A possible explosion in the price of Shiba Inu may be on the way if Ethereum reaches $4,000 later this year. This is indicated by recent data from the Polymarket platform.
📈 According to projections, the SHIB token could appreciate by up to 115%, directly driven by the rise of Ethereum. The probability of ETH reaching this mark has increased from 16% to 43% in recent weeks, exciting investors.
💹 Currently priced at $0.00001557, Shiba Inu could get closer to its all-time high of November 2024, which was $0.0000333. The relationship between the two assets is close, as SHIB tends to follow the movements of the Ethereum network.
📊 Technical indicators also reinforce optimism: the SHIB chart shows an inverted head and shoulders pattern, known to signal strong increases. Additionally, the coin is in the third phase of the Elliott wave, another indication of possible significant appreciation.
🔍 Experts recommend heightened attention to the next movements of Ethereum. If the leading altcoin indeed reaches $4,000, Shiba Inu could be one of the most benefited assets in the crypto market.
We continue to monitor.
