After breaking below the $0.00001 price mark in May, Shiba Inu (SHIB) has since continued to plunge in price, which has made investors doubt Shiba Inu’s early potential. With the current bearish stronghold that has crumbled the crypto market activities, cryptocurrencies like Shiba Inu, with an incredible number of circulating tokens, will struggle to remain afloat.
However, while the bear run persists, crypto enthusiasts remain hopeful that a bullish run will set in soon. With an anticipated rally in view, SHIB’s owners can attain millionaire status in SHIB by investing approximately $8.67 in the platform. Notably, SHIB’s current selling price per CoinMarketCap is $0.000008677.
Some undisclosed crypto analytical experts and Shiba Inu community members are confident that SHIB remains a good option for long-term crypto investments. According to these crypto specialists, the lingering bearish run in Shiba Inu has allowed investors to amass as many SHIB tokens as possible while waiting for when the token will surge.
One Million SHIB Will Make a Millionaire at $1
In previous news, we hinted at and reviewed the possibilities of SHIB tokens attaining a $1 price point and a $0.01 price mark. While the $0.01 market worth appears realizable for Shiba Inu, the 1$ cost does not look feasible. In other news, a new source has disclosed that Shiba Inu hopes to hit a price high of $0.001.
Based on SHIB’s current price, it must spike by 11,734% to ascend to the new price target of $0.001. Should the projected $0.001 market value become a reality, investors who acquired a million tokens with $8.67 based on Shiba Inu’s current price would see their investment ascend to $1,000. While 1 million SHIB coins purchased with just $8 at current prices would make the buyer a millionaire when SHIB hits the $1 price point.
With various anticipated projects like the Shibarium, ShibaSwap 2.0, an improvement on the Shiba Inu ecosystem, a feasible plan to burn down Shiba Inu’s enormous circulation pool in place, and the SHIB cold wallets, Shiba Inu may be on the right track to attaining a significant price high soon.