Shiba Inu could see over an eight-fold price growth if Ethereum reaches a $3 trillion market cap or trades at $25,000.
Shiba Inu remains one of the popular cryptocurrencies in the altcoin market that benefits significantly from a bull run. Recently, Ethereum recaptured the long-lost $2,800 price point following an approximately 7% growth over the weekend, elevating its market cap to $333.11 billion.
During this period, Shiba Inu surged by around 15%, climbing from $0.00001405 to reclaim the $0.000016 range for the first time in nearly four weeks. Additionally, SHIB’s market cap expanded to $9.2 billion on Saturday.
Given Shiba Inu’s tendency to follow Ethereum’s bullish trends, this article explores the intriguing scenario of SHIB’s potential value if Ethereum’s market cap reaches $3 trillion.
Shiba Inu Price If Ethereum Surpasses $3T Market Cap
At press time, Ethereum is trading at around $2,772, with a market cap exceeding $334 billion. During its significant bull run in November 2021, Ethereum peaked at approximately $4,800, pushing its market cap beyond half a trillion dollars.
With Ethereum’s circulating supply at 120,298,357, a market cap of $3 trillion would imply a market price of around $25,000 per ETH. This scenario would require Ethereum to increase by roughly 800%.
Given that Shiba Inu tends to benefit from bullish markets, its value could rise substantially if Ethereum reaches a $3 trillion market cap or trades at $25,000. Currently priced at $0.00001527, an 800% increase in line with Ethereum’s projected growth could propel SHIB to $0.00013743.
Notably, this price point would mark a historically high price point for the meme coin as SHIB peaked at $0.00008845 in 2021. Moreover, the increase would also push Shiba Inu’s market cap to approximately $80.98 billion.
Why SHIB May See More Than 8X Surge
However, it’s worth noting that Shiba Inu may experience more than an 8X increase in a thriving market scenario in which Ethereum achieves a $3 trillion market cap.
Bitcoin, the largest cryptocurrency by market cap, typically commands more than three times the market cap of Ethereum. Thus, if Ethereum were to reach a $3 trillion valuation, Bitcoin could potentially have a valuation of around $10 trillion, putting its unit price near $500,000.
In such a robust market, meme coins like Shiba Inu could potentially rally far beyond 800%. In the last bull cycle, Shiba Inu skyrocketed by over 884,400%.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
