Shiba

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Shiba Inu

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Shiba Inu lead Shytoshi Kusama recently <a href="https://twitter.com/ShytoshiKusama/status/1765164415567941750">acknowledged</a> a bold prediction about the digital currency's market value.&nbsp;
Kusama reposted a statement arguing that the second-largest meme coin could reach a $100 billion market cap this cycle.&nbsp;
The post was shared alongside a GIF showing Robert Picardo from "Family Business" with the words "YOUR WORDS, NOT MINE" displayed.
<h2 id="shiba-inu-s-current-market-position">Shiba Inu's current market position&nbsp;</h2>
Shiba Inu has been on a rollercoaster ride over the past week, gaining more than 200% and vastly outperforming other major cryptocurrencies.&nbsp;
According to the latest data from IntoTheBlock, SHIB's current price stands at $0.000035, experiencing a 5.84% increase over the past 24 hours.&nbsp;
Impressively, 73% of SHIB holders are making money at the current price, with a large holder concentration also at 73%. SHIB has maintained a strong price correlation with Bitcoin at 0.79.&nbsp;
Holders' composition by time held shows a committed base, with 77% holding for over a year.
<h2 id="the-path-to-100-billion">The path to $100 billion</h2>
Currently, only three cryptocurrencies boast a market capitalization <a href="https://www.coingecko.com/">exceeding</a> $100 billion—Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).&nbsp;
With SHIB currently valued at $15.3 billion, it sits as the 11th largest cryptocurrency, behind rivals such as Cardano (ADA) and Dogecoin (DOGE).&nbsp;
For SHIB to reach the illustrious $100 billion mark, it would have to record a monumental increase in value.&nbsp;
Specifically, it would need to appreciate by approximately 553%, a feat that would require substantial market demand and investor confidence to be achieved.

Shytoshi Kusama Responds to Bullish Price Prediction

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