Bitcoin
Here Are Shiba Inu Prices If Bitcoin Hits $150K, $325K, $500K, and $1M
Shiba Inu could rally to $0.003, $0.0001015, $0.0001, and $0.0003117 if Bitcoin hits $150,000, $325,000, $500,000, and $1 million as projected by top experts.
Bitcoin continues to dictate the tone for the broader crypto market. The leading asset’s recent drop has caused a significant drop in the broader market, with tokens like SHIB suffering substantial losses.
Despite this collapse, leading experts remain confident that Bitcoin will embark on a bull run soon. Some market observers project that the flagship asset could rise to $150,000, $325,000, $500,000, and $1 million.
Interestingly, the general consensus is that if Bitcoin hits these levels, Shiba Inu’s correlation with it could see the meme coin see similar price gains.
Shiba Inu Correlation with Bitcoin
It is no longer news that Bitcoin’s price action determines the performance of other crypto assets, including SHIB.
Crypto Basic recently reported that there is a strong correlation between the prices of Shiba Inu and Bitcoin. Data from IntoTheBlock shows that Shiba Inu has boasted an 85% correlation with Bitcoin over the past 30 days.
This implies that the price of Shiba Inu has been in sync with Bitcoin’s movement to higher levels. At the time of publication, the price of Shiba Inu has fallen by 4.97% in the last seven days, while the price of Bitcoin has fallen by 5.27% in the same period.
Given Shiba Inu’s close correlation with Bitcoin, analysts expect significant increases for the dog-themed token if Bitcoin hits projected prices of $150,000, $325,000, $500,000, and $1 million.
Here’s What SHIB Will Price If BTC Hits $150,000
According to top trader Wizard Crypto, BTC could reach a target of $150,000 during the peak of the bull market. The prediction aligns with that of Standard Chartered projection $150,000 by the end of the year for Bitcoin.
While Standard Chartered did not indicate what level SHIB would rise to if Bitcoin hits $150,000, Wizard Crypto speculates the dog-themed token would change hands at $0.003. The $0.003 prediction marks a 34,905% increase from the current price of $0.00001714.
SHIB Price if Bitcoin Hits $325,000
Crypto Basic yesterday analyzed Shiba Inu’s potential price surge if Bitcoin hits $325,000, as projected by top asset manager VanEck. Notably, the asset manager also predicted Ethereum (ETH) to surge to $22,000.
With BTC and ETH trading at $61,738 and $3,460 at the time of yesterday’s report, VanEck’s projection marked an increase of 426.4% and 536.5%, respectively.
Given SHIB’s 85% and 94% correlation with BTC and ETH, we project that the dog-themed token could also surge tremendously if both assets hit VanEck’s forecast. Using the average of the 481% projection, The Crypto Basic predicted that SHIB could surge to $0.0001015 from $0.00001747, the price recorded at the time of the report.
Here’s What SHIB Will Price If BTC Hits $500,000
Recall that with BTC rising to $42,000 earlier this year, Bloomberg speculated that the price increase is the start of a bull run that could take the flagship asset to $500,000.
Consequently, in February, consulted the services of two popular AI chatbots, Google Bard (now Gemini) and ChatGPT, to check the price of SHIB if BTC hits the coveted $500,000 target. While ChatGPT projected that SHIB could hit $0.01 if BTC traded at $500,000, Google Bard stated that the token could trade between $0.0001 and $0.001.
To reach the targets of $0.01, $0.001, and $0.0001, SHIB must rise by 58,243%, 5,743%, and 483.43% respectively from the current price of $0.00001714.
SHIB Could Hit $0.0003117 If BTC Hits $1 Million
Earlier this month, leading asset manager Bernstein predicted that Bitcoin would rise astronomically in the coming years, potentially reaching a staggering $1 million by 2033. reported previously, the $1 million price projection marked a 1,409% increase from Bitcoin’s price of $66,273 on June 20.
Based on SHIB’s correlation with BTC, The Crypto Basic applied the 1,409% growth rate to the dog-themed token and found that its price could surge to $0.0003117 if BTC hits $1 million.
Disclaimer: This content is informative and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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