Price forecasts for cryptocurrencies, including Shiba Inu, are becoming particularly relevant in light of recent expert statements on the growth of the entire crypto market.
Current State of the Crypto Market
Currently, the total cryptocurrency market capitalization stands at approximately $3.81 trillion, down 1.36% from the previous day. Bitcoin's price has decreased by 1.69%, while Shiba Inu's price has eased by 0.89%. Despite this, Shiba Inu still boasts a market capitalization of $7.25 billion, which accounts for 0.19% of the overall market.
Shiba Inu Price Predictions
Raoul Pal, CEO of Real Vision, recently suggested in a CNBC interview that the total cryptocurrency market capitalization could jump to $100 trillion by 2032, representing a staggering 2,500% growth from current levels. If this happens and Shiba Inu retains its 0.19% market dominance, SHIB's value could rise to $0.00032.
Factors Driving Growth
There are two main factors driving such growth: ongoing monetary debasement as traditional currencies lose purchasing power and mass adoption of crypto assets around the world. Some analysts, like Himanshu Maradiya, predict that SHIB's price could reach $0.0003 by the end of this year, while others expect this scenario between 2030 and 2035.
The forecasts regarding the growth of the crypto market and the price of Shiba Inu inspire optimism among long-term holders. If the market capitalizes at $100 trillion, a SHIB price of $0.00032 could become a reality.
