How 100 million Shiba Inu tokens could help you retire early if SHIB’s price hits $0.001 or $0.01 in the future.
Many people dream of early retirement before age 65 to enjoy life to the fullest. To achieve this dream, they tend to invest in volatile assets like crypto, which has the potential to give massive returns within a short period.
Shiba Inu Proves to Be a Suitable Asset for Early Retirement
Over the years, some cryptos, such as Shiba Inu (SHIB), have proven that they can help investors retire early. For context, SHIB’s price surged by a whopping 27,000,000% in 10 months between January 2021 and October 2021, according to an Arabian Business report.
Stories of how Shiba Inu turned many average income earners into overnight millionaires were shared widely across the industry.
Although Shiba Inu has not been able to replicate its 2021 performance, several investors have remained confident in the asset’s potential to grant them early retirement.
SHIB Projected to Hit $0.001 or $0.01
This confidence is backed by the optimistic targets set by market watchers, who expect SHIB’s price to reach $0.001 or $0.01 in the upcoming altcoin season.
SHIB to $0.001
Hitting the $0.001 would see SHIB set a new all-time high (ATH) record. Recall that SHIB’s previous ATH was recorded on October 28, 2021, when its price rose to $0.00008845. The $0.001 target requires SHIB to surge 1,030% from its previous ATH.
Nonetheless, crypto experts still think SHIB could hit the target in its lifetime. In particular, top Bitcoin investor Armando Pantoja predicted that SHIB could hit the $0.001 target in the 2024/2025 market cycle.
On the contrary, Changelly experts asserted that SHIB will not attain the $0.001 level until January 2040, 26 years from today. To reach the target, SHIB must surge 5,149% from its current price of $0.00001905.
SHIB to $0.01
The one-cent or $0.01 dream is an audacious target that requires SHIB to rally significantly. At the current price of $0.00001905, SHIB must surge by a whopping 52,393% to hit the 1-cent dream.
While many speculated that Shiba Inu could not achieve the 1-cent dream in its lifetime due to its enormous circulating supply, Luis Delgado (Del Crxpto) believes that the $0.01 target is achievable. Moreover, Changelly experts see SHIB reaching $0.01 in July 2040, six months after its price surges to $0.001.
How Much SHIB Needed to Make $100,000 and $1 Million at $0.001
With several experts confident that SHIB could surge to $0.001 or $0.01 in the future, we have analyzed how much SHIB you need to hold to retire early if these targets materialize.
It bears mentioning that people have different retirement goals. While some plan to retire when they make $100,000, others will only retire once they become millionaires ($1 million and above).
For the purpose of this article, we will highlight how much SHIB you need to hold to make $100,000 and $1 million. With 100 million SHIB, an investor can make a return of $100,000 and $1 million when SHIB hits $0.001 or $0.01, respectively.
The good news is that investors can take advantage of SHIB’s low price to acquire the tokens for a discount. At press time, 100 million SHIB tokens cost $1,905, with a token currently trading at $0.00001905.
Notably, investors looking to retire when they make a return of $100,000 can sell their holdings at the $0.001 price level. Conversely, investors who plan to retire early when they become a millionaire can do so when the asset’s price hits $0.01.
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.
