Here is an insight into how much investment Shiba Inu investors need to purchase 1M, 5M, 10M, 50M, and 100M SHIB tokens at the current price.
Crypto enthusiasts have already started making preparations for an imminent bull market. Notably, the bull market is a market condition where crypto prices are skyrocketing.
Investors who benefit the most during bull markets purchase crypto assets at much lower prices, especially during bear cycles.
It bears mentioning that the crypto market has been bearish for several months. The prices of several assets, including Shiba Inu (SHIB), have plummeted heavily. While the bearish condition of the market has left many SHIB investors disappointed, others see the asset’s low price as an opportunity to scoop more assets.
Many analysts have speculated that SHIB Inu could surge to a penny in the upcoming bull run. They make these speculations based on the team’s developmental efforts in recent times.
Ahead of the upcoming bull run, investors have been acquiring more SHIB tokens to increase their position in the cryptocurrency.
Amount Needed to Purchase 1M, 5M, 10M, 50M, & 100M SHIB
This article will highlight how much investors need to spend to own 1 million, 5 million, 10 million, 50 million, and 100 million SHIB at the current price.
According to data from CoinGecko, SHIB is currently changing hands at $0.00000825. The crypto asset is up 3.3% over the past 24 hours.
The more the SHIB price surges, the more dollars investors would spend to purchase the token, and vice versa.
How Much Needed to Own 1M SHIB
Owning 1 million SHIB would automatically make you a SHIB millionaire, irrespective of the asset’s price. Investors could have committed more funds to amass 1M SHIB when the SHIB was at an all-time high (ATH) of $0.00008845.
For instance, an investor could have splashed $88.45 to purchase 1M tokens at the ATH price of $0.00008845. However, with SHIB currently trading at $0.00000825, you need a paltry $8.25 to own 1M SHIB tokens. As of last month, you would have spent $7.62 to purchase 1 million SHIB.
Amount of Dollars Needed to Own 5M SHIB
Similarly, an investor would have spent $442.25 to purchase 5M SHIB tokens at the previous ATH of $0.00008845.
Thanks to SHIB’s low price of $0.00000825, an investor would need $41.25 to purchase 5 million SHIB tokens.
How Much Needed to Acquire 10M SHIB
At the current rate of $0.00000825, an investor would require a paltry amount of $82.5 to purchase a whopping 10 million SHIBs.
Acquiring 10M SHIB with $82.45 would have been impossible during the SHIB all-time high of $0.00008845. At the time, an investor could only purchase 932.16K SHIB with $82.45.
Purchasing 50M SHIB At Current Price
The current SHIB price is a major discount for investors looking to own 50 million SHIB. At the current exchange rate, you will spend $412.5 to purchase 50M SHIB tokens.
Conversely, you would have splashed $4,422.5 to purchase 50M SHIB when the token was trading at an all-time high.
Amount Needed to Buy 100M SHIB At Current Price
With $825, you can purchase a massive 100M SHIB tokens at the current price of $0.00000825. Notably, 100M SHIB tokens would have cost investors $8,845 when the token changed hands at its previous high of $0.00008845.
It is worth noting that investing in cryptocurrencies, including SHIB, has its associated risks. There is no guarantee that you will make gains when investing in cryptos.
It is advisable to consult a professional financial advisor before you delve into crypto to avoid incurring significant losses.