Here's How High SHIB Could Rise

15/07/2024 · Actualizado: 19/08/2024

 

Oscar Ramos, a prominent cryptocurrency ambassador, predicts the Shiba Inu will drop its three leading zeros to trade in the $0.02 range, with gold and Bitcoin at the trillion-dollar range.

In a recent analysis, Ramos examined how the Shiba Inu could see a price surge of over $1,600 and trade with only a leading zero. The analysis was inspired by a recent comment from a famous Bitcoin Bull Michael Saylorwhich had predicted $13 million per coin for BTC.

Saylor made this bold prediction during his presentation at the recently concluded Bitcoin Conference 2024. Specifically, the MicroStrategy chairman told the world that Bitcoin would be trading at a price of $13 million by 2045, two decades later.

Specifically, at this price, Bitcoin would have a market cap more than nine times greater than the combined valuations of Gold ($16 trillion), Apple ($3.34 trillion), Microsoft ($3.16 trillion), NVIDIA ($2.78 trillion), and Google ($2.05 trillion).

Specifically, Bitcoin would have a full diluted cap of $273 trillion at $13 million per coin. Interestingly, this price point is even Saylor’s average forecast for the leading cryptocurrency for the next twenty years.

Saylor noted that in a bearish scenario, Bitcoin will be worth just $3 million by 2045. Meanwhile, he expects a surprising $40 million per coin in a bullish scenario.

What does this mean for the Shiba Inu?

Considering the enormous wealth that would have accumulated in the cryptocurrency sector by then, Ramos sees the Shiba Inu in a more favorable light. While he expects many existing meme coins to fade away within the next two decades, Ramos envisions the Shiba Inu remaining strong in the meantime. the team's development efforts.

He stressed that SHIB has an ecosystem and a robust profile which guarantee its existence for the next two decades, when the $273 trillion Bitcoin market materializes.

Shiba Inu traded at $0.002 with a market cap of $1.3T

As for the potential value of Shiba Inu, Ramos envisions two scenarios. The first is that SHIB will reach the market cap of Bitcoin by 2045. Specifically, Bitcoin currently has a market cap of over $1.37 trillion.

A $1.37 trillion Shiba Inu market cap would correspond to a value of $0.0023assuming its circulating supply remains unchanged. This value marks a substantial increase of 13,418% from SHIB's current price of $0.00001724.

SHIB Price with Gold Cap

In the second scenario, Ramos assumed that the Shiba Inu would hit gold’s current high of $16 trillion. This hypothetical high removes three leading zeros from the Shiba Inu’s value, bringing it to $0.0271.

Amazingly, the Shiba Inu is said to have grown by 157,400%, reflecting a whopping 1,600-fold return on investment.

Interestingly, Ramos' projection of $0.02 per SHIB by 2045 is consistent with Industry experts' forecasts at the cryptocurrency exchange Changelly and Telegaon.

 

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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