If Shiba Inu Hits $0.00008, $0.00014 and $0.001, Can it Make More Millionaires

This article explores Shiba Inu prospect of transforming investors into millionaires if it reaches some forecasts such as $0.00008, $0.00014 and $0.001.

In the last bull run, Shiba Inu rewarded many resilient early adopters with millionaire status. During this ongoing bull market, prospects are high about Shiba Inu repeating history, with analysts issuing audacious outlooks for its peak. Among forecasted price points for Shiba Inu this season are targets of $0.00008, $0.00014, and $0.001.

Yet, a compelling question arises: Can Shiba Inu create more millionaires amid these ambitious price projections?

Shiba Inu Making Millionaires at $0.00008

At press time, Shiba Inu sells for $0.00002758 following a significant 16% collapse over the past 30 days. Shiba Inu needs to soar by 190% to attain the $0.00008. Notably, this price point represents one of its peak values in the previous bull market.

For an investor to attain $1,000,000 with Shiba Inu at $0.00008, they must be holding 12.5 billion Shiba Inu tokens worth $344,750 today. This pricy initial capital requirement contrasts the trend in 2020/2021 when many made millions from SHIB with less than $10,000.

Among the crypto commentators expecting Shiba Inu soon at $0.00008 are Shiba Inu ecosystem official Lucie and well-known market analyst Javon Marks.

SHIB Making Millionaires at $0.00014

Shiba Inu eventually canceling another zero to trade at $0.00014 would mark another unprecedented event. To attain this point, SHIB must surge 407% from its current market value.

Interestingly, this projected percentage growth is within reach for Shiba Inu this bull season. The asset flashed its capacity for such growth last month when it re-entered into the top ten rankings.

Notably, a Shiba Inu millionaire at $0.00014 must have stocked at least 7.14 billion SHIB tokens. As of today, this portfolio demands a capital of $197,000.

Crypto market analyst and educator Rafaela Ligo recently observed Shiba Inu mirroring a pattern from 2021, which resulted in a remarkable 1,164% surge within a month. Ligo projected a potential price point of $0.00014 for SHIB based on this observation.

Similarly, analyst Javon Marks shared a related sentiment when he proposed that SHIB’s journey to $0.0001553 would be smoother after re-entering the $0.000081 level.

Shiba Inu Millionaire at $0.001

Notably, this $0.001 target has the potential to sprout more Shiba Inu millionaires, considering the lower initial capital investment required. Holding 1 billion SHIB tokens, currently valued at $27,580, would make one a millionaire with Shiba Inu at $0.001. 

However, attaining this price point necessitates a 3,525% gain. While this percentage gain appears formidable, Shiba Inu pulled more staggering growth in 2021.

Notably, analyst Armando Pantoja expects this $0.001 price to materialize after the Bitcoin halving. Meanwhile, AI-powered platforms like Gemini (formerly Google Bard) and crypto platforms like Telegaon have argued it could take more than a decade for Shiba Inu to hit $0.001.