Individuals investing $1,000 today in Shiba Inu may set a two-decade timeline to realize a return of $1 million from SHIB.
Shiba Inu investors are shouldering significant losses as SHIB plunged to $0.0000173 earlier today. This low price was last seen in late February, shortly before the explosion to the three-year high.
Essentially, most market participants who engaged with SHIB before the start of the last bullish wave are underwater. Meanwhile, many market watchers previously projected the this downturn. Accordingly, they urged enthusiasts to see these low values as an attractive buy zone before the next bullish wave.
With this optimism, individuals committing $1,000 into the Shiba Inu market today with a long-term perspective may be curious to know when their investment could be worth $1 million. This is due to multiple accounts of individuals who turned a few hundred dollars into multimillion-dollar fortunes by investing in SHIB.
When $1,000 Shiba Inu Can Become $1M
At press time, Shiba Inu hovers around $0.00001807. A $1,000 investment can amass 55,340,343 SHIB tokens at the current price.
For this investment to make one a millionaire, Shiba Inu must cancel three leading zeros to trade at $0.01807. Emphatically, Shiba Inu must surge by 99,900% for this price level to become a reality.
Looking back at its history, Shiba Inu has seen an even more domineering upsurge. The Crypto Basic reported that SHIB’s rally post-2020 halving was over 884,300% increase.
Moreover, at its current value, market data sourced by CoinMarketCap indicates that Shiba Inu’s gains since its launch in August 2020 stand by as much as 1,353,726%.
However, while SHIB canceled six zeros within a year between 2020 and 2021, the likelihood of a similar occurrence is low. As a result, well-known prediction portals like Telegaon and Changelly have suggested Shiba Inu could cancel three more zeros in sixteen years.
Specifically, Telegaon projected a higher $0.054 value for SHIB by 2040. In other words, people investing $1,000 today can expect a two-decade timeline to cash out $1 million from Shiba Inu.
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.
