Here's what the price of a Shiba Inu would be if Bitcoin hit $250,000 and $777,000

Shiba Inu will break through unprecedented price lows if it mirrors Bitcoin’s projected trajectory towards the $250,000 and $777,000 thresholds.

This week, the cryptocurrency market experienced a brief struggle with the bears as Bitcoin once again crashed into the $70,000 range. Over the past two days, Bitcoin has fallen 7.76% and retested the $66,000 price level. In comparison, Shiba Inu has seen a much larger drop, plummeting 12%.

Meanwhile, Bitcoin has resumed its uptrend, recovering a high of $69,220 in the past 24 hours, with altcoins such as Shiba Inu following suit, with SHIB trading at $0.00002499, up 6.25% from the previous low of $0.00002352.

As the second phase of the bull market gradually gains momentum, Potential price of a Shiba Inu This scenario sees market-leading Bitcoin hitting all-time highs at ambitious price levels such as $250,000 or $777,000.

Shiba Inu price when Bitcoin hits $250,000

At the latest check, Bitcoin is trading at $68,678. The leading cryptocurrency would need to rise by 264% to reach the $250,000 target. This price level would raise Bitcoin’s market cap to around $5 trillion, surpassing the combined market cap of Apple and Amazon.

Prominent industry figures who have set a $250,000 target for Bitcoin include: Billionaire Tim Draper Founder of Real Vision Raoul Pal.

Meanwhile, analyst Jason Williams, who recently predicted Bitcoin would hit $250,000, also suggested a Shiba Inu price alongside his prediction. Specifically, Williams suggested a Shiba Inu price of $0.05 in a scenario where Bitcoin trades at $250,000.

My goals for this cycle:$BTC 250,000 $ETH $10,000 $sol $6,200 $Doge $40 $XRP $0.50$ADA $0.50$SHIB $0.05$AVAX $1,000$link $480$LTC $800$Pepe $0.10$HBAR $0.10$ICP 3 dollars$WIF 3 dollars

— Jason A. Williams (@GoingParabolic) May 15, 2024

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Normally, Shiba Inu would only be worth $0.00008947, given Bitcoin's 264% surge to $250,000, but this represents a new all-time high for SHIB. Williams' suggestion of Shiba Inu at $0.05 reflects the historical outperformance of altcoins over Bitcoin, especially meme coins like Shiba Inu.

For example, after the 2020 halving, Bitcoin's cumulative uptrend was up 721%. Increased by 884,400% We will cut three zeros within a year.

Shiba Inu price when Bitcoin hits $777,000

Notably, Bitcoin’s target price of $777,000 this season comes from widely followed on-chain analyst Yazan, who predicts that Bitcoin will rise 10x, or 1,031%, by 2025. A similar percentage growth would see Shiba Inu reach an all-time high of $0.0002780.

Meanwhile, Yazan suggested that if Bitcoin rises 1,031% this cycle, the Shiba Inu price level would be $0.05.

My goals for this cycle:$BTC $777,000 $ETH $85,000 $sol $6,200 $Doge $40 $XRP $0.50$ADA $0.50$SHIB $0.05$AVAX $1,000$link $480$LTC $800$Pepe $0.10$HBAR $0.10$ICP 3 dollars$WIF 3 dollars

— Yazan (@YazanXBT) May 15, 2024

What does SHIB's $0.05 mean?

SHIB is trading at $0.00002458 at the time of writing, and a projected $0.05 price target means Shiba Inu needs to rise 203,317% by next year.

It is worth noting that at a price of $777,000 per BTC, Bitcoin's market cap would exceed $15.31 trillion. In contrast, at a price of $0.05 per Shiba Inu, the market cap would exceed $29.46 trillion, almost double Bitcoin's.

Essentially, Williams and Yazan inadvertently hinted at a scenario in which Shiba Inu replaces Bitcoin as the number one cryptocurrency by 2025. View It has been dismissed as wishful thinking by many prominent experts.