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Cardano Bull Targets $12 as ADA Supertrend Remains on Track

Albert Brown
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Cardano Bull Targets $12 as ADA Supertrend Remains on Track

Analyst Dan Gambardello has signaled a bullish outlook for Cardano, highlighting an ascending trendline and a potential double-digit price target.

Cardano (ADA) experienced a sharp decline before recovering within a 24-hour period, highlighting market volatility. The cryptocurrency fluctuated between $0.69 and $0.74. The price dipped significantly before stabilizing around the $0.70 support level.

ADA posted a 4.0% daily loss, while its weekly and monthly declines stood at 4.2% and 11.7%, respectively. However, on a year-over-year basis, the asset maintained a 6.9% gain, indicating resilience despite recent setbacks.

Cardano Supertrend On Pace

Meanwhile, a recent analysis by Dan Gambardello identified bullish indicators for Cardano. In a tweet, he shared a chart showing an ascending trendline, suggesting a potential upward reversal. According to Gambardello, “Cardano’s supertrend is on pace.”

The accompanying chart shows ADA has formed a rounded bottom pattern, often associated with accumulation before an uptrend. The projected outlook suggested a long-term price target above $12.00.

Notably, the Relative Strength Index (RSI) showed a reading above 50 and an upward curve. If this trend continues, the RSI could reach 80, indicating increased buying momentum. Notably, such a move could reinforce bullish sentiment, supporting a price surge.

Views of Other Market Watchers on ADA Price Potential

On March 13, market commentator Alex Becker commented on ADA’s price outlook, suggesting a potential fourfold to fivefold increase from its current level.

Speaking in a YouTube podcast, he noted that investors leveraging the dip could see significant returns. The analyst referenced Cardano’s recent price movements, including a sharp spike to above $1 earlier this month following Donald Trump’s announcement regarding U.S. crypto reserves.

Despite his past criticism of the asset, Becker emphasized that ADA’s current price remains undervalued. He compared this dip to past corrections, such as Bitcoin’s 25% drop from its peak and the broader market sell-offs during the FTX collapse and the COVID-19 crash. He stressed that historically, these downturns presented strong buy opportunities.

Becker also highlighted Solana, Near, and Bittensor as crypto poised for long-term gains. While he did not specify a timeline for ADA’s growth, he maintained that multiple all-time highs remain achievable within years.

Active Addresses and Network Growth

Additionally, data from IntoTheBlock revealed increased activity on the Cardano network. Daily Active Addresses recorded a 7-day increase of 11.99%. Also, zero-balance addresses rose by 12.26%, indicating new user adoption.

Meanwhile, network activity posted a 4.79% weekly gain, reinforcing growing on-chain interactions.

Binance Founder CZ Purchases Mubarak Meme Coin as Trader Nets $521K Profit

Lele Jima
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Binance Founder CZ Purchases Mubarak Meme Coin as Trader Nets $521K Profit

Changpeng Zhao (CZ), the founder and former CEO of Binance, purchases the BNB Chain-based meme coin “Mubarak” (MUBARAK).

Leading blockchain analytics platform Lookonchain indexed the transaction yesterday, noting that the Binance founder purchased $600 worth of MUBARAK tokens, equivalent to 1 BNB. On-chain data shows that the blockchain wallet affiliated with CZ initiated the transaction yesterday at 10:53 (UTC) on PancakeSwap.

After swapping 1 BNB, the wallet received 20,150 MUBARAK tokens. Furthermore, Lookonchain also confirmed that CZ swapped another 1 BNB in exchange for 9,161 Test (TST), another meme coin on the BNB Chain.

First Meme Coin Purchase? 

Given his initial stance about meme-based cryptocurrencies, CZ’s latest investments has come as a surprise to market observers. 

Last month, following controversy over the launch of TST, he claimed he had never bought any meme coins. At the time, he emphasized his commitment to building solid fundamental projects with real-world use cases. 

