A crypto trading expert has made a bold prediction about the token’s market capitalization – Shiba Inu (SHIB). He predicted that the market capitalization of the token could grow to 1 trillion. This is a crazy thought, but a little less crazy when you see the SHIB community implementing various initiatives to increase the usefulness of the memecoin.
Crypto expert Casey Stubbs predicted in a post that SHIB is likely to experience an influx of capital, based on the expected impact of SHIB’s layer-2, Shibarium. This scaling solution could potentially lift the token’s market cap to $1 trillion.
The Shibarium platform is designed to improve the efficiency and scalability of the SHIB ecosystem. Shibarium has been central to numerous developments aimed at expanding SHIB’s utility and its adoption.
If SHIB were to reach a market cap of $1 trillion, the token would likely trade around $0.0017, representing a price increase of 8,395.75%. While the forecast of a $1 trillion market cap for SHIB is ambitious, it reflects optimism and hope among SHIB supporters.
The price of SHIB is currently around $0.00002, which is a decline of 14% from the previous week. Throughout the week, SHIB has shown significant volatility, with its price hovering around $0.00002. This price appears to act as a support level.