Shiba

Ethereum

Bitcoin

Bull Market

Shiba Inu

<ul>
 <li>VanEck analysts predict Bitcoin and Ethereum could reach $325,000 and $22,000, respectively.</li>
 <li>Shiba Inu (SHIB) has a high price correlation with both Bitcoin (85%) and Ethereum (94%) over a 30-day period.</li>
 <li>If Shiba Inu follows the price movements of Bitcoin and Ethereum, as predicted by VanEck, SHIB could potentially exceed the $0.0001 mark.</li>
</ul>
Amidst the prevailing market uncertainty, analysts at the prominent asset management firm VanEck have put forth bullish price projections for the two leading cryptocurrencies, Bitcoin and Ethereum.
These predictions, which are based on extensive research and a thorough analysis of current market conditions, could have significant implications for other digital assets, such as <a href="https://thenewscrypto.com/?s=shiba+inu" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu </a>(SHIB), if they come to fruition.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> VanEck Portfolio Manager &amp; Head of Digital Asset Research States Bull Market Price Predictions For… • <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> – $325,000 • <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> – $22,000 • <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> – $300 Do You Agree With These Bull Market Price Predictions For Crypto? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f914.png" alt="🤔" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ad.png" alt="💭" class="wp-smiley" style="height: 1em; max-height: 1em;"> Comment Below &amp; Follow For… <a href="https://t.co/7poMfWl5Ob" rel="noopener noreferrer nofollow">pic.twitter.com/7poMfWl5Ob</a>— Good Morning Crypto (@AbsGMCrypto) <a href="https://twitter.com/AbsGMCrypto/status/1801246279692861487?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 13, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-vaneck-s-optimistic-outlook-for-bitcoin-and-ethereum">VanEck’s Optimistic Outlook for Bitcoin and Ethereum</h2>
During a recent interview with crypto community figure Anthony Pompliano, Matthew Sigel, Head of Digital Asset and Portfolio Manager at VanEck, shared his firm’s bullish price targets for Bitcoin and Ethereum.
Abdullah Nassif, host of the Good Morning Crypto podcast, recently highlighted these remarks, drawing attention to the potential impact of these projections on the broader crypto market.
In response to a question from Pompliano, Sigel confirmed that VanEck’s research indicates a bullish case for Bitcoin, with a price target of $325,000. Additionally, he mentioned a recent projection from VanEck that sets a $22,000 price target for Ethereum.
These predictions suggest varying degrees of growth for the two leading cryptocurrencies. With Bitcoin currently trading at $61,738, reaching the $325,000 target would require a substantial 426.4% increase.
Similarly, Ethereum, which is currently changing hands at $3,460, would need to experience a massive 535.6% surge to achieve the predicted $22,000 level.
The cryptocurrency market is known for its price correlations, and if either or both of these leading assets reach the levels predicted by VanEck, Shiba Inu’s price could potentially benefit from the positive sentiment.
Data from IntoTheBlock reveals that SHIB has a 30-day price correlation of 85% with Bitcoin, indicating a strong relationship between the two assets’ price movements.

Shiba Inu (SHIB) Could Surpass $0.0001 if Bitcoin and Ethereum Reach VanEck’s Predicted Levels

Зміст

TheNewsCrypto

Інші статті, опубліковані 29 черв. 2024 р.

U.S. Treasury Issues Crypto Tax Regime For 2025, Non-Custodians Need To Wait

Oil King Pepe (OILPEPE) Explodes to $1.6 Million and Prepares to Rally Another 18,000% Ahead of K...

Trump the Felon (TRUMPFEL) to Explode 18,000% Ahead of KuCoin Listing, as Shiba Inu, Bonk and Dog...

Blast Price Prediction: Is This the Perfect Time to Invest?

Delta Exchange Launches Crypto Derivatives in Indian Market

BTC could hit $500k in 2029, $1m by 2033; these altcoins could follow a similar trend

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!