Though Shiba Inu (SHIB), a top dog-themed token, has made millionaires out of many investors who adopted the crypto asset in its early days and those with initial investments below $100 in 2021.
SHIB’s stunning price surge in 2021 makes it the memecoin with the highest returns ever, Coingecko stated in a recent report. Per the report, a $12 SHIB investment in 2021 yielded $1 million in the space of 15 months.
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Recall that the second-largest decentralized meme token surged by roughly 8,424,203, or 84,242x, from its price at launch to its all-time high value recorded in 2021.
Following this historic rise in the price of SHIB at the time, several crypto users have expressed regret for not investing early in the project. However, Shiba Inu has been in a downtrend for over two years since it hit its all-time high price, offering an opportunity for interested crypto investors to accumulate the asset.
In particular, to become a Shiba Inu millionaire if the price of SHIB eventually rebounds and perhaps, reaches the highly desired $0.01 price point, an $878 worth of investment is all that is needed given the current price of the crypto asset.
Notably, SHIB is trading for $0.00000878 per token. Therefore, investing the sum of $878 in the project will earn the investor a whopping 100 million Shiba Inu tokens. Selling this amount of SHIB at $0.01 each would give the investor a return of $1,000,000.
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But the main catch is SHIB getting to this price point. Can SHIB reach $0.01 and when? While there is no certain answer to this question, Shiba Inu would need to skyrocket by approximately 113,795%, or 1,113x, to hit a price of $0.01.
The community believes reducing the supply of the digital asset would aid in boosting the value of SHIB hence, the introduction of the SHIB burn expedition which has taken billions of SHIB out of circulation so far. Notably, the largest SHIB burn transaction was executed by Ethereum founder Vitalik Buterin when he sent 410 trillion Shiba Inu tokens to the project’s burn wallet in 2021.
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