Shiba Inu (SHIB) market has been eagerly awaiting the moment when the meme coin reaches the 1 cent mark. However, given the current pace of its assets, it may take longer than expected. In a series of predictions, an analyst forecasts that if Bitcoin (BTC) reaches a high of $150,000, SHIB may reach $0.003.
It is worth noting that the current trading price of BTC is $67,575.09. King Coin would have to rise an astonishing 121% to reach $150,000. Nonetheless, some institutions have been sharing bold predictions. Standard Chartered Bank believes that Bitcoin could surge to such levels by the end of this year. Bernstein confirms that the world’s largest cryptocurrency will reach $150,000 by 2025.
If BTC reaches this milestone next year, SHIB might follow suit and reach the important mark of $0.003. This would be a significant surge for the meme coin as its current trading price is $0.00001855 after a daily decline of 3%. The latest prediction also surpasses SHIB’s all-time high of $0.00008845.
Shiba Inu, like any other cryptocurrency in the market, has brought profits to those who have held it for a longer period of time. If it reaches the $0.003 milestone, the returns would be even greater. This is due to the current price level of the meme coin.
$1,000 would bring a significant amount of Shiba Inu, specifically 53.89 million tokens. If the meme coin reaches a high of $0.003, a $1,000 investment would turn into $161,400. This translates to a profit of $160,402. However, the cryptocurrency market is highly volatile. Therefore, the future of SHIB remains quite uncertain.
