Industry Insiders Predict Shiba Inu to Achieve $1 Trillion Market Cap
In a bold prediction, industry expert Casey Stubbs, founder of Trading Strategy Guides, has envisioned a future where Shiba Inu (SHIB) and Bone ShibaSwap (BONE) reach a staggering $1 trillion market cap. Stubbs believes that this milestone will be achieved through widespread adoption of Shiba Inu’s Layer-2 blockchain, Shibarium.
Stubbs paints a picture of a thriving ecosystem on Shibarium, with thousands of SHIB and BONE trading pairs generating billions of dollars in daily transactions. He made this projection in response to a post from Shibarium’s Discord and Telegram moderator, SpecialK.
SpecialK described Shibarium as the backbone of Shiba Inu and expressed his belief that the L2 network has the potential to redefine industry standards. He urged investors to prepare for a transformative journey that will elevate Shiba Inu to unprecedented levels of innovation and impact.
While Stubbs and SpecialK hold an optimistic view of Shibarium’s future, recent data shows a decline in its adoption rate. Daily transactions on the network have dropped to less than 10,000, compared to the peaks of 5 million to 7.5 million recorded in December 2023. Despite this setback, Stubbs and SpecialK remain hopeful that the network will experience a significant turnaround.
If Shiba Inu were to achieve a $1 trillion market cap, it would have a positive effect on the prices of SHIB and BONE. Currently, SHIB has a market cap of $11.94 billion and is priced at $0.00002018 per token, while BONE has a valuation of $123.34 million and is priced at $0.53 per token. Stubbs’ projection suggests that SHIB could increase to $0.016 per token, while BONE could reach an impressive $4,349 per token if they were to reach the $1 trillion market cap.
While Stubbs’ vision may seem ambitious, it showcases the enthusiasm and potential for growth within the Shiba Inu community. As the ecosystem continues to evolve and gain traction, there may be further developments that could propel SHIB and BONE towards Stubbs’ projected market cap.