Altcoins
Shiba Inu and 9 Altcoins to Surge 100x
Shiba Inu is among the altcoins that are set to benefit from the recent approval of several Ethereum spot exchange-traded funds (ETFs), which has investors excited. This development has boosted confidence and is expected to trigger a substantial rally in the broader market.
Last week, the SEC gave the green light to Ethereum ETFs. These funds, on their first day of trading, saw over $1 billion in volume. According to CoinShares, eight of the nine approved funds, with the exception of the Grayscale Ethereum Trust ETF (ETHE), saw substantial inflows. To date, these eight ETFs have accumulated over $2.2 billion in net inflows. This massive inflow is sparking speculation that Ethereum’s price could see a significant surge. Given Ethereum’s central role in the cryptocurrency market, a surge in ETH could trigger similar gains in various altcoins.
Ava Monaro, a well-known cryptocurrency enthusiast, has highlighted According to her, ten altcoins could see a surge of between 1,000% (10x) and 10,000% (100x) thanks to the Ethereum ETF approval. These altcoins include Shiba Inu (SHIB), Byte (BYTE), Ethereum Name Service (ENS), Render (RNDR), Baby DogeCoin (BabyDoge), Turbo (TURBO), Pepe (PEPE), Bonk (BONK), Toncoin (TON), and Ondo (ONDO). Monaro’s analysis suggests that substantial inflows into Ethereum ETFs could lead to significant price increases for these tokens.
Shiba Inu Price Potential Rise to $0.0001 – $0.001 Territories
Shiba Inu, which is currently trading at $0.00001673, stands out among these altcoins. A 10x increase could push SHIB’s price to $0.00018403. Remarkably, a 10,000% increase would catapult Shiba Inu up to $0.00168973. Experts including Changelly predict that SHIB could reach $0.0001 by December 2027. The more ambitious target of $0.001 could be reached by 2040.
Currently, SHIB is trading at $0.00001673, which reflects a 2.24% decline in the last 24 hours. Similarly, the token is down 2.4% in the last week. While the forecasts are promising, they are not guarantees. Investors should exercise caution and view these projections with a healthy dose of skepticism.
The approval of the Ethereum ETF marks a significant milestone, potentially paving the way for a bullish recovery in the cryptocurrency market. Investors will be watching closely to see if these predictions come to fruition.