MUBARAK Soars 

His recent investments in meme coins, particularly MUBARAK, drew investors’ attention to the token as its price surged tremendously. MUBARAK’s jaw-dropping surge was also influenced by its listing on Binance Alpha, a sub-unit of the leading crypto exchange. 

For context, the Mubarak meme coin launched on BNB Chain’s Four.Meme platform on March 14. Its market debut occurred shortly after CZ reacted to a post about Mubarak. 

Following Mubarak’s launch, CZ’s investment, and its subsequent listing on Binance Alpha, the price spiked massively, from a meager valuation of $6,000 at the time of its launch to a market cap of over $100 million. 

Trader Secures $521,000 Profit on MUBARAK

Consequently, many early investors secured massive profits. For instance, Lookonchain recently highlighted how a trader raked in a profit of over $521,000 investing in MUBARAK. 

According to the analytics platform, this trader spent about 8.55 BNB, worth $4,947, to purchase 12.35 million MUBARAK tokens. Amid its price surge, the trader swapped 2.35 million MUBARAK tokens for 125 BNB ($74,120). Lookonchain confirmed that the trader’s wallet still holds 10 million MUBARAK, worth around $452,000. 

BNB Chain Outperforms Solana in DEX Trading Volume 

In the meantime, MUBARAK is trading at $0.111 per token, with a $111.6 million market cap. Its trading volume has also skyrocketed to $80.6 million over the past 24 hours. 

The development reflects a significant surge in trading activity on the BNB Chain. Notably, the blockchain has become the latest hub for meme coins, with top tokens like TST and MUBARAK attracting investor interest.  

Data from DeFiLlama shows that the BNB Chain now ranks as the top-performing chain by DEX trading volume. The network has registered a trading volume of $1.64 billion over the past 24 hours, outpacing other competitors like Solana and Ethereum. 

Here’s How High 1 XRP Can Trade if XRP Reaches JP Morgan Market Cap

Sam Wisdom Raphael
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Here’s How High 1 XRP Can Trade if XRP Reaches JP Morgan Market Cap

The price of 1 XRP could skyrocket to double-digit figures if XRP grows to reach the valuation of JPMorgan Chase, the world’s largest bank by market cap.

XRP has come a long way from its humble beginnings in terms of its market capitalization. The asset, which had a market cap of around $330 million ten years ago, per CoinMarketCap data, now boasts a valuation of $127 billion, making it the fourth-largest crypto asset by market cap.

XRP’s Market Cap Struggles

The rise from $330 million in March 2015 to the current figure of $127 billion represents a 38,384% increase in XRP’s market cap over the past ten years, buoyed by a spike in price action with a minor contribution from the asset’s inflation rate.

Despite the impressive growth within this timeframe, most XRP proponents believe the asset is largely undervalued. They often point to the SEC vs. Ripple case, which has lasted for over four years, as one of the factors suppressing XRP price action and, by extension, its market cap growth. However, speculations of a settlement have emerged of late.

Amid the bullish sentiments triggered by this potential settlement, analysts have continued to make ambitious price projections. For one, some community figures like Amelia have presented audacious targets for XRP if it replicates JPMorgan’s cross-border transaction volume.

XRP Price if It Reaches JPMorgan Market Cap

However, in this report, The Crypto Basic assessed what XRP’s price can be if it captures the market cap of JPMorgan. For context, JPMorgan boasts a market cap of $677 billion at the time of reporting, making it the world’s largest bank by valuation. 

Meanwhile, XRP’s all-time high market cap was around $180 billion, attained in late January 2025, when it reached the $3.4 price level. However, as XRP faces a massive price correction from the $3.4 high, its market cap has declined. With the price now below $3, XRP’s valuation now stands at $127 billion.

Notably, a rise to JPMorgan’s market cap of $677 billion would have some massive implications for price. Currently, XRP has a circulating supply of 58.04 billion tokens. If its market cap reaches $677 billion, the price of 1 XRP Will skyrocket to a double-digit figure of $11.6, representing a new all-time high price.

