Shiba Inu could breach the $0.00014 price level if it trails Ethereum price in the event that ETH clinches the $22,000 target predicted by VanEck.

VanEck Sees Ethereum at $22,000 by 2030

For context, leading asset manager VanEck recently adjusted its outlook for Ethereum, proposing a possible six times increase in price per unit and a $66 billion cash flow. As reported by The Crypto Basic, VanEck’s latest projection was fueled by the recent approval of spot Ethereum ETFs by the U.S. SEC.

With these investment products poised to introduce greater capital to the Ethereum market, industry experts believe this development could bolster Ethereum’s price, triggering a spike to greater heights. This phenomenon was recently observed with the recently-introduced spot Bitcoin ETFs, which have seen a cumulative net inflow of $15.69 billion since January.