Here’s an exclusive article on the potential price of Shiba Inu if Bitcoin reaches $250,000 and $777,000.
Shiba Inu is expected to reach unprecedented price levels if it follows Bitcoin’s trajectory towards the projected thresholds of $250,000 and $777,000. The crypto market recently faced some bearish pressure as Bitcoin dipped to the $70,000 range. While Bitcoin experienced a 7.76% drop, Shiba Inu saw a more significant decrease of 12%.
However, both Bitcoin and Shiba Inu have since resumed their upward trends. Bitcoin reclaimed a high of $69,220 in the past 24 hours, while SHIB rallied 6.25% from its low of $0.00002352 to trade at $0.00002499.
As expectations build for the second phase of the bullish race, many are wondering about Shiba Inu’s potential price if Bitcoin reaches all-time highs of $250,000 or even $777,000. At the current trading price of $68,678, Bitcoin needs to advance by 264% to potentially reach the $250,000 target. This would elevate Bitcoin’s market cap to around $5 trillion, surpassing the combined valuation of Apple and Amazon.
Prominent figures like billionaire Tim Draper and Real Vision founder Raoul Pal have expressed optimism about Bitcoin hitting the $250,000 mark. Joining these projections, analyst Jason Williams suggested that Shiba Inu could reach $0.05 in a scenario where Bitcoin trades at a quarter of a million dollars.
Ordinarily, if Bitcoin surges by 264% to $250,000, Shiba Inu’s value would only be around $0.00008947, representing a new all-time high. However, the suggestion of $0.05 for Shiba Inu reflects the historical outperformance of altcoins over Bitcoin, especially meme coins like Shiba Inu. For instance, after the 2020 halving, Bitcoin’s cumulative uptrend amounted to a 721% gain, while Shiba Inu soared by a staggering 884,400%, eliminating three zeros within a year.
Looking ahead, if Bitcoin reaches the target of $777,000, on-chain analyst Yazan proposed a similar percentage growth for Shiba Inu, pushing the price to a new all-time high of $0.0002780. Yazan also suggested a $0.05 price for Shiba Inu if Bitcoin rallies by 1,031% this cycle.
With Shiba Inu currently trading at $0.00002458, reaching the projected $0.05 target would imply a 203,317% rally by next year. Notably, a $777,000 price per BTC would give it a market cap of over $15.31 trillion, while a $0.05 price per Shiba Inu would result in a market cap exceeding $29.46 trillion, nearly double that of Bitcoin.
While these projections by Williams and Yazan suggest a scenario in which Shiba Inu replaces Bitcoin as the number one crypto by 2025, many experts dismiss this as wishful thinking. Nonetheless, these price targets highlight the potential growth and impact of Shiba Inu in the crypto market.