Interestingly, several market watchers have projected an XRP run to $11. In January, Ali Martinez suggested that XRP could engineer a rally to the $11 mark. For context, XRP currently changes hands at $2.35. To reach $11.6, XRP would need to rally 429% from the current price.

Expert Says Holding Just 1,000 XRP Could Be the Best Financial Decision of Your Lifetime

Abdulkarim Abdulwahab
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Expert Says Holding Just 1,000 XRP Could Be the Best Financial Decision of Your Lifetime

XRP community figure Edo Farina recently suggested that holding a few XRP tokens could lead to financial freedom. 

In a post on X, Farina argued that holding just 1,000 XRP tokens might be one of the best financial decisions one could make in their lifetime.

“Holding just 1,000 XRP might be the best financial decision of your lifetime,” he wrote. As of now, XRP is trading at $2.33 per token, giving those holding 1,000 XRP a total value of $2,400. However, Farina’s message carries a deeper meaning.

Why Holding 1,000 XRP Is Seen as Crucial for Financial Freedom

Farina suggests that crypto investors holding 1,000 XRP or more are in a better position to achieve financial success as the price of XRP increases. 

For example, if XRP reaches $100 per token, 1,000 tokens would be worth $100,000. This amount could serve as a substantial sum for retirement for some, especially when compared to someone holding just 100 XRP tokens.

In several posts, Farina has emphasized the need for XRP holders to avoid holding fewer than 1,000 XRP tokens in their portfolios. Just last week, he tweeted that those holding fewer than 1,000 XRP should focus on increasing their income streams in order to consolidate their holdings to the 1,000-token mark, which he views as a minimum requirement.

Notably, Farina is known as one of the most ambitious XRP enthusiasts. He has been vocal about his belief that XRP could someday reach a price of $10,000 per token. He has provided arguments for why he believes this price is inevitable in the future.

In this scenario, wallets holding 1,000 XRP could potentially be worth $10 million—an amount sufficient for many people to retire. While this is speculative, it forms part of the reasoning behind Farina’s continued push for holders to keep at least 1,000 XRP tokens.

Don’t Sell XRP Too Early, Even at $20

Given this outlook, Farina has warned that selling XRP at $10 or $20 could lead to financial regrets. He compares such actions to selling Bitcoin at $500 years ago and missing out on the wealth that could have been accrued from Bitcoin’s current price, which is above $90,000.

However, other market commentators disagree with this proposition. Some view the $10,000 price target as overly optimistic, while others believe that $20 per XRP would be a reasonable point to take profits.

Shiba Inu Team Says a SHIB Surge to $0.01 Is Possible but Not Imminent

Lele Jima
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Shiba Inu Team Says a SHIB Surge to $0.01 Is Possible but Not Imminent

The marketing lead of the Shiba Inu ecosystem expresses confidence in SHIB’s long-term potential, forecasting a surge to the $0.01 price target. 

Several crypto experts have continued to set different audacious targets for Shiba Inu, including a potential surge to the $0.01 price mark. This prediction has sparked a major debate within the Shiba Inu community, with enthusiasts wondering whether SHIB can reach this lofty height. 

For context, SHIB is currently trading at $0.00001275, up 2.09% over the past 24 hours. At the current price, SHIB would require a surge of 78,331% to hit the $0.01 target. If SHIB accomplishes this feat, its market cap will soar to $5.89 trillion from the current valuation of $7.51 billion. 

SHIB to $0.01 Is Possible 

Interestingly, Shiba Inu’s marketing lead, Lucie, believes SHIB can hit the $0.01 target in its lifetime. Lucie, who has held SHIB since 2021, expressed confidence in the token’s potential, asserting that the $0.01 target is realistic. 

However, she emphasized that it would take time before Shiba Inu eventually hits the ambitious $0.01 target. Her commentary represents a subtle call for investors to exercise patience and continue to hold SHIB amid short-term price fluctuations. 

