Most crypto assets closely follow Bitcoin’s growth trajectory. Shiba Inu is no exception. The meme coin has been photocopying Bitcoin’s price action. It’s no secret that Bitcoin’s price is back on track, now faring well above $90,000.
Blockchain analytics brands like IntoTheBlock find an 82% similarity between Shiba Inu’s 30-day correlation and BTC’s price surge. Now it’s official that Shiba Inu’s price will pursue BTC’s price trajectory, as its mirror image.
8 out of 10 institutional investors are now wondering how Shiba Inu’s price will grow if its trajectory is in tandem with BTC’s price growth curve.
Ark Invest has already set an investment target of $2.44 million. If everything else falls into place, Shiba Inu coin can easily reach the landmark soon.
Bitcoin vs Shiba Inu Chart
CoinMarketCap’s monthly analysis of BTC vs. Shiba Inu shows that a clinically perfect analogy between the price movement of the two coins is not happening. However, Shiba Inu’s 30-day correlation has an 82% analogy with Bitcoin’s price movement. The community sentiment around Shiba Inu’s growth after BTC’s successful flight is 82% bullish and 11% bearish.
But the market is driven by something more crucial. Retail and institutional investors are equally hooked on how much Shiba Inu will grow, in tandem with BTC’s growth.
What’s Ark Analyst’s Bid for Shiba Inu?
Ark Investor, the multi-million-dollar investment and analysis firm came up with a big announcement regarding Bitcoin on Monday. Quoting the latest industry report published by the firm, their reviewers cited that it can actually skyrocket till 2030.
The industry report by Ark forecasts BTC to reach a staggering high value of $500,000 by 2030. In other words, BTC should reach a base level of $1.2 million within the next 5 years or so. If the market is clinically bullish, the figures might be $2.4 million.
Here are the price surge resistance points, BTC is going to encounter:
- From $94,687, (at press time) BTC will encounter the first resistance after growing 428%
- By the next resistance, the coin will grow 1,167% over $94,687.
- Hence growing 2,434% and further, to reach a price point of $500,000 by 2030.
Ark Invest YouTube channel says that BTC will gradually become a real trophy asset. Only big BTC sharks will make big-time profits. However, it is a bonus opportunity for Shiba Inu coins.
How Much Will Shiba Inu Grow, If BTC Hits $2.4 Million?
At press time, Shiba Inu marked a price of $0.00001368. In other words, the coin’s 244 hours of growth was more than 4.5%. Imagining Shiba Inu growing in parity with BTC’s 2,434% growth, the 2030 Shiba Inu price could be approximately $0.00003737. The Shiba Inu coin price prediction says that at least.
But will Shiba Inu coin reach $1? We’ll have to wait and see how the market fares, for that! If the same happens, Shiba Inu’s valuation could reach #220.2 billion.
Ark says: “To reach This Price Point, The Circulating Supply Should Remain Intact.”
