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Shiba Inu Team Predicts How High SHIB Must Reach to Ignite an Ecosystem-Wide Bull Run
Shiba Inu marketing specialist, Lucie, has set a target that SHIB must reach to spark a major bull run in the broader ecosystem
For context, Alt Season refers to a period when altcoins significantly outperform Bitcoin in terms of percentage gains. As of today, the Altcoin Season Index on CoinMarketCap reads 30/100, indicating that Bitcoin currently leads among top-ranking crypto assets.
Price Target SHIB Must Reach to Spark Shiba Inu Ecosystem Bull Run
Meanwhile, Lucie predicted that once the market cap of Shiba Inu’s primary token, SHIB, hits $30-50 billion, the value of other ecosystem tokens, including TREAT, BONE, and LEASH, will also skyrocket.
For context, Shiba Inu currently boasts a market cap of $7.59 billion as it trades at $0.00001288. Hitting the projected $30 billion valuation would require a 295% jump in Shiba Inu’s market cap. Meanwhile, the $50 billion target would demand a 558% surge from its current level.
Given Shiba Inu’s supply of about 589.25 trillion tokens, a $30 billion market cap would place SHIB’s price at $0.00005091, while a $50 billion valuation would lift it to $0.00008485.
According to Lucie, SHIB’s potential surge to a market cap of $30-$50 billion will trigger a ripple effect in the Shiba Inu ecosystem, leading to a substantial rise in the value of other related tokens like TREAT and BONE.
She urged the community to hold any of their preferred ecosystem tokens, expressing confidence that the entire ecosystem is headed for substantial growth.
Halo Effect
However, the top developer emphasized that he wants each ecosystem token to succeed without relying on the performance of related assets.
Meanwhile, Lucie is no stranger to issuing bullish predictions for Shiba Inu. As previously reported, the marketing lead forecasted that SHIB is capable of clinching an ambitious target of $0.01 in the future. She also teased that the token might surpass the one-cent dream and aim for higher targets like $1.