Shiba Inu Price Surge Potential Linked to Bitcoin Trends
Bitcoin (BTC) and the crypto market have hit a bump amid a Donald Trump-led surge, notably impacting Shiba Inu (SHIB), which has fallen nearly 40% year-to-date, making it a significant market loser.
This downturn can be attributed to Shiba Inu’s high volatility, which may serve as an advantage during market rebounds. Analysts speculate that SHIB could see a significant recovery if the overall market trend shifts.
To evaluate this potential, The Crypto Basic analyzed Bitcoin’s projected price trajectory based on historical post-halving trends up to 2028, alongside Shiba Inu’s possible recovery in this scenario.
Bitcoin Post-Halving Performance
Historically, Bitcoin’s post-halving performance has been positive, with the crypto often rising from its previous lows leading into subsequent halving months.
For instance, after Bitcoin’s first halving in November 2012, BTC rose 433% from its previous cycle low to close at $12. The second halving in July 2016 saw a price increase to $624, a 310% rise, while the third halving in May 2020 closed at $9,446, marking a 202% rise. The most recent halving in April 2024 resulted in a closing price of $67,477—a 272% increase.
On average, Bitcoin sees a 344% increase from the cycle low to the close of the halving month. With the next halving scheduled for April 2028, analysts aim to project a potential price peak.
Shiba Inu Price Projection if Bitcoin Hits $220K
Assuming a post-2024 halving low of $49,577, if Bitcoin increases by 344%, it may reach $220,121. Given Shiba Inu’s 87% price correlation with Bitcoin over the past month, SHIB could also experience a rise. Analysts predict that with its higher volatility, SHIB might achieve a 1,032% increase from the post-2024 halving low of $0.000008354, potentially reaching an all-time high of around $0.0001.
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