Shiba Inu (SHIB) Potential Price In a $45B Market Cap Scenario
Main Idea
Analyst Jake Gagain predicts Shiba Inu (SHIB) could reach a $45 billion market cap by the end of 2025, implying a 516% price surge from current levels.
Key Points
1. Shiba Inu's current market cap is $7.3 billion, with a recent 1.58% weekly decline and 20% drop over two weeks.
2. Jake Gagain projects SHIB could hit a $45 billion market cap by end of 2025, a 516% increase from its current valuation.
3. If SHIB reaches $45 billion, its price could rise to approximately $0.00007636, nearing its all-time high of $0.00008845 set in 2021.
4. Gagain also forecasts other meme coins: Dogecoin ($87B), PEPE ($32B), PENGU ($25B), BONK ($18B), and BRETT ($12.5B).
5. SHIB previously peaked at $39.3 billion in October 2021 but has not surpassed $45 billion.
Description
Shiba Inu has recently seen a decline in price and market position, falling to the 22nd largest cryptocurrency by market capitalization. Currently, SHIB’s market valuation stands at around $7.3 billion, following a 1.58% decline over the past week and a 20% drop over the last two weeks. This performance reflects a broader trend across the crypto market, with Bitcoin also down 1.24% in the same seven-day period and XRP struggling to stay above the $3 level. Analyst Projects SHIB to Hit $45B Marke...
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