Shiba Inu (SHIB) is set to explode following Bitcoin’s surge to an all-time high. Polymarket data shows Ethereum reaching $4,000 odds are soaring, which could serve as a tailwind for SHIB coin, which is an ETH-based meme token. Since this meme coin often tracks Ethereum’s moves,  a push in ETH to $4,000 could also see Shiba Inu price skyrocket. On May 23, SHIB trades at $0.0000156 and is on the cusp of a major breakout supported by Ethereum’s bullish outlook. Shiba Inu Price Could Soar if Ethereum Hits $4,000 Shiba Inu price today trades at $0.00001557, up by 52% from its lowest level this year. This rally could accelerate and hit its November 2024 high of $0.0000333 if the Ethereum price surges to $4,000. Polymarket data shows that Ether’s odds to soar to $4,000 have risen to 43%, the highest level since May 1. These odds bottomed at 16% a… Read More at Coingape.com

The post Shiba Inu Price if Ethereum Reaches $4,000 According to Polymarket Data appeared first on CoinGape.

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