The potential rise in price to a high target of one million dollars could significantly impact the price, potentially driving it to an all-time high.

Given the positive outlook for Bitcoin's price from stakeholders in the field, investors have remained optimistic about Bitcoin's prospects. Among the many targets set for Bitcoin, the one million dollar prediction has garnered the most interest in the cryptocurrency community.

Bitcoin price prediction

To one million dollars

There seems to be a consensus among stakeholders in the field that Bitcoin will reach a price target of one million dollars in the future. Earlier this month, Mike Novogratz, CEO of Galaxy Digital, predicted that institutional adoption would drive Bitcoin's price to one million dollars, potentially helping this asset surpass gold’s valuation.

Additionally, Brandon Green, Chief of Staff at Bitcoin, predicted that Bitcoin's price would rise to one million dollars this year. Similarly, Michael Saylor, CEO of MicroStrategy, indicated that Bitcoin is heading towards the one million dollar target in the near term.

Stakeholders in this sector, such as Arthur Hayes from Bi,,tM,EX and Charles Hoskinson, founder of , have also set a date for Bitcoin trading at one million dollars. While Hayes expects Bitcoin to reach one million dollars by 2028, Hoskinson sees the price being achieved two years later, specifically in 2030.

Total market cap of cryptocurrencies in the event Bitcoin reaches one million dollars

Reaching a one million dollar target represents an approximate increase of 831% from the current Bitcoin price of $107,412. Given Bitcoin's dominance in the market, its rise to one million dollars would not only enhance its market cap but also elevate the total value of the entire cryptocurrency market.

Therefore, applying a growth rate of 831% to the total market cap of cryptocurrencies at $3.29 trillion would raise it to $30.63 trillion. With the total market cap reaching $30.63 trillion, major cryptocurrencies like Shiba Inu may see significant price increases.

A significant increase. The potential impact on Shiba Inu

It is noteworthy that we estimated the price of Shiba Inu if it maintained its current market share and its global value rose to $30.63 trillion. For clarification, Shiba Inu is currently trading at $0.00001142 per token, with a market cap of $6.73 billion.

Shiba Inu is valued at $6.73 billion, representing 0.20% of the total market cap of cryptocurrencies. With a market share of 0.20%, its market cap could reach $61.26 billion if its global value rises to $30.63 trillion.

With a market cap of $61.26 billion, the value of the Shiba Inu token would be $0.0001, assuming Shiba Inu maintains its supply of approximately 589.25 trillion tokens.

The price of Shiba Inu if Bitcoin reaches one million dollars

Will the price of Shiba Inu reach $0.0001?

Although this analysis is merely speculation, the price reaching $0.0001 has gained substantial momentum in the Shiba Inu market. Some market analysts believe that Shiba Inu will achieve this new price target this year.

For example, Forbes Global Business magazine noted in a report that Shiba Inu would reach its expected target of $0.0001 by the end of 2025. It also mentioned that Shiba Inu is likely to continue growing to $0.0003 during the specified period.

Similarly, market analyst Younis Wong predicted that Shiba Inu would exceed the $0.0001 target and rise to $0.000125 this year. In a previous analysis, Crypto Basic consulted the Chat,,GPT platform to determine when Shiba Inu would achieve the $0.0001 target. It is worth noting that the AI model indicated that the price of SHIB would rise to $0.0001 between 2025 and 2026.

However, forecasts from Chan,,gelly and Teleg,,aon suggest that SHIB may not reach $0.0001 soon. While Chan,,gelly expects SHIB to hit $0.0001 by November 2029, Tele,,gaon indicates that this target will be achieved by 2027.