Shiba Inu Possible Price If It Gets ETF Approval and 30% of Bitcoin Inflows

Shiba Inu is positioning itself as a meme coin with significant growth potential as developers continue to deploy further utility. Its vibrant community remains optimistic, with many expecting ambitious prices amid speculation on potential ETF products.

Considering Memecoin’s active community and investor support, the Shiba Inu ETF could attract 30% of spot BTC ETF inflows. Such a feat could send SHIB higher. The possible price trajectory for Shiba Inu if the SHIB ETF product is launched is as follows:

Shiba Inu price prediction if SHIB receives 30% of Bitcoin Spot ETF inflows

Recently started spots Bitcoin ETF It attracts many investors seeking indirect and managed exposure to Bitcoin. This remarkable success has encouraged other altcoin developers to apply for similar products.

Ethereum ETFs are grappling with approval issues, and the SEC could potentially consider ETH a security. Top asset managers such as BlackRock and Fidelity are vying to approve Ethereum Spot ETFs and may explore alternatives.

Shiba Inu is one of the few altcoins that is not labeled as a security by the US SEC. This is likely due to its decentralized nature.

As crypto ETFs become more popular, the SHIB community called on BlackRock to launch a SHIB ETF product. In addition, investors and community members petition I request Grayscale to create a Shiba Inu ETF.

Bitcoin has experienced significant price increases, even reaching new all-time highs following massive ETF inflows. BTC ETFs have averaged monthly net inflows of $2.98 billion.

These inflows have increased $11.946 billion Based on current inflow rates since the Bitcoin Spot ETF was approved on January 10, Bitcoin ETF products could record $35.78 billion in inflows by the end of 2024.

Similar to Bitcoin, the launch of the SHIB ETF is likely to have a positive impact on the price. However, the actual magnitude of the impact will depend on the ETF’s adoption rate.

If these SHIB ETFs are able to attract 30% of the expected Bitcoin inflows, they would record an increase of up to $10.74 billion. this is, bank of america’s (BoA) 1:10 multiplier.

With such a large influx, Shiba Inu’s market capitalization could reach $113 billion, making it one of the top five crypto assets. If the market cap rises to his $113 billion, SHIB’s price could rise to $0.0001,917.

However, this will only happen if the circulating supply of 589 trillion tokens remains constant. Additionally, the price increase to $0.0001917 represents a 750% appreciation of Shiba Inu. Therefore, the approval of the SHIB ETF could result in a significant price increase.

However, please note that this prediction is just a guess and there is no guarantee that the SHIB ETF will launch soon.

How is SHIB doing today?

SHIB is currently trading around $0.000021 and the 24-hour price decline is 11.4% As of 5:52 a.m. ET. Shiba Inu has formed six consecutive red candlesticks on the daily chart, indicating significant selling pressure.

Memecoin faced rejection at the $0.00002225 resistance level and is currently approaching the $0.00002053 support level. SHIB is approaching the lower region of the Donchian Channel (DC), confirming that sellers are in control.

Also, the RSI is at 34.25, indicating that SHIB is almost oversold. Oversold areas, in particular, offer attractive entry points for buyers on the edge, creating upward pressure and potentially triggering a rebound.

Overall, SHIB is likely to continue declining over the next few days until buyers return and it rises again.

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