The Shiba Inu community is now more bullish about SHIB’s future price since the launch of the layer-2 scaling solution, Shibarium.
The ShibArmy potentially see themselves becoming millionaires by merely holding Shiba Inu. Of course, Shiba Inu has made many crypto investors millionaires in the past. Two months ago, The Crypto Basic reported the case of a manager who cashed out $1 million with a mere $8k investment.
Many crypto investors are hopeful to be the next manager to make a million dollars from Shiba Inu.
#ShibaInu WILL BE LIKE #Ethererum
THOSE WHO BOUGHT & ACCUMULATED #ETH AT $0.31 ?BEFORE D IMPLEMENTATION OF LONDON HARD FORK WITH FEE-BURNING MECHANISM R NOT JUST LUCKY, THEY WERE SMART. #ETH NOW $1,850$SHIB JUST $0.000008
IMAGINE D PRICE OF $SHIB W/ 5 TRILLION BURNS?PER MONTH pic.twitter.com/c5sKpSxInr— SHIB Bezos (@BezosCrypto) August 20, 2023
The Crypto Basic estimates how just a few hundred dollar investments can potentially amount to $1 million.
From $850 to $1 Million
Shiba Inu currently trades at $0.000008246. This figure implies that an $850 investment at the current price will amount to 103,068,831. To attain millionaire status, holding over 100 million SHIB, the digital asset has to increase approximately 1,176 times.
By implication, an investor will become a Shiba Inu millionaire when the coin cancels three more leading zeros. This is precisely $0.009683.
Can Shiba Inu Hit $0.009?
A leading data analytic platform has recently given projections for how high Shiba Inu could go in the coming years. As The Crypto Basic reported, the platform gave projection for Shiba up to three decades from now.
In particular, the report highlighted that by 2030, Shiba Inu will trade at $0.000712. It also foresees Shiba Inu trading as high as $0.054 in the years after.
Meanwhile, The Crypto Basic recently outlined five factors expected to push Shiba Inu to $0.01. This includes blockchain growth, investor interest, partnerships, and Shiba Inu’s real-world utility.
Notably, the Shiba Inu team has made a significant stride in blockchain development by unveiling Shibarium. A pundit has argued the coming of Shibarium sets the stage for Shiba Inu hitting $0.01.
Additionally, investor interest in the asset is not slowing down. Data shows that Shiba Inu features in the crypto community discussions nearly 2 billion times in one week.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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