Bitcoin has continued to consolidate between $55,000 and $70,000. However, many experts have predicted that it will spike to the psychological level of around $100,000.
Some see this happening in 2025, while other analysts believe it could happen later in 2024 if certain fundamental factors align. The price of Bitcoin is expected to affect many altcoins, including meme coins like Shiba Inu.
The question that comes to mind is: What will Shiba Inu be worth when BTC reaches $100,000? We asked Google’s Gemini AI and it gave us the following answers:
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What you'll learn 👉
Factors Influencing Shiba Inu’s Price
Let’s first look at the factors that are affecting the price of Shiba Inu.
Bitcoin Dominance: When the price of Bitcoin starts to rise, it could bring in some positive sentiment to the market, and investors might be moved to invest in other altcoins. As one of the biggest meme coins, Shiba Inu usually comes to mind in this case.
Meme Coin Hype: The hype around meme coins could make them outperform many other altcoins, as they usually do. This could affect SHIB.
Upcoming Upgrade: Shiba Inu has an upcoming upgrade which is expected to make the ecosystem completely led by the community. This is to promote decentralization, and it could attract investors to the ecosystem
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Show more +Shiba Inu Price Prediction
Pessimistic Scenario: With mild growth in the price of Shiba Inu when Bitcoin hits $100,000, its price could rise to around $0.000025.
Realistic Scenario: A more realistic scenario would see the price spike to around $0.00005. This is very possible if altcoins are also rallying or meme coins see major spikes.
Optimistic Scenario: In a highly bullish case, we could see Shiba Inu spike to around $0.0001 or even higher.
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