Shiba Inu Price Could Rise Remarkably by 2028 Bitcoin Halving

Notably, the Bitcoin halving has always been a significant event for Bitcoin, and by extension, the rest of the crypto market. For the uninitiated, this event, which occurs every four years, slashes the block reward for Bitcoin miners by half, effectively reducing the supply rate of the original cryptocurrency.

Shiba Inu Spikes 2,263,274%

This is often bullish for Bitcoin, as demand meets lower supply rates. Additionally, due to Bitcoin’s influence on the broader crypto market’s direction, bullish price action for Bitcoin typically translates to price improvements for altcoins like Shiba Inu.

Interestingly, Shiba Inu has come a long way since its launch in August 2020, three months after the 2020 halving event. For context, the 2020 halving occurred in May, with SHIB launching later that August. By the time of the April 2024 halving, SHIB changed hands at $0.000022, representing a significant increase from its 2020 value. Data from CoinMarketCap indicates that between its launch and the most recent Bitcoin halving, Shiba Inu rallied by an astonishing 2,263,274%.

Now, the next Bitcoin halving is expected in 2028, reducing block rewards from 3.125 BTC to 1.56 BTC. If Shiba Inu replicates even 1% of its growth from launch to the 2020 halving, it could increase by as much as 22,632% or 227x.

Possible Shiba Inu Price at the 2028 Bitcoin Halving

With Shiba Inu trading at $0.000022 during the 2024 halving, a 22,632% increase would mean a price of $0.004979. Analysts at Changelly suggested that SHIB could hit the $0.0049 level by April 2040, a full twelve years post-2028 halving.

Despite this long timeline, $0.0049 remains an ambitious goal, potentially resulting in a market cap of $2.8 trillion, surpassing Bitcoin’s current valuation of $1.62 trillion and the global crypto market cap of $2.69 trillion.

To explore realistic price targets for Shiba Inu by 2028, we consulted AI Chatbot ChatGPT. It provided several growth patterns starting from a value of $0.00001303:
– Bearish Case: 3x increase to $0.00003909 during the 2028 halving.
– Moderate Case: 5x increase to $0.00006515, still below the 2021 all-time high.
– 10x Target: $0.0001303 with growth mirroring 2020-2024.
– Bullish Case: 15x increase to $0.0001954.
– Extreme Bull Case: 20x increase to $0.0002606.

Changelly analysts expect SHIB to reach $0.000026 by February 2040. Currently, Shiba Inu is trading at $0.00001222, down 2.79% in the past 24 hours.