Two Bitcoin Analysts Call SHIB to Reach $0.05 If BTC Hits This Price

In the 2024/2025 bull market, prominent Bitcoin analysts Yazan XBT and Jason Williams have predicted a substantial price surge for Shiba Inu (SHIB), setting an ambitious target of $0.05 per token.

Both analysts have shared their assessments on X (formerly Twitter), laying out the specific conditions under which Shiba Inu could achieve this price milestone.

Preconditions for Shiba Inu’s Price Surge to $0.05

Jason Williams asserts that Shiba Inu could reach the $0.05 mark if Bitcoin rises to $250,000 in the current market cycle. In contrast, Yazan XBT presents a more extreme scenario, suggesting that Shiba Inu could hit $0.05 only if Bitcoin’s price were to soar to an extraordinary $777,000.

Currently, Shiba Inu is trading at approximately $0.00001377, for the token to cancel out three of these zeros and reach $0.05, the token’s price would need to increase by a staggering 363,008%.

The significant scale of this projected price rally naturally raises questions regarding its feasibility. For a cryptocurrency like Shiba Inu, with an existing market capitalization exceeding $8 billion, such a dramatic increase in price and valuation would be nothing short of extraordinary.

Historical Performance Offers Some Precedent

While the projected increase may seem implausible at first glance, historical data offers some context that could make such a surge conceivable. Following the 2020 Bitcoin halving, Shiba Inu’s price experienced a meteoric rise, surging by 884,400% in less than a year.

Despite this precedent, many market analysts maintain a more cautious outlook for Shiba Inu’s price trajectory. The consensus among market watchers suggests that Shiba Inu might eliminate one zero from its current price, potentially trading around $0.0001 or slightly above, rather than reaching the ambitious $0.05 target.

Nonetheless, a few analysts, including Yazan and Williams, continue to argue for the possibility of a more substantial price increase during this market cycle.

Market Capitalization Concerns

A critical aspect of Yazan and Williams’ predictions is the potential impact on Shiba Inu’s market capitalization if the $0.05 price target were achieved. Assuming the total supply of SHIB remains unchanged, reaching $0.05 per token would result in Shiba Inu’s market capitalization exceeding $29 trillion.

For perspective, if Bitcoin were to attain Williams’ predicted price of $250,000, its market capitalization would be approximately $5.25 trillion. Even in the scenario proposed by Yazan XBT, where Bitcoin’s price reaches $777,000, Bitcoin’s market capitalization would stand at around $16 trillion.

These comparisons underscore the enormous implications of Yazan and Williams’ predictions. If their projections were realized, Shiba Inu’s market capitalization would surpass Bitcoin’s by a considerable margin, which could have profound implications for the broader cryptocurrency market.

The predictions made by Yazan XBT and Jason Williams regarding Shiba Inu’s potential to reach $0.05 reflect the ongoing speculation and volatility within the cryptocurrency market. While their analyses outline specific conditions under which Shiba Inu could achieve this price, the broader market consensus remains more conservative.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

---

Follow us on Twitter, Facebook, Telegram, and Google News