Shiba Inu shows promise amid imminent ecosystem developments, but how much must an investor commit to rake in $7 million at specific price targets?
CoinGecko confirmed in May that Shiba Inu is the crypto asset with the highest ROI. Per the report, the asset turned a $12 investment into $1 million in 2021. This translates to $7 million with $84.
Most Shiba Inu investors anticipate when the asset will embark on a similar rally. If such astronomical rallies resurface, here’s what an investor would need to commit to sitting on a $7 million investment.
Shiba Inu to $0.001
Several market analysts envision a price target of $0.001 for Shiba Inu based on the success of its ecosystem developments. Such an achievement would signify a surge of 12,478% from its present value of $0.00000795. Despite the theoretical plausibility of this target, the likelihood of SHIB attaining such a milestone remains notably low.
However, should such a price rally materialize, investors must hold 7 billion SHIB to rake in $7 million. At its current price, 7 billion SHIB is worth $55,650. An investor would need $55,650 to rake in $7 million if SHIB hits $0.001.
Shiba Inu to $0.01
Aiming for a price target of $0.01 presents an even more formidable challenge for Shiba Inu. SHIB must experience an extraordinary surge of 125,686% to attain this milestone. Nonetheless, proponents persist in advocating for the possibility of such a rally, driven by SHIB’s bullish historical performance.
While unlikely, at $0.01, 700 million SHIB tokens would be worth $7 million. At the current rate, investors can procure these 700 million tokens for a mere $5,565. An investor must commit $5,565 to get a $7 million yield if SHIB claims $0.01.
Shiba Inu to $0.1
Given the substantial rally required to reach $0.1, many proponents have dismissed this target as mere wishful thinking. However, even with such skepticism, there are still ambitious enthusiasts who continue to set their sights on achieving this goal.
Shiba Inu must appreciate by 1,257,761% to claim a $0.1 price. This value would make 70 million SHIB tokens worth $7 million. Investors looking to procure 70 million tokens at current prices must commit a paltry $556. In other words, $556 could yield $7 million if SHIB reaches $0.1.
Feasible or Wishful Thinking?
Nevertheless, it is imperative for investors to perceive these projections solely as educational material and not investment advice. This is because the chances of Shiba Inu hitting any of these targets are extremely low.
Indeed, Shiba Inu could rally in the coming times. However, the likelihood and magnitude of such a rally remain uncertain. However, ecosystem developments such as Shibarium and SHIB: The Metaverse is poised to bring utility and increased demand for the token. These should support SHIB’s price actions.
Shiba Inu is trading for $0.00000795, up 1.93% over the last 24 hours. SHIB also sees a 2.98% gain in the past week as it aims to recapture the $0.000008 territory again.