still be on course for 3x gains from here this bull market. Or more, depending on if meme coin mania can surpass its insane peak from 2021.
Either way, long-term Shiba Inu price bets are set to remain bullish.
$1 SHIB is possible, but only if the team decides to erase some zeros from the total supply.
At the current price of $0.000027, SHIB would need to nearly 40,000x to get to $1.
That would involve its market cap reaching an impossible $640 trillion, which is probably more than the value of all assets on the planet summed.
A quick look at the SHIB chart suggests the Shiba Inu price is probably headed for a retest of mid-March lows in the $0.000024 area.
That is a strong support zone, with the 50DMA also coming into play.
Shiba Inu Price Prediction as SHIB Overtakes Bitcoin Cash – $1
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