Shiba Inu (SHIB) has surged 18% since early May, fueled by growing momentum around its layer-2 solution, Shibarium. With Shibarium's Total Value Locked (TVL) approaching $4 million, investors are speculating how high SHIB could climb if it captures 10% of Ethereum's $90 billion DeFi TVL.
Current SHIB Price Performance
- Price: $0.0000158 (1.7% daily gain)
- Key Resistance: $0.000017
- Potential Target: $0.000020 (January 2025 high)
SHIB’s upward trend aligns with Ethereum’s 40% weekly gain, demonstrating its correlation with ETH. Shibarium’s rapid growth—adding $1.5 million in TVL within a month—has further boosted SHIB’s price, raising questions about its potential to hit $0.001 or $0.0001.
Shibarium’s Growth Potential
Ethereum’s TVL stands at $90 billion. If Shibarium captures:
- 10% of ETH’s TVL: $9 billion (2,000x growth from current $3.79M)
While such expansion is ambitious, analysts suggest:
- Price Range: $0.00015–$0.00075 (if Shibarium triggers massive SHIB burns)
- Adoption Dependency: Sustained usage is critical for long-term gains.
👉 Explore Shibarium’s latest developments
Technical Outlook: Bullish Signals
- Rounding Bottom Pattern: Indicates a potential 55% rally to $0.000024.
- RSI Above 50: First time since mid-January, signaling strengthening bullish momentum.
- Key Indicator: Weekly close above $0.000016 could confirm breakout.
FAQ: Shiba Inu Price Predictions
Q: Can SHIB reach $0.0001 if Shibarium grows?
A: Possible with massive adoption and burns, but 10% of ETH’s TVL is unlikely short-term.
Q: Why is SHIB rising today?
A: Broader crypto market bullishness and increased buy pressure.
Q: What’s the next price target?
A: $0.000020 if the rounding bottom pattern holds.
Conclusion
While Shibarium’s expansion could propel SHIB toward $0.0001, Ethereum-level adoption remains a long shot. However, technical indicators suggest a near-term rally to **$0.000024** is plausible.
👉 Stay updated on SHIB’s market movements
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