While the crypto space continues to gather momentum in anticipation of the 2024 generalized market rally, large holders of cryptocurrencies with the potential to skyrocket are already estimating their profits in millions of dollars.
On the other hand, another group of investors is currently probing the crypto market in search of cryptocurrencies with proven potential and matching their investment budgets.
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Amid the growing tension, Shiba Inu (SHIB) seems all set to reward holders massively, having shown glimpses of being a dependable crypto asset in the previous bull season.
According to the Shiba Inu (SHIB) market statistics on Coincodex, the meme coin is priced at approximately $0.000029, reflecting a 3.89% upswing in the past 24 hours.
SHIB’s current price makes it a relatively cheap investment option with the potential for sound profits. However, the early investors in the digital asset hold the largest share as it grows.
This insight shall evaluate potential returns on investment (ROI) obtainable from accumulating SHIB at its current price if the coin eventually reaches $0.0005
ROI For 500 Million SHIB Investment At $0.0005
Accumulating 500 million SHIB based on the coin’s selling price will cost about $14,500. Meanwhile, at the projected $0.0005 price per token, the 500 million SHIB invested will be valued at about $250,000.
The above implies that any trader willing to risk about $14,500 to accumulate SHIB now should expect profits of about $235,500 once the coin hits $0.0005.
ROI For 1 Billion SHIB Investment At $0.0005
With just $29,000, one can easily procure 1 billion SHIB, which will increase to about $500,000 once the coin ascends to the projected $0.0005 price.
Returns on investment from a 1 billion SHIB purchase at its current price will be approximately $471,000.
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Read Also: If Shiba Inu (SHIB) Reclaims ATH, How Much Would You Make with $100 or $1,000 Investment?
SHIB At $0.0005 – Likely Timeline?
While the general sentiment seems to hint at a potential general market rally that would skyrocket most crypto asset prices, including Shiba Inu, no potential timeline has been associated with the predictions.
However, some reputable crypto analytical platforms could come in handy. Changelly, a leading crypto price prediction outlet, is one such firm, and it predicted that SHIB at $0.0005 would likely happen in 2031.
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