In the crypto space, investors have greatly benefited from sharp price surges, buying into a coin during its undervalued periods and reaping the fruits in bull seasons.
Like a few other coins, SHIB has leveraged the inherent volatility of the crypto space to make Shiba Inu millionaires, as evident in the 2021 bull season.
According to Shiba Inu’s data on Coincodex, the digital asset is changing hands at approximately $0.000026 after seeing a 6% upsurge in the past 24 hours.
In addition, the meme coin registered a 180.62% surge in the past month. However, the past seven days saw the token decline by 8.57%, suggesting the possibility of a correction phase in the coin’s market cycle.
Market watchers have speculated that the current market phase will be transient as the market will soon pick up again.
How high SHIB will ascend in the coming weeks remains to be seen. Nevertheless, chances of the token soaring beyond imagination seem to abound, and we shall estimate possible returns on Shiba Inu for a $1,000 investment if the coin hits some specified price targets.
Returns on $1,000 in Shiba Inu at $0.0009 and $0.009
Consider a scenario where an investor buys $1000 worth of SHIB at the current market price of $0.000026. Such an investor would procure a total of 38.46 million tokens
Should SHIB eventually break above its $0.00008616 all-time high (ATH) to assume $0.000938, the 38.46 million coins would be worth about $36,077, implying that the initial $1,000 investment would increase by more than thirtyfold.
Additionally, assuming Shiba Inu records a higher price target of about $0.00943, the 38.46 million SHIB, initially worth $1000, would surge to about $357,678, suggesting profits of over $350,000.
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Read Also: What 100 Million SHIB Will Be Worth When Shiba Inu Price Hits $0.001 Or $0.01
How Soon Will Shiba Inu Hit Either Of The Projected Price Targets
The possibility of SHIB hitting the projected price targets depends on several factors, making it difficult to arrive at a precise conclusion. However, we opted for insights from reputable firms to see when they anticipate Shiba Inu at $0.0009 or $0.009.
Changelly, a leading trading and price prediction outlet, expects the coin to record a minimum price of $0.000938 in July 2033, adding that the $0.00943 value would be SHIB’s estimated price in May 2040.
In contrast, the analytical platform Telegaon theorizes that it will take Shiba Inu a lot longer to reach $0.000938, with the coin reaching this amount in 2035. For the $0.0094 price target, the analytical firm projected a timeline between 2035 and 2040.
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