What Would Shiba Inu Price Be with $50B or $100B Daily Buy Volume?

Shiba Inu (SHIB) is flashing bullish signs after gaining by around 1.18% today, March 24, with a daily high of $0.0000131. A spike in buying volumes has also led to the meme coin flipping crucial resistance at $0.0000128. If traders start accumulating SHIB now and daily buy volumes surge to as high as $50 billion or $100 billion, what would be the impact on Shiba Inu price?

Impact of Volumes on Shiba Inu Price 

Trading volumes tend to have a major impact on the price. Each time buy volumes are high, the price reacts by trending higher while sell volumes push the price lower. 

Tradingview data highlights the correlation between buy volumes and Shiba Inu price. Whenever there is an uptick in buying activity, the ADX rises higher, indicating a strong bullish trend. Additionally, past trends show that high buying volumes have stirred gains of as high as 1,300% within days as seen on the SHIB weekly chart. 

This data suggests that if traders were to buy between $50 billion and $100 billion worth of SHIB, the resulting price rally would be parabolic. 

SHIB Price Potential with $50B or $100B Buy Volume

If Shiba Inu attracted $50B to $100B daily buying volumes, the meme coin could attain the highly anticipated $0.01 SHIB price target. Here’s how: 

• Scenario 1: SHIB attains $50B in daily buy volumes

For context, SHIB’s daily trading volumes stand at around $138M at press time, which is 1.78% of the current Shiba Inu market cap of $7.76 billion. 

Assuming a direct relationship between volume and market cap, a 362% rise in trading volumes to $50B would push SHIB’s new market cap to $2.78 trillion. With this market cap and a supply of 589 trillion, 1 SHIB token will be worth $0.0047. 

• Scenario 2: SHIB attains $100B in daily buy volumes

On the other hand, to attain $100B in daily buy activity, this top meme coin would have to record a 724% rise in volumes, This would push its market cap to $5.55 trillion, where the price of 1 SHIB token will be worth $0.0094. This is close to the coveted $0.01 price target.

Reasons Why SHIB May Not Attain These Targets in the Near Term

Attaining $50 billion to $100 billion in buying volumes would push Shiba Inu to between $0.004 and $0.01. However, this Shiba Inu price prediction cannot be attained in the near term due to several reasons. 

The first is that with a market cap of between $2.7 trillion and $5.5 trillion, SHIB would surpass Bitcoin. This cannot be achieved in the near term because unlike Bitcoin, Ethereum and other top altcoins, Shiba Inu has yet to see a surge in institutional interest. 

Secondly, attaining daily buy volumes of between $50B and $100B is not realistic under the current market conditions. Bitcoin’s current daily volumes stand at $21 billion. For SHIB to attract more interest than Bitcoin and record an over 362% rise in volumes it would have to achieve high utility and intense adoption. 

Nevertheless, this price target can be achieved if there is a reduction in the total Shiba Inu supply through SHIB token burns. The filing of Shiba Inu ETF and the subsequent approval could also aid in increasing volume, making the $0.004 and $0.01 price targets achievable.

Summary

Shiba Inu price could rally to between $0.004 and $0.01 if daily buy volumes reached $50 billion to $100 billion. However, to attain such high volumes, the SHIB meme coin would have to record a massive surge in usage, adoption and institutional interest.