Shiba Inu recent growth above the $0.000016 mark triggers speculations about a potential surge to a market capitalization of $150 billion.
Shiba Inu (SHIB) is gradually recovering from the recent market turbulence that wreaked havoc on crypto prices. Following its devastating collapse earlier this week, Shiba Inu plunged to a multi-month low of $0.0000123 on Sunday night.
However, the plunge did not last as SHIB recovered most of its losses, soaring above the $0.000016 mark today and reaching a daily high of $0.00001691.
This rally occurred after President Donald Trump ordered the creation of a sovereign wealth fund, which could potentially prompt the United States government to invest in crypto assets like Bitcoin (BTC).
Although SHIB has retraced below the $0.000016 mark, its recent rally triggered speculation within the community, with some investors speculating that the asset could attain a market cap of $150 billion someday.