Shiba Inu is still far from its all-time high, but should it ever reclaim the lofty price, how much would an investor make with a current $1,000 investment?
Shiba Inu (SHIB) recently retested the $0.00001 territory amid sustained bullish momentum. The recent run has triggered confidence in an extended rally, with a possible recapture of the all-time high. However, how much would an investor make from $1,000 should this materialize?
These speculations are the latest projections among market watchers amid growing confidence in Shiba Inu. SHIB is currently 88.82% down from its all-time high of $0.00008845. Since the displacement from this price territory in October 2021, SHIB has failed to retest the price.
A recapture of this value would require a massive 793% increase in Shiba Inu’s current price of $0.00000990. While the likelihood of this rally remains low, industry pundits have not dismissed the possibility.
This reality has fueled confidence among investors who anticipate a price surge. The upcoming Shibarium mainnet launch and other ecosystem developments, such as the Self-Sovereign Identity (SSI) project, have compounded this confidence.
Notably, $1,000 invested in SHIB at the current price amounts to 101,010,101 (101 million) tokens. If Shiba Inu is able to hit $0.00008845, the value of these tokens would skyrocket to a whopping $8,934. This figure translates to an additional $7,934.
Investors looking to rake in $1 million if Shiba Inu reclaims its all-time high would need to commit more.
These investors would need to hold 11,305,822,498 (11.3 billion) SHIB to see $1 million if Shiba Inu hits the ATH of $0.00008845. These 11.3 billion tokens cost $111,927 at current prices.
Can Shiba Inu Reclaim Its ATH
While the prospect of seeing one’s investment appreciate triggers evident excitement, it is essential to note that such a rally is not guaranteed. Notably, Shiba Inu is 12,068,043% up from its all-time low, demonstrating its penchant for rapid growth.
However, past performances are not a guarantee of future price movements. As a result, investors should approach investments in SHIB and other crypto assets with caution, as the possibility of further dips remains on the horizon.
Shiba Inu’s goal to reclaim the all-time high price hinges on its ability to weather the ongoing bear market and capitalize on the upcoming bull market. The asset is already showing signs of an upsurge, recently retesting the $0.00001 zone. SHIB is trading for $0.00000990 as of press time, up over 2% today.