What would happen to Shiba Inu if Bitcoin reaches $2.4 million? IntoTheBlock data shows that currently, Shiba Inu has a correlation of up to 82% with Bitcoin. The close correlation between SHIB and Bitcoin prices indicates that if Bitcoin reaches the forward target price of $2.4 million set by Ark Invest, the value of SHIB could drop another zero. The future of Shiba Inu largely depends on Bitcoin's performance, as many experts speculate on what will happen to this popular meme coin if Bitcoin reaches the forward target price of $2.4 million. What would happen to SHIB if Bitcoin reaches $2.4 million? Price, market, risk.
Ark Invest's bold predictions for Bitcoin
Ark Invest recently released its latest Bitcoin price prediction for 2030, shocking the entire cryptocurrency community. This asset management company, which manages billions in assets, predicts that in a bear market, Bitcoin's price could reach around $500,000; in a base case, Bitcoin's price could reach around $1.2 million; and in a bull market, Bitcoin's price could even reach an astonishing $2.4 million. As of the writing of this article, these target prices represent potential increases of 428%, 1,167%, and 2,434% over Bitcoin's current price of $94,687.
In fact, several factors could drive Bitcoin to this height, such as increased institutional investment in spot BTC ETFs and the growing role of Bitcoin as an inflation hedge. National adoption and corporate financial integration are also considered potential catalysts.
Potential price trends for SHIB
If Shiba Inu maintains its correlation with Bitcoin, the price of SHIB could rise accordingly. Currently, Shiba Inu is trading at about $0.00001475. If Bitcoin reaches $2.4 million, the price of Shiba Inu could increase significantly by 2,434%, bringing SHIB's price to about $0.0003737.
Assuming the circulating supply remains relatively unchanged, at this price point, the market cap of Shiba Inu would expand to approximately $220.2 billion. This is a significant increase from its current valuation of $8.69 billion, and such growth momentum will undoubtedly attract more attention.
What does this mean for SHIB holders?
If these predictions do come true, the impact on SHIB investors will be quite significant. An investor holding about 100 million SHIB tokens (currently worth about $1,475) would see their holdings increase to approximately $37,370 based on the predicted price.
SHIB has historically outperformed Bitcoin during market rebounds. Recently, Bitcoin has only risen 1.89% in the last 24 hours, while SHIB surged 5.78%, demonstrating its potential for amplified returns in a bull market.
SHIB development timeline predictions
According to Ark's timeline, in a bull market scenario, Bitcoin's price could reach $2.4 million by 2030. If we look at what could happen to Shiba Inu if Bitcoin reaches $2.4 million during this period, then SHIB could potentially drop to $0.0003737 at the same time.
Other market analysts' predictions vary slightly. Analysis from Changelly indicates that the price of Shiba Inu will reach $0.00037 by January 2033, about three years later than Ark's timeline. Meanwhile, Telegaon expects SHIB's price to reach this level in 2029, slightly earlier than expected.
Risk considerations for SHIB investors
The outlook for the cryptocurrency bull market remains optimistic, but there are also uncertainties. While the correlation between SHIB and Bitcoin suggests that both will grow in sync, this relationship is sure to change over time. SHIB's market cap is particularly susceptible to sudden shifts in investor sentiment and potentially unexpected regulatory changes.
The ongoing prediction for Shiba Inu's price is that it will reach $0.001, which remains a long-term goal for many enthusiastic investors. However, even if the above ambitious expectation is reached, sustained growth will be necessary. Achieving such a valuation may not only require correlation with Bitcoin but also fundamental development of the ecosystem.
The bigger picture
The birth of Shiba Inu marks a significant period of development in the cryptocurrency market. While innovation continues to progress rapidly, some regions have established institutional oversight and regulatory standards. After Bitcoin reaches $2.4 million, the success of Shiba Inu will depend on two main factors: the development of the Bitcoin market and the advancement of the Shiba Inu technological system.
SHIB primarily exists through the market trends of Bitcoin, as Bitcoin remains its main market indicator. The validity of 'Shiba Inu' reaching $0.0003737 by 2030 will depend on the evolution of the future cryptocurrency bull market, but its potential for success cannot be overlooked.
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