Thursday, June 20, 2024
HomeCryptocurrencyHow Much SHIB Will Make You $7 Million If Shiba Inu Hits...

How Much SHIB Will Make You $7 Million If Shiba Inu Hits $0.001, $0.01, and $0.1

Per one of our previous news articles, Shiba Inu was said to have catapulted many investors to millionaire status, especially crypto investors who ventured into the dog-themed meme crypto project in its early phase.

Remarkably, SHIB’s unparalleled price ascent in 2021 conferred on it the status of the meme coin with the highest returns on investment, as revealed by CoinGecko. Per reports in 2021, a $12 investment would amount to 1 million dollars in profit within a 15-month interval.

Read Also: Shiba Inu Team Says “We are cooking something”, Unveils Shibarium YouTube Channel

While most Shiba Inu investors continue to patiently wait for a similar unprecedented rally in SHIB’s market trend, we at TimesTabloid have analyzed and documented the amount required to amass $7 million in profits should SHIB hit any of these prices: $0.001, $0.01, and $0.1.

Expected Return if SHIB Hit $0.001

A potential $0.001 price mark for Shiba inu implies that the token would spike by more than 12,000% from its current selling price of $0.00000787.

Achieving $7 million if Shiba Inu hits the $0.001 market value would require about 7 billion SHIB holdings. Based on the token’s selling price today, one must invest at least $55,500 to be in a pole position for the $7 million returns in profits.

Expected SHIB Holdings To Achieve $7 Million In Profits

Attaining a $0.01 price level would require a surge of more than 120,000x from its current selling price. To accumulate up to $7 million based on a $0.01 selling price, a minimum of $5,500 must be forfeited as investment capital to amass 700 million SHIB coins.

Shiba Inu At $0.1 And The Journey To Raking In $7 Million In Profits

A $0.1 potential market worth will entail an ascent by a whopping percentage, ranging about 1,200,000%; this percentage increase implies that 70 million tokens would be valued at $7 million if a $0.1 SHIB selling price becomes attainable.

Based on SHIB’s price today, purchasing 70 million tokens would require an investment capital of about $550.

Read Also: Shiba Inu (SHIB) Presence at Blockchain Futurist Conference Takes Center Stage

<

Chances of Reaching $0.001, $0.01, or $0.1 For Shiba Inu 

Despite the glimpse of a promising future, the probability Shiba Inu (SHIB) would hit the prices above remains uncertain. In a nutshell, the chances of attaining these market prices are exceedingly low, and readers are encouraged to do deep research before delving into the project.

Meanwhile, per CoinGecko, Shiba Inu is still ranked 18th with a market cap valued at about $4,623,628,424, with a market cap dominance of 0.375%. The past week saw Shiba Inu appear trapped in a resistance level, recording a minimum price and maximum selling cost of $0.00000762 and $0.00000794, respectively.


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

Chinedu Agbakwusi
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.
RELATED ARTICLES

Latest News & Articles