Ethereum ETFs are currently the most hyped element of the cryptocurrency universe. With the proceedings already in check, the Ethereum ETF approval can prove mega bullish for crypto, sending ETH to touch new price highs. At the same time, investors are also bullish for Shiba Inu to touch new price levels post ETH ETF approval, as SHIB is one of the most promising tokens running in the Ethereum chain.
Also Read: US Economy Is Slowing Down, Showing Signs Of A Possible Decay
Shiba Inu Price Prediction After Ethereum ETF Approval- 100x SHIB Rally?
Coinpedia Markets, a notable crypto analytical platform believes that SHIB can rally 100x once Ethereum ETFs are approved by the US SEC. The popular analytics platform took to X to share an update, adding an extensive list of coins that have the potential to skyrocket post-ETH ETF approval.
The analysis indicated SHIB’s meteoric rise to $0.000167 if it surges up to the 10x level. If the token manages to spike by 100x, SHIB’s current value will be at a price level of $0.001679.
Moreover, the token has always predicted a few tokens that are capable of ascending to new highs after the ETH ETF approvals. The list includes names such as Pepe, Toncoin, Render, Ondo, SHIB, and Turbo to name a few.
Shiba Inu July Prediction: How High Can SHIB Trade This Month
The new forecast of SHIB hitting the $0.0016 price mark soon has already sent shivers of excitement within the cryptocurrency space. Shiba Inu’s lead developer Shytoshi Kusama is also expediting efforts to streamline SHIB by conducting interactive tours across the world.
According to Changelly, July seems to be a good month for SHIB, as the token may soon catch pace, to earn its lost valuation back this month.
Changelly predicts the token to hit $0.0000269 by the end of July 2024.
“Crypto experts have analyzed Shiba Inu prices in 2024, so they are ready to provide their estimated trading average for July 2024 — $0.0000269. The lowest and peak SHIB rates might be $0.0000168 and $0.0000371.”
Also Read: Cryptocurrency: 3 Coins Every New Investor Needs To Keep An Eye On?
With Shiba inu burns surging at a rapid pace, the token may seek stable price value sooner than its predetermined timeline.