Coinpedia Markets, a well-known crypto analytical platform, predicts that SHIB could potentially increase by 100x once Ethereum ETFs get approved by the US SEC. This platform recently shared an update listing various coins that have the potential to soar after ETH ETF approval.
The analysis suggests that if SHIB rises by 10x, it could reach $0.000167, and if it spikes by 100x, its value could go up to $0.001679.
The platform has consistently predicted tokens that could reach new highs following ETH ETF approvals, with names like Pepe, Toncoin, Render, Ondo, SHIB, and Turbo among them.
Shiba Inu’s lead developer, Shytoshi Kusama, is actively working to enhance SHIB’s ecosystem by organizing interactive tours globally. According to Changelly, July appears to be a promising month for SHIB, with the token potentially regaining its lost value.
Changelly forecasts SHIB to reach $0.0000269 by the end of July 2024, with estimated trading averages for that month ranging between $0.0000168 and $0.0000371.
With the rapid increase in Shiba Inu burns, the token may stabilize its price sooner than expected.