Market participants who commit $1,000 to Shiba Inu today could witness their investments skyrocket to substantial heights if SHIB reaches $0.0003 or $0.003.
Shiba Inu currently changes hands at $0.00002240, down 75% from its all-time high of $0.00008845 and 51% from the yearly peak of $0.00004567 attained two months back. While SHIB collapsed 27% last month and now trades flat this month, this bearish momentum is not unique.
An Accumulation Trend
Notably, the broader crypto market is also witnessing a similar downtrend, with prices collapsing to two-month lows. Despite the downward push, investors remain confident that a recovery would ensue. As a result, most of them have leveraged this downtrend as a buy-the-dip opportunity.
Earlier this month, The Crypto Basic called attention to the accumulation of a whopping 1.75 trillion SHIB tokens by a giant whale, scooped from U.S.-based trading platform Robinhood. Last month, another whale address procured 237 billion Shiba Inu following the break of a symmetrical triangle.
This accumulation trend is sustained by the confidence that prices will recover, with some projections expecting Shiba Inu to breach its ATH and hit the price levels at $0.0003 and $0.003 someday.
$1,000 Worth if Shiba Inu at $0.0003 and $0.003
Due to the price surge required to reach these targets, a trader who commits $1,000 at the current price could see his investment reach substantial heights if the price levels become a reality. For context, $1,000 invested in Shiba Inu today would procure 44,642,857 (44.6 million) tokens. This demonstrates how undervalued SHIB is at the current price.
If Shiba Inu breaks out of this downtrend and clinches the $0.0003 price level, the 44.6 million tokens would see their worth soar to $13,392, representing returns of $12,392 and a massive ROI of 1,239%. Meanwhile, a rise to the $0.003 price will take the value of these SHIB tokens to $133,928, marking a $132,928 profit.
Projected Timelines for Shiba Inu to Hit $0.0003 and $0.003
While hitting these targets could be challenging for Shiba Inu, crypto exchange resource Changelly recently projected timelines for it to hit them. According to Changelly’s analysts, SHIB could breach $0.0003 and clinch a maximum price of $0.000303 in September 2030.
In the same article, the analysts predict a trajectory that would see Shiba Inu soar to greater heights as the years progress. They expect SHIB to clear one more zero by January 2040 but only see it reaching the $0.003 price territory in February 2040, where it is expected to trade at an average price of $0.00317.
Meanwhile, in January, The Crypto Basic queried AI chatbots Google Bard and ChatGPT on the prospect of Shiba Inu reaching $0.0003 and $0.003. Google Bard predicted that SHIB might hit $0.0003 in 2 years and $0.003 in 20 years. To ChatGPT, $0.0003 could take four to five years, and $0.003, seven to ten years.
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.