As the price trend of Dogecoin sparks discussions about its target price reaching $10, traders are re-evaluating the potential of Shiba Inu. Since these two assets are closely correlated—having declined 17.4% and 18.2% respectively so far this year—analysts predict that if Dogecoin's price surges over 10,000% to a market cap of $1.5 trillion, SHIB's price could proportionally rise from $0.000005644 to approximately $0.0005824, bringing its market cap close to $343 billion. While long-term forecasts for SHIB are more conservative, the close relationship between these two cryptocurrencies suggests that SHIB's growth could be significant during a Dogecoin bull market.

DOGE-2,76%
SHIB-2,64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin