若以太坊市值飆升200%，柴犬幣價格可能上漲至何種高度？

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If Ethereum's market value surges by 200%, how high might Shiba Inu Coin's price rise?
If Ethereum's market value surges by 200%, how high might Shiba Inu Coin's price rise?
January 21, 2025

Shiba Inu Coin and Ethereum

If Shiba Inu Coin continues to follow Ethereum’s performance, especially as Ethereum’s market cap surges by 200%, Shiba Inu Coin could witness significant price growth.
It is widely recognized that the price action of major cryptocurrencies such as Ethereum often influences the movements of smaller tokens such as Shiba Inu Coin (SHIB).
Shiba Inu Coin and Ethereum Correlation
According to data from IntoTheBlock, Shiba Inu Coin’s correlation with Ethereum reached 93% in the past 30 days. This suggests that Ethereum is more likely to influence Shiba Inucoin’s performance in the short term.
This could be seen as an advantage or disadvantage for Shibacoin, depending on how Ethereum performs. A rise in the price of Ethereum could benefit SHIB. However, when the price of Ethereum drops, the price of this doggie-themed token could drop significantly.
The impact of Ethereum's market value increase by 200%
We considered what effect this would have on the Shiba Inu Coin price if Ethereum’s market cap surged by 200%. The ripple effect of this growth is expected to have a significant impact on Shiba Inu Coin.
For context, Ethereum is currently trading at $3,298 per token. Ethereum remains the second-largest cryptocurrency, with a market cap of $389.77 billion at press time. A 200% increase in Ethereum’s market capitalization would bring it to $1.16 trillion, solidifying ETH’s position as the world’s second-largest cryptocurrency.
The impact of this growth will also be felt in the price of Ethereum, which is expected to rise to $9,702 per token. Such a gain could spark a bull run in the broader crypto market, lifting the prices of various assets, including Shiba Inu Coin.
If the market value of Ethereum surges by 200%, the price of Shiba Inu Coin will
According to correlation data from IntoTheBlock, Shiba Inu Coin is performing largely similarly to Ethereum, so its market cap could grow proportionally by as much as 200%.
As of press time, ShibaCoin’s market cap is $12.75 billion, making it the 15th largest coin in the world’s crypto rankings according to CoinMarketCap. It is currently trading at $0.0000207 per token. If Shiba Inu Coin’s market cap grows in proportion to Ethereum’s 200%, its valuation could increase to $38.25 billion. This could push the SHIB price to $0.00006492, close to its previous all-time high of $0.0008845.
SHIB Potential Rise to $0.00006
Several cryptocurrency players, including the Shiba Inu Coin ecosystem team, predict that SHIB may rise to the $0.00006 range.
In November, Lucie, the market director of ShibaCoin Ecosystem, emphasized that SHIB is “doing well,” predicting that the asset could rebound to $0.00006861.
Additionally, a market observer who goes by the pseudonym TSLA Tracker praised SHIB’s price layout in December, noting that the token was preparing to rise to $0.00006937.
Earlier this month, a well-known analyst who uses the pseudonym “Strong” on X set a target price of $0.000066651 for Shiba Inu Coin, mentioning that a cup-and-handle pattern has formed on the asset’s weekly chart.
While Ethereum’s price action could significantly impact Shiba Inu Coin’s performance, factors such as market sentiment, burn, and utility will determine how much SHIB’s price rises.