This article outlines the amount a Shiba Inu (SHIB) investor would need to commit now to hit $1 million if SHIB clinches any of the ambitious price targets, such as $0.01, $0.05, and $0.09.
Investors in the cryptocurrency market are always looking for the next big opportunity, and Shiba Inu has been making headlines. The token’s previous rally made millions out of pennies, leading to questions on the amount required to reach similar investment targets.
Shiba Inu Needed to Make $1M if SHIB Hits $0.01
If an investor seeks to reach the $1 million in returns with SHIB hitting $0.01, they would need to procure a substantial amount of SHIB. Investors would need to hold 100,000,000 (100 million) SHIB tokens to make $1 million With Shiba Inu currently trading at $0.00001054.
The 100,000,000 (100M) SHIB tokens currently cost $1,054. if SHIB hits $0.01, these 100M SHIB would be worth above $1M.
Shiba Inu Needed to Make $1M if SHIB Hits $0.05
Despite the ambitious nature of the $0.01 target, some investors envision a more substantial price goal at $0.05. If Shiba Inu hits $0.05, an investor would require 20,000,000 (20 million) SHIB tokens to sit on that million-dollar fortune.
SHIB currently changes hands at $0.00001054. At this current price, these tokens will cost only $210.8. By accumulating 20M coins and SHIB hitting 0.05, the returns would be above $1M.
While the climb to $0.05 seems steep, if SHIB claims this price, hitting $1 million would require a more modest initial investment of $210 compared to the $0.01 scenario, where above $1000 is required to be a millionaire.
Shiba Inu Needed to Make $1M if SHIB Hits $0.09
For the investors seeking higher returns, with their eyes set on a SHIB price target of $0.09, the token holding count decreases. To make $1 million, an investor would need to accumulate 11,111,111 (11.1M) Shiba Inu tokens at current prices.
At the current SHIB trading price, an investor needs only $117 to accumulate 11.1 million Shib tokens. if Shib hits $0.09, the returns would be above $1M.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
