Industry expert expects Shiba Inu to reach $1 trillion market capitalization

Casey Stubbs, founder of Trading Strategy Guides, describes an optimistic outlook on the Shiba Inu’s potential, predicting a $1 trillion market cap for SHIB and BONE.

In a post on X yesterday, Stubbs said he envisions a day when Shiba Inu’s Shibarium Layer-2 blockchain witnesses widespread adoption. He envisions a future where thousands of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) pairs are actively traded on “Shibarium,” with 24-hour volume worth billions of dollars.

Through this hypothetical scenario, Stubbs expects SHIB and BONE to potentially reach a trillion-dollar market capitalization. He made the projection while reacting to an X post by SpecialK, Discord and Telegram moderator of Shibarium.

According to the post, SpecialK characterized Shibarium as the backbone of Shiba Inu, predicting that the L2 network could redefine standards within the crypto space. Additionally, he urged investors to prepare for a transformational journey that will elevate Shiba Inu to unprecedented levels of innovation and impact.

Shibarium adoption rate

Although Stubbs and SpecialK foresee an optimistic future for Shibarium, the network’s adoption rate has declined significantly of late. Since this month the network has been average daily transactions less than 10,000.

This contrasts sharply with the figures recorded in December 2023, when statistics rose to between 5 and 7.5 million.

Accordingly, Shibarium has elaborate only 17.72 million transactions since March 7, 2024. Despite the low adoption rate, Stubbs and SpecialK are optimistic that the network will see a significant breakthrough.

SHIB and BONE prices if they reach $1 trillion market cap

This could have a positive impact on the prices of Shiba Inu ecosystem tokens, including SHIB and BONE. At the moment, both tokens are far from reaching the $1 trillion market capitalization that Stubb predicted.

While SHIB boasts a market capitalization of $11.94 billion, BONE has a valuation of $123.34 million. Their price is $0.00002018 and $0.53 respectively.

A trillion-dollar market for SHIB could push its price to $0.016 per token if the circulating supply of 589.27 trillion remains constant. Similarly, BONE could be worth $4,349 per token if its market capitalization reaches $1 trillion.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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