How Much Shiba Inu Do You Need To Make $10 Million If It Hits $0.1? (2024)
Shiba Inu (SHIB) has gained a reputation for turning early investors into multi-millionaires. Investors could have made over $1 billion by investing as little as $6,200. While many believe that the SHIB boat has sailed, others believe there is still time to make it big with the popular memecoin. SHIB fans, collectively known as the SHIB Army, are pursuing the “one-cent dream.”
If Shiba Inu’s (SHIB) price reaches $0.1, it will translate to a growth of about 1,109,408.49% (1.1 million percent). Such massive growth will likely turn many investors into multi-millionaires. If SHIB reaches $0.10, you will need 10,000,000 tokens (10 million) to have one million dollars worth. The price of 10 million tokens right now is about $90.7. Turning less than $100 into $1 million will be among the most profitable trades ever.
One million percent growth will take a long time to achieve. However, it is not something that Shiba Inu (SHIB) has not achieved before. In its first year, SHIB’s price rallied by many million percent before hitting its all-time high of $0.00008616. Hence, the token can replicate its 2020-2021 rally.
According to Changelly, Shiba Inu (SHIB) may reach the $0.10 level sometime after 2050, almost 26 years from now. Telegaon, on the other hand, anticipates SHIB to reach $0.10 sometime between 2040 and 2050. Either way, investors will have to wait a long time if both platforms are correct.
However, during the 2020-2021 rally, Ethereum co-founder Vitalik Buterin burned almost half of Shiba Inu’s (SHIB) supply. Buterin had received half the supply upon launch and decided to burn 90% of the tokens. The project could rally over one million percent if the SHIB team can carry out a similar burn. The team is working on a new burn mechanism that could potentially burn trillions of tokens yearly. The new burn mechanism could help push SHIB’s price to the $0.10 target much sooner than anticipated.
For aspiring SHIB millionaires eyeing the $10 million mark for $0.01 per coin, the formula is clear: divide the desired target of $10,000,000 by the price of $0.01. This arithmetic translates to the acquisition of 1,000,000,000 SHIB.
Investing $1,000 in Shiba Inu at the current price of $0.0000242 would net you 41.3 million tokens. Simple math suggests those tokens would have to trade at $0.024 each for your position to be worth $1 million.
According to the prediction, Shiba Inu could hit a price target of $0.05 (5 Cents) during the same year in 2040. That's 17 years from today, and there's a long way to go.
The day it hits the $0.01 mark, the sell-off would be so huge, that the token might crash on all cryptocurrency trading platforms. The sell-off would occur from investors across the world leading it to slump in price minutes after hitting 1 Cent.
Simply put, there is no way Shiba Inu can rise to $1 in its current state. The community is trying to shrink supply by "burning" tokens, which removes them from circulation forever, but efforts have been futile so far.
A crypto investor bought about $8,000 worth of shiba inu coins in August 2020. Just over a year later, the $8,000 trade has morphed into a value of about $5.7 billion. Shiba inu coin is up more than 7 million percent since its debut in August 2020.
If you're looking to gain exposure to cryptocurrencies in your portfolio, it's best to keep things simple and focus on the most valuable digital asset out there. It shouldn't be a surprise that I'm talking about Bitcoin (BTC 0.32%). Here's why it's the ultimate cryptocurrency to buy with $1,000 today.
Shiba Inu (SHIB) may have the potential to touch the 10 cents price mark but the investors anticipating this growth may have to wait for decades. Shiba Inu's strengths and weaknesses are glaring before the community and despite this, the ambition to wait out the dry days for a massive price turnaround is not waning.
Shiba Inu is expected to cost between $0.0045 and $0.0058 in 2040, with an average market price of $0.0049. This range represents market expectations and takes into account several possibilities as crypto is expected to attain widespread usage.
The community will have to burn 99.99998% of all tokens to send Shiba Inu to $1 based on its current market cap. In other words, almost all the 589.3 trillion tokens must disappear from circulation, leaving just 6.3 billion remaining.
For Dogecoin's price to skyrocket, demand would need to outpace rising supply. That's a tall task. In my view, then, there are no fundamental reasons to be long-term bullish about Dogecoin. In fact, it's very unlikely the token will rise 600% to reach $1 by 2030.
June 2024: Analysts predict that Shiba Inu's price could range from a minimum of $0.0000128 to a maximum of $0.0000581, with an average value of $0.0000355. The potential ROI for June is estimated at 152.6%.
Live USD to SHIB converter & US Dollar to Shiba Inu calculator with 10000 USD to SHIB price chart. You can convert 10000 USD to 452.14M SHIB. Live USD to SHIB calculator is based on live data from multiple crypto exchanges.
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