Lucie is not the only crypto stakeholder who believes the $0.01 target is realistic for Shiba Inu. Prominent community figure Luis Delgado (alias Del Crxpto) shared a similar sentiment last year. According to the expert, it is certain that SHIB will hit the $0.01 target. 

Notably, Delgado highlighted how Dogecoin (DOGE), which launched in 2013 with an opening price of $0.00056, eventually soared to the $0.01 target in December 2017. He noted that DOGE achieved the feat despite its price retracing to $0.0001 a few months after its launch. 

Although SHIB’s current price is significantly lower than the levels at which DOGE traded before its surge to $0.01, Delgado’s analysis implies that Shiba Inu could follow a similar upward trajectory and eventually hit the one-cent milestone. 

Timeline for SHIB’s Surge to $0.01 

Like Delgado, Lucie did not set a timeline for SHIB to soar to the $0.01 price mark. As a result, we consulted multiple entities to ascertain when the $0.01 price prediction might become a reality for SHIB. 

Popular crypto trading platform Changelly predicted that SHIB will clinch the $0.01 mark by August 2040. Experts at the exchange expect SHIB to trade at a maximum price of $0.0109 during this period. 

Changelly SHIB Prediction Table
Changelly SHIB Prediction Table

However, renowned AI chatbots like Grok and ChatGPT expect SHIB to hit $0.01 sooner. ChatGPT forecasted that SHIB might achieve the $0.01 target under an optimistic scenario within the next 5 to 10 years. In its realistic prediction, the chatbot expects the one-cent price target to materialize within 10 to 20 years. 

On the other hand, Grok forecasts that the $0.01 target will occur for Shiba Inu by 2030 and beyond. 

Even though Grok and ChatGPT set different timelines for the $0.01 milestone, they both agree that Shiba Inu must burn a significant chunk of its supply–currently standing at 589.25 trillion tokens–to pave the way for this rally. 

Other factors they believe could lead to this success include widespread adoption of SHIB and a favorable condition of the broader crypto market. 

Here’s How High XRP Could Rise if SEC Drops Ripple Lawsuit Per Latest Credible Rumors

Sam Wisdom Raphael
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Here’s How High XRP Could Rise if SEC Drops Ripple Lawsuit Per Latest Credible Rumors

XRP could rise by substantial margins if it reacts favorably to the upcoming settlement between the U.S. SEC and Ripple.

After more than four years of litigation, the U.S. Securities and Exchange Commission (SEC) may soon dismiss its lawsuit against Ripple, according to recent disclosures. 

Under the leadership of acting Chair Mark Uyeda, the SEC has already dropped multiple cases and investigations involving firms like Coinbase and Consensys. However, Ripple’s case has remained active, largely due to the permanent injunction placed on its XRP sales to institutional investors.

According to leading crypto journalist Eleanor Terrett, Two top sources have confirmed that Ripple is actively negotiating with the SEC to lift this injunction before the case is officially dismissed. This has bolstered anticipation within the market as investors speculate on how XRP’s price might react once the lawsuit concludes.

How High Could XRP Surge Post-Settlement?

With the possibility of a final resolution on the horizon, market participants expect a strong bullish reaction for XRP. In July 2023, when Judge Analisa Torres ruled that XRP was not a security, the asset skyrocketed by 101%, surging from $0.4709 to $0.9479 before undergoing a correction.

Given this historical precedent, most believe that a full settlement could trigger an even larger rally. However, the magnitude remains uncertain, depending on factors such as market sentiment, regulatory clarity, and institutional demand.

To get some projections, The Crypto Basic consulted AI chatbot ChatGPT, which provided multiple scenarios based on different levels of price appreciation.

Potential XRP Price Scenarios After a Settlement

ChatGPT outlined three possible price trajectories depending on how strongly the market reacts to the news. The first scenario considered a similar 101% rise. If XRP replicates its July 2023 reaction to legal clarity, it could jump by 101% from its current price of $2.23. This would result in a new all-time high of $4.48.

