Shiba Inu investors might need modest to higher SHIB tokens to make returns of $1M, $5M, or $10M if SHIB hits a $1T market cap, as Kusama projected.
Shiba Inu and other major assets are currently enjoying the relief rally witnessed across the broader market. Shiba Inu’s price has soared 5.5% over the past seven days to $0.00001787. In addition, SHIB has also witnessed a 24-hour growth of 4.46%, with its daily volume currently standing at $480.81M.
Shiba Inu is ranked as the 13th-biggest cryptocurrency at the time of writing, with a market cap of $10.52B.
Kusama Aims to Make SHIB the First Trillion-Dollar Decentralized Entity
It bears mentioning that Shiba