Shiba Inu might remove another zero from its price if SHIB proportionally tracks Bitcoin’s gains to Ark Invest’s target of $2.4 million.  

Like most crypto assets, Shiba Inu has closely followed Bitcoin’s price action in recent times. Leading blockchain analytics platform IntoTheBlock puts Shiba Inu’s 30-day correlation with Bitcoin at 82%, indicating that the world’s largest cryptocurrency strongly influences SHIB’s price action. 

Based on this strong correlation, many wonder how high SHIB’s price could climb if it grows in tandem with Bitcoin and the premier asset reaches Ark Invest’s $2.4 million target.