Renowned crypto analyst Zach Humphries predicts that Shiba Inu (SHIB) could reach a market cap of $100 billion, driven by factors like retail investor interest and brand recognition.
Humphries draws parallels between SHIB's current setup and its massive rally in 2021, highlighting the potential for growth in the memecoin market.
The strong brand recognition of Shiba Inu in the memecoin space and its dedicated community are factors that could contribute to its success.
Shiba Inu's Shibarium blockchain and its supply reduction mechanism, along with its correlation with Ethereum, are additional factors that could boost SHIB's price.