After reclaiming the $0.000008 price level, hope seems reassured for SHIB holders as they seek to amass considerable profits off the second-largest dog-themed digital token.
Arguably, Shiba Inu’s pattern of recent recovery could imply that the token might soon attain a $0.00001 price level, and this seems to make potential investors wonder about how much would be required as investor capital to attain millionaire status if SHIB eventually reaches the projected $0.00001 price mark.
Read Also: 5.5 Million Customers Use Shiba Inu (SHIB) to Make Purchases at 81 Million Retailers Globally
For context, SHIB’s recent price recovery, which saw it reclaim a two-month price high of $0.00000878 on July 30, came about after a seemingly prolonged bearish run.
How Much to Invest For $1 Million At $0.00001 SHIB Price
Per CoinGecko, Shiba Inu’s price at press time was $0.00000819, and we would base our calculations on it. Accumulating a million dollars in SHIB from a potential selling price of $0.00001 would require holding 100 billion SHIB tokens.
Purchasing 100 billion Shiba Inu tokens based on the token’s current price would need an investment capital of $819,000, which is a good bargain considering the fact that it would amount to $1 million and profits running to about $181,000 once SHIB reaches the $0.00001 selling price.
Shiba Inu Attaining $0.00001 Price Mark: Possibilities
Since plunging to the $0.00000543 price low on June 10, Shiba Inu has continued to recover in value, reducing the possibility of ever accumulating the token at a more discounted value.
Read Also: Shiba Inu (SHIB) Sets a Notable All-Time High as Community Awaits Shibarium
While it can not be said with full conviction that Shiba Inu will attain the $0.00001 price mark, the chances of such a price ascent remain pragmatic, having already broken above one of its major resistance levels to be worth above the $0.000008 price level.
However, while we remain committed to serving our esteemed readers updates on crypto price predictions and market analysts, readers are encouraged to research deeply before delving into any crypto project.
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