Here is the Shiba Inu price if Ethereum hits $10,000 or $85,000

Shiba Inu could set a new all-time price level in a scenario in which SHIB mirrors Ethereum’s trajectory if ETH ever hits $85,000.

The crypto market saw significant momentum over the past day, with Ethereum standing out as one of the top performers while Shiba Inu gradually followed the trend. Specifically, ETH touched $3,714 earlier today, up about 21% from the intraday low of $3,073.

At the same time, Shiba Inu rallied around 10%, reclaiming a multi-week high of $0.00002613. These commendable gains in ETH and SHIB came as Bitcoin regained the $71,000 mark lost two months ago.

The result suggests the start of the second phase of the bull run of this cycle, where coins like Shiba Inu and other altcoins are projected. to surpass Bitcoin.

As the question of how much the value of major altcoins like Shiba Inu and ETH could rise arises, The Crypto Basic explored the potential market value of SHIB in a scenario in which altcoin market leader Ethereum exceeds levels prices of $10,000 and $85,000.

Shiba Inu Price When Ethereum Hits $10,000

At press time, ETH has corrected some of its recent gains, with its market value now hovering around $3,673. As a result, for ETH to reach $10,000 from this level, it must advance by 172.26%.

Notably, Ethereum peaked at $4,891 during the 2021 bull frenzy. Essentially, the $10,000 price level would mark new history for the altcoin leader, putting its valuation at over $1.2 trillion. dollars. Prominent market analysts have raised the possibility of this $10,000 mark coming to fruition during this bull cycle. Jason Williams, Bitcoin advocate recently propose this view in an article on X.

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Meanwhile, same bullish projections have also been extended to Shiba Inu. At last check, Shiba Inu was trading at $0.00002554. If SHIB rises by 172%, mirroring the trajectory of ETH, its market value will be $0.00006947. Notably, this price would still be below Shiba Inu’s all-time high of $0.00008845. Nonetheless, the price of $0.00006947 would bring SHIB’s market share to $40.94 billion.

While analyst Williams believes ETH could reach $10,000 this season, he does not agree that SHIB would only reach $0.00006947 in such a scenario. His projection for Shiba Inu in this market cycle is $0.05.

SHIB price when ETH hits $85,000

In the meantime, Ethereum trading at $85,000 one day implies that the asset has increased 22 times, or 2,214%, from its current market value. Bitcoin on-chain analyst Yazan recently proposed that ETH could achieve this 22x growth by 2025.

Meanwhile, a similar 22x growth would propel The value of the Shiba Inu to a new all-time high at $0.000591. At this price level, Shiba Inu would have a market capitalization of around $348 billion. Notably, this hypothetical valuation is significantly below the current market capitalizations of Ethereum and Bitcoin.

Remarkably, analyst Yazan proposed that where Ethereum reaches a value of $85,000, Shiba Inu would have a price of $0.05. Recall that analyst Williams also believes that Shiba Inu’s target for this cycle is $0.05, but with an ETH of $10,000.

Yazan and Williams’ collective perspective stems from historical observations that meme coins often generate more commendable performance than larger-cap cryptos like Bitcoin and Ethereum.

However, it is worth noting that projections of ETH hitting $85,000 or SHIB hitting $0.05 this cycle jointly oppose the widely held opinions of other industry commentators. Prediction platforms like Telegaon And Changelly argued that $0.05 could be reached for SHIB in coming decades rather than next year. Accordingly, these projections should not be considered investment advice.

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 opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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