Cryptocurrency

Amount Required to Accumulate 5M, 20M, 50M, 100M, or 200M SHIB At Current Price

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.

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.


Follow us on Twitter, Facebook, Telegram, and Google News

Chinedu Agbakwusi

Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.

Recent Posts

Best Cryptos to Buy in November 2024: Learn More About Qubetics, Polkadot, and Avalanche

The crypto market is buzzing again, and November 2024 is shaping up to be one…

3 hours ago

XRP Price Spikes As SEC Chair Gensler Officially Announces Resignation Date

Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has officially announced he…

3 hours ago

The Best Casino Games That You May Be Overlooking

Asking a bettor what their favorite casino games are will always result in one of…

4 hours ago

Biggest In Almost 3 Years: Something Big Is Coming For XRP

A prominent cryptocurrency market analyst, Armando Pantoja, has suggested that XRP might be on the…

4 hours ago

Explosive Crypto Bull Run 2024! Don’t Miss the Biggest Opportunity of the Decade!

As the new year dawns, the crypto world is buzzing with predictions of an epic…

6 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

6 hours ago