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Here’s How Much Shiba Inu You Need to Make $10 Million if SHIB Hits $0.0005 and $0.005



Abdulkarim Abdulwahab

Investors targeting $10 million from Shiba Inu with price goals of $0.0005 and $0.005 require modest initial investments.

In the last few days, Shiba Inu saw renewed interest from the crypto community when it reclaimed a two-month high. However, at a market value of $0.00002438, SHIB’s cumulative performance over the last seven days flattened out.

Yet, at its current floor price, Shiba Inu boasts a yearly return of over 180%, a significant increase from its value of $0.000008597 a year ago. This essentially affirms the asset’s potential as a worthy investment on a longer-term scale. 

Prominent experts have attested to Shiba Inu’s potential to rise to price levels of $0.0005 and $0.005 in the coming years. For investors aiming to become multi-millionaires, it is crucial to understand the amount required to achieve targets like $10 million should Shiba Inu reach these projected price levels.

Shiba Inu Needed to Make $10M if SHIB Hits $0.0005

To realize $10 million through Shiba Inu, assuming the asset reaches $0.0005, an investor would need to hold 20 billion SHIB tokens. 

As of June 2, 2024, acquiring a Shiba Inu portfolio of 20 billion tokens costs $487,600. However, this investment stands to expand by 1,950% should SHIB attain $0.0005.

While the prospect of Shiba Inu reaching a value of $0.0005 is enticing, it’s important to consider the feasibility and timelines of such a milestone. 

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Market analyst Big Mike recently predicted Shiba Inu could reach $0.0005 by next year, citing the completion of a fifth Elliott Wave on the weekly chart.

Meanwhile, prediction platform Telegaon stated Shiba Inu may attain a maximum value of $0.000588 by 2029. On the other hand, Changelly analysts suggested a 2031 date for a similar target to materialize. None of these predictions should be taken as investment advice.

Shiba Inu Needed to Make $10M if SHIB Hits $0.005

With the price goal of $0.005, an investor aiming for a $10 million return from Shiba Inu would need to acquire 2 billion SHIB tokens. To make this investment, one must commit a more modest sum of $48,760. 

Although this amount is more accessible, the time it may take to see a return of $10 million from such an investment could be considerably longer.

For instance, Changelly and Telegaon researchers suggest it could take nearly 20 years for SHIB to reach $0.005. ChatGPT assigns an 80% confidence level to this timeline. Conversely, Google’s Gemini considers the goal unattainable.

Reaching $0.0005 and $0.005 Through Yearly 100T SHIB Burn

Factors that could ease Shiba Inu’s journey toward the $0.0005 and $0.005 price levels include the level of demand and burn rate. Consequently, community members eagerly anticipate a future where Shiba Inu’s layer-2 blockchain, Shibarium, contributes significantly, such as burning 100 trillion SHIB tokens annually.

As evaluated by The Crypto Basic recently, the 100 trillion burn rate could reduce the supply to 39 trillion SHIB by 2030. This reduction in supply could help bolster Shiba Inu’s chances of reaching $0.005, corresponding to a $195 billion market cap.

With a circulating supply of 1 trillion SHIB by 2031, the price could reach $0.025 with a $25 billion market cap. However, these burn rates and subsequent price targets are ambitious and speculative.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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