Cryptocurrency analyst reveals new price target for Shiba Inu (SHIB) Price, Second Largest Meme Coin by Market CapWhile the analyst highlighted the massive growth potential of Shiba Inu, he placed an important condition on his ambitious price predictions, stating that if Bitcoin hits $3 million per coin, SHIB could soar into the trillions of dollars in value.
Shiba Inu has an ambitious price target.
In X (formerly Twitter) Share video On July 29, crypto analyst Oscar Ramos shared his bullish Shiba Inu predictions with his 54,000 followers. He highlighted the strong Shiba Inu community and Strong market performanceRamos expects the popular meme coin to shed some zeros to reach a new price of $0.02.
The analyst based his predictions on the latest Bitcoin prediction made by Microstrategy Co-Founder and Former CEO, Michael Sailor. During the Bitcoin Conference On July 27, Sailor shared his predictions for 2045, predicting that Bitcoin will rise to $3 million per coin in a bearish scenario.
Get inspired by Saylor’s Amazing Bitcoin Price PredictionsRamos revealed that Shiba Inu could also benefit from this proposed upward trend. Additionally, the analyst revealed that in 2045, Shiba Inu could be one of the few coins that are relevant, standing outside Among other meme-based cryptocurrencies in the space.
In his post, Ramos shared two distinct scenarios that illustrate how Shiba Inu could reach $0.02 in 2045. In the first scenario, the analyst revealed that Shiba Inu could reach $0.02 in 2045. Current market value of bitcoin Its current market cap is over $1.37 trillion. This massive growth from its current market cap of $9.3 billion would effectively propel the company to Shiba Inu price to $0.0023, representing an increase of 13,647.8%.
In the following scenario, Ramos noted that if Shiba Inu Market Value While the current market cap of gold is around $16 trillion, the price value of the meme coin could rise to $0.0271, representing an impressive return on investment (ROI) of 1,600x.
Acknowledging that the possibility of Shiba Inu reaching $0.02 is uncertain, Ramos urged investors to be patient, emphasizing his strong confidence in the future of the meme coin and its growth potential. Additionally, Ramos noted that Shiba Inu Rise to $1 It was extremely unlikely at the moment, however a price increase to $0.02 seems more likely if the right conditions are met.
Insights into Sailor’s Bitcoin Price Predictions in 2045
During the Bitcoin Conferencesailor open Three ambitious Bitcoin price targets reveal bearish, fundamental and bullish predictions for the cryptocurrency’s price in 2045.
The co-founder of MicroStrategy revealed that in a bearish scenario, the price of a single Bitcoin could rise to $3 million, driven by a market cap of $68 trillion. He also revealed that in a base case scenario, the market cap of Bitcoin could reach $280 trillion, pushing its price to $13 million per coin.
Finally, Sailor’s bullish scenario sees Bitcoin price He expected the market value of the cryptocurrency to reach more than a quadrillion dollars, and he also expected the price of the cryptocurrency to rise during this period to $49 million per coin.
Featured image created using Dall.E, chart from Tradingview.com
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