What happens to Shiba Inu if Bitcoin reaches $2.4 million? IntotheBlock shows that Shiba Inu follows Bitcoin by a correlation of 82% at this point. The close level of price correlation between Shib and Bitcoin indicates that if Bitcoin reaches an ambitious $2.4 million target price, according to Ark Invest, Shib can further reduce zero from its value. Shiba Inu’s future relies heavily on Bitcoin’s performance as many experts have speculated what will happen to the popular Meme Coin if Bitcoin reaches its ambitious $2.4 million price range.
What happens to Shiv if Bitcoin reaches $2.4 million? Price, market, risk
Ark Invest’s Bold Bitcoin Prediction
Ark Invest recently surprised the entire Crypto community with its latest Bitcoin price forecast for 2030. Multi-billion dollar asset managers essentially predict that Bitcoin could reach around $500,000 in the basic scenario, about $1.2 million in the basic case, or even $2.4 million in the bull scenario. At the time of writing, these targets represent a potential increase of 428%, 1,167% and 2,434% from the current price of Bitcoin.
Several factors that could drive Bitcoin to these heights have actually been identified, including an increase in institutional investment in spot BTC ETFs and an increase in the role of Bitcoin as an inflation hedge. The adoption of nation-states and integration of the Ministry of Corporate Finance were also mentioned as potential catalysts.
Shiv’s potential price trajectory
If Shiba Inu maintains a correlation with Bitcoin, the price of SHIB could skyrocket proportionally. Currently trading at around $0.00001475, so if Bitcoin reaches $2.4 million, if you look into what will happen to Shiba Inu, you’ll see a rather dramatic 2,434% increase, bringing Shib’s price to around $0.0003737.
At this price range, Shiba Inu’s market capitalization will expand to around $2200 billion, assuming that the circular supply remains more or less constant. This represents a massive jump from the current $86.9 billion valuation, and such growth will undoubtedly attract additional attention.
What does this mean for SHIB owners?
If these predictions actually come true, the impact on SHIB investors is quite important. Investors who currently hold roughly 100 million shib tokens worth around $1,475 will see their holdings increase to around $37,370 at the expected price.
Shiv has historically surpassed Bitcoin during market rallies. Bitcoin has recently increased by just 1.89% in the 24 hours, while Shiv has surged at an impressive 5.78%, indicating the potential for returns amplified during bullish market conditions.
Timeline projection for Shiv’s growth
Based on Ark’s timeline, Bitcoin could reach $2.4 million in Bull scenarios by 2030. And if Bitcoin reaches $2.4 million within this time frame, looking at what happens to Shiba Inu, Shib could reach $0.0003737 over the same period.
Other market analysts have slightly different forecasts. Changelly’s analysis suggests that Shiba Inu will reach $0.00037 by January 2033. This is about three years later than Ark’s timeline. Meanwhile, Telegaon expects Shiv to hit this mark by 2029 slightly earlier than expected.
Risk considerations for SHIB investors
Crypto Bull Run Outlook remains positive, but somewhat uncertain. The correlation between SHIB and Bitcoin suggests aligned growth, but this relationship can undoubtedly change over time. Shiba Inu’s market capitalization is particularly susceptible to sudden changes in investor sentiment and the development of regulations that may emerge unexpectedly.
Shiba INU’s price forecast ongoing towards $0.001 remains a long-term goal for many enthusiastic investors, but even the ambitious scenarios mentioned above require sustained growth. The path to such an assessment will likely include not only correlation with Bitcoin, but also the development of basic ecosystems.
The whole picture
The launch of Shiba Inu represents the period in which the crypto market has experienced substantial advances. Despite the rapid sustainability of innovative development, some regions have established both institutional oversight and regulatory standards. Shiba Inu’s success after Bitcoin reached $2.4 million depends on two main factors: the development of the Bitcoin market and the advancement of Shiba Inu’s technology system.
Sib exists primarily throughout the movement of the Bitcoin market, as Bitcoin remains a major market indicator. The effectiveness of Shiba Inu, which reached $0.0003737 by 2030, depends on the evolution of future cryptobull runs, but its potential success cannot be ruled out.