However, the AI chatbot noted that a final settlement might provide even greater bullishness for XRP, leading to stronger bullish momentum. If the price jumps by 150%, it will reach a price of $5.58.

Meanwhile, ChatGPT also considered a scenario where both regulatory clarity and a broader crypto market bull run drive XRP’s adoption. In such a scenario, the chatbot says the token could surge by 200%, pushing it to $6.69.

XRP Price Prediction ChatGPT
XRP Price Prediction | ChatGPT

According to ChatGPT, several factors will determine how high XRP can climb after a settlement. These factors include regulatory clarity, market conditions, institutional and retail demand, as well as FOMO and speculation.

Nonetheless, market expert Dom believes these projected targets might not materialize. According to him, with the market already expecting the settlement, the element of surprise is lost, potentially subduing any price upsurge. Secondly, he noted that the settlement focuses more on Ripple than XRP.

Owning 10,000 XRP Puts You in Top 10%, But Big Banks Don’t Want You to Know This: Business Consultant

Abdulkarim Abdulwahab
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Owning 10,000 XRP Puts You in Top 10%, But Big Banks Don’t Want You to Know This: Business Consultant

Jake Claver, a well-known consultant and business leader, recently shared his thoughts on the current distribution of XRP holders and its future potential.

According to Claver, owning 10,000 XRP places one among the top 5% of holders worldwide. In fact, holding 9,045 XRP would already rank someone in the top 5% on XRP’s rich list, with 313,934 wallets holding over 9,000 XRP tokens.

Meanwhile, owning as little as 2,503 XRP places one in the top 10%. Currently, there are 627,868 XRP addresses holding this amount of XRP tokens.

Claver cited these statistics to highlight the relative scarcity of XRP among holders and the growing potential for those who hold significant amounts.

Notably, the total number of XRP-holding wallets, according to the rich list statistics, is 6.278 million addresses. Only 1% (or 62,787 wallets) hold 52,455 XRP tokens. Wallets with 100,000 or more XRP make up only 0.5% of the holder spectrum.

Claver Predicts XRP as a Global Financial Backbone

Claver went on to assert that big banks are staying silent about XRP’s value and potential because they are actively accumulating it for themselves. 

“The big banks are not telling you this. They’re loading up their own XRP portfolio,” he said. He believes that its value will soar when XRP becomes integral to the global financial system.

“Today’s price is nothing,” Claver said, expressing confidence in XRP’s future. His words suggest that those who fail to secure XRP now may regret it in the long run, as he expects it to play a crucial role in global finance.

Notably, XRP is currently worth $2.40 per token. Claver is projecting a future where even small holdings of 10,000 XRP could be life-changing for investors. However, accumulating this quantity demands a substantial commitment of $24,000.

Other community figures like Edo Farina have repeatedly made similar suggestions. In his case, holding 1,000 XRP is sufficient to position oneself for a life-changing opportunity via XRP.

Can 10K XRP Be Life-Changing?

However, not all community members share this perspective. X user Kev, responding to Claver’s post, expressed skepticism about the potential of XRP.

He argued that an XRP price of $10 wouldn’t be life-changing for those holding 10,000 tokens. Notably, at this price, the portfolio would be worth $100,000. 

In Kev’s view, for a 10,000 XRP holding to truly impact someone’s life, the price would need to reach much higher levels, such as $100 per token.

However, Kev questioned the likelihood of XRP reaching that level, suggesting that the chances of it happening were low.

Brazil Introduces Bill to Legalize Salary Payment in Bitcoin

Elendu Benedict
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Brazil Introduces Bill to Legalize Salary Payment in Bitcoin

The Brazil National Congress has received a bill prompting the legalization of salary and remunerations in Bitcoin and cryptocurrencies.

