Shiba Inu (SHIB) might not be recording remarkable market indices presently. Nonetheless, it remains an exciting prospect for investors who might not be willing to stake high-investment funds.
Reminiscing Shiba Inu (SHIB) early days before it spiked to attain an all-time high (ATH) of $0.00008616 in October 2021, it is safe to say that investors who remain steadfast in Shiba Inu by investing in the project now could become winners in the future.
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In this insight, we have carefully carved out the quantity of Shiba Inu holdings required to attain the SHIB millionaire status should the digital asset hit $0.0001.
While the above price level may appear speculative, it is not far-fetched. However, a potential timeline for it to play out remains unidentified, and enthusiasts can only hope for the best.
At the time of drafting this report, SHIB is worth $0.00000830, and our calculations shall be based on this price.
Estimated SHIB Holdings Required To Make $1 Million
Shiba Inu at $0.0001 implies that 10 billion SHIB tokens would be worth a million dollars. Purchasing these tokens now would cost $83,000.
The above deal appears profitable as a potential investment opportunity that promises huge returns on investment.
How SHIB Is Faring In The Crypto Market
While Shiba Inu’s market activities aren’t entirely impressive, it is okay to say that the crypto project seems to be doing fine, especially in ensuring it maintains relevance.
According to statistics obtained from CoinGecko, Shiba Inu’s highest price for the year is $0.00001473. This implies that the digital asset seemed to be struggling to break above resistance levels that would culminate in seeing it attain price highs in the range of $0.0001.
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Notably, the statistics also revealed that in comparison with what was obtainable last year, Shiba Inu remains below par by approximately 10%.
Intriguingly, despite registering remarkable market indices in the past month, the digital asset has dropped again. This could hint at a potential opportunity to purchase SHIB at discounted prices.
Sumarilly, while it is expected to always hope for the best, speculations do not depict facts, and readers should apply technical and trading knowledge to make the best out of this piece. Research and investigations remain crucial tools for every crypto trader wishing to be successful.
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