Despite the ongoing market turmoil, Shiba Inu continues to attract significant attention and interest from the crypto community. With the ongoing talks about Shibarium, investors remain hopeful that the crypto asset will reclaim its all-time high (ATH).
This brings about the question of how much Shiba Inu (SHIB) an investor needs to hold to become a millionaire if the digital asset regains its price ATH.
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Shiba Inu (SHIB) All-Time High vs. Current Price
Shiba Inu reached its All-Time High in October 2021 during a remarkable rally in early 2021. At this time, the crypto asset traded at $0.00008845.
Its exchange rate, however, fell over the years, currently trading at $0.00000718. According to CoinMarketCap data, SHIB’s current value shows that the cryptocurrency has fallen by 91.89% from its ATH value.
How Much SHIB Does an Investor Need to Become a Millionaire if it Regains All-Time High?
To become a millionaire at SHIB’s ATH value, an investor would need approximately 11.31 trillion Shiba Inu tokens.
This is because at ATH, 11.31 trillion Shiba Inu would be worth $1 million.
However, due to the asset’s price surge instability, as already seen, the required investment to procure 11.31 trillion SHIB would be lower. With SHIB currently trading at $0.00000718, an investor would need an estimated $81,180 to acquire 11.31 trillion SHIB tokens. This represents a return of up to $918,000 and an appreciation rate of 1,131%.
Read Also: American Politician Applauds Shiba Inu (SHIB), Says “Thank Goodness We Are Not PEPE”
Can Shiba Inu (SHIB) Reclaim All-Time High (ATH)?
The feasibility of Shiba Inu ever reclaiming ATH remains inconclusive. The Shiba Inu community has been actively working on various initiatives to facilitate a price recovery for the asset.
Recently, Shiba Inu reclaimed the $0.000007 zone following an impressive surge observed over the weekend. With a 7.49% gain over the past week and several consecutive days of persistent gains, on-chain data suggests that SHIB might be gearing up for a potential price recovery.
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