Shiba Inu's price continues its upward climb, and experts predict that the meme coin is gearing for a spot in the top three cryptocurrencies by Crypto market capitalization. Shiba Inu's price historically retraces after SHIB Inu millionaires sell their holdings. 

Shiba Inu, the meme coin that became popular as Dogecoin-killer, now ranks twelfth based on Crypto market capitalization, according to crypto data aggregator CoinGecko.

SHIB to flip ADA in the current rally, according to experts

The team behind the Shiba Inu consistently announces new updates to the ecosystem, keeping up with the latest cryptocurrency price trends. The news of the burn policy was followed by new listing announcements and the launch of 10,000 NFTs (Shiboshis). 

Coinbase listing was a key factor that triggered a rally in the token, driving the price to the $0.00003473 level. Though SHIB's price is 22% away from its all-time high, the meme token has made a massive comeback over the past four weeks. 

The implementation of the burn policy has fueled a SHIB bullish outlook among traders. Shytoshi Kusama, project head for the SHIB ecosystem, recently tweeted about the new burn policy and its impact on Shiba Inu. 

With its rapid growth and rising Crypto market capitalization, SHIB has already surpassed Litecoin LTC, Chainlink, and Avalanche. SHIB Inu's price is up over 245% in the past week. 

@DelCrypto, a stock market, and cryptocurrency analyst, recently argued that Shiba Inu is primed to rank in the top three cryptocurrencies by market capitalization. The analyst is of the opinion that SHIB Inu is likely to dethrone ADA. 

The narrative of "flipping" is used in the context of Ethereum ETH surpassing Bitcoin's market cap. The new "flipping" is SHIB Inu, possibly dethroning ADA and ranking in the top three cryptos. 

SHIB's current value market capitalization is $14.6 billion and five times increase puts Shiba Inu at par with Cardano. Cardano's market cap is $71 billion. 

Critics are rejecting the possibility of further growth in SHIB Inu price. Michael Burry, the investor who famously predicted the 2008 financial crisis, was recently quoted as saying:

Just saying, one quadrillion seconds is about 32 million years; One quadrillion days is 2.7 trillion years, or ALL of the TIME, from the beginning of the universe, multiplied by 71,000. In other words, pointless.

SHIB's token supply is capped at one quadrillion, and Burry considers the meme token pointless. Despite the critique, SHIB price is climbing higher. 

analysts have predicted that the meme coin is likely to present a buying opportunity to traders before hitting a target price of $0.00005.

ETH price action targets $4.646

Shiba Inu price offers entry levels for patient buyers