Wizard Crypto Predicts Shiba Inu (SHIB) Could Reach $0.003 if Bitcoin Hits $150,000
The cryptocurrency market has been enduring a broad-based attack, wreaking havoc on the prices of major assets such as Shiba Inu and Bitcoin. As Bitcoin’s price dropped to a weekly low of $63,554, SHIB’s price also plummeted to a low of $0.00001742 during the same period.
Despite the recent market turmoil, market participants anticipate a significant recovery for these assets in the next bullish phase.
SHIB to Hit $0.003 if BTC Reaches $150,000
Specifically, a cryptocurrency expert known as Wizard Crypto recently predicted that Bitcoin would reach a target price of $150,000 per coin during the peak of this bull market cycle. This target aligns with a similar prediction made by the British multinational banking giant Standard Chartered, which previously forecasted Bitcoin reaching $150,000 by the end of 2024.
Additionally, Wizard Crypto has forecasted that Shiba Inu could hit a target price of $0.003 during the same period, contingent on Bitcoin reaching $150,000. Achieving the $0.003 target would require Shiba Inu to surge by 16,520% from its current price of $0.00001805.
Notably, the expert did not specify any factors that could drive SHIB’s price to $0.003. However, Wizard Crypto’s predictions imply that they are relying on Shiba Inu’s correlation with Bitcoin to propel SHIB’s price to $0.003.
Potential for Shiba Inu to Reach $0.003
In addition to Wizard Crypto, other prominent experts have also set a similar target price of $0.003 for Shiba Inu. However, they believe it will take several years for SHIB to achieve this milestone. For example, experts at the cryptocurrency trading platform Changelly expect SHIB to reach the target by 2040, about 16 years from now. The popular AI chatbot ChatGPT predicts that SHIB could hit the target by 2044, while the cryptocurrency prediction platform Telegaon anticipates the $0.003 target becoming a reality by 2035.
Although SHIB saw more notable growth in 2021, achieving $0.003 will require more than just its correlation with Bitcoin, even if BTC reaches the $150,000 mark. Several factors, including unprecedented levels of adoption, increased utility, and massive burning of tokens, could play a pivotal role in SHIB’s potential rise to $0.003.
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