Analysts say Shiba Inu could erase a zero if Bitcoin reaches $100,000

Shiba Inu (SHIB), a meme-inspired cryptocurrency known for its loyal community and strong social media presence, has faced significant price setbacks since late 2024. After reaching $0.000032 in December 2024, SHIB has steadily declined and, by November 2025, added another zero to its price, reflecting a notable drop in value. Investors are now watching closely to see if SHIB can recover, as major market shifts in Bitcoin (BTC) tend to influence its trajectory.

Shiba Inu price struggles continue

Market data indicates that SHIB has moved in close correlation with Bitcoin. Following BTC’s surge to $80,000 in recent months, SHIB made a brief upward move, momentarily reclaiming $0.000006. The gains, however, proved short-lived, aligning with BTC’s subsequent dip to $78,000 and a wider correction in the crypto market.

The synchronized price action underscores the influence of Bitcoin’s performance on SHIB and other altcoins. Analysts often cite this dynamic as a core factor in predicting SHIB’s future price movements.

Wall Street firms Bernstein and Standard Chartered both project that Bitcoin could reach $100,000 by the end of this year, with Bernstein setting its target at $125,000 and Standard Chartered anticipating a potential test of $126,000.