With 2024 already in full swing, crypto enthusiasts are braced up for juicy profits from their cryptocurrency investments.
Among cryptocurrencies with the potential to skyrocket this year, Shiba Inu (SHIB), renowned for its incredible performance in the 2021 bull season, has been earmarked for another outstanding run alongside other cryptocurrencies.
Notably, the 2021 rally that saw Shiba Inu (SHIB) attain an all-time high (ATH) of $0.00008616 in October 2021 made many early SHIB investors millionaires, as the coin surged by over 50,000,000%.
Read Also: Ben Armstrong (Bitboy) Dubs This Meme Coin The Shiba Inu (SHIB) of 2024 Bull Run
Shiba Inu’s surge in 2021 was so rapid that it occurred roughly fifteen months after the coin’s initial launch.
Meanwhile, Shiba Inu (SHIB) is currently trading at approximately $0.0000095, and several market analysts and other artificial intelligence tools have speculated about the token’s potential to attain price levels around the $0.001 price region.
Based on current market standings, Shiba Inu (SHIB) will only need to surge by approximately 10,426.3%, which is not far-fetched compared to the spike in 2021.
This insight will unveil the amount of SHIB holdings required to make $1 million, $10 million, or $20 million if SHIB eventually hits the highly speculated $0.001.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Amount of SHIB Required To Make $1M at $0.001
For Shiba Inu (SHIB) at $0.001, about a billion SHIB is required to make $1 million. To accumulate the amount of SHIB at current prices will cost approximately $9,500. This represents about $990,500 profit.
Amount of SHIB Required To Make $10M at $0.001
To make $10 million when Shiba Inu (SHIB) hits $0.001, about 10 billion tokens are required. At current prices, these tokens will cost $95,000.
Potential returns on investment (ROI) from the above investment will amount to approximately $9,905,000.
Read Also: Shiba Inu Burn Rate Surges 2,924%. How Much Could This Impact SHIB Price?
Amount of SHIB Required To Make $20M at $0.001
For Shiba Inu (SHIB) at $0.001, about 20 billion SHIB is required to make $20 million. To accumulate the amount of SHIB at current prices will cost approximately $190,000. This represents about $19.99 million profit.
Whether Shiba Inu (SHIB) will attain the $0.001 remains unknown. For now, the price projection remains a highly speculative trend, as there are no parameters to gauge the authenticity of such happening anytime soon or in the future. Readers should endeavor to do proper research before deciding on investment choices.
Follow us on Twitter, Facebook, Telegram, and Google News
