Shiba Inu (Shib) can remove a zero and mark an unprecedented price rally
Jun 11, 2025 pm 05:33 PM
Shiba Inu followed the upward trend of the overall market yesterday and continued its recovery process.
If the market value exceeds $150 billion, Shiba INU's price may be reduced by one zero, which will be an important sign of a strong rebound in prices.
Shiba Inu has risen 3% since the beginning of this week, the second largest meme coin by market capitalization and is expected to see its first positive volatility in five weeks.
What is the possibility of moving towards a market value of 150 billion?
Meanwhile, data from intotheblock suggests a moderate degree of correlation between Shiba Inu and the overall crypto market. Specifically, the correlation coefficient of SHIB and Bitcoin is 0.61, and the correlation coefficient with Ethereum is 0.57, while the correlation with Dogecoin in the past 60 days is as high as 0.86.
This means that Shiba Inu will benefit as the overall market is upward trend. As institutional investors increase their focus on crypto assets, analysts expect mainstream cryptocurrencies to see a general rise, which could also drive Shiba Inu to a $150 billion market capitalization.
In addition, the continued development of the Shiba Inu ecosystem has added confidence to this prospect. The recent new technology proposals, as well as the strategic partnership with the UAE Ministry of Energy and Infrastructure (MOEI), show that the project has the ability to reverse the current downturn and has the potential to achieve its market capitalization of US$150 billion.
If the market value reaches US$150 billion, how will the price of SHIB change?
Currently, Shiba Inu is the 19th largest cryptocurrency with a market capitalization of approximately US$7.65 billion. It is worth noting that once the market value reaches US$150 billion, it will far exceed its $45 billion high set in October 2021.
Under the premise that the current total supply is 589.5 trillion SHIBs, if the market value rises to US$150 billion, the price of a single coin will reach US$0.000254, an increase of 1,856% from the current price. This price will also allow the meme coin to break through its previous all-time high of $0.00008845.
Can it reach $0.000254?
Although reaching the $0.000254 target seems ambitious at current levels, it is not impossible. Once implemented, SHIB will reduce by one zero, laying the foundation for future impacts on higher prices (such as $0.01).
Some analysts point out that this possibility exists. Well-known observer More More Crypto Online has said that based on the bullish Elliot wavy structure, Shiba Inu may rebound in the range of $0.0001 to $0.0002.
In addition, trading platform Changelly also made predictions about the future development of SHIB, believing that this price target will be achieved by May 2032. Another prediction platform, Telegaon, is more optimistic and is expected to reach this milestone as early as 2028.
The above is the detailed content of Shiba Inu (Shib) can remove a zero and mark an unprecedented price rally. For more information, please follow other related articles on the PHP Chinese website!
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