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Wizard Crypto expects Shiba Inu (SHIB) to hit a target of $0.003 if Bitcoin trades at $150,000 per coin in the upcoming bull run.

The crypto market has continued to witness a broader onslaught, wreaking havoc on the prices of top assets like Shiba Inu and Bitcoin. While BTC dropped to a weekly low of $63,554, SHIBs price crashed to a low of $0.00001742 in the same timeframe.

Despite the recent bloodbath, market participants expect these assets to embark on a significant recovery during a bull run.

In particular, pseudonymous crypto expert Wizard Crypto recently projected that BTC will reach a price target of $150,000 per coin during the peak of this seasons bull run.

The target aligns with a similar prediction issued by British multinational banking giant Standard Chartered. As reported earlier, Standard Chartered projected that BTC would hit $150,000 by the end of 2024.

Furthermore, Wizard Crypto also projected that Shiba Inu could hit a target of $0.003 within the same period BTC is anticipated to reach $150,000. Hitting the $0.003 target would require Shiba Inu to rally 16,520% from its current price of $0.00001805.

Notably, the expert did not indicate any factor that could propel SHIBs price for a surge toward the $0.003 level. However, Wizard Cryptos prediction suggests that they are relying on Shiba Inus correlation with Bitcoin to drive the price of SHIB to $0.003.

Besides Wizard Crypto, other prominent experts have also issued a similar $0.003 price target for Shiba Inu. However, they believe Shiba Inu would wait several years before achieving the feat.

For instance, experts at crypto trading platform Changelly projected that SHIB would hit the $0.003 target by 2040, 16 years from now. In addition, crypto prediction platform Telegaon expects the $0.003 price target to become a reality by 2035. Furthermore, popular AI chatbot ChatGPT forecasted that SHIB could hit the target by 2044, almost 20 years from now.

Although SHIB experienced more remarkable growth in 2021, it will take more than its correlation with Bitcoin to reach $0.003 if BTC hits the $150,000 mark.

Nonetheless, several factors, including an unprecedented level of adoption, increased utility, and hefty burns, could play a pivotal role in SHIBs potential surge to the $0.003 level.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Expert Says Shiba Inu Could Reach $0.003 if Bitcoin Hits $150K - The Crypto Basic