• Analyst suggests Shiba Inu (SHIB) could surge 321% if Bitcoin (BTC) reaches $200,000.
• Correlation between SHIB and BTC highlighted, but caution advised due to market volatility.
• Shiba Inu’s burn rate recently spiked, yet its price remains volatile.

A recent analysis has put forth the possibility of Shiba Inu (SHIB) surging by 321% if Bitcoin (BTC) reaches $200,000. The analyst highlights a potential correlation between the two cryptocurrencies but urges caution even with market volatility receding.

The analysis references a news article that highlighted a strong correlation between Shiba Inu and Bitcoin, suggesting that if Bitcoin reaches $200,000, Shiba Inu could potentially surpass 5600 points(321% surge.) This would represent an extraordinary surge from its current levels.

Although the predictions seem far-fetched, the speaker emphasized that there is no way to know if there is any correlation between the two leading crypto assets. He then urged viewers to approach with caution, as the cryptocurrency market is notoriously volatile. 

The digital asset market recently suffered one of its worst downturns, with over $1 billion in market value liquidated.…

The post Shiba Inu’s 321% Surge? Analyst Explores Bitcoin Correlation appeared first on Coin Edition.

• Analyst suggests Shiba Inu (SHIB) could surge 321% if Bitcoin (BTC) reaches $200,000.
• Correlation between SHIB and BTC highlighted, but caution advised due to market volatility.
• Shiba Inu’s burn rate recently spiked, yet its price remains volatile.

A recent analysis has put forth the possibility of Shiba Inu (SHIB) surging by 321% if Bitcoin (BTC) reaches $200,000. The analyst highlights a potential correlation between the two cryptocurrencies but urges caution even with market volatility receding.

The analysis references a news article that highlighted a strong correlation between Shiba Inu and Bitcoin, suggesting that if Bitcoin reaches $200,000, Shiba Inu could potentially surpass 5600 points(321% surge.) This would represent an extraordinary surge from its current levels.

Although the predictions seem far-fetched, the speaker emphasized that there is no way to know if there is any correlation between the two leading crypto assets. He then urged viewers to approach with caution, as the cryptocurrency market is notoriously volatile. 

The digital asset market recently suffered one of its worst downturns, with over $1 billion in market value liquidated.…

The post Shiba Inu’s 321% Surge? Analyst Explores Bitcoin Correlation appeared first on Coin Edition.