Shiba Inu: How To Become A Millionaire With SHIB in April 2024? (2024)
Shiba Inu (SHIB) has turned many early investors into multi-millionaires and, in some cases, even billionaires. While SHIB’s price has been on a downward trend after its October 2021 highs, the asset may hit a new peak next month.
According to CoinCodex, SHIB could delete another zero in April 2024. According to the platform, the dog-themed crypto could surge to $0.0001 on Apr. 24, 2024.
To have one million dollars worth of SHIB at $0.0001, you will need 10,000,000,000 (10 billion) tokens. The price of 10 billion SHIB right now is about $303,700. In this scenario, the portfolio’s value would surge by around 229%.
While SHIB may hir $0.0001 in April, fans and investors have long pursued much higher prices for the dog-themed crypto. In particular, SHIB fans have long targeted the “one-cent dream.” However, the journey to $0.01 is not easy.
According to Changelly, SHIB could hit the $0.01 target sometime between 2033 and 2040, about nine to sixteen years from now. Telegaon, on the other hand, predicts SHIB to hit the one-cent mark sometime between 2035 and 2040.
One of the most significant barriers to Shiba Inu’s (SHIB) price is the project’s massive supply. However, the SHIB team is reportedly working on a new burn mechanism, rumored to burn trillions of tokens yearly. If the SHIB team can drastically reduce the asset’s supply, we may witness a massive surge in the asset’s price. However, we do not have an official launch date for the new burn mechanism.
Furthermore, burns alone may not help push SHIB’s price. The project will also need to see an uptick in mass adoption to drive prices higher.
Shiba Inu was once a millionaire maker. Its huge gains since its introduction exceed the returns of almost any other investment. But Shiba Inu isn't sneaking up on anyone anymore. It's well known, and the chances of it repeating comparable gains are minimal at best.
Circling back to the $100,000 goal, at the hypothetical price of $0.0065, about 15.38 million SHIB would be needed to achieve that six-figure sum. With SHIB currently valued at $380 for that quantity, the math aligns to yield $100,000, Moving forward to the year 2040, Changelly speculates that SHIB could reach $0.02.
Shiba Inu (SHIB 2.98%) opened in 2021 at a price of $0.0000000000773 per token. By the end of that year, it reached $0.000035, which was a mind-boggling gain of 45,278,000%. That would have been enough to turn a perfectly timed investment of $1,000 into $452 million.
However, reaching $1 million with SHIB would require a much larger investment and a significant price increase. You'd need approximately 1.42 billion tokens, currently costing around $35,714.28. While a positive market swing could propel SHIB to higher prices sooner, the project's vast supply remains a hurdle.
Our list of the next big crypto coins to explode in 2024 (x100 Bull Run) : EarthMeta ($EMT) – AI-driven Metaverse platform for decentralized governance and digital real estate. Folki ($FOLKI) – Meme coin integrating with the metaverse.
Shiba Inu Coin Price Analysis and Forecast 2022-2030
According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit.
Vitalik Buterin is the top Shiba Inu crypto holder. He is the one who helped co-found Ethereum and is probably one of the most influential people in cryptocurrency. One of the things he's most known for that caused an uproar about was his decision to burn a large portion of his Shiba Inu holdings back in 2021.
Shiba Inu (SHIB 0.77%) minted some millionaires after its launch on Aug.1, 2020. The meme coin, which was created as a light-hearted parody of Dogecoin, started trading at just $0.000000000056 per token. Its price soared to an all-time high of $0.000086 on Oct.
The price of 1000000 Shiba Inu in the US is 18.20 USD. Additionally, Shiba Inu's price for 1000000 SHIB is 19.47 EUR in the eurozone, 23.02 GBP in the UK, 13.29 CAD in Canada, 12.09 AUD in Australia, 0.217893 INR in India, 0.013123 KRW in South Korea, and 20.39 CHF in Switzerland.
You can convert 100000000 SHIB to 2,081.59 USD. Live SHIB to USD calculator is based on live data from multiple crypto exchanges. Last price update for SHIB to USD converter was today at 11:23 UTC .
The price of 2000000 Shiba Inu in the US is 41.63 USD. Additionally, Shiba Inu's price for 2000000 SHIB is 44.58 EUR in the eurozone, 52.81 GBP in the UK, 30.31 CAD in Canada, 27.55 AUD in Australia, 0.498425 INR in India, 0.030128 KRW in South Korea, and 46.80 CHF in Switzerland.
The price of 1000000 Shiba Inu in the US is 21.68 USD. Additionally, Shiba Inu's price for 1000000 SHIB is 23.29 EUR in the eurozone, 27.63 GBP in the UK, 15.77 CAD in Canada, 14.34 AUD in Australia, 0.259476 INR in India, 0.015753 KRW in South Korea, and 24.16 CHF in Switzerland.
Holding 10,000 Dogecoin Could Make You A Millionaire, Predicts Crypto Analyst. Since 2021, Dogecoin (DOGE) has consistently been one of the largest cryptocurrencies in the market. The token has attracted tens of billions in investment and is up more than 27,000% since its launch.
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