Luiz Phillipe of Orleans-Braganza, Sao Paulo’s former federal deputy, has submitted a bill to the Congresso Nacional de Brazil seeking the legalization of Bitcoin payments. The prominent politician filed for the legislature to create a mandate allowing workers in the South American nation to receive salaries and labor rights in cryptocurrencies.

Brazil to Consider Another Pro-Crypto Law

According to local media Livecoins, Phillipe presented the bill on Friday, March 14, seeking a rule change from the Brazilian National Congress. The proposal aims to allow workers to collect up to 50% of their wages and entitlements in digital assets.

Phillipe’s Crypto Salary Proposal

Notably, the bill does not mandate accepting Bitcoin; rather, it gives legal grounds for residents seeking exposure to the nascent technology. Upon agreement with the employer, employees would resume receiving labor rights in Bitcoin and can terminate the payment method at will.

Meanwhile, the bill stated that 50% of salaries would remain in the Brazilian real (R$) to sustain the currency’s utility. However, as overseen by the Brazilian Central Bank, this does not apply to freelancers, expatriates, or self-employed workers.

Notably, the proposal would require a plenary from the Chambers of Deputies and majority consent to pull through to the Federal Senate, which would finally decide on the bill.

Bill to Enhance Brazil’s Digital Asset Competitiveness

Phillipe insisted the bill would further place Brazil as a global digital asset hub amid a broader adoption of the nascent industry. He suggested this would attract foreign technological investments into the country and give employees autonomy and options in receiving their labor rights.

Meanwhile, the proposal mirrors a broader friendly stance towards digital assets in Brazil. With its clear regulatory framework, the South American country has created a conducive environment for virtual asset operators, with Binance recently receiving a broker license.

Notably, Brazil is not the first country to consider Bitcoin as a means of salary and remuneration payment. An Argentine lawmaker also introduced a similar bill in 2021. Moreover, a United Arab Emirates (UAE) court recently recognized salary payments in the pioneering cryptocurrency amid growing global adoption.

Goldman Sachs Mentions Bitcoin and Crypto for the First Time in Its Annual Shareholder Letter

Elendu Benedict
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Goldman Sachs Mentions Bitcoin and Crypto for the First Time in Its Annual Shareholder Letter

Bitcoin and cryptocurrencies received another high-caliber acknowledgment after Goldman Sachs mentioned the asset class for the first time in its annual letter.

Cryptocurrency appeared in the annual shareholder letter of the second-largest global investment bank for the first time in the firm’s 156-year history. Goldman Sachs mentioned the nascent asset class, highlighting its growing relevance in the financial industry.

The multinational financial services company, based in New York, released its yearly CEO letter to investors on March 14 as proxy material for the imminent 2025 Annual Meeting of Shareholders. The letter dissected Goldman Sachs’ fiscal endeavors for the previous year and mentioned Bitcoin for the first time ever.

Cryptocurrency Receives High-Caliber Endorsement

Goldman Sachs highlighted the nascent industry’s growing market influence, driving competitiveness in the financial market. The firm recognized the astronomical demand for distributed ledger technologies like cryptocurrencies, reconstructing the type of products the company and its rivals offered.

Indeed, the crypto industry starred last year following several bullish catalysts. First, the US spot exchange-traded funds (ETFs) launched last year, drawing massive liquidity and attention to the market. Then, Donald Trump’s endorsement of the sector turned the heat on Wall Street, sparking intense traction toward Bitcoin and altcoins.

Notably, Goldman Sachs stressed that the emergence shifted market sentiments, reshaping the services investments banks offer clients. This impacted its business as some of its clients sought certain products related to crypto that its competitors offered, and it did not.

Moreover, the mention marks a significant step in the digital asset adoption curve. Before now, such remarks were unforeseen due to the investor sentiments around the sector.

Nonetheless, the prominent investment bank warned users of the uncertainties associated with cryptocurrency ventures. While acknowledging its increasing relevance, Goldman Sachs stated that its nascent nature leaves room for intense vulnerability from cyber-attacks and “other inherent weaknesses.”

