• Shiba Inu could surge to $0.00037 if Dogecoin reaches $5, following their strong 95% price correlation.
• Shiba Inu investors might see massive gains as experts predict SHIB could hit $0.00037 by 2029 or 2030.

Dogecoin (DOGE) has long been the flagship meme coin, influencing the price trajectory of similar tokens like Shiba Inu (SHIB). With some analysts predicting that DOGE could reach an ambitious $5 valuation, the question arises: What does this mean for Shiba Inu? If DOGE achieves this milestone, SHIB could eliminate a zero from its price and reward patient investors handsomely.

Dogecoin’s Road to $5

While Dogecoin’s current price of $0.1725 might seem far from the $5 target, historical trends and expert predictions suggest it could reach this level by October 2034. According to Changelly, this would require a staggering 2,798% surge, pushing its market capitalization to $743.13 billion. Despite market uncertainties, bullish sentiment and broader crypto adoption could drive DOGE toward this milestone over the next decade.

Shiba Inu’s Price If DOGE Hits $5

Shiba Inu and Dogecoin share a strong historical correlation, with data from IntoTheBlock showing a 95% link between their price movements over the past 60 days. If DOGE soars to $5, SHIB could follow suit, experiencing a similar 2,798% increase from its current price of $0.00001280.

At this projected growth rate, SHIB would reach approximately $0.00037 per token, marking a new all-time high and surpassing its previous peak of $0.00008845 by 318%. For SHIB holders, this price surge would be a game-changer. A portfolio holding 100 million Shiba Inu, currently valued at $1,280, would skyrocket to $37,000. Meanwhile, Shiba Inu’s market cap would expand to $218.5 billion, assuming no changes in circulating supply.

Will Shiba Inu Hit $0.00037?

While this price target seems ambitious, some experts believe it could happen sooner rather than later. Changelly predicts that SHIB could reach the $0.00037 mark by 2030, while Telegaon forecasts it happening as early as 2029. Furthermore, CIFDAQ chairman Himanshu Maradiya suggested in a Forbes interview that SHIB could surge to $0.0003 in 2024 if critical factors align.

For Shiba Inu to achieve this remarkable growth, key catalysts such as increased adoption, strategic token burns, and technological advancements within the SHIB ecosystem must come into play. As the meme coin market continues to evolve, SHIB holders may have much to look forward to if Dogecoin’s $5 dream turns into reality.