In the wake of what could continue to persist as one of the most complicated phases of a bear market outlook ever experienced in the crypto sphere, crypto enthusiasts still seem to keep significant faith in some crypto projects.
Among cryptocurrencies that appear to attract interest despite the prevailing bear market, Shiba Inu (SHIB) seems to generate considerable waves, which has endeared it to the hearts of many.
Perhaps, the positives, especially the developmental growth in the Shiba Inu ecosystem, have been the main driving force propelling the expansion of Shiba Inu (SHIB) among diverse users.
Amid all the happenings, most shrewd crypto investors see now as the best period to accumulate SHIB as they anticipate a major rally that would catapult the digital asset’s price to a significant price high.
Shiba Inu’s most significant price ascent was when it attained the $0.00008616 price level on October 28, 21. According to Shiba Inu’s current price of $0.00000735, the digital asset would require a spike of approximately 1072% if it must reclaim its all-time high (ATH).
An increase by the above percentage is not far-fetched considering the impressive work the Shiba Inu development team has been putting into ensuring that Shiba Inu attains sustainable growth.
Notably, Shiba Inu’s Shibarium layer-2 scaling solution is live now and functioning perfectly. The technology solution was earmarked to become the game changer in the Shiba Inu ecosystem, especially with its burn capability.
It is worth mentioning that Shiba Inu’s enormous coin supply has always been a drawback to its expansion. It is left to see how the Shibarium would help improve Shiba Inu’s fortune.
Meanwhile, should Shiba Inu succeed in re-establishing its previous ATH, it will become a profitable investment deal for investors who have taken the bold step to accumulate substantial SHIB tokens at a lower price.
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Amount Required to Accumulate 1 and 5 Billion SHIB
At SHIB’s current price, 1 billion SHIB holdings would be worth an estimated $7,350, implying a profit of approximately $79,000 if Shiba Inu can reclaim its current all-time high (ATH).
Some ambitious traders who hope to make more profits could go on to accumulate 5 billion SHIB tokens worth $36,750. This whopping amount would worth $395,000 when SHIB hits its ATH.
It should be noted that happenings in the crypto space, especially those related to crypto assets market trends, can not be accurately predicted considering the fluctuations and volatility associated with the market. So, this insight should not be treated as financial advice. You are urged to do your own proper research before investing in any crypto asset, including Shiba Inu (SHIB).