Shiba Inu could see a triple-digit rise, rising above $0.0002 if Bitcoin’s market capitalization matches gold’s $17.85 trillion valuation.
Bitcoin has continued to make headlines with its impressive performance over the past few weeks. The leading cryptocurrency has been setting new all-time highs (ATH) on different occasions, with the latest high price currently set at $108,268, recorded on December 17.
Given Bitcoin’s recent outstanding performance, cryptocurrency advocates have set different bold goals for BTC, with some projecting that it could equal the market capitalization of the world’s precious metal, gold.
To put it in context, several financial experts, including Jerome Powell, chairman of the US Federal Reserve, have compared Bitcoin to gold, noting that both are speculative assets.
Bitcoin Price Based on Gold Market Cap
With some experts projecting that Bitcoin will match the market capitalization of gold one day, we estimate how much BTC would be worth if this became a reality and how it could affect the broader altcoin market, including Shiba Inu (SHIB).
Data from CompaniesMarketCap shows that gold has a market capitalization of $17.85 trillion. Matching gold’s market capitalization requires Bitcoin to soar 766.5% from its current valuation of $2.06 trillion. If Bitcoin achieves this milestone, its price will rise from the current $104,350 to around $904,192.
Correlation of Shiba Inu with Bitcoin
It is common knowledge that Bitcoin price action generally affects the performance of other cryptocurrencies like SHIB. This was observed in the last few hours, when the overall market reacted negatively to Bitcoin’s bearish move.
With Bitcoin falling 2.69% in the last 24 hours to $104,350, Shiba Inu also fell 4.46% in the same time period to $0.00002573.
According to data from IntoTheBlock, SHIB has a 91% correlation with Bitcoin in the last 60 days. This suggests that Shiba Inu will closely follow Bitcoin price action in the near term.
SHIB price if Bitcoin equals gold market cap
Therefore, Bitcoin’s potential rise to $904,192 could take SHIB to an all-time high. If Shiba Inu experiences a similar growth rate of 766.5%, its price will skyrocket to $0.000222.
Shiba Inu’s market capitalization will rise to $131.37 billion at this price, surpassing Solana’s current valuation of $103.7 billion.
Possible timeline for Shiba Inu’s rise to $0.0002
Meanwhile, several experts speculate that Shiba Inu will skyrocket to $0.000222 in the coming years. Notably, Changelly analysts predict that this will be the peak Shiba Inu price in March 2031, approximately seven years from now.
However, leading cryptocurrency prediction platform Telegaon projected that Shiba Inu would trade within the range of $0.0002 in 2028, setting an average price of $0.000289 for the asset by then.
As previously reported, top TradingCrew analyst Alan Santana set a Q3-Q4 2025 timeframe for Shiba Inu’s potential rise to $0.000223. This time frame aligns with when investors expect a full-blown bull market.
Meanwhile, other experts have also predicted Shiba Inu’s rise to the $0.0002 mark. However, they did not set a time frame for Shiba Inu to reach this milestone.
Last month, leading expert Charting Guy identified an Elliot wave pattern on the Shiba Inu chart, emphasizing that the asset has completed the first and second waves. He predicted that Shiba Inu could rise to the $0.0002 mark upon completing the fifth wave.
It is important to note that this article is based on a speculative evaluation and there is no guarantee that Shiba Inu will rise to $0.0002 in the near future.
However, several factors, such as increasing consumption and mass adoption, could cause an increase in this price target.
