Bitcoin has continued to consolidate between $55,000 and $70,000. However, many experts have predicted that it will spike to the psychological level of around $100,000.
Bitcoin has continued to trade within a narrow range for several weeks now. However, the flagship digital asset has shown some bullish signs recently, rising above the $60,000 level. This has sparked renewed optimism among traders, who are now wondering how high BTC could go in the coming months or years.
Some traders are predicting that Bitcoin will surge to the psychological level of around $100,000 in 2025. This is based on the previous bull market cycle, which saw BTC rally by over 100x from its 2018 bear market bottom.
If Bitcoin does reach $100,000, it is likely to have a major impact on the prices of altcoins. This is because altcoins typically follow the trend of Bitcoin, albeit with more exaggerated gains or losses.
One of the altcoins that traders are keeping an eye on is Shiba Inu (SHIB). The meme coin has already surged by over 100,000,000% from its all-time low in 2020. However, SHIB has also corrected significantly from its peak in late 2021.
So, the question that comes to mind is: What will Shiba Inu be worth when BTC reaches $100,000? To get an idea, we asked Google’s Gemini AI, and it gave us the following answers.
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Shiba Inu Price Influencers
Before we proceed, let’s quickly take a look at some of the factors that are likely to influence the price of Shiba Inu.
Bitcoin Dominance: When the price of Bitcoin starts to rise, it tends to bring in some positive sentiment to the market. This usually sees investors shifting their funds into other altcoins. As one of the biggest meme coins, Shiba Inu is usually among the coins that come to mind in this case.
Meme Coin Hype: The hype around meme coins could also see them outperforming many other altcoins, as they usually do. This is also bound to affect SHIB.
Upcoming Upgrade: Shiba Inu also has an upcoming upgrade that is expected to make the ecosystem completely led by the community. This is to promote decentralization, and it could attract investors to the ecosystem.
Also Read: Can Cardano (ADA) Price Spike to $10 This Bull Run?
Shiba Inu Price Prediction
Pessimistic Scenario: If we see mild growth in the price of Shiba Inu when Bitcoin hits $100,000, its price could rise to around $0.000025.
Realistic Scenario: A more realistic scenario would see the price spike to around $0.00005. This is very possible if altcoins are also rallying or meme coins are seeing major spikes.
Optimistic Scenario: In a highly bullish case, we could see Shiba Inu spike to around $0.0001 or even higher.
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