Wednesday, June 19, 2024
HomeCryptocurrencyHow Much You Need to Make $1M, $5M, or $10M If SHIB...

How Much You Need to Make $1M, $5M, or $10M If SHIB Surges 1,000% After Shibarium Launch

With each passing day in August, Shibarium, the Layer 2 scaling solution release seems to draw nearer, as revealed by Shiba Inu (SHIB) lead team developer, Shytoshi Kusama, in one of our previous articles where he stated that the Shibarium launch would play out in mid-August during the Blockchain Futuristic Conference.

In the wake of a potential Shibarium release next week, SHIB holders, especially the ambitious ones, think it is right to know the amount of Shiba Inu holdings sufficient to make SHIB millionaires. Most striking is the fact that some Shiba Inu community members are already speculating a surge in the range of 1000% for Shiba Inu.

Read Also: Shibburn Sets The Record Straight On Why Shiba Inu Burns Do Not Affect SHIB Price

However, before we proceed, an assessment of SHIB’s current price would be crucial in aiding our readers to understand the metrics involved in the calculations that would come up subsequently in this news article. At press time, Shiba Inu’s data on CoinGecko revealed the digital asset’s price to be $0.00000986, and it would serve as the basis of our analyses. 

Amount of SHIB For $1M AFter 1000% Spike In SHIB Value 

A 1000% increase from SHIB’s current price would imply deleting a zero and bringing the token’s worth to $0.0000986. Accumulating a million dollars from the sale of Shiba Inu at the rate of $0.0000986 would require selling approximately 10.15 billion SHIB tokens. 

Intriguingly, purchasing 10.15 billion Shiba Inu coins now would burn down an investment capital of approximately $101,000, implying a profit in the range of $900,000 if SHIB eventually witnessed a 1000% increase.

Amount of SHIB for $5M and $10M after 10X Increase In Value  

Amassing $5M in Shiba Inu, in the event the digital asset hits the $0.0000986 price mark, would require a SHIB holding of about 50.75 billion, valued at an estimated $500,395 as a start-up investment fund. 

Taking the bold step to purchase 50.75 billion Shiba Inu tokens now would accumulate profits as high as $450,000 if the 1000% increase in price projection plays out. 

On the other hand, a $10M potential earnings would invariably be 2X everything implied in amassing $5M in Shiba Inu. This implies that 101.5 billion SHIB must be stacked at an estimated $1M cost to give profits in the range of $900,000.

Read Also: “Summer of Shibarium” Announced By Shiba Inu Team. What’s the Significance, Could It Impact SHIB Price? Details

<

Shiba Inu’s Market Trends and Other Indices 

Per CoinGecko, Shiba Inu’s maximum and minimum valuations of $0.00001023 and $0.00000819, respectively, in the past week indicate that the asset has fully succeeded in breaking the resistance at the $0.000009  level, and with the Shibarium in sight, Shiba Inu could be on the right track to attaining significant price increase.


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