The Shiba Inu is currently trading around the $0.000017 mark on Tuesday and is up nearly 2% in the rankings. On the other hand, Bitcoin is hovering around the $61,054 mark and down 2% in intraday trading. Both Shiba Inu and Bitcoin are looking to increase the index and bring profits to investors.
Robert Kiyosaki , author of the best-selling financial self-help book Rich Dad Poor Dad predicted that Bitcoin could reach its price target of $350,000. So if Bitcoin reaches $350,000, what will the price of the Shiba Inu be? In this article, we will present a hypothetical price for SHIB if BTC reaches the $350,000 mark.
What will the price of Shiba Inu be if Bitcoin reaches $350,000?
Bitcoin is currently trading around the $61,000 mark and needs to increase by about 475% to reach its price target of $350,000. SHIB mostly moves in parallel with the BTC price and replicates its price performance in the chart.
Therefore, if Shiba Inu also increases by 475% in tandem with Bitcoin, its price could reach the threshold of 0.000097 USD. That’s a long way from the $0.0001 mark some analysts had predicted. It also means that SHIB will reach a new all-time high if it touches the $0.00009 mark.
Shiba Inu’s current ATH is 0.00008616 USD, reached in October 2021. At that time, it cleared six zeroes in less than a year but is now struggling to shed a fourth zero . Nearly three years have passed since the Shiba Inu failed to erase a single zero from the rankings.
The majority of investors are hoping the token will surpass the 0.01 USD mark and give them the profits they have long wanted to achieve.
