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Wizard Crypto expects Shiba Inu ($SHIB) to hit a target of $0.003 if Bitcoin trades at $150,000 per coin in the upcoming bull run.
The crypto market has continued to witness a broader onslaught, wreaking havoc on the prices of top assets like Shiba Inu and Bitcoin. While $BTC dropped to a weekly low of $63,554, $SHIB’s price crashed to a low of $0.00001742 in the same timeframe.
Despite the recent bloodbath, market participants expect these assets to embark on a significant recovery during a bull run.
$SHIB to Reach $0.003 if $BTC Hits $150K
In particular, pseudonymous crypto expert Wizard Crypto recently projected that $BTC will reach a price target of $150,000 per coin during the peak of this season’s bull run.
The target aligns with a similar prediction issued by British multinational banking giant Standard Chartered. As reported earlier, Standard Chartered projected that $BTC would hit $150,000 by the end of 2024.
Furthermore, Wizard Crypto also projected that Shiba Inu could hit a target of $0.003 within the same period $BTC is anticipated to reach $150,000. Hitting the $0.003 target would require Shiba Inu to rally 16,520% from its current price of $0.00001805.
Notably, the expert did not indicate any factor that could propel $SHIB’s price for a surge toward the $0.003 level. However, Wizard Crypto’s prediction suggests that they are relying on Shiba Inu’s correlation with Bitcoin to drive the price of $SHIB to $0.003.
My #bullrun targets$Btc $150.000$Eth $10.000$Bnb $1.500$Sol $500$Cro $2$Shiba $0,003$Doge $3$Ton $80$Floki $0.005$Xrp $3$Avax $250$Dot $60$Matic $8$Pepe $0,001$Ada $8$Usdt $1 🙂 – ape life savings
— Wizard Crypto (@WizardCalls) June 12, 2024
Shiba Inu’s Potential Surge to $0.003
Besides Wizard Crypto, other prominent experts have also issued a similar $0.003 price target for Shiba Inu. However, they believe Shiba Inu would wait several years before achieving the feat.
For instance, experts at crypto trading platform Changelly projected that $SHIB would hit the $0.003 target by 2040, 16 years from now. In addition, crypto prediction platform Telegaon expects the $0.003 price target to become a reality by 2035. Furthermore, popular AI chatbot ChatGPT forecasted that $SHIB could hit the target by 2044, almost 20 years from now.
Although $SHIB experienced more remarkable growth in 2021, it will take more than its correlation with Bitcoin to reach $0.003 if $BTC hits the $150,000 mark.
Nonetheless, several factors, including an unprecedented level of adoption, increased utility, and hefty burns, could play a pivotal role in $SHIB’s potential surge to the $0.003 level.