Here is the amount of dollars you need to invest in SHIB today to make $1 million if the token’s price reaches $0.001 or $0.01.
Shiba Inu investors have long held on to the dream that SHIB would one day hit $0.01 or $0.001 price. The path that leads SHIB towards $0.01 or $0.001 is very narrow due to the cryptocurrency’s enormous circulating supply.
At the time of writing this line, SHIB has a circulating supply of 589.33 trillion tokens. Despite SHIB’s enormous circulating supply, investors still believe the token will hit the $0.01 or $0.001 levels someday.
Shibarium to Reduce SHIB Supply
This speculation surged tremendously following the mainnet launch of Shibarium, Shiba Inu’s L2 blockchain. Although Shibarium encountered a technical issue during its launch, the network has the capacity to burn huge amounts of SHIB tokens if it goes live again, thus, reducing the circulating supply of SHIB.
Notably, users will be charged a small fee for initiating transactions on Shibarium, and a portion will be dedicated to burning SHIB. The token’s scarcity over time due to burns could push the price toward $0.001 or $0.01.
Investors seeking to make huge gains when SHIB reaches $0.001 or $0.01 are expected to take advantage of the token’s low price.
This article will highlight how much you need to invest in SHIB to make $1 million if the price hits $0.001 or $0.01.
$8,450 Might Turn $1M If SHIB Hits $0.001
It bears mentioning that SHIB is currently changing hands at $0.00000845, up 0.2% over the past 24 hours. To become a millionaire if SHIB hits $0.001, an investor would need to accumulate 1 billion SHIB tokens.
Getting 1 billion SHIB tokens at the current price of $8,450 would require an investment of $8,450. Thus, with an investment of $8,450 today, you can become a millionaire if SHIB reaches $0.001.
$845 Might Turn $1M If SHIB Hits $0.01
Similarly, with an investment of $845, you could make $1 million if SHIB reaches $0.01. An investment of $845 at the current price of $0.0000845 would get you 100 million SHIB.
Therefore, if you hold on to the 100M tokens and SHIB price surges to $0.01, your $845 investment today could turn into $1 million.
It is important to note that the crypto market is highly volatile, and there is no guarantee that SHIB will ever reach $0.001 or $0.01.
Consequently, investors should seek advice from qualified financial advisors. This would help you determine whether investing in SHIB is a good move.