Shiba Inu Price Prediction: Can Dogecoin 'Killer' Reach $0.01 And Overtake Apple, Bitcoin In Market Value?
Portfolio Pulse from Mehab Qureshi
Shiba Inu (CRYPTO: SHIB) has seen a significant decline from its all-time high, despite its compatibility with the Ethereum (CRYPTO: ETH) ecosystem and the development of Shibarium, a Layer-2 solution. The token's burning rate surged by 6340% in the last 24 hours, resulting in the burning of 79 million SHIB tokens. However, even if Shiba Inu reaches $0.01 per token, its circulating supply would result in a network market cap of $5.9 trillion, surpassing companies like Apple Inc in terms of market value.
July 17, 2023 | 7:26 am
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NEUTRAL IMPACT
Shiba Inu's potential market cap could surpass that of Apple Inc if it reaches $0.01 per token.
The news mentions a hypothetical scenario where Shiba Inu's market cap could surpass Apple's. However, this is speculative and does not directly impact Apple's operations or financials.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Shiba Inu's potential market cap could surpass that of Bitcoin if it reaches $0.01 per token.
The news mentions a hypothetical scenario where Shiba Inu's market cap could surpass Bitcoin's. However, this is speculative and does not directly impact Bitcoin's operations or financials.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Shiba Inu, a rival of Dogecoin, could potentially impact Dogecoin's value with its developments and burning strategy.
Shiba Inu, being a rival of Dogecoin, could potentially impact Dogecoin's value with its developments and burning strategy. However, the exact impact is uncertain and speculative.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Shiba Inu's compatibility with the Ethereum ecosystem and the development of Shibarium could potentially impact Ethereum's value.
Shiba Inu's compatibility with the Ethereum ecosystem and the development of Shibarium could potentially impact Ethereum's value. However, the exact impact is uncertain and speculative.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Shiba Inu's burning rate surged by 6340% in the last 24 hours, and the development of Shibarium could potentially boost its value.
The news directly pertains to Shiba Inu, with its burning rate surging and the development of Shibarium potentially boosting its value. However, the exact impact is uncertain and speculative.
CONFIDENCE 70
IMPORTANCE 100
RELEVANCE 100