Here’s the price of Shiba Inu if Bitcoin hits $250,000 and $777,000

Shiba Inu will break unprecedented price lows if it mirrors Bitcoin’s trajectory towards the projected limits of $250K and $777K.

The crypto market witnessed a brief struggle with bearish forces as Bitcoin re-entered the $70K range this week. In the last two days, Bitcoin suffered a 7.76% drop, retesting the $66,000 price level. In comparison, Shiba Inu had a more significant drop, dropping 12%.

Meanwhile, Bitcoin has resumed the uptrend, reclaiming a high of $69,220 in the last 24 hours. Altcoins like Shiba Inu followed suit, with SHIB rising 6.25% from its previous low of $0.00002352 to trade at $0.00002499.

As the second phase of the bull run gradually gains momentum, expectations remain high regarding The potential price of Shiba Inu in a scenario where the market’s main driver, Bitcoin, sets all-time highs at ambitious price levels such as $250,000 or even $777,000.

Shiba Inu Price When Bitcoin Hits $250,000

At last check, Bitcoin trades for $68,678. The leading cryptocurrency is expected to advance 264% to potentially reach the $250,000 target. This price level will raise Bitcoin’s market value to approximately $5 trillion, exceeding the combined valuation of Apple and Amazon.

Prominent industry figures on the $250K target for Bitcoin include billionaire Tim Draper and founder of Real Vision Raoul Pal.

Meanwhile, analyst Jason Williams, who recently championed Bitcoin’s $250,000 outlook, suggested the Shiba Inu price along with it. Specifically, Williams proposed $0.05 for SHIB in a scenario where Bitcoin trades at a quarter of a million dollars.

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Typically, factoring Bitcoin’s 264% rise to $250K only puts Shiba Inu’s value at $0.00008947, although this represents a new ATH for SHIB. Williams’ suggestion of $0.05 for Shiba Inu reflects the historical outperformance of altcoins relative to Bitcoin, especially meme coins like Shiba Inu.

For example, after the 2020 halving, Bitcoin’s cumulative uptrend amounted to a 721% gain. At the same time, Shiba Inu shot 884,400%, eliminating three zeros in one year.

Shiba Inu Price When Bitcoin Hits $777,000

Notably, this season’s $777,000 Bitcoin target came from widely followed on-chain analyst Yazan. The suggestion predicts a 10X gain or 1,031% increase for BTC by 2025. A similar percentage growth would take Shiba Inu to a new all-time high of $0.0002780.

Meanwhile, Yazan proposed a $0.05 price level for Shiba Inu should Bitcoin rise 1,031% this cycle.

What does SHIB at $0.05 mean

With SHIB trading at $0.00002458 at press time, the projected target of $0.05 implies Shiba Inu should have risen 203,317% next year.

Notably, a price of $777,000 per BTC would give Bitcoin a market value of over $15.31 trillion. In contrast, a price of $0.05 per Shiba Inu would result in a market value of more than $29.46 trillion, almost double that of Bitcoin.

Essentially, Williams and Yazan inadvertently suggested a scenario where Shiba Inu will replace Bitcoin as the number one cryptocurrency by 2025, a view rejected as wishful thinking by many prominent experts.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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