If Shiba Inu grows to half the size of Ethereum, its price could soar to a new all-time high, offering significant returns for early investors. Since its launch in August 2020, Shiba Inu has had close ties to the Ethereum blockchain. Specifically, SHIB is an ERC-20 token built on Ethereum, meaning it could benefit directly from any increase in ETH’s value. This relationship is evident in the recent price movements of both assets. IntoTheBlock's data shows that Shiba Inu has maintained a 78% correlation with Ethereum over the past 30 days. This is significantly higher than its 41% correlation with Bitcoin during the same period. Shiba Inu correlation with Ethereum Shiba Inu correlation with Ethereum In the last 24 hours, both Ethereum and Shiba Inu have experienced price declines. ETH has dropped by 1.59%, while SHIB has fallen by 2.01%. Shiba Inu’s Price If It Becomes Half the Size of Ethereum Given Shiba Inu’s connection to Ethereum, The Crypto Basic estimated SHIB’s price if it were to grow to half the size of ETH. This scenario assumes that Shiba Inu’s market capitalization reaches 50% of Ethereum’s current value. As of now, Ethereum is trading at $2,561 with a market cap of $309.27 billion. Half of this valuation equates to approximately $154.64 billion. Meanwhile, Shiba Inu has a market capitalization of $6.9 billion and ranks as the 19th-largest cryptocurrency. SHIB is currently trading at $0.00001172, posting negative returns over the past day. Meanwhile, if Shiba Inu’s market cap were to rise to $154.64 billion, it would represent a 2,141% increase from its current valuation. This would also surpass Jake Gagain’s $100 billion projection for Shiba Inu by 54.64%. At a $154.64 billion market cap, SHIB’s price would reach $0.0002624, setting a new all-time high. At that price, 100 million SHIB tokens bought today for $1,172 would be worth $26,240, representing an ROI of approximately $25,000. Potential Timeline for SHIB to Hit $0.00026 Reaching a $154 billion market cap or a unit price of $0.0002624 could be challenging for Shiba Inu due to its massive supply of 589.25 trillion tokens. Many critics argue that burning a significant portion of the supply is necessary for SHIB to reach such high price targets. Nevertheless, some market analysts have disregarded these concerns and continue to forecast SHIB’s climb toward the $0.0002 range. Crypto exchange Changelly predicts SHIB will hit $0.0002624 by April 2032, seven years from now. Meanwhile, the prediction platform Telegaon expects this target to materialize by 2028, two years earlier than Changelly’s estimate. Notably, Telegaon’s forecast aligns with one made by ChatGPT. It also agrees that Shiba Inu could reach the $0.00026 mark by 2028, coinciding with the next Bitcoin halving. Interestingly, a 2024 Forbes article suggested that Shiba Inu would climb to $0.0002624 this year, with a maximum target set at $0.0003. Additionally, analysts have speculated that SHIB could rise to $0.0002649 if it surpasses Tether (USDT) in global crypto rankings. While this analysis presents an optimistic scenario for SHIB, it is intended solely to illustrate the token’s potential if it were to grow to half the size of Ethereum. There is no guarantee that Shiba Inu will achieve this milestone.

A top market analyst has suggested that Dogecoin could repeat the success of its past cycle, pushing prices to higher prices. Dogecoin, the largest meme coin by market cap, has yet to find its footing this cycle. With a stellar 5,000% and 20,000% price uptick in the previous two cycles, DOGE has been below par so far, according to its standards. Meanwhile, Dogecoin has declined 13% over the past month and corrected by 14% in June. Despite a mild 4% gain over the past seven days, the meme coin leader has declined by a staggering 46% year-to-date, a clear sign that it is well within bearish territory despite Bitcoin’s success. History Suggests a Rebound Is on Course Nonetheless, Dogecoin enthusiasts have remained optimistic that it can still post a staggering upside this cycle. Fueling this expectation is a recurring pattern on its monthly chart that shows a glimpse of its previous price development. Top analyst Trader Tardigrade highlighted this repeating pattern in a recent X post, asserting that it would significantly impact Dogecoin’s price. Specifically, he projected a rally to finally surpass the one-dollar price mark and reach new highs. Importantly, an accompanying chart highlights this recurring pattern. According to the chart, Dogecoin trended atop an ascending trendline between 2015 and late 2017 before breaking out to price levels not previously seen. Dogecoin to $4/Trader Tardigrade Dogecoin made higher highs and higher lows with the trend, moving from $0.0001 to $0.0003, then broke out to reach $0.0026. Subsequently, DOGE consolidated from the high before a final push to close at $0.009 in December 2017. Pattern Set to Push Dogecoin to $4 Trader Tardigrade highlighted that a similar pattern is forming on Dogecoin’s 1M timeframe. Notably, DOGE is currently trending along the ascending trendline after forming two sets of higher highs and higher lows, ranging from $0.059 to as high as $0.4846, before retracing to its current price of $0.167. Notably, all these happened from August 2023 up until now. Meanwhile, the analyst expects the breakout phase to begin soon and highlighted three targets for Dogecoin. First, he predicts a price increment to $0.42, which is 151% away from the current price. Next, he expects a jump to $1.46, marking a new all-time high for Dogecoin. From the current price, this represents a 774% increase. Ultimately, he predicts that Dogecoin would reach an ambitious $4 by the end of this cycle, taking its market cap to approximately $600 billion. This represents a 2,295% uptick from DOGE's present market price. Interestingly, the analyst's chart suggests that Dogecoin could continue its upward trend, similar to its performance in 2021, after completing the current pattern. His chart shows DOGE can reach a ridiculous $240 price per coin. Remarkably, Trader Tardoigrade has a history of predicting ambitious targets for Dogecoin. He projected a rise to $4.5 and above in June and highlighted another recurring historical pattern on the DOGE chart that could propel a rally to $12.

