Shiba Inu could see its price increase more than eight times if Ethereum reaches a market cap of $3 trillion or trades at $25,000.
Shiba Inu remains one of the most popular cryptocurrencies in the altcoin market, which is enjoying a bull run. Recently, Ethereum recovered its long-lost price of $2,800 after growing by about 7% over the weekend, raising its market cap to $333.11 billion.
During this period, Shiba Inu SHIB stock jumped about 15% from $0.00001405 to $0.000016 for the first time in nearly four weeks. Additionally, SHIB’s market cap hit $9.2 billion on Saturday.
Given Shiba Inu’s tendency to follow Ethereum’s bullish trends, this article explores the intriguing scenario of SHIB’s potential value if Ethereum’s market cap reaches $3 trillion.
Shiba Inu Price If Ethereum Surpasses $3 Trillion Market Cap
At press time, Ethereum is trading at around $2,772, with a market cap exceeding $334 billion. During its surge in November 2021, Ethereum peaked at around $4,800, pushing its market capitalization to more than half a trillion dollars.
With a circulating supply of Ethereum at 120,298,357, a market cap of $3 trillion would imply a market price of around $25,000 per ETH. This scenario would require Ethereum to increase by around 800%.
Since Shiba Inu tends to benefit from bull markets, its value could increase significantly if Ethereum reaches a market cap of $3 trillion or trades at $25,000. Currently priced at $0.00001527, an 800% increase in line with Ethereum’s projected growth could propel SHIB to $0.00013743.
It is worth noting that this price would mark an all-time high price for the meme coin, as SHIB peaked at $0.00008845 in 2021. Additionally, this increase would also bring Shiba Inu’s market capitalization to approximately $80.98 billion.
Why SHIB Could Surge More Than 8x
However, it is worth noting that Shiba Inu could see an increase of more than 8X in a booming market scenario in which Ethereum reaches a market cap of $3 trillion.
Bitcoin, the largest cryptocurrency by market cap, is typically more than three times the market cap of Ethereum. So, if Ethereum were to reach a valuation of $3 trillion, Bitcoin could potentially have a valuation of around $10 trillion, which would bring its unit price to nearly $500,000.
In such a robust market, meme coins like Shiba Inu could potentially surge well beyond 800%. During the last bull cycle, Shiba Inu skyrocketed by more than 884,400%.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
