Shiba Inu is currently trading at the $0.00001344 mark on Friday and is mostly moving sideways in the charts. Investors who took an entry position in SHIB are waiting for the token to make them turn millionaires. They are inspired by the stories of early investors who put in a mere $1,000 and took home more than a million in profits. Present-day investors are hoping that the token will replicate its previous price run and make their portfolios swell.
Also Read: Solana vs Litecoin: 5% Drop for SOL & LTC Eyes $200 Resistance
Early investors who poured $1,000 into Shiba Inu and took home a million invested when its price was around $0.0000000001. SHIB deleted five zeroes and delivered them $1 million in profits and now its price is at the $0.00001 mark. So how many more zeroes should Shiba Inu delete now to turn an investment of $1,000 turn into $1 million? Let’s find out below!
Also Read: Charles Schwab on the U.S. Dollar’s 7.3% Slide and What’s Ahead
Shiba Inu: At What Price Would An Investment of $1,000 Turn Into $1 Million in SHIB?
For $1,000 in today’s price, investors can get to accumulate 74,404,761 (74.4 million) SHIB tokens. Having 74.4 million tokens in your wallet could pave the way for earning $1 million if it reaches a new high. So let’s sit down and crunch the numbers to calculate how $1,000 could turn into $1 million with Shiba Inu.
Also Read: Solana (SOL) Forecasted To Reach $500, Here’s When
For your $1,000 investment to turn $1 million, Shiba Inu needs to surge to a value of 0.0135. If SHIB reaches $0.0135, your 74.4 million tokens will push your wallet into the $1 million in profits threshold. For that to happen, SHIB needs to rise by a whopping 100,000% from its current price of $0.00001344.
Whether the dog-themed token will surge by 100,000% in the future, only time will tell. Read here to know a realistic price prediction on when Shiba Inu could breach the $0.01 mark. If SHIB reaches the 1 Cent milestone, the majority of present-day holders will all turn millionaires.
Credit: Source link