Shiba Inu (SHIB), a prominent memecoin, is gaining attention after crypto expert Zach Humphries predicted its market cap could grow tenfold, potentially reaching $100 billion. This would bring SHIB's price to $0.000171, representing a significant 890% increase over current values.
Humphries highlights several key factors supporting SHIB's potential growth, including brand recognition and a dedicated community. These elements, along with the return of retail investors, could propel SHIB to achieve ambitious targets despite its present low price.
Another analyst, "World Of Charts," offers a technical forecast, predicting a 200% rise for SHIB, which has traders optimistic about future gains. A breakout over key resistance could spur further growth if sustained.
However, reaching a $100 billion market cap remains challenging, especially for a memecoin. Consistent growth would be necessary for this goal to become reality, as outlined by both analysts.
