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Shiba Inu could experience a three-digit upsurge, soaring above $0.0002 if Bitcoin’s market capitalization equals gold’s $17.85 trillion valuation.
Bitcoin has continued to make headlines with its impressive performance over the past few weeks. The premier cryptocurrency has been setting new all-time highs (ATHs) on different occasions, with the latest peak price currently set at $108,268, registered on December 17.
Given Bitcoin’s recent outstanding performance, crypto proponents have set different audacious targets for BTC, with some projecting that it could equal the market cap of the world’s precious metal, gold.
For context, several financial experts, including Jerome Powell, the U.S. Federal Reserve Chair, have compared Bitcoin to gold, noting that both are speculative assets.
Bitcoin Price at Gold Market Cap
With some experts projecting that Bitcoin will equal gold’s market cap someday, we estimated how much BTC would be worth if this came true and how it could impact the broader altcoin market, including Shiba Inu (SHIB).
Data from CompaniesMarketCap shows that gold has a market cap of $17.85 trillion. Equating gold’s market cap requires Bitcoin to soar by 766.5% from its current valuation of $2.06 trillion. Should Bitcoin achieve this milestone, its price will increase from the current $104,350 to around $904,192.
Shiba Inu Correlation with Bitcoin
It is common knowledge that Bitcoin’s price action usually impacts the performance of other cryptos like SHIB. This was observed in the past few hours when the broader market negatively reacted to Bitcoin’s bearish movement.
With Bitcoin plunging by 2.69% in the past 24 hours to $104,350, Shiba Inu also fell by 4.46% in the same timeframe to $0.00002573.
According to data from IntoTheBlock, SHIB boasts a 91% correlation with Bitcoin over the past 60 days. This suggests that Shiba Inu will closely follow Bitcoin’s price action in the short term.
SHIB Price if Bitcoin Equals Gold Market Cap
Therefore, Bitcoin’s potential surge to $904,192 could take SHIB to an unprecedented level. If Shiba Inu experiences a similar 766.5% growth rate, its price will soar to $0.000222.
Shiba Inu’s market cap will increase to $131.37 billion at this price, surpassing Solana’s current valuation of $103.7 billion.
Potential Timeline for Shiba Inu Surge to $0.0002
Meanwhile, several experts speculate that Shiba Inu will soar to $0.000222 within the next few years. In particular, analysts at Changelly forecast that this will be Shiba Inu’s maximum price by March 2031, approximately seven years from now.
However, the top crypto prediction platform Telegaon projected that Shiba Inu would trade within the $0.0002 range in 2028, setting an average price of $0.000289 for the asset by then.
As reported earlier, prominent TradingCrew analyst Alan Santana set a timeframe of Q3 Q4 2025 for Shiba Inu’s potential surge to $0.000223. This timeframe aligns with when investors expect a full-blown bull market.
Meanwhile, other experts have also forecasted Shiba Inu’s climb to the $0.0002 mark. However, they did not set a timeframe for when Shiba Inu could achieve this milestone.
Last month, prominent expert Charting Guy identified an Elliot Wave Pattern on Shiba Inu’s chart, emphasizing that the asset has completed the first and second waves. He forecasted that Shiba Inu could soar to the $0.0002 mark upon completing the fifth wave.
It is important to note that this article is based on a speculative assessment, and there is no guarantee that Shiba Inu will surge to $0.0002 in the near future.
However, several factors, like increased burns and massive adoption, could lead to an upsurge in this price target.