The recent market decline means investors need fewer dollars to become Shiba Inu billionaires, leaving market participants to question how much they need to own 1 billion SHIB.
The Shiba Inu (SHIB) was one of the biggest winners of the previous cryptocurrency bull market that peaked in November 2021. From its all-time low in September 2020, SHIB recorded an astonishing 9,047,099.28% increase, minting many millionaires and rewarding investors who caught the trend.
However, the crypto market has since found itself in a deep bear market that lasted for nearly two years. Yet, experienced investors recognize that the best time to prepare for a bull run is deep in the bear.
Even more interesting is that allocating to trendy projects like SHIB could yield substantial returns if the underlying community rallies around SHIB during the next bull market. However, this remains uncertain due to the unpredictability of the market.
With such potential in mind, many investors are looking to acquire at least 1 billion SHIB tokens to profit maximally from any potential uptrend.
Attaining billionaire club status costs more in dollar terms than becoming a SHIB millionaire. Nonetheless, knowing how much it would cost in dollars at current SHIB prices equips investors to easily decide whether or not it is worth the effort.
How Much Dollar is Needed to Buy 1 Billion SHIB at Current Prices?
SHIB is trading at $0.00000739 at the time of writing. This means an investor would need 1 billion times that amount to own 1 billion SHIB tokens. Put more simply, an individual must invest $7,390 to become a SHIB billionaire at current prices.
Market participants may also wish to take it further by acquiring 10 billion SHIB tokens. In that case, one would need to invest $73,900 to acquire 10 billion SHIB tokens.
Meanwhile, with the price of SHIB currently 91% from its all-time high of $0.00008845, the 1 billion SHIB acquired at the current price would be worth an astonishing $88,450 if SHIB reclaimed its ATH.
The returns understandably will be significant for an individual who acquired 10 billion SHIB at current prices. At its previous ATH, the amount would be worth $884,500. In either outcome, the jump in value would represent a more than 12 times increase in the amount an investor spends at current SHIB prices.
The burning question, however, is whether SHIB has the potential to recover from its current lows to its previous ATH or hit a new all-time high.
Like most crypto assets, the token is highly volatile and subject to strong market dynamics that could drive prices in either direction. Investors must carefully examine their objectives and heed the common advice of only investing an amount they can afford to lose.
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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