The US House members have declared the week of July 14 as “Crypto Week,” another pro-crypto act focused on driving digital asset innovation in America French Hill, the chairman of the Committee on Financial Services, and GT Thompson, the chairman of the Committee on Agriculture, along with other key House leadership, endorsed this pro-innovation move on Thursday, July 3. Consequently, the US House dedicated the week spanning from July 14 to 18 to comprehensively tackling crypto-related legislation. Among the primary agenda for the week are the CLARITY Act, the Anti-CBDC bill, and the US Senate’s GENIUS Act. A Full Week Dedicated to Driving Crypto Innovation After the US House of Representatives passed Donald Trump’s “Big Beautiful Bill” on Thursday, their attention has now turned to crypto bills. Through a coordinated effort by the US House GOP, the lawmakers have dedicated a whole week to deliberating on and passing legislation specific to the digital assets industry. Crypto Week Agenda Notably, in hindsight, not many would have foreseen this week coming. Barely a year ago, the United States repelled cryptocurrencies under the Joe Biden administration, with former US SEC Chair Gary Gensler in power. Meanwhile, Trump is keeping to his promises of making America the crypto capital of the world. He recently called Bitcoin “amazing” and claimed he had built the crypto industry. Now, the latest US House announcement reflects that the crypto innovation push is now a national interest. US House to Approve Multiple Crypto Bills in July? The US House aims to pass the GENIUS Act, a stablecoin bill that has already passed in the US Senate. The bill aims to establish clear guidelines for dollar-pegged cryptocurrencies, projected to attract trillions of dollars into the US economy. Notably, Trump has passionately called on the House to expedite the bill's delivery to him for final approval. Furthermore, the House would also attempt to pass the CLARITY Act and quickly move it to the Senate. Remarkably, the bill has already passed a vote from both the Agriculture and Financial Services Committees and now requires full House support to pass. Finally, the US House would deliberate on the Anti-CBDC Surveillance State Act, a bill that aims to prohibit the Central Bank from establishing a digital currency. The House Financial Services Committee approved the legislation with a slim 27-22 vote in April, keeping the proposal alive. Meanwhile, several remarks followed the announcement, with several members of the House of Representatives expressing their optimism ahead of “Crypto Week.” Chairman Hill called the move a “historic step” to ensure that the United States remains the world’s leader in the crypto landscape. “We are advancing landmark legislation to establish a clear regulatory framework for digital assets that safeguards customers and investors,” he added. Additionally, Senator Cynthia Lummis lauded the effort of Congress to capitalize on Trump’s friendly stance on digital assets. “For the first time in US history, we have a president who sees the value in embracing digital assets,” she stated.

A prominent market expert says Bitcoin price is undervalued at current levels, sparking debate on its future potential. Bitcoin's price has been steadily climbing in recent days, reaching a peak of over $110,300 on July 3. Currently priced at $108,691, Bitcoin has experienced a slight dip of -0.71% in the past 24 hours but has gained 1.65% over the last 7 days.  This upward momentum in recent days has fueled discussions within the community, with notable crypto commentary provider Altcoin Daily taking a bold stance on the digital asset’s future. Bitcoin Price at $110,000 is Undervalued According to Altcoin Daily, Bitcoin’s current price level is "undervalued," with the account suggesting that the cryptocurrency has substantial upside potential.  https://twitter.com/AltcoinDaily/status/1940883744615026810 The assertion that Bitcoin at $110K is undervalued has sparked debate among followers, particularly about the future direction of its price. Some community members are increasingly optimistic, with some commenters even predicting that Bitcoin could hit $1 million. However, not all responses have been unequivocally positive. One commenter questioned the valuation, asking, "Undervalued at $110K? What fundamental analysis or metrics support this valuation?"  Others remained cautious, arguing that the market has yet to confirm a breakout above $110,530 and warning that macroeconomic factors such as inflation and tariffs could continue to pose risks to Bitcoin price rally. Altcoin Daily's statement aligns with other experts on the social platform X. For instance, Crypto Rover asserts that Bitcoin is currently "undervalued," also suggesting it has substantial upside potential. Bitcoin Price Undervalued | Crypto Rover The analyst points to the rising global liquidity as a key factor driving Bitcoin's price growth. With the increase in liquidity, Crypto Rover believes the Bitcoin price is poised for significant appreciation. Previous Bullish Commentaries by Altcoin Daily Notably, Altcoin Daily has been steadfastly bullish on Bitcoin. Just a few days earlier, the platform expressed confidence in Bitcoin’s long-term prospects, stating that when Bitcoin surpasses $150K, investors would look back at these times and regret not buying more when prices were lower.  This sentiment echoes the platform’s continued optimism about Bitcoin’s future performance. Exec Advises Buying Bitcoin Meanwhile, Matt Hougan, Chief Investment Officer at Bitwise, has encouraged investors to buy Bitcoin, citing concerns raised by hedge fund manager Ray Dalio.  https://twitter.com/Matt_Hougan/status/1940883904715804682 Dalio warned about the U.S. government’s growing debt, which now exceeds $7 trillion in annual spending against $5 trillion in revenue.  The national debt is surpassing the government's income and each household’s share has reached $230,000. As a result, buying Bitcoin would be a hedge against future uncertainty.

Bitcoin’s scarcity model attracts investors fleeing overvalued stock markets and mounting global debt concerns. The cryptocurrency’s hard-coded 21 million coin limit drives institutional capital toward [...]