While a bearish crypto market outlook seems to persist, most crypto enthusiasts think now is the best time to purchase Shiba Inu (SHIB) at discounted prices.
Notably, investors would want to purchase SHIB for hodling because of the bullish sentiments hovering around the crypto asset’s future price.
Per several previous reports, Shiba Inu (SHIB) has been projected by top market analysts and chartists to attain ambitious price levels such as $0.001 and $0.01.
Meanwhile, SHIB’s current all-time high (ATH) played out on October 28, 2021, when the token spiked to the $0.00008616 market worth. So, SHIB achieving a potential $0.01 price mark would imply an increase of about 12,155%.
Despite the seemingly large percentage gap between Shiba Inu’s present ATH and the new projected $0.01 price high, the crypto community, especially SHIB holders, appears convinced about the prospects in Shiba Inu to achieve the projected selling price.
For crypto investors willing to leverage SHIB’s current price to take in profits when the token eventually spikes to the projected price point, we have estimated the amount in US dollars needed to purchase certain SHIB holdings.
It is worth noting that SHIB’s price at the time of writing is $0.00000834. It would be the ground on which the calculations in this insight would arise.
Accumulating 5 Million SHIB Holdings
A 5 million SHIB holding will scoop a meager capital investment estimated to be $41.7 at the Shiba Inu’s current price. A similar investment would have cost an investor around $430.8 at SHIB’s ATH of $0.00008616.
On the other hand, a 5 million SHIB would run into $50,000 once SHIB attains the forecasted $0.01 price mark.
Accumulating 20 Million SHIB Holdings
With only about $166.8, one can accumulate 20 million worth of SHIB holdings at its current price. Meanwhile, a similar amount would barely procure close to 2 million SHIB holdings at the coin’s ATH.
20 million SHIB stores would amount to profits worth about $199,833 if SHIB’s projected $0.01 price plays out.
Accumulating 50 Million SHIB Holdings
At Shiba Inu’s current price, 50 million SHIB stores would be valued at an estimated $417. The same 50 million SHIB was worth about $4,308 when it rallied to the current ATH.
This implies that purchasing SHIB at the current price will be $3,891 less than the asset’s price during its ATH phase.
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Accumulating 100 Million SHIB Holdings
A 100M Shiba Inu store will cost an investment capital of $4,170 at the coin’s current price. Should SHIB’s $0.01 price prediction play out, $4,170 would only procure 417,000 SHIB tokens.
The difference between the amount of SHIB coins accumulated at the asset’s current price and the quantity obtainable at the predicted $0.01 price level would be approximately 99,583,000 SHIB tokens.
Accumulating 200 Million SHIB Holdings
With $8,340, one could accumulate 200 million SHIB at the current price. 200 million SHIB holdings would be worth $2M if Shiba Inu’s projected $0.01 price level plays out.
Meanwhile, per a previous report, several factors that could drive Shiba Inu (SHIB) to the $0.01 price level were highlighted. These factors include blockchain innovation, surging partnership deals, growing adoption, bullish sentiment from top crypto experts, and rising prominence.
Finally, potential investors should always weigh the risks associated with any crypto investment. Personal research before investing in any crypto project remains crucial.
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