If the price of Shiba Inu hits projected price targets in the coming years, then a $1,000 investment at current prices could skyrocket to unimaginable levels.
Shiba Inu was one of the biggest performers of the 2021 bull run, making many investors millionaires. While there is no guarantee that history will repeat itself, many are still banking on Shiba Inu’s potential success, with the coin having secured over 1.3 million holders.
For anyone considering an investment in SHIB, it is usually helpful to consider how much their assets will be worth when the price reaches a certain price level.
As a result, this article evaluates how much a $1,000 investment into Shiba Inu at current prices will be worth if the price goes to a widely predicted $0.001 level in the coming years.
How Much Will $1,000 in SHIB be Worth at $0.001?
At its current price of $0.000009, $1,000 can purchase 111 million Shiba Inu tokens, putting an investor in the top class of SHIB millionaires.
If Shiba Inu recovers to its previous all-time high of $0.00008845, this investment will have increased by nearly 1,000% times, with its value around $9,826 at this price.
Meanwhile, if SHIB goes higher to eliminate two zeros from its previous all-time high and reaches $0.001, then a $1,000 investment will be worth $109,000.
This will represent a more than 10,000% increase from current prices, which underlines the considerable amount of time that might pass before Shiba Inu goes to those price levels.
Can Shiba Inu Reach $0.001?
Multiple predictions tip Shiba Inu to cross $0.001, the equivalent of eliminating three zeros from its current price. However, it is worth mentioning that reaching such a milestone, although possible, will involve considerable effort and possibly take a long time.
Shiba Inu has a supply of 589 trillion tokens, meaning that a $0.001 price puts its total market cap at $589 billion. This value is approximately 35% of the current crypto market cap, at $1.64 trillion.
Hence, an investment backing SHIB to reach the $0.001 mark from its current price level and at the current supply dynamics assumes that the cryptocurrency’s market value will become almost as valuable as Bitcoin at this time and more valuable than the second-largest crypto, Ethereum.
The cryptocurrency market will have to grow into several trillions for Shiba Inu to stand any chance of reaching the $0.001 mark. Alternatively, the project will have to lower its supply significantly for this target to become remotely feasible.
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.
