Market Pundit Oscar Ramos Predicts a Three-Figure Billion-Dollar Valuation for Shiba Inu

Shiba Inu has featured extensively in the broader market bullish uptick seen in the past seven days. For context, the second-largest meme coin by market cap has surged 16% in the past 24 hours and a staggering 53% in the past week

Shiba Inu (CRYPTO: SHIB) has surged over 50% in the past seven days, outperforming nearly all the assets in the top ten crypto ranking.

Following the price explosion over the weekend, several market commentators have shared their thoughts on Shiba Inu’s next price action. Among them is famous market pundit Oscar Ramos, who predicts a three-figure billion-dollar valuation for the leading meme coin.

What Happened: In a Monday X update, Ramos asserts that Shiba Inu will attain a market cap of $100 billion. According to him, Shiba Inu’s explosive upward trajectory over the weekend confirms his assertion.

“Shiba Inu is headed to a $100 billion market cap. The weekend’s price action confirms it. Don't say I didn't tell you so,” Ramos said in his X update on Monday.

Notably, the market cap expectation is about 165% of Shiba Inu’s peak market cap of $37.81 billion, which the meme coin attained in October 2021. Also, the token’s market cap would grow a staggering 554% from its current $15.3 billion valuation to attain Ramos’s $100 billion cap assertion.

Meanwhile, a $100 billion market cap would take Shiba Inu up past high-caliber assets like XRP, Dogecoin (CRYPTO: DOGE), Binance Coin (CRYPTO: BNB), and Solana (CRYPTO: SOL) to become the fourth most valuable crypto asset. Notably, this would only happen if it attains Ramos’s predicted cap while others remain at their current market cap.

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Shiba Inu Price When It Surges to $100B Market Cap: Notably, a Shiba Inu $100 billion market cap would tremendously boost its price. At the current circulating supply of 589T SHIB, the leading meme coin would be worth $0.0001697 if it attains the said market cap.

SHIB trades at $0.00002593 at press time, about 70% away from its all-time high of $0.00008845. A surge past its peak price of $0.0001697 would mean the token would surge by an impressive 555% from its current market price.

Interestingly, price appreciation of this nature is not uncommon for the second-largest meme coin by market cap. For instance, SHIB surged 379% ten days earlier in the year to reach its yearly high of $0.00003568.

Other SHIB Price Predictions: Several other analysts have also predicted that Shiba Inu will attain a $100 billion valuation this year.

Earlier this year, market expert Jake Gargain stated that SHIB would hit the valuation, promising to delete his X account if it fails to do so.

Another analysis also highlighted that SHIB would hit the glorified $100 billion market cap. The Crypto Basic report, citing the Coin Perspective, shows that the meme coin will enter the $100 billion club in the near term.