Shiba Inu Slated to Achieve $1 Trillion Market Cap

Sahana Kiran
Shiba Inu
Source – Watcher Guru

The Shiba Inu [SHIB] community has several predictions about the meme coin. Some suggest 1 cent is closer than it appears. But a few others are envisioning a $1 trillion market cap for the asset. At press time, SHIB was trading at $0.00001903 following a 9.13% daily drop. The market cap of the altcoin reflected a similar trend and was at $11.3 billion.

The founder of Trading Strategy Guides, Casey Stubbs, recently brought back hope into the market with his latest prediction. Stubbs noted that the SHIB market could hit $1 trillion. This certainly seems far-fetched. But the analyst suggested that Shibarium, Shiba Inu’s Layer-2 could drive the value of the network.

He noted that the volume would surge when thousands of SHIB and BONE pairs are traded on Shibarium. This Layer-2 network has been thriving. Within 24 hours, the number of new user accounts on Shibarium jumped by 962%.


Also Read: Shiba Inu Forecasted To Hit 10 Cents, Here’s When

Shiba Inu Still In the Building Stage

The SHIB ecosystem is a community-driven project. Shiba Inu’s marketing expert, Lucie has kept the network up to speed on everything that has been happening. She went on to say that SHIB is still in its “building stage.” Lucie highlighted Shytoshi Kusuma’s message and noted how the network has progressed from creating the moat to protect the castle to building the castle itself. She said,

“We’re in the building stage, as Shytoshi always says, “the moat has been built to protect the castle, now we build.” We’ve entered step 1, stage 1, and there’s so much more to come. Think of our blockchain as a railway track. We’re setting up stations for users and developers. We’re updating our tech, connecting with major players, and ensuring the overall health of our ecosystem.”

In addition, Lucie reveals that the SHIB team is also looking to collaborate with some major platforms in the industry. But, she decided to remain quiet about the names.

Also Read: Shiba Inu: SHIB Mid-June 2024 Price Prediction