$SHIB
Since Bitcoin often drives the performance of assets like Shiba Inu, a surge to $1.3 million or $2.97 million is likely to trigger a major rally for SHIB as well. For context, Bitcoin is currently trading at $108,451 per coin.
Reaching the $1.3 million target would demand a 1,098% surge from Bitcoin’s current price, while the $2.97 million projection represents an even steeper climb of 2,638%.
If Shiba Inu grows in tandem, mirroring Bitcoin’s 1,098% growth to $1.3 million or its 2,638% surge to $2.97 million, the top meme-based token could reach unprecedented levels. Currently, Shiba Inu is trading at $0.00001243, which translates to a market capitalization of approximately $7.32 billion.
Applying the 1,098% growth to Shiba Inu’s price would drive it to $0.0001489. Also, if SHIB rallies by 2,638%, its price would spike to $0.0003403. Therefore, if Bitcoin clinches Bitwise’s 2035 target of $1.3 million or $2.97 million, Shiba Inu might also rally to $0.0001489 or $0.0003403, respectively.
Shiba Inu has not reached any of the estimated targets in its lifetime. Its highest peak price of $0.00008845 is 68.34% lower than the $0.0001489 target and 284% lower than the $0.0003403 price.
