🔥 #Shiba Inu Price Prediction if Bitcoin Hits $325K and ETH Reaches $22K, According to VanEck

Shiba Inu's price could surpass $0.0001 if SHIB follows the projected trajectories of Bitcoin and Ethereum, should they reach $325K and $22K as predicted by VanEck.

Despite market uncertainties, analysts at the leading asset management firm VanEck have made bullish price predictions based on extensive research and current market conditions. If these predictions materialize, they could significantly impact assets like Shiba Inu.

🔸 Shiba Inu Price Correlation with BTC and ETH

The crypto market's price correlations suggest that if Bitcoin or Ethereum reach these levels, Shiba Inu's price could respond positively. According to IntoTheBlock data, SHIB has an 85% 30-day price correlation with Bitcoin. Interestingly, Shiba Inu's price correlation with Ethereum is even higher, at 94% within the same timeframe. This strong correlation indicates that SHIB tends to follow Ethereum's price movements more closely, although its correlation with BTC is also significant.

As a result, if Ethereum and Bitcoin hit VanEck's bullish targets, Shiba Inu's price could experience a similar surge. The Crypto Basic assessed SHIB's potential rise based on the average rate of these projected increases, which stands at 481%.

🔸 $SHIB Inu Price Could Exceed $0.0001

Currently, Shiba Inu is trading at $0.00001747, showing a 1.63% increase over the past 24 hours. If SHIB rises by 481% from this level, its price would break the coveted $0.0001 threshold, reaching approximately $0.0001015.

Achieving this would mark a new all-time high for Shiba Inu, effectively eliminating one leading zero. Many analysts have identified $0.0001 as a potential target for Shiba Inu across various analyses.

$SHIB #SHIB

SHIB

0.00001701

-2.57%

Disclaimer: This includes third-party opinions and is not financial advice. May include sponsored content.