Shiba

Ethereum

Shiba Inu

Gains

Coin

<ul class="news-points">
 <li>Shiba Inu opened the July trading at $0.00001723.</li>
 <li>A recent investment in SHIB could gain 40x by reaching Ethereum’s current level.</li>
 <li>Ethereum’s market cap was $418 billion as of July 1.</li>
</ul>
TradingView data shows that Shiba Inu opened July trading at $0.00001723, and analysts comparing the meme coin to Ethereum have <a href="https://www.tradingview.com/x/6M9MD9sH/" target="_blank" rel="noopener noreferrer nofollow">estimated the potential gain</a> of a $1,000 investment in SHIB if Shiba Inu matches Ethereum’s current market cap.
Persistent bearish pressure has driven SHIB’s price lower in recent weeks. The meme coin bounced off a $0.00001660 local low on June 30 to open its July trading at $0.00001723. SHIB’s July opening price, which coincides with the June closing price, reflects a 34% drop in the meme coin’s value for June, having dropped from a $0.00002627 monthly high.
While trading at $0.00001733, Shiba Inu’s market cap hovered around $10.2 billion, with the meme coin’s proponents anticipating a significant rebound. Analysts projected the potential gains of an investor buying SHIB at the current price if Shiba Inu’s market cap reaches Ethereum’s current level.
Ethereum’s <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">market cap was</a> $418…
The post <a href="https://coinedition.com/shiba-inu-shib-vs-ethereum-analysts-explore-potential-for-40x-gains/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) vs. Ethereum: Analysts Explore Potential for 40x Gains</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Shiba Inu (SHIB) vs. Ethereum: Analysts Explore Potential for 40x Gains

Coin Edition

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