Bitcoin Could Hit $513K and Shiba Inu $0.0065 Post-Halving
Notably, Bitcoin traded at an average price of $8,500 at the time of the previous bull run in May 2020. The premier cryptocurrency rallied to a high of $69,000 in November 2021 after the halving. This marked an impressive 711% increase recorded 20 months after the halving event .
However, Shiba Inu, which launched three months after the 2020 Bitcoin halving, witnessed a more substantial price growth after the event. Nonetheless, this assessment will not consider Shiba Inuâs earliest trading price due to the low volumes, often reaching $300, it recorded at the time.
SHIB started witnessing real trading activity on Feb. 1, 2021, with its 24-hour volume spiking to $34.9 million. Shiba Inuâs price on this day stood at $0.00000002910. Remarkably, this price skyrocketed to the ATH of $0.00008845 in October 2021, marking a 303,851% rise in just eight months.
Now, if Bitcoin replicates its 711% post-halving increase during this market cycle, its price could skyrocket to approximately $513,000. SkyBridge Capital founder Anthony Scaramucci believes this $500,000 price is feasible. Should such a price increase occur in a similar timeframe, BTC could see the $513,000 value late 2025.
Similarly, if Shiba Inu replicates its 303,581% increase, its price would hit unprecedented values. Due to the massive rate of this surge, this evaluation only captures 10% of the increase, amounting to 30,385%. If SHIB rises by 30,385% after the Bitcoin halving, its price would rise from the current $0.00002145 to $0.006539.
Notably, history does not necessarily repeat but it often rhymes. However, while this evaluation considers a mere 10% of SHIBâs previous uptrend, there is no guarantee that Shiba Inu could see a price rally such as this.
