The post Crypto expert predicts SHIB to hit $1 trillion market cap appeared on BitcoinEthereumNews.com.

With the Shiba Inu (SHIB) community implementing several initiatives to increase the meme coin’s utility, a cryptocurrency trading expert has made a bold prediction regarding the token’s market capitalization. Particularly, crypto expert Casey Stubbs projected in an X post on June 16 that Shiba Inu will likely experience an inflow of capital, potentially elevating the token’s market cap to $1 trillion. This projection is anchored on the anticipated impact of Shiba Inu’s layer-2 scaling solution, Shibarium. “I am envisioning a day where there are thousands of SHIB and BONEpairs trading on shibarium with billions of dollars worth of transactions daily and trillion dollar market cap,” he said.  The market expert was reacting to a post by another Shiba Inu insider with the pseudonym SpecialK, who highlighted the potential impact of Shibarium. SpecialK highlighted the platform’s foundational strengths, describing it as the backbone of the SHIB project.  He noted that Shibarium will redefine the crypto space and urged investors to prepare for a transformative journey. Shibarium, the backbone of our project, stands for strength, boldness, and uniqueness. This ecosystem will redefine what comes before and after in the world of cryptocurrencies. Prepare for a transformative journey that will elevate our project to new heights, making it bolder… pic.twitter.com/cuQ6xXUt4a — SpecialK  (@SpecialShib) June 15, 2024 It is worth noting that the Shibarium platform, designed to enhance the efficiency and scalability of the SHIB ecosystem, has been at the center of numerous developments aimed at expanding SHIB’s utility and adoption.  Impact of $1 trillion market cap Indeed, such an inflow of capital to $1 trillion would significantly impact the valuation of SHIB. Currently, Shiba Inu is trading at around $0.0000200 with a market cap of $11.75 billion. If SHIB reached a market cap of $1 trillion, the token would likely trade at…

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Filed under: News - @ June 17, 2024 12:20 pm