Goldman Sachs’ Long History with Crypto

The financial services firm has had a long history with the crypto industry, launching a crypto desk as early as 2021. A year later, it debuted the Goldman Sachs Digital Asset Platform (GS DAP) to facilitate the issuing and custody of digital assets such as digital bonds.

Since then, the bank has made significant efforts to offer Bitcoin to its clients. In February, Goldman Sachs revealed holding $1.27 billion in Bitcoin through the BlackRock iShares Bitcoin Trust (IBIT) and over $470 million in the Ethereum spot ETFs.

Meanwhile, sentiments about crypto have generally been bullish for Goldman Sachs. Its CEO, David Solomon, described Bitcoin as a store of value despite its highly speculative nature.

Here’s Shiba Inu Price if Bitcoin Hits $220K by 2028 Halving

Sam Wisdom Raphael
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Here’s Shiba Inu Price if Bitcoin Hits $220K by 2028 Halving

Shiba Inu price could witness an extraordinary surge if it follows Bitcoin trajectory as the firstborn crypto continues its post-halving trends.

Bitcoin (BTC) and the rest of the crypto market have hit a snag in the Donald Trump-led uptrend, with Shiba Inu (SHIB) being one of the most affected. For context, as BTC struggles at the $80,000 mark, SHIB has collapsed by nearly 40% year-to-date, making it one of the biggest losers of the market-wide crash.

This trend is largely due to Shiba Inu’s higher volatility, which can be especially advantageous during market rebounds. As a result, several analysts have projected that SHIB could witness an impressive recovery push whenever the overall market trend reversed.

However, it remains to be seen how far this recovery could go. To ascertain this, The Crypto Basic recently assessed how much Bitcoin could get to if it follows a particular post-halving trends until 2028 and how high Shiba Inu’s recovery push could take its price should the meme coin follow Bitcoin’s footsteps.

Bitcoin’s Post-Halving Trend

Notably, this post-halving pattern has seen Bitcoin increase from its previous bottom in the preceding cycle to a much higher price at the close of the next halving month. 

For context, BTC increased 433% from the 2011 cycle low to close November 2012 at $12 after the first Bitcoin halving that month. The second halving came up July 2016, and Bitcoin closed this month at $624, marking a 310% increase from the previous cycle low.

Bitcoin Halving Trends
Bitcoin Halving Trends

Meanwhile, after the third halving, which took place in May 2020, Bitcoin closed the month at $9,446, a 202% rise from the preceding cycle low. Further, the most recent halving, which took place in April 2024, saw Bitcoin close the month at $67,477, representing a 272% increase from the previous cycle low.

Interestingly, data confirms that the average increase from the cycle low to the close of the halving month amounts to 344%. With the next Bitcoin halving expected to occur in April 2028, this estimate could help us ascertain what Bitcoin price would be at the close of the next halving month.

Shiba Inu Price if Bitcoin Hits $220K Post 2028 Halving 

However, this assessment would not be as accurate, considering that Bitcoin’s cycle low remains uncertain. Nonetheless, for the sake of the evaluation, we will consider the post-2024 halving floor price of $49,577 attained in August 2024. If Bitcoin increased 344% from this price, its value would skyrocket to $220,121. 

Notably, with Bitcoin dictating the direction of the rest of the crypto market, this suggests that altcoins like Shiba Inu could see a comparative increase from the current level. For context, data from IntoTheBlock confirms that Shiba Inu has an 87% price correlation with Bitcoin in the past 30 days.

Shiba Inu and Bitcoin Correlation
Bitcoin and Shiba Inu Price Correlation | IntoTheBlock

If this correlation persists, Shiba Inu could also see a comparative rise, but its greater volatility might ensure a higher upside. As a result, if SHIB sees a 3x more increase, this will translate to a 1,032% rise from the post-2024 halving low of $0.000008354. This leads to a new all-time high price of $0.00009456, around the $0.0001 mark.

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