Analyst Reveals The Shiba Inu Price If Bitcoin Reaches $3 Million Per Coin
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A crypto analyst has unveiled a new target price for Shiba Inu (SHIB), the second-largest meme coin by market cap. The analyst highlighted SHIB's immense growth potential, putting forth an ambitious price forecast contingent upon Bitcoin reaching $3 million per coin. If this condition is met, SHIB could see its market cap rise to multi-trillion dollars.
This hypothetical scenario underscores the close correlation between Bitcoin's price and the broader cryptocurrency market. The analyst's forecast is based on the assumption that Bitcoin's price surge would have a ripple effect across various altcoins, including meme coins like SHIB.
Such forecasts, while speculative, fuel interest and discussion within the crypto trading community. They reflect the high stakes and exponential possibilities inherent in the volatile cryptocurrency market.
Source: bitcoinist.com ↗
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