According to forecasts, if Ethereum reaches $10,000, it could significantly alter investor expectations for Shiba Inu.
Ethereum's Influence on Shiba Inu Price
Ethereum and Shiba Inu often move in tandem, as SHIB is an ERC-20 token built on the Ethereum network. This means any major Ethereum rally tends to influence SHIB's price movements. Analyst Amonyx believes Ethereum may hit $10,000 before the end of the current bull market, which could drive Shiba Inu prices to around $0.00015 or even $0.00020.
Forecasts for Shiba Inu
Amonyx predicts that Shiba Inu could climb as high as $0.001 during this cycle, requiring a 7,610% gain from its current price of $0.00001297. This ambitious figure is still within reach for meme coins like SHIB, which have surprised the market before. However, such a rise would require a perfect storm of retail hype, heavy token burns, and solid Ethereum performance.
Future of Shiba Inu
If Ethereum hits $10,000, Shiba Inu’s price could realistically rise to the $0.00015-$0.00020 range. Whether SHIB can go further and reach $0.001 depends on factors like ecosystem upgrades, stronger adoption, and supply burns. Amonyx's bold predictions have rekindled discussions about SHIB's potential in this bull run, but market conditions will ultimately determine the outcome.
Ethereum's rise to $10,000 would set the stage for potential price increases for Shiba Inu, but further success will depend on multiple factors.
