Shiba Inu could see over an eight-fold price growth if Ethereum reaches a $3 trillion market cap or trades at $25,000.
Shiba Inu remains one of the popular cryptocurrencies in the altcoin market that benefits significantly from a bull run. Recently, Ethereum recaptured the long-lost $2,800 price point following an approximately 7% growth over the weekend, elevating its market cap to $333.11 billion.
During this period, Shiba Inu surged by around 15%, climbing from $0.00001405 to reclaim the $0.000016 range for the first time in nearly four weeks. Additionally, SHIB’s market cap expanded to $9.2 billion on Saturday.
Given Shiba Inu’s tendency to follow Ethereum’s bullish trends, this article explores the intriguing scenario of SHIB’s potential value if Ethereum’s market cap reaches $3 trillion.
Shiba Inu Price If Ethereum Surpasses $3T Market Cap
At press time, Ethereum is trading at around $2,772, with a market cap exceeding $334 billion. During its significant bull run in November 2021, Ethereum peaked at approximately $4,800, pushing its market cap beyond half a trillion dollars.
With Ethereum’s circulating supply at 120,298,357, a market cap of $3 trillion would imply a market price of around $25,000 per ETH. This scenario would require Ethereum to increase by roughly 800%.
Given that Shiba Inu tends to benefit from bullish markets, its value could rise substantially if Ethereum reaches a $3 trillion market cap or trades at $25,000. Currently priced at $0.00001527, an 800% increase in line with Ethereum’s projected growth could propel SHIB to $0.00013743.
Notably, this price point would mark a historically high price point for the meme coin as SHIB peaked at $0.00008845 in 2021. Moreover, the increase would also push Shiba Inu’s market cap to approximately $80.98 billion.
Why SHIB May See More Than 8X Surge
However, it’s worth noting that Shiba Inu may experience more than an 8X increase in a thriving market scenario in which Ethereum achieves a $3 trillion market cap.
Bitcoin, the largest cryptocurrency by market cap, typically commands more than three times the market cap of Ethereum. Thus, if Ethereum were to reach a $3 trillion valuation, Bitcoin could potentially have a valuation of around $10 trillion, putting its unit price near $500,000.
In such a robust market, meme coins like Shiba Inu could potentially rally far beyond 800%. In the last bull cycle, Shiba Inu skyrocketed by over 884,400%.