Shiba Inu to $0.00002? The Meme Coin’s Shot as Bitcoin Soars Past $116K

Dogecoin’s rowdier little brother is back in the spotlight—and this time, it’s got Bitcoin’s bull run as a tailwind. With BTC smashing past $116,000, traders are eyeing Shiba Inu’s next price target: that elusive $0.00002.

### The Meme Coin Math

No white papers, no utility—just pure, unfiltered momentum trading. When Bitcoin rallies, altcoins like SHIB often ride the coattails. But can a token born as a joke really 10x from here? The chart addicts say yes; the SEC probably disagrees.

### Liquidity Tsunami

Bitcoin’s move is flushing fresh capital into crypto. Retail FOMO is creeping back, and where does that money go first? The ‘low price, high dreams’ section of CoinMarketCap—where SHIB lives rent-free.

### The Cynic’s Corner

Let’s be real: this is gambling dressed as investing. But hey, in a market where ‘number go up’ is the only theology, even meme coins get their rapture. Just don’t bet the farm—unless you’re into that kind of volatility-induced adrenaline rush.

Can Shiba Inu Reclaim $0.00002 After Bitcoin’s Rise to $116,000?

If the crypto market continues its upward momentum, there is a high possibility that SHIB could reclaim the $0.00002 price level. The asset has not traded at $0.00002 since January of this year. SHIB rose to $0.00003 in early December 2024. Since December of last year, SHIB’s price has gradually fallen.

Shiba Inu’s (SHIB) latest rally is most likely a byproduct of Bitcoin (BTC) rising to a new high. BTC’s rally, on the other hand, could be due to consistent institutional inflows. Institutional money is key in driving an asset’s price. BTC has also seen a lot of corporate treasury interest. About 21 firms have announced plans to invest around $3.5 billion in Bitcoin treasuries.

Shiba Inu (SHIB) may face resistance at the $0.000014 level. Breaching the $0.000014 price point could propel the asset to the $0.00002 mark.

While we may experience a market upswing at the moment, there is a possibility of a correction sometime in September or October of this year. The correction could step from BTC’s halving pattern. How the market reacts is yet to be seen.

Shiba Inu (SHIB) may also continue to rally if the Federal Reserve decides to cut interest rates. A rate cut could lead to further investments in risky assets, such as cryptocurrencies.