Bitcoin

Here Are Shiba Inu Prices If Bitcoin Hits $150K, $325K, $500K, and $1M

Published

7 months ago

5 July, 2024

Here Are Shiba Inu Prices If Bitcoin Hits $150K, $325K, $500K, and $1M

Shiba Inu could rally to $0.003, $0.0001015, $0.0001, and $0.0003117 if Bitcoin hits $150,000, $325,000, $500,000, and $1 million as projected by top experts.

Bitcoin continues to dictate the tone for the broader crypto market. The leading asset’s recent drop has caused a significant drop in the broader market, with tokens like SHIB suffering substantial losses.

Despite this collapse, leading experts remain confident that Bitcoin will embark on a bull run soon. Some market observers project that the flagship asset could rise to $150,000, $325,000, $500,000, and $1 million.

Interestingly, the general consensus is that if Bitcoin hits these levels, Shiba Inu’s correlation with it could see the meme coin see similar price gains.

Shiba Inu Correlation with Bitcoin

It is no longer news that Bitcoin’s price action determines the performance of other crypto assets, including SHIB.

Crypto Basic recently reported that there is a strong correlation between the prices of Shiba Inu and Bitcoin. Data from IntoTheBlock shows that Shiba Inu has boasted an 85% correlation with Bitcoin over the past 30 days.

This implies that the price of Shiba Inu has been in sync with Bitcoin’s movement to higher levels. At the time of publication, the price of Shiba Inu has fallen by 4.97% in the last seven days, while the price of Bitcoin has fallen by 5.27% in the same period.

Given Shiba Inu’s close correlation with Bitcoin, analysts expect significant increases for the dog-themed token if Bitcoin hits projected prices of $150,000, $325,000, $500,000, and $1 million.

Here’s What SHIB Will Price If BTC Hits $150,000

According to top trader Wizard Crypto, BTC could reach a target of $150,000 during the peak of the bull market. The prediction aligns with that of Standard Chartered projection $150,000 by the end of the year for Bitcoin.

While Standard Chartered did not indicate what level SHIB would rise to if Bitcoin hits $150,000, Wizard Crypto speculates the dog-themed token would change hands at $0.003. The $0.003 prediction marks a 34,905% increase from the current price of $0.00001714.

SHIB Price if Bitcoin Hits $325,000

Crypto Basic yesterday analyzed Shiba Inu’s potential price surge if Bitcoin hits $325,000, as projected by top asset manager VanEck. Notably, the asset manager also predicted Ethereum (ETH) to surge to $22,000.

With BTC and ETH trading at $61,738 and $3,460 at the time of yesterday’s report, VanEck’s projection marked an increase of 426.4% and 536.5%, respectively.

Given SHIB’s 85% and 94% correlation with BTC and ETH, we project that the dog-themed token could also surge tremendously if both assets hit VanEck’s forecast. Using the average of the 481% projection, The Crypto Basic predicted that SHIB could surge to $0.0001015 from $0.00001747, the price recorded at the time of the report.

Here’s What SHIB Will Price If BTC Hits $500,000

Recall that with BTC rising to $42,000 earlier this year, Bloomberg speculated that the price increase is the start of a bull run that could take the flagship asset to $500,000.

Consequently, in February, consulted the services of two popular AI chatbots, Google Bard (now Gemini) and ChatGPT, to check the price of SHIB if BTC hits the coveted $500,000 target. While ChatGPT projected that SHIB could hit $0.01 if BTC traded at $500,000, Google Bard stated that the token could trade between $0.0001 and $0.001.

To reach the targets of $0.01, $0.001, and $0.0001, SHIB must rise by 58,243%, 5,743%, and 483.43% respectively from the current price of $0.00001714.

SHIB Could Hit $0.0003117 If BTC Hits $1 Million

Earlier this month, leading asset manager Bernstein predicted that Bitcoin would rise astronomically in the coming years, potentially reaching a staggering $1 million by 2033. reported previously, the $1 million price projection marked a 1,409% increase from Bitcoin’s price of $66,273 on June 20.

Based on SHIB’s correlation with BTC, The Crypto Basic applied the 1,409% growth rate to the dog-themed token and found that its price could surge to $0.0003117 if BTC hits $1 million.

Disclaimer: This content is informative and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Announcement-

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Bitcoin

What to watch for in the markets

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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