Bitcoin Author Projects Shiba Inu Up 193,774% to $0.05

A prominent Bitcoin expert has called for an extraordinary rally that would lift the Shiba Inu price 193,774% to $0.05.

In the last 24 hours, Shiba Inu has emerged among the best performing assets, posting gains of over 8%. Previously, SHIB recorded an intraday low of $0.00002365, but the emergence of bulls has pushed it to a new daily high of $0.00002592 at press time.

Shiba Inu’s gradual return has attracted optimistic market observers who are reviewing your perspective in the booming bull market. Bitcoin author Jason Williams is one such market watcher.

Shiba Inu will increase 193,774% this season

In a recent post on X, Williams boldly set a $0.05 target for Shiba Inu in this ongoing bull cycle. This ambitious Shiba Inu projection aligns with its anticipated Bitcoin entry to $336K between now and 2025.

At last check, Shiba Inu trades at $0.00002579. In the hypothetical scenario where Shiba Inu eliminates three zeros to trade at $0.05, it will have soared an astonishing 193,774%.

What does SHIB trading at $0.05 mean

Essentially, Williams anticipates a Price growth of 1,937 times for Shiba Inu by 2025. Notably, his projection for Bitcoin to reach $336K this cycle implies just a fourfold gain, putting BTC’s market cap at around $6.6 trillion. Other industry commentators have issued comparable targets for Bitcoin this cycle.

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Meanwhile, if Shiba Inu were to hit $0.05, its market cap would increase to $29.46 trillion, surpassing Bitcoin’s market cap by more than four times. This implies that Williams expects Shiba Inu to outperform Bitcoin in prominence this cycle, possibly without realizing it. This is highly speculative and unlikely.

Analytical Suggestion for When Shiba Inu Could Hit $0.05

On the other hand, forecasting platforms like Telegaon speculated about when Shiba Inu might reach $0.05. In a report, Telegaon suggested that SHIB could have a minimum price of $0.054 by 2040, sixteen years from now. At the same time, they proposed a minimum price of $704,543 for Bitcoin at that time.

Assuming Bitcoin has a circulating supply of 20 million by 2040, its market value would be $14 trillion. While this value is still below Shiba Inu’s hypothetical $29 billion threshold, SHIB’s massive supply is expected to have drastically decreased over the course of sixteen years.

Essentially, Shiba Inu’s market capitalization may not be $29 trillion by 2040 at a price of $0.05 due to its continually decreasing supply, unlike Bitcoin’s fixed supply.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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