Every day, Shiba Inu’s potential to spike tends to grow stronger. Market watchers seem confident in sharing bullish sentiments on the coin despite the unfortunate event that accompanied the Shibarium launch.
Per several insights from top market analysts and chartists, Shiba Inu (SHIB) has the potential to attain price highs in the range of $0.001 and $0.01. Just recently, ChatGPT’s insight into the digital asset’s future price surfaced. The chatbot projected SHIB’s cost to be $0.1 by 2029.
While the above price predictions might seem a bit over-ambitious, a $12 investment in Shiba Inu in 2021 amounted to a million dollars, as revealed by CoinGecko via an old tweet dated May 4, 2023.
Read Also: Why SHIB Price Not Rising Despite Shibarium Launch? Top Shiba Inu Team Member Answers
Bearing the above revelation by CoinGecko in mind, it is safe to say that no price target is out of reach in the world of crypto, especially for Shiba Inu (SHIB), considering the Shibarium potential to spontaneously burn SHIB tokens coupled with many features and functionalities that could boost Shiba Inu ecosystem.
While we anticipate an unprecedented rally in Shiba Inu’s price movement, TimesTabloid has carefully carved out precise calculations on the amount of Shiba Inu holdings required to amass $20 million in Shiba Inu at some selected prices.
At the time of writing, Shiba Inu’s data on CoinGecko has revealed the asset selling price to be $0.00000809 and changing hands between the minimum and maximum price levels of $0.00000776 and $0.00000849, respectively in the past week.
Making $20 Million From SHIB At $0.0001
Should Shiba Inu succeed in hitting the $0.0001 price level, 200 Billion Shiba Inu stores would be required to achieve $20 million.
Based on Shiba Inu’s current price, $1,618,000 must be spent to amass 200 billion SHIB coins. This would invariably amount to profits of about $18.5 million.
Meanwhile, an increase to the $0.0001 price mark from Shiba Inu’s current value would imply a 1,250% increment.
Making $20 Million From SHIB At $0.001
If SHIB eventually attains the projected price level of $0.001, it implies that the token must have spiked by about 12,260%.
In addition, 20 Billion SHIB stores must have been stacked up for an investor to achieve $20 million.
Purchasing 20 billion Shiba Inu coins now will cost $161,800, implying that investors would be on the right track to earning approximately $19.8 million in returns.
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Read Also: Shiba Inu Lead Developer’s Response to a User Who Wants SHIB Price to Go Up
Making $20 Million From SHIB At $0.01
Shiba Inu attaining a $0.01 price level would imply a surge of about 123,500% from SHIB’s current price status. Accumulating $20 million at SHIB’s projected 0.01 price level would require 2 billion Shiba Inu stores.
At Shiba Inu’s current price, 2 billion Shiba Inu stores would cost approximately $16,180. Investing $16,180 now in Shiba Inu will yield about $19.850 million in profits.
Making $20 Million From SHIB At $0.1
At a selling price of $0.1 per token, 200 million SHIB tokens would amount to $20 million. On the other hand, actualizing a $0.1 price prediction for Shiba Inu would imply a surge of 1,240,000%.
For investors who could take the bold step to invest in Shiba Inu at its current price, $1,618 would be sufficient to procure 200 million SHIB which would eventually amount to about $19,999,998 in profits.
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