Over the past few days, Shiba Inu seemed to become a talking point in the crypto ecosystem, evidenced by its remarkable market indices. SHIB has soared above the $0.00001 resistance level and is still on course to spike higher, with the Shibarium technology launch in sight.
In light of Shiba Inu’s impressive current market performance, some crypto market watchers who seemed to share SHIB’s bullish sentiment have predicted a rally in the range of 10x to 20x for Shiba Inu.
Read Also: As Shiba Inu Reclaims $0.00001, Here’s Profit from $1,000 Investment If SHIB Hits All-Time High
So, should the above price projections play out, what would then become the possibilities of attaining $100K, $500k, and $1M in Shiba Inu (SHIB) at its current price of $0.00001060?
For ROI of $100,000 after a 20x Surge in SHIB
A 20X surge from SHIB’s present market worth implies a 2000% increase, culminating in deleting two zeros in the token’s market value to become $0.00212.
Making $100,000 from SHIB tokens valued at $0.00212 would imply a Shiba Inu holdings of about 47,169,811 tokens. Based on the current price, investors need $500 to accumulate 47,169,811 SHIB.
So purchasing 47,169,811 SHIB tokens now invariably means that investors would accrue a whopping $99,500 profit after a 20x surge in SHIB price.
For ROI of $500,000 and $1,000,000 after a 20x Surge in SHIB
Similarly, attaining $500,000 in SHIB in case of a 20X spike in SHIB price would require 235,849,056 SHIB worth an estimated $2,500 at current prices. This implies a $497,500 return on investment (ROI)
On the other hand, achieving $1,000,000 in Shiba Inu would require 471,698,113 SHIB worth approximately $5,000 at current prices, which implies a profit of $995,000.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Shiba Inu Whales Accumulate 4.36 Trillion SHIB in Anticipation of Shibarium
Shiba Inu Market Performances Today
Per Shiba Inu’s data on CoinGecko, the asset printed an impressive increase in market cap to about $6,266,241,763, which saw it leap to the 14th spot on the cryptocurrencies ranking.
In the past 24 hours, Shiba Inu’s maximum and minimum price was relatively stable at $0.00001110 and $0.00001045, respectively.
Bottom Line
While it can not be said with certainty and conviction that Shiba Inu (SHIB) will spike by 2000%, the possibility of such happening can not be written off, with an anticipated Shibarium, dubbed the Layer-2 solution launch in sight. It is left to see how this plays out.
Readers should kindly note that this piece should not be taken as financial advice, as it is based on speculations from top crypto chiefs.
Follow us on Twitter, Facebook, Telegram, and Google News
