The price of Shiba Inu (SHIB) could experience a significant surge if it follows Bitcoin’s (BTC) historical post-halving trends. Analysts are evaluating SHIB’s recovery potential, particularly if Bitcoin continues its exponential growth post-halving.
Current Market Conditions
Bitcoin and the cryptocurrency market recently encountered resistance, with BTC struggling to maintain momentum at the $80,000 level. This downturn has notably affected SHIB, which has declined by nearly 40% since the start of the year. SHIB's heightened volatility makes it more susceptible to large price swings, both downward and upward. Historically, this volatility has positioned SHIB as a strong candidate for recovery when the market trend shifts favorably.
Bitcoin’s Post-Halving Performance
Bitcoin’s historical price trends demonstrate a clear correlation between halving events and long-term price appreciation. Each halving, reducing mining rewards, has contributed to significant price increases from previous cycle lows to the halving month’s closing price. For example, in November 2012, Bitcoin surged 433% from its prior cycle low, closing at $12.
Bitcoin Price Projection for 2028
While the precise market bottom for Bitcoin in this cycle remains uncertain, an estimate can be made based on previous trends. Bitcoin reached a post-2024 halving low of $49,577 in August 2024. Applying the average 344% increase observed in past cycles, Bitcoin could potentially rise to $220,121 by the time of the 2028 halving, inevitably impacting altcoins including Shiba Inu.
Shiba Inu’s potential price movement remains closely tied to Bitcoin’s performance. If BTC follows historical post-halving trends and reaches $220K by 2028, SHIB could see substantial growth. However, external market factors and macroeconomic conditions will also play a role in determining the actual trajectory.
