An investor aiming to turn $10,000 into $1 million through Shiba Inu would need to make strategic acquisitions while targeting lofty prices.
The ongoing bearish market has significantly impacted Shiba Inu, with the coin trading 17% below its monthly highs and 54% below its yearly highs. Yet, bullish sentiment remains widespread among the Shiba Inu community and crypto analysts.
Some even see Shiba Inu as a potential vehicle for financial freedom, just as the coin made many millionaires and billionaires in 2021.
Amid this, The Crypto Basic examines how a $10,000 investment in Shiba Inu could potentially make holders millionaires.
Turning $10,000 in Shiba Inu Into $1M
As of press time, Shiba Inu is trading at $0.00001270. A $10,000 investment in SHIB today would acquire 787,401,574 tokens. To turn this into $1 million, Shiba Inu would need to remove two zeros from its current price.
Specifically, SHIB must trade at $0.00127 for this 787.4 million SHIB portfolio to reach $1 million. This requires a 100x growth or a surge of 9,900%.
According to the prediction platform Telegaon, Shiba Inu could reach the $0.002 range by 2035. This suggests that a $10K Shiba Inu portfolio of 787.4 million tokens today could yield $1 million ten years from now, according to this analysis.
A separate analysis by Changelly Exchange closely aligns with this projection, suggesting that Shiba Inu could reach $0.00127 between 2033 and 2040.
Making $1M If SHIB Hits $0.0005, $0.007, and $0.02
Notably, a $10K portfolio of Shiba Inu today would be worth approximately $393,700 if the price of SHIB reaches $0.0005. While this would still be far below the $1 million milestone, it would represent a substantial 3,837% upside from the initial investment.
However, to make $1 million at a Shiba Inu price of $0.0005, one would need to increase their current exposure to Shiba Inu. Specifically, one would need to hold 2 billion tokens, which would cost $25,400 to acquire today.
Meanwhile, to make $1 million from Shiba Inu at higher prices of $0.007 and $0.02, less initial capital would be required.
For instance, to become a millionaire with Shiba Inu at a $0.007 price, one only needs to hold 142.86 million SHIB tokens. As of today, this would cost only $1,814 to acquire.
Meanwhile, a much smaller investment of $635, which would acquire 50 million tokens, is sufficient to make an investor $1 million at the $0.02 price.
Timeline for SHIB to Reach $0.0005, $0.007, and $0.02
While the prospect of becoming a millionaire through SHIB is fascinating, it requires significant patience as the asset works its way to $0.0005, $0.007, and $0.02.
According to Telegaon, Shiba Inu would likely reach these prices between 2030 and 2040, meaning a wait time of 5 to 15 years. Changelly analysts also share a similar sentiment.
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