Shiba Inu (SHIB) Price Could Witness a Remarkable Increase by the Next Bitcoin Halving in 2028

This event, which occurs once every four years, slashes the block reward for Bitcoin miners by half, effectively reducing the supply rate of the original cryptocurrency.

Shiba Inu price could see a remarkable increase by the next Bitcoin halving in 2028 if the meme coin continues its upward trajectory.

Shiba Inu has surged 2,263,274% since launch as Bitcoin halvings bring huge gains for crypto market

Shiba Inu price may see gains of 22,632% if it follows 2020 to 2024 growth.

Shiba Inu could be trading at $0.004979 by the 2028 Bitcoin halving if it continues growing at the same rate.

However, this price remains highly ambitious and would lead to a market cap of over $2.8 trillion.

Shiba Inu price has the potential to rise significantly by the next Bitcoin halving in 2028 if the meme coin follows its upward trajectory.

Bitcoin halvings are significant events that occur once every four years. During this event, the block reward for Bitcoin miners is slashed in half, effectively reducing the supply rate of the original cryptocurrency.

Often, this scenario leads to bullish price action for Bitcoin as demand meets a lower supply rate. Additionally, due to Bitcoin’s influence on the broader crypto market’s direction, a bullish price action for the firstborn crypto asset translates to price improvements for altcoins like Shiba Inu.

Shiba Inu has come a long way since its launch in August 2020, three months after the 2020 halving event. The 2020 halving occurred in May of that year, while SHIB was launched in August.

After Shiba Inu’s launch, the next Bitcoin halving took place four years later, in April 2024. During the April 2024 halving, SHIB was trading at $0.022, an increase from the 2020 value.

Shiba Inu Spikes 2,263,274%

Data from CoinMarketCap indicates that between the time of its launch and the time of the most recent Bitcoin halving, Shiba Inu rallied by a massive 2,263,274%.

Now, the next Bitcoin halving is anticipated to occur in 2028, reducing block rewards from the current 3.125 BTC to 1.56 BTC.

If Shiba Inu price manages to replicate even 1% of its growth between launch and the 2020 halving, it could witness a rally of 22,632% or 227x.

Possible Shiba Inu Price at 2028 Bitcoin Halving

With Shiba Inu price trading at $0.022 during the 2024 halving, a 22,632% increase from this level would lead to a value of $0.004979.

Interestingly, analysts at Changelly, a crypto exchange resource, suggest that Shiba Inu price could hit the $0.0049 level in April 2040, twelve years after the 2028 halving.

However, even a 5x price increase from the 2024 halving would place Shiba Inu at $0.0011, which is still lower than its all-time high of $0.0014 reached in 2021.

Despite the extended timeframe, the $0.0049 price remains highly ambitious for Shiba Inu, potentially leading to a market cap of over $2.8 trillion. For context, this would surpass the current Bitcoin valuation of $1.62 trillion and the global crypto market cap of $2.69 trillion.

Therefore, we sought the opinion of AI Chatbot ChatGPT for more realistic targets for Shiba Inu price by the 2028 halving. The chatbot presented several growth patterns that could determine its trajectory, using a starting value of $0.00001303.

ChatGPT's Bearish, Moderate, and Bullish Cases for Shiba Inu Price at 2028 Bitcoin Halving

First, it presented a bearish case that would see Shiba Inu rise only 3x to $0.00003909 during the 2028 halving.

For its moderate case, ChatGPT believes Shiba Inu price would jump 5x to $0.00006515, still below the 2021 all-time high.

Meanwhile, the chatbot sets a 10x target of $0.0001303 if SHIB follows the 2020 to 2024 growth.

Notably, for its bullish case, ChatGPT predicts Shiba Inu price could rally 15x to $0.0001954