Cryptocurrency

Expert Identifies Shiba Inu (SHIB) Potential for Massive Growth

The recent approval of Ethereum spot exchange-traded funds (ETFs) has sparked optimism among investors, with many expecting a broader market rally that could impact altcoins. Crypto enthusiast Ava Monaro has highlighted ten altcoins, including Shiba Inu (SHIB), that could experience significant gains of up to 100x.

Ethereum ETFs: A Catalyst for Market Growth

The approval of Ethereum ETFs has led to a surge in investor confidence, with eight of the nine approved funds witnessing net inflows of over $2.2 billion, according to CoinShares data. This influx of capital could positively impact ETH’s price, which, in turn, could trigger a similar rise in the values of other altcoins.

Altcoins Poised for Growth

Monaro’s list of top 10 altcoins includes 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). These altcoins have the potential to surge between 1,000% (10x) and 10,000% (100x) following the approval of spot Ethereum ETFs.

Shiba Inu: A Promising Altcoin

According to data from CoinMarketCap, Shiba Inu is currently trading at $0.00001628, and it has the potential to reach $0.00018403 with a 10x surge and $0.00168973 with a 10,000% surge.

Experts from Changelly predict that SHIB could reach the $0.0001 threshold by December 2027 and the $0.001 territory no earlier than 2040. While these projections reflect analysts’ confidence in SHIB, it is essential to note that there is no guarantee of achieving these feats within the projected timelines.

SHIB has experienced a decline of 2.66% over the past 24 hours, with its price at $0.00001628 per token. Similarly, it has witnessed a 5.30% decline in the weekly charts. Despite this, the potential for significant growth remains, making SHIB a promising altcoin.

The approval of Ethereum ETFs has resulted in speculation in the market, with many expecting a broader rally that could impact altcoins. Ava Monaro’s list of top 10 altcoins, including Shiba Inu, highlights the potential for significant growth in these assets.

While there is no guarantee of achieving these feats, the optimism surrounding Ethereum ETFs and the potential for altcoin growth makes this a space worth watching.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

Cardano Foundation Unveils First Financial Report With Three Key Investments

The Cardano Foundation, a nonprofit organization headquartered in Switzerland, has released its inaugural Financial Insight…

9 minutes ago

Why is This New Meme Coin All You Need to Start Your Millionaire Journey Today?

Over the last few years, meme coins have gone from internet punchlines to legitimate investment…

2 hours ago

Polkadot (DOT) and Toncoin (TON) Swung High – IntelMarkets 400% Rally Since ICO Debut Spark Excitement

The bulls are back, with Bitcoin (BTC) on price discovery. Alternative cryptos are also gaining…

6 hours ago

XRP, DOGE, SHIB, ADA in Focus—Can They Achieve 10x, or Will Newcomer XYZVerse Outpace Them?

As established cryptocurrencies like XRP, Dogecoin, Shiba Inu, and Cardano aim for significant growth, speculation…

8 hours ago

Mathematics Whiz Kid Who Made $40 Million From Buying Bitcoin Early Moves Into This $0.057 Altcoin For 800x ROI For BTC-Like Gains

The story of a young mathematics prodigy who earned $40 million from his initial investment…

9 hours ago

Top 4 Altcoins Cheaper Than Cardano Poised For Major Gains

As the cryptocurrency market expands, investors are looking beyond giants like Bitcoin and Ethereum to…

9 hours ago