Shytoshi Kusama's Shocking Prediction: Shiba Inu (SHIB) Heading Towards $100 Billion?

Bittime - Shytoshi Kusama, leader of Shiba Inu , recently admitted to a bold prediction about the market value of this digital currency.

Kusama reposted a statement arguing that the second-largest meme coin could reach a $100 billion market cap this cycle.

The post was shared along with a GIF showing Robert Picardo from “Family Business” with the words “YOUR WORDS, NOT MINE” displayed.

Current Shiba Inu Market Position

Shiba Inu has had a rollercoaster ride over the past week, rising more than 200% and far outperforming other major cryptocurrencies.

According to the latest data from IntoTheBlock, the price of SHIB is currently at $0.000035, experiencing an increase of 5.84% over the last 24 hours. 

Impressively, 73% of SHIB holders are making money at current prices, with the concentration of large holders also at 73%1.

SHIB has maintained a strong price correlation with Bitcoin of 0.791. The composition of holders by time shows a committed base, with 77% holding for more than a year.

Check Today's Crypto Market:

The Path to $100 Billion

Currently, only three cryptocurrencies have a market capitalization of more than $100 billion—Bitcoin BTCUSD, Ethereum ETHUSD, and Tether USDTUSD.

With SHIB currently valued at $15.3 billion, it sits as the 11th largest crypto, behind rivals such as Cardano ADAUSD and Dogecoin DOGEUSD. 

For SHIB to reach the prestigious $100 billion mark, it will have to record a monumental increase in value.

Specifically, it would need to appreciate around 553%, a feat that would require substantial market demand and investor confidence to achieve.

Also Read How to Buy Crypto:

Shiba Inu (SHIB) Latest Information Data as of March 6, 2024:

Price:

• Current SHIB price: IDR 0.5736
• 24-hour trading volume: IDR 199,708,343,045,998
• Market capitalization: IDR 336,738,797,617,418
• CoinMarketCap Ranking: #10

Also read: Shiba Inu: Could it continue to rise in 2024, this is AI's prediction

Price changes:

• 24 hours: -11.47%%
• 7 days: +229.78%%
• 30 days: +308.95%
• 1 year: +229.73%%

Other Information:

• Maximum supply: 589,534,086,491,242 SHIB
• Circulating supply: 589,289,410,812,691 SHIB
• ATH (All Time Highest Price): Rp Rp1.39 on 28 October 2021
• ATL (All Time Low Price): IDR 0.000001283 on 01 September 2020

Check Crypto Prices Today:

This bold prediction certainly attracted the attention of many people, especially investors and loyal Shiba Inu followers.

Although the $100 billion target seems far away, with the momentum that Shiba Inu currently has, nothing is impossible in the crypto world.

However, it is important to always do your own research and make informed investment decisions.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

What is Shiba Inu Token (SHIB)? Concept and Function

Dogecoin Vs Shiba Inu: Catching Each Other's Eyes

Shiba Inu (SHIB): What is it, How Does It Work, and Why is it Popular?

Shiba Inu (SHIB): Getting to Know Competitor Memecoin Dogecoin

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.