Shiba Inu (SHIB) is expected to reach a target of $0.003 if Bitcoin trades at $150,000 per coin in the upcoming bull run, according to Wizard Crypto. The crypto market has been experiencing a broader downturn, causing prices of top assets like Shiba Inu and Bitcoin to plummet. Bitcoin dropped to a weekly low of $63,554, while SHIB’s price crashed to a low of $0.00001742.
Despite the recent decline, market participants are optimistic about a significant recovery for these assets during a bull run. Wizard Crypto, a pseudonymous crypto expert, has projected that BTC will reach $150,000 per coin during the peak of this season’s bull run, aligning with a similar prediction from Standard Chartered.
Wizard Crypto also believes that Shiba Inu could reach a target of $0.003 when BTC hits $150,000. Achieving this target would require SHIB to rally 16,520% from its current price of $0.00001805. While the expert did not specify the factors that could drive SHIB’s price surge, the prediction suggests a reliance on Shiba Inu’s correlation with Bitcoin.
Other experts, including those at Changelly, Telegaon, and popular AI chatbot ChatGPT, have also issued a similar $0.003 price target for Shiba Inu. However, they anticipate that it may take several years, ranging from 16 to 20 years, for SHIB to reach this level.
While SHIB has experienced significant growth in 2021, it will require more than just its correlation with Bitcoin to reach $0.003 if BTC hits $150,000. Factors such as increased adoption, utility, and burns could play a crucial role in SHIB’s potential surge to the $0.003 level.
It is important to note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses.