Shiba Inu (SHIB) Price Forecast: $100 Billion Bet on It

TL;DR

• Shiba Inu’s (SHIB) price has been experiencing a significant uptick recently, but a well-known community member has staked his X account on the possibility of an even greater surge.
• Content creator Jake Gagain forecasts that SHIB’s market cap could soar to $100 billion, promising to deactivate his X account if this prediction does not materialize.

What If?

The last month has proven highly fruitful for the second-largest meme coin, with its price gaining 35% during this timeframe, peaking at around $0.00002136 at September’s end, while it currently trades near $0.00001796.

Shiba Inu’s market cap reached a three-month peak of over $12.5 billion on September 27. Currently, it sits below $11 billion.

A notable figure expecting SHIB’s market cap to skyrocket to an astonishing $100 billion in the future is popular content creator Jake Gagain, who has pledged to delete his X account if his prediction does not come to fruition.

$SHIB To 100 Billion Or I Delete My X Account.

— JAKE (@JakeGagain) October 17, 2024

It’s important to note that currently, only three cryptocurrencies boast a market cap surpassing $100 billion: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Shiba Inu once achieved a maximum market cap of over $40 billion towards the end of 2021, emerging as a key player in the crypto world and drawing considerable interest from investors.

It will be intriguing to observe whether Jake Gagain’s forecast materializes in the near future. However, achieving that would require SHIB’s market cap to increase nearly tenfold.

Additional Forecasts

Another notable X user, Davinci Jeremie, recently made a rather ambitious prediction. Earlier today (October 17), he forecasted that the market cap of the meme coin sector could soar to $1 trillion. Presently, the total market capitalization of the cryptocurrency market is around $2.4 trillion, with meme coins making up less than $60 billion. Therefore, his target appears extremely unlikely.

Davinci Jeremie has been a significant figure in the crypto industry, widely recognized for his advocacy of Bitcoin. Over a decade ago, he encouraged individuals to invest even a modest amount in BTC, anticipating substantial future gains.

Earlier this year, he contended that Shiba Inu is a token that investors should consider adding to their portfolios.