Investors seeking to make $1 million through investments in Shiba Inu would have to wait for SHIB to register astronomical gains.
Many people have flocked to the world of crypto with the aim of becoming millionaires in U.S. dollars. These individuals are mostly inspired by tales of how Shiba Inu (SHIB) turned many average-income earners into overnight millionaires in the 2020/2021 market cycle.
During that period, SHIB’s price surged tremendously, making many millionaires. Although Shiba Inu has not experienced a similar surge since then, most investors are confident that meager investments of $5,000 or $10,000 in SHIB might balloon into $1 million someday.
Consequently, we estimated that investments of $5,000 or $10,000 in Shiba Inu today could skyrocket to $1 million, according to predictions from renowned crypto experts. Reaching these goals would require increases of 9,900% and 19,900%, respectively.
Price Shiba Inu Must Reach to Transform $5K or $10K Investments to $1M
As of 08:05 (UTC) on April 12, SHIB was trading at $0.00001232 per token. The token has a market cap of $7.26 billion and a daily volume of $158.39 million.
At the current price, an investment of $5,000 in Shiba Inu would procure 405,844,155 (405.84 million) SHIB tokens. Similarly, a $10,000 investment would fetch 811,688,311 (811.68 million) SHIB at the current price.
Investors who commit $5,000 to SHIB today could make a fortune of $1 million if Shiba Inu’s price rallies to $0.002465. However, those with investments of $10,000 in SHIB would hit the $1 million target earlier if SHIB rose to $0.0012325.
Timeline for Shiba Inu’s Surge to $0.0012325 or $0.002465
We consulted multiple entities to ascertain when SHIB might clinch the audacious targets of $0.0012325 or $0.002465.
Earlier this month, we projected that SHIB could rise to the $0.0012 price mark if it rises 10,000% from where it traded on April 6. Popular AI chatbot ChatGPT also predicted that Shiba Inu would soar to the $0.002 territory between 2032 and 2034, approximately seven and nine years from now.
Meanwhile, experts at Changelly projected that Shiba Inu would skyrocket to $0.0012325 between 2035 and 2039. They predict that the $0.002465 target will materialize by February 2040. Notably, SHIB is expected to reach a maximum price target of $0.00269 by then.
Can Shiba Inu Clinch $0.0012325 or $0.002465?
At $0.0012325, Shiba Inu would have a valuation of $726.25 billion, assuming SHIB’s circulating supply remains stable at 589.25 trillion. However, the market cap will rise to $1.45 trillion if SHIB eventually hits the $0.002465 target.
As stated earlier, hitting the $0.0012325 or $0.002465 targets requires surges of about 9,900% or 19,900% from the current price. Notably, Shiba Inu has experienced higher growth in the past, particularly in the 2020/2021 market cycle, when its price rose by over 150 million percent.
It is improbable that SHIB would replicate its 2020/2021 success or even reach the projected targets of $0.0012325 or $0.002465 within the estimated timelines. Nonetheless, boosting Shiba Inu’s adoption through real-world utilities could take SHIB to these loftier targets. Also, burning a huge chunk of SHIB’s supply could help Shiba Inu reach the targets sooner.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
