Crypto Analyst Jake Gagain Predicts Shiba Inu (SHIB) Will Reach a $100 Billion Market Cap
- DDDOriginal
- 2024-10-18 04:10:10698browse
He cited recent ecosystem developments and strategic partnerships, such as the collaboration with Mass, as factors driving his forecast.
Crypto analyst Jake Gagain is known for his bullish predictions, especially when it comes to meme coins. Now, he has set his sights on Shiba Inu (SHIB), vowing to delete his X account if the meme coin fails to reach a $100 billion market capitalization.
Gagain's tweet has sparked both excitement and skepticism among market observers. A known meme coin advocate, Gagain previously stated, “SHIB Will Reach 100 Billion This Cycle.” Shytoshi Kusama responded with a GIF that read: “Your words, not mine.”
As Shiba Inu (SHIB) continues to form strategic partnerships, such as the recent collaboration with blockchain infrastructure firm Mass, promising AI-driven legal and financial solutions for token users, its vision for a decentralized economy is coming to fruition.
Shiba Inu's recent keynote at EthToronto 2024 also highlighted its commitment to growth. The announcement of partnerships with companies like Stripe for payment solutions has further strengthened the token's position. These developments, along with increased SHIB token burns, suggest Shiba Inu is evolving beyond a meme coin to a utility token with real-world applications.
One of the most promising aspects of Shiba Inu's future is its burn rate, which has skyrocketed by 14,570%, hinting at a potential price rally. Over 279 million SHIB tokens have been removed from circulation recently, indicating that demand is expected to rise.
Currently, Shiba Inu sits at a price of $0.00001764 with a market cap of $10.4 billion. Reaching a $100 billion market cap would require a significant 10x growth, with experts forecasting the possibility of eliminating more zeros from the token's price.
If let's say, SHIB were to reach a price of $0.01, an initial investment of $1,800 could yield a staggering return of $1 million. While this may seem like a far-fetched scenario, it's important to remember that Shiba Inu has experienced remarkable price surges in the past. Its potential for significant growth is therefore undeniable, making it a coin worth keeping an eye on.
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