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.
When will Shiba Inu (SHIB) reach $0.1?
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.
If this happens, a Shiba Inu investor would need to hold 100 million SHIB to rake in $10 million when the price hits $0.1. These 100 million SHIBs can be purchased at $817 at the current exchange rate. Notably, you would need to invest $817 now to make $10M if SHIB reaches $0.1.
Should this $0.01 price goal ever come to fruition, an investor would need only a modest amount of SHIB to become a millionaire. At such a price, one would only need 100,000,000 (100 million) Shiba Inu to sit on a $1 million investment. These tokens are currently worth $1,384 at SHIB's current price.
To make $1 million if SHIB's price reaches $0.0003, an investor would require 3,333,333,333 (3.33 billion) tokens. At the current price, these tokens cost $51,500. Therefore, an investment of $51,500 in Shiba Inu today would be worth $1 million if the price surges to $0.0003.
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. In other words, Shiba Inu would have to deliver a gain of 99,900% from here.
It would also make the token around 19 times more valuable than Microsoft, which -- with a market cap of $3.1 trillion -- is the world's largest company. In other words, investors shouldn't bank on Shiba Inu soaring by more than 434,000% from here to reach $0.10. It's practically impossible.
Shiba Inu (CRYPTO: SHIB) burst onto the scene during crypto mania in 2020 and 2021. The digital asset skyrocketed in 2021 during a raging bull market, certainly making some early adopters wealthy beyond their wildest dreams. But as things stand today, Shiba Inu is 89% below its peak price.
Extremely Difficult. Next to impossible. Unless, some millionaire burns huge amounts of SHIB, or, people shift from BTC to SHIB immediately, I do not see SHIB reaching $2.
SHIB Needed to Make $100K if Shiba Inu Rises 10x, 50x or 100x. To achieve $100,000 with SHIB rising 10x, you would need to have 558,659,217 tokens. Currently, these tokens would cost $10,000. In a scenario where Shiba Inu increases 50x, you need 111,731,843 SHIB to make $100,000.
A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today, it is worth $5.7 billion. 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.
According to insights from BTCC, if SHIB were to undergo a 50% coin burn annually for the next two decades, it would take approximately 19 years to reach 1 cent. However, more conservative estimates from CoinCodex suggest that SHIB's price might reach $0.00002997 by July 2025.
Can enough tokens be burned in 2024 to send Shiba Inu to $1? 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.
Shiba Inu Price Prediction 2025,2026.. 2030. According to Binance price prediction input for Shiba Inu, the value of SHIB may increase by +5% and reach $0.000023 by 2030.
The recent interest and trading boost give hope. But reaching 10 cents depends on many things, like market trends and how people feel about SHIB. The crypto market can be unpredictable. So, hitting 10 cents is not guaranteed, but it's not impossible either.
Introduction: My name is Patricia Veum II, I am a vast, combative, smiling, famous, inexpensive, zealous, sparkling person who loves writing and wants to share my knowledge and understanding with you.
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