- If Bitcoin hits Ark Invest’s $2.4 million target by 2030, Shiba Inu could see a massive price surge, potentially reaching $0.0003737.
- This would boost SHIB’s market cap to $220.2 billion, creating significant gains for investors holding large amounts of the token.
Shiba Inu (SHIB) could be in for a major price explosion if Bitcoin (BTC) reaches the lofty $2.4 million target projected by Ark Invest. Based on the current 82% correlation between SHIB and BTC, analysts are speculating just how high Shiba Inu’s price could soar if it continues to mirror Bitcoin’s movements.
Last week, Ark Invest — a multi-billion-dollar asset manager — stunned the crypto world by releasing updated 2030 predictions for Bitcoin. Their new forecast places Bitcoin at a bear case of $500,000, a base case of $1.2 million, and a bullish case of $2.4 million. Such a rise would represent a staggering 2,434% increase from Bitcoin’s current price of around $94,687.
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With Shiba Inu currently trading at $0.00001475, a similar 2,434% rally would catapult its price to approximately $0.0003737. This would push SHIB’s market capitalization to a massive $220.2 billion — assuming its circulating supply stays the same. For context, an investor holding 100 million SHIB today (worth roughly $1,475) would see their holdings surge to around $37,370 if this bullish scenario plays out.
While Ark’s timeline points to 2030 for Bitcoin’s potential peak, other forecasts suggest varying timelines for SHIB’s rise. Changelly predicts Shiba Inu might hit $0.00037 by January 2033, whereas Telegaon is slightly more optimistic, projecting a 2029 arrival. Some earlier analyses also suggest SHIB could achieve similar heights if Dogecoin rallies to $5.
However, it’s important to remember that these projections are speculative. Crypto markets are notoriously volatile, and while Shiba Inu often outpaces Bitcoin during bullish runs — evident in SHIB’s 5.78% surge compared to Bitcoin’s 1.89% gain in the past 24 hours — there are no guarantees.
Still, for SHIB enthusiasts, the prospect of such a monumental rally offers plenty of reason for excitement as the broader crypto market eyes new all-time highs.
