Massive Shiba Inu (SHIB) price prediction with a big bet

TL;DR

The price of Shiba Inu (SHIB) has been on a roll lately, but a popular community member put his X account on the line that it could go much higher. Content creator Jake Gagain predicts that SHIB’s market cap could reach $100 billion, and promises to leave X if the forecast fails. And yes?

The past month has been very successful for the second largest meme coin. Its price has increased by 35% during this period, reaching a local high of around $0.00002136 at the end of September, while it is currently trading at around $0.00001796.

Shiba Inu’s market cap hit a three-month high of more than $12.5 billion on September 27. At the moment, it stands at less than 11 billion dollars.

One person who predicts that SHIB’s market cap could explode to $100 billion sometime in the future is popular content creator Jake Gagain. He even promised to delete his X account if the prediction fails.

$SHIB Up to 100 billion or I delete my X account.

— JAKE (@JakeGagain) October 17, 2024

It is worth mentioning that only three cryptocurrencies currently have a market cap exceeding $100 billion: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Shiba Inu reached a peak cap (so far) of over $40 billion by the end of 2021. At the time, the meme coin was one of the rock stars of crypto, garnering a lot of interest from investors and the ‘vanguard of earnings.

It will be interesting to see if Jake Gagain’s prediction comes true soon. For now, though, it looks pretty tough given that SHIB’s market cap needs to increase nearly tenfold to see those levels.

Additional forecasts

Another popular X user who chimed in with a slightly ridiculous prediction is Davinci Jeremie. Today (October 17), he predicted that the market cap of the meme coin niche could reach $1 trillion. Currently, the entire capitalization of the cryptocurrency industry is around $2.4 trillion, with memes accounting for less than $60 billion of the total figure. That said, their goal seems highly implausible (to say the least).

Davinci Jeremie is a leading figure in the crypto world known for defending Bitcoin. More than ten years ago, he encouraged people to invest just $1 in BTC, predicting a significant increase in the price in the future.

Earlier this year, he argued that Shiba Inu is a token that investors should include in their portfolios.

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