As Shiba Inu shows signs of strength, with market watchers projecting a possible 10x rally, how much would you make if SHIB hits this goal?
Shiba Inu (SHIB) has taken center stage over the past week due to its meteoric surge, leading some market watchers to project a 10x rally amid signs of strength. This bullish projection has triggered speculations on the potential ROI should it materialize.
SHIB’s ROI on 10X Surge
Shiba Inu is changing hands at $0.00001078 at the time of reporting, securing the spot of top gainer among the largest 100 assets. At its current price, a 10x or 1,000% increase would skyrocket the price to the much-coveted $0.0001 territory, resulting in a value of $0.0001078.
For investors to rake in $100,000, $500,000 or $1 million on their investments, they must commit varying amounts of funds depending on the degree of risk tolerance.
To sit on a $100,000 investment when SHIB hits $0.0001078, an investor would need to hold 927,643,784 (927 million) tokens. These 927 million tokens can be procured at a price of $10,000 against the current rates.
Similarly, should Shiba Inu hit the $0.0001078 price target, a $500,000 investment would require 4,638,218,923 (4.638 billion) tokens. To procure these tokens at the current Shiba Inu price, an investor must commit $50,000.
However, to hit a $1 million investment goal would require a more substantial initial commitment. At a value of $0.0001078, 9,276,437,847 (9.27 billion) Shiba Inu tokens would be worth $1 million. An investor would need a commitment of $100,000 to amass these tokens at current prices.
Shiba Inu Potential to Rally 10x
Nonetheless, it is essential to note that Shiba Inu’s potential to rally 10x remains debatable. Soaring to $0.0001078 would see SHIB reclaim and tower over its previous all-time high of $0.00008845.
While there is the possibility of Shiba Inu hitting this price target, it is not certain. The development team has continued to push for developments like Shibarium and the SSI project to bolster ecosystem growth. These developments could contribute to demand and catalyze price surges.
However, the extent of these price surges remains to be seen. Like all other assets in the crypto market, Shiba Inu remains susceptible to price fluctuations. As a result, investors should consider the possibility of further dips.