Shiba Inu is currently looking to reclaim the $0.00001 price territory for the first time since May, leading to speculations of the projected ROI if this price materializes.
Shiba Inu (SHIB) broke below the $0.00001 price territory in early May following a three-day decline of 10.67%. The asset has failed to reclaim $0.00001 since then. However, amid a recently-engineered recovery campaign, speculations have emerged on the potential ROI when SHIB eventually recovers the price point.
Shiba Inu’s declining value since May has prompted bearish sentiments among the community. However, certain investors have capitalized on this situation, acquiring more SHIB tokens at discounted prices. The Crypto Basic recently highlighted a significant accumulation campaign since early June.
Investors have amassed over 1 trillion SHIB since then. The accumulation picked up when Shiba Inu’s price hit the yearly low of $0.00000543 on June 10. Despite the appreciation from this value, SHIB is still a long way from $0.00001. At current prices, the question remains how much would an investor need to rake in millions when SHIB reclaims $0.00001?
Amount Needed to Hit $1M, $5M, or $10M
To earn $1 million when SHIB reclaims a price of $0.00001, an investor needs to purchase 100 billion Shiba Inu tokens. At the current price of $0.00000815 per token, acquiring these 100 billion tokens would require an investment of approximately $815,000.
The appreciation represents a 22.7% increase in investment. If the investor had acquired the 100 billion tokens at SHIB’s yearly low of $0.00000543, the total initial investment would have been $543,000.
Similarly, if Shiba Inu reclaims $0.00001, 500 billion SHIB tokens would be valued at $5 million. To purchase these 500 billion SHIB tokens at current prices, an investor would need $4.075 million.
Essentially, one must commit $4.075 million at SHIB’s current price to sit on a $5 million investment if SHIB hits $0.00001. Nonetheless, this amount would be $2.715 million if the 500 billion tokens were procured at the June 10 low of $0.00000543.
Furthermore, a $10 million investment in Shiba Inu would require 1 trillion tokens at a price of $0.00001 per SHIB token. These 1 trillion tokens can be purchased for $8.15 million at Shiba Inu’s current price of $0.00000815. Consequently, an investor would need $8.15 million to make $10 million if SHIB reclaims $0.00001.
Shiba Inu Price Outlook
While it is highly likely that Shiba Inu can reclaim the $0.00001 price, there is no complete guarantee that this could happen. As a result, it is essential to consider this as merely educational content rather than investment advice. Shiba Inu must rally 22.7% from its current price to hit $0.00001.
At the time of reporting, SHIB is changing hands at $0.00000815, up 4.35% over the last 24 hours. Shiba Inu has now secured a place among the top five gainers in the past 24 hours. The asset is looking to breach the resistance at $0.00000850 as it aims to recover $0.000009.