Can You Turn $1000 Of SHIB Into $1 Million By 2030?

Shiba Inu’s (SHIB) incredible success is one for the history books. The asset has turned many early investors into multi-millionaires. The rag-to-riches stories around SHIB have solidified the project’s reputation as a “millionaire-maker.”

While many believe the SHIB boat has sailed, others think there is still time to make it big with the dog-themed crypto. Let’s discuss if you can turn $1000 worth of SHIB into $1 million in five years.

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Can You Turn $1000 Worth Of Shiba Inu Into $1 Million By 2030?

If you purchase $1000 worth of SHIB, you will receive about 46,750,818.13 (46.75 million) coins. For 46.75 million SHIB tokens to be worth $1 million, the price of each coin has to reach $0.02139.

According to Telegaon, Shiba Inu (SHIB) could trade at a maximum price of $0.000712 in 2030. In this scenario, your investment would be worth around $33,286.58. Although the rise in value would be commendable, it is significantly lower than the $1 million mark. According to Telegaon, SHIB will hit the $0.021 mark sometime between 2035 and 2040.

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Changelly is more bearish on SHIB than Telegaon. The platform anticipates the dog-themed crypto to trade at a potential maximum price of $0.000365 in 2030. In this scenario, your portfolio’s value will rise to around $17,064. Here again, the rise in value is impressive but still short of the $1 million mark. Changelly predicts SHIB to hit the $0.021 mark in 2040.

Can The Asset Hit $0.021 Anytime Sooner?

One of the most significant barriers to SHIB’s price is its massive supply. There are about 589 trillion SHIB tokens in circulation. If the Shiba Inu team can undertake a massive burn, we may hit the $0.021 target much sooner than anticipated.

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The SHIB team is reportedly working on a new burn mechanism, which is rumored to burn trillions of tokens yearly. If successful, we could see the creation of many new SHIB millionaires.