Shiba Inu lead Shytoshi Kusama has reposted a prediction arguing the cryptocurrency could hit a $100 billion market cap
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Kusama reposted a statement arguing that the second-largest meme coin could reach a $100 billion market cap this cycle. Shiba Inu has been on a rollercoaster ride over the past week, gaining more than 200% and vastly outperforming other major cryptocurrencies. According to the latest data from IntoTheBlock, SHIB's current price stands at $0.000035, experiencing a 5.84% increase over the past 24 hours. Impressively, 73% of SHIB holders are making money at the current price, with a large holder concentration also at 73%. SHIB has maintained a strong price correlation with Bitcoin at 0.79. With SHIB currently valued at $15.3 billion, it sits as the 11th largest cryptocurrency, behind rivals such as Cardano and Dogecoin .
For SHIB to reach the illustrious $100 billion mark, it would have to record a monumental increase in value. Specifically, it would need to appreciate by approximately 553%, a feat that would require substantial market demand and investor confidence to be achieved.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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