With each passing day, Shiba Inu seemed to gather momentum geared towards hitting the long-awaited $0.001 projected price mark. While market conditions appear unfavorable for the actualization of SHIB’s price target, several analyses have surfaced, suggesting that the dog-themed taken could soon ascend to this price target.
In the wake of the realization that Shiba Inu could hit the $0.001 market cost, SHIB investors appear to weigh what they stand to gain if the token succeeds in attaining the predicted price.
Read Also: 3.9 Trillion SHIB Moved Away from Exchanges. Is this Bullish for Shiba Inu? Details
Expected Profits From A $100 SHIB Investment
The most recent market recovery phase saw Shiba Inu recover two psychological levels, eliminating every possibility of purchasing SHIB tokens at a discounted price, particularly below the $0.000007 market cost.
Notably, Shiba Inu as of June 10, declined to an unexpected $0.00000543 price low, implying that purchasing Shiba Inu tokens worth $100 in early June would have amassed about 18.42 million Shiba Inu coins for investors. On the other hand, based on Shiba Inu’s current price, a $100 investment in SHIB tokens would amount to an estimated 12.54 million SHIB coins.
Should Shiba Inu attain the $0.001 market worth, it implies that 12.54 million tokens would spike by 12,447% to about $12,547, raking in a profit of about $12,400 for an initial $100 investment.
Shiba Inu (SHIB) To Hit $0.001: Possibilities?
A $0.001 Shiba Inu’s price ascent would imply a surge of about 12,400%. Considering the crypto market trends and bearish outlook, attaining a spike by 12,400% does not seem impossible. However, it can not be guaranteed.
Remarkably, several projects like ShibCals, Shibarium, SHIB Cold Wallets, and an overall improved Shiba Inu ecosystem have been adopted by the meme crypto project, all in a bid to provide more utility for Shiba Inu.
Nonetheless, crypto market watchers seem convinced about the possibility of Shiba Inu hitting its previous all-time high (ATH) of $0.00008845, which the token attained in October 2021 than the projected $0.001 price mark. Should SHIB reclaim its ATH, it would imply a $1,059 profit for a $100 investment.
Read Also: Here’s How Much Shiba Inu (SHIB) Investors Need to Hold to Become Millionaires at All-Time High
Shiba Inu (SHIB) Latest Market Trends
Per CoinGecko, Shiba Inu now sells for $0.00000791 and is down by 1.5%. The meme token recorded a $0.00000694 minimum price and a $0.00000838 maximum price in the past week, which could be proof that the coin is striving to seal its position above the $0.000008 level despite printing intraday gains for ten consecutive days that went down as the longest winning streak in history.
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