Shiba Inu (SHIB) has long yearned for a high-price spot. The meme coin is extremely popular within the crypto space and has proven its mettle from time to time after displaying credible potential to ace new highs. However, SHIB enthusiasts have long been standing in the queue, awaiting the token’s surge to crucial price spots such as the token claiming $0.001 or $0.01. Will this price target be easily attainable if SHIB ETFs become a reality? Let’s find out.

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SHIB ETFs To Help The Token Claim $0.001?

shiba inu counting
Source: Watcher Guru

Shiba Inu is a leading meme token, which is currently sitting at $0.00001674, up 8% in the last 24 hours. The SHIB ecosystem’s global ambassador and collaboration lead, Shytoshi Kusama, is also dropping hints on how SHIB is incredibly focused on achieving new price points, including working on building momentum to scale past new price horizons.

In this wake, the SHIB ecosystem has struck a partnership with the UAE to bolster its presence on a global level. That being said, with the mainstream crypto giants launching noteworthy ETFs, the said development is one of the leading factors that may catapult SHIB to touch new highs. With financial giants expressing interest in launching ETFs of notable crypto tokens such as XRP and Dogecoin, the SHIB community cannot help but wonder about SHIB ETFs being considered under the mix. The announcement and launch of the Shiba Inu ETF (if agreed upon) can be deemed a crucial, pathbreaking moment for SHIB. The aforementioned development may usher in new attention for the token to bask in.

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Will SHIB ETF Help The Token Hit $0.01?

Per ChatGPT, Shib ETFs can prove to be a monumental feat for the ecosystem to bask in. For instance, the launch of SHIB ETFs may boost the token’s institutional adoption, bringing in more users aboard. At the same time, the development will secure massive liquidity, helping the token climb to new price highs.

The launch of the SHIB ETF will also “validate” or legitimize the asset. This development may help the token gain a more central, dependable spotlight.

SHIB GPT STATS
Source: ChatGPT

However, for the token to hit $0.001, SHIB may require major token burns and hype stronger than BTC and ETH to hit the aforementioned spot. The portal later predicted that SHIB may take a while to hit $0.001. However, a more realistic price spot for SHIB to claim would be $0.0001 with continued market support.

Source: ChatGPT

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