Casey Stubbs, the innovative mind behind Trading Strategy Guides, is painting a bright picture of the potential for Shiba Inu, predicting a staggering $1 trillion market cap for both SHIB and BONE.
In a recent online post, Stubbs shared his vision of a future where Shiba Inu’s Layer-2 blockchain, Shibarium, becomes widely adopted. He imagines a scenario where thousands of SHIB and Bone ShibaSwap pairs are actively traded on ‘Shibarium,’ resulting in billions of USD in 24-hour trading volume.
Through this speculative narrative, Stubbs sees SHIB and BONE reaching the milestone of a trillion-dollar market cap. This bold prediction was prompted by a post from Shibarium’s Discord and Telegram moderator, SpecialK.
SpecialK described Shibarium as the foundation of Shiba Inu, suggesting that the L2 network has the potential to redefine industry standards in the world of cryptocurrency. He also encouraged investors to brace themselves for a transformative journey that could propel Shiba Inu to new heights of innovation and influence.
Despite the optimism shared by Stubbs and SpecialK, recent data shows a significant decline in Shibarium’s adoption rate. The network has been processing fewer than 10,000 daily transactions this month, a stark difference from the 5 million to 7.5 million transactions recorded in December 2023. Since March 7, 2024, Shibarium has only processed 17.72 million transactions.
Despite these challenges, both Stubbs and SpecialK remain hopeful that the network will experience a turnaround in the near future.
If SHIB and BONE were to achieve a $1 trillion market cap, it would undoubtedly have a positive impact on their prices. Currently, both tokens are far from reaching Stubb’s ambitious target. SHIB has a market cap of $11.94 billion, while BONE is valued at $123.34 million, with prices of $0.00002018 and $0.53, respectively.
Assuming a trillion-dollar market for SHIB, its price could potentially rise to $0.016 per token if the circulating supply remains constant at 589.27 trillion. Similarly, BONE could see its value soar to $4,349 per token if its market cap reaches $1 trillion.
Please note that the information provided is for educational purposes only and should not be construed as financial advice. The opinions expressed in this article are personal views and do not necessarily reflect those of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.