Shiba Inu: How To Make $1 Million If SHIB's Price Hits $0.001 (2024)
Investors who took an entry position in Shiba Inu firmly believe that the token could earn them $1 million in profits. SHIB is among the top-performing cryptocurrencies this year delivering the highest returns to investors. It spiked nearly 280% in 30 days and the stellar price rise is making investors believe that chances of turning into a millionaire with SHIB could be a reality.
Shiba Inu generated more profits than Bitcoin, Ethereum, and the larger cryptocurrency market combined since last month. The development is making the token attract heavy bullish sentiments as a new batch of investors enters its fold. Not just the common investors, even top trading platforms like Robinhood have been buying trillions of SHIB tokens lately.
The goal of every SHIB investor is to make $1 million or more and lead a life of financial freedom. Considering that Shiba Inu is rallying now, in this article, we will highlight a scenario on how you can make $1 million if SHIB’s price reaches $0.001.
Shiba Inu: Here’s How To Become A Millionaire When SHIB Hits $0.001
Shiba Inu is currently trading in the $0.000032 price range on Wednesday. It deleted a zero during the bull run and is now consolidating in price for another leg up. Considering that you want to make $1 million when its price reaches $0.001, you need to own 1,000,000,000 (1 billion) SHIB tokens in your wallet.
To reach the $0.001 price target, SHIB needs to rise by another 3,100% from its current range of $0.000032. Spiking in price this much is not impossible because Shiba Inu has risen 85,000,000% (85 million percent) from August 2020 to October 2021.
Therefore, to own 1 billion SHIB tokens while it’s trading at $0.000032 today would cost you $32,450. This much money could get you to accumulate 1 billion Shiba Inu tokens today. If SHIB spikes 3,100% from here and reaches $0.001, then the $32,450 invested today could turn into $1 million.
SHIB fans and investors have long pursued the $0.001 target. Many are hopeful they can settle down for life if SHIB achieves this feat. You will need 1000000000 SHIB (1 billion tokens) to have one million dollars worth of SHIB at $0.001 per coin. The price of 1 billion SHIB right now is about $23972.
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.
If SHIB were to reach $0.01, it would have a market capitalization of approximately $5.89 trillion, which would be more than 4x larger than Bitcoin at its very peak.
Currently, Shiba Inu has a market capitalization of roughly $6.2 billion and a circulating supply of roughly 589 trillion tokens. At a price of $0.01 per token, the cryptocurrency would have a market capitalization of $5.89 trillion.
So yes, Shiba Inu once had millionaire-making potential. However, Shiba Inu is much better known these days, which could limit the future upside in the price. Shiba Inu's market cap is currently about $14 billion, down from $39 billion at its peak in 2021.
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.
So the short answer to whether the Shiba Inu coin can reach 50 cents is a "🔥NO🔥" The main restrictive factor is SHIB's circulating supply, which would, at current amounts, produce a market cap of nearly $294.5 trillion if the meme coin were to reach the $0.50 mark.
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.
Can Shiba Inu burn trillions of coins? In 2022, a Shiba Inu community member, who goes by the pseudonym 'Queenie,' projected that the Shibarium burn portal could incinerate a whopping 111 trillion SHIB tokens annually.
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.
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.
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.
Pepe Coin will never reach 1 Cent as it is unlikely ever to reach a Market Cap of 4.2 Trillion (Higher than Apple Today). Considering the criteria Quality of Investment, growth required, and time required, Pepe has no chance of reaching 1 Cent.
Wallet Investor expects that Shiba Inu coin price will reach a maximum price of $0.00001058 in 2024. (We have exceeded this Shiba Inu prediction already this year with a current price of $0.00003356 at the time of writing).
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.
The price of 100000000 Shiba Inu in the US is 2,312.96 USD. Additionally, Shiba Inu's price for 100000000 SHIB is 2,484.30 EUR in the eurozone, 2,942.43 GBP in the UK, 1,680.69 CAD in Canada, 1,527.62 AUD in Australia, 27.69 INR in India, 1.68 KRW in South Korea, and 2,578.19 CHF in Switzerland.
The price of 1000000 Shiba Inu in the US is 17.99 USD. Additionally, Shiba Inu's price for 1000000 SHIB is 19.24 EUR in the eurozone, 22.75 GBP in the UK, 13.14 CAD in Canada, 11.95 AUD in Australia, 0.215340 INR in India, 0.012970 KRW in South Korea, and 20.15 CHF in Switzerland.
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.
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