- Shytoshi Kusama acknowledged a bold prediction about SHIB reaching a $100 billion market cap.
- Prominent SHIB supporters are vocal on social media about the meme coin potentially hitting $0.01.
Shytoshi Kusama, the enigmatic leader behind the Shiba Inu (SHIB) project, has subtly acknowledged a bold prediction about the meme coin’s future market capitalization.
Amidst the whirlwind of digital currency fluctuations, a statement reposted by Kusama has ignited discussions across various social media platforms. This is in addition to what Kusama revealed in a previous ETHNews report, with RFK Jr. who endorses SHIB.
The statement suggests that Shiba Inu, currently the second-largest meme coin by market cap, could potentially achieve a staggering $100 billion market cap in this cycle.
https://t.co/aUePEauoUo pic.twitter.com/vp0gk4FDtv
— Shytoshi Kusama™ (@ShytoshiKusama) March 5, 2024
SHIB’s Meteoric Rise in the Crypto World
This bold claim was shared by Kusama along with a GIF of Robert Picardo from the movie “Family Business,” indicating a cautious optimism towards the ambitious prediction. The SHIB community has taken this nod as a significant morale booster, fueling widespread speculation and hope among investors and enthusiasts alike.
Shiba Inu has indeed been on an exceptional journey, marked by a more than 200% increase over the past week, leaving other major cryptocurrencies trailing in its wake. This impressive performance is backed by data from IntoTheBlock, which places SHIB’s current price at $0.000035, having risen by 5.84% in the past 24 hours.
A notable 73% of SHIB holders are currently in profit at this price point, with a significant concentration of large holders also standing at 73%. The meme coin has demonstrated a strong correlation with Bitcoin, with a correlation coefficient of 0.79, further cementing its presence in the crypto market.
Moreover, the loyalty within the SHIB community is palpable, with 77% of holders retaining their investments for over a year, showcasing a committed and hopeful investor base.
This unwavering support is pivotal as Shiba Inu navigates its path towards the elusive $100 billion market cap, a milestone currently only surpassed by giants such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
Presently, with a market cap of $15.3 billion, SHIB stands as the 11th largest cryptocurrency, ambitiously eyeing the spots held by competitors like Cardano (ADA) and Dogecoin (DOGE).
Adding to the fervor, several prominent SHIB supporters have reignited discussions on social media platform X, amplifying the belief that the meme coin could eventually hit the $0.01 mark. This wave of enthusiastic tweets has contributed significantly to the growing momentum around Shiba Inu, with investors and spectators closely watching its trajectory.
As Shiba Inu continues its volatile journey in the cryptosphere, the community’s dreams and Kusama’s cautious acknowledgment of a $100 billion market cap serve as a testament to the unpredictable yet thrilling nature of meme coin investments. The journey ahead is fraught with uncertainties, but for the SHIB army, the sky’s the limit.
At the time of writing, the price of SHIB had slipped 8.64% in the last 24 hours, fell to price of $0.0000364. But, this represents an increase of 230.47% over the past 7 days.