Several analysts expect most altcoins to capitalize on the upcoming season to outperform #Bitcoinâ $BTC
while securing massive gains. If Shiba Inu leverages this run to capture just 10% of Bitcoinâs market cap, its price could reach a new all-time high.
For context, 10% of Bitcoinâs current market cap sits at $133.5 billion. For #ShibaInu: to reach this level, its market cap would need to grow by about $125 billion. However, should this occur, this would bring SHIBâs price to $0.0002266 per token, considering the circulating supply of 589 trillion tokens.
With Shiba Inu currently trading for $0.00001850, a spike to $0.0002266 would demand a growth rate of 1,124%. Notably, multiple analysts believe this is a feasible projection for the dog-themed token. Market watcher Valeriya predicted in June that $SHIB
could rally to $0.00022, a 10x surge at the time.
