Shiba Inu (SHIB), one of the most globally recognized meme coins, has over the years grabbed crypto enthusiasts’ attention, possibly because of its subtle potential for expansion.
At press time, Shiba Inu’s market statistics on CoinGecko revealed its price to be $0.00000986, reflecting a 0.2% jump in the past 24 hours. It is currently the nineteenth-largest crypto by market cap.
Read Also: Shiba Inu Lead Dev Sparks Speculation Among SHIB Army With Recent Cryptic Tweet
Going by current trends and developments in the Shiba Inu ecosystem, it is safe to say that SHIB could still attain incredible prices and possibly surpass its all-time high (ATH).
Shiba Inu (SHIB) attained an ATH in October 2021, when it sold at approximately $0.000088. Reclaiming its ATH from its current price would imply a surge of about 792%.
In this insight, we shall evaluate the amount of SHIB holdings required to amass $5 million if the crypto asset succeeds in reaching specific price levels.
Amount of SHIB Required To Have $5 Million At $0.01
Attaining a $0.01 level would imply an incredible surge of about 101,320% from SHIB’s current standings. For SHIB at $0.01, 500,000,000 (500M) SHIB holdings will be worth $5 million.
Accumulating 500M SHIB coins at current price standings will burn an investment capital worth $4,930, implying profits of over $4.995M.
Amount of SHIB Required To Have $5 Million At $0.03
Attaining a $0.03 price level from Shiba Inu’s current $0.00000986 price level would imply a spike of about 304,160%.
If SHIB attains a $0.03 selling price, approximately 166,666,666.7 (166.7M) SHIB holdings will amount to $5 million. Purchasing these massive Shiba Inu holdings in the current market will require a start-up investment fund of about $1,643.3. Profits from the investment will stand at around $4.998M.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Shiba Inu (SHIB) Faces Uncertainty as Shibarium Daily Transactions Nosedive
Amount of SHIB Required To Have $5 Million At $0.05
While Shiba Inu (SHIB) at $0.03 might seem incredible, a potential increase to the $0.05 price level appears more ridiculous as it signifies a surge of approximately 507,000%.
Shiba Inu (SHIB) at $0.05 per token would require 100,000,000 (100M) SHIB holdings to achieve $5 million. Procuring similar coin holdings based on Shiba Inu’s current price will cost $986. Profits from this investment will run into about $4.999M.
In conclusion, readers should not perceive this piece as investment advice. Research remains crucial before making any investment decision.
Follow us on Twitter, Facebook, Telegram, and Google News
