As the Shiba Inu community anticipates a price surge for SHIB when Shibarium launches, here is how much SHIB you need to have to make $1M, $5M, or $10M should a 1,000% rally materialize.
The Shiba Inu community has been focused on the upcoming launch of Shibarium. Notably, the L2 scaling solution for Shiba Inu is expected to roll out next week.
As reported, Shiba Inu lead developer Shytoshi Kusama hinted that Shibarium could be unveiled in mid-August during the Blockchain Futuristic Conference.
Community Anticipates SHIB Rally After Shibarium Launch
Interestingly, the community anticipates Shibarium’s launch to propel a significant rally for SHIB. Some crypto analysts speculate that SHIB price could rally as high as 1,000% (10X) when Shibarium finally launches.
As these speculations continue to make the rounds, many SHIB holders are eager to know how many tokens they need to own to become millionaires.
It bears mentioning that SHIB is already reacting positively to the imminent launch of Shibarium. At press time, SHIB is changing hands at $0.00000990, up 9.9% in the past 24 hours, according to CoinGecko data.
How Much SHIB Needed to Hit $1M, $5M, or $10M
At Shiba Inu’s current price, a 1,000% rally would lead to a price of $0.0000990, essentially deleting one zero. To earn $1 million if SHIB surges by this rate, investors need to own at least 10,101,100,000 SHIB tokens today.
For clarity, an investor needs to own a total of 10.1 billion SHIB tokens to make $1 million when SHIB rallies 10x after Shibarium launches.
At the current exchange rate of 0.00000990, these SHIB tokens will be worth $100,000.89. Essentially, one must commit $100K to rake in $1 million if SHIB rallies 1,000x.
In the same vein, to make $5 million when SHIB surges 10X from its current price, an investor would need to hold at least 50,505,500,000 (50.5 billion) SHIB.
To acquire these 50.5 billion SHIB at the current exchange rate, you would need to spend at least $500,004.45. Notably, you would need to splash $500,004.45 today on SHIB to make $5 million when SHIB rallies 10X from its current exchange.
Additionally, making $10 million when SHIB rallies 1,000% from its current exchange rate would require a holding of 101,011,000,000 (101.01 billion) SHIB tokens. These 101.01 billion tokens can be purchased for $1,000,008.9 ($1 million) at the current market rate.
Essentially, you need to invest over $1 million today to sit on a $10M investment if SHIB rallies 10X after the Shibarium mainnet launch.
However, these projections should not serve as investment advice. Despite Shiba Inu’s promising outlook, there is no guarantee that the asset would skyrocket by 1,000% following the Shibarium launch. As a result, investors should conduct proper research before making any investment.
Notably, SHIB has never reached $0.0000990 before. The token’s previous all-time high (ATH) was around $0.00008616, recorded on October 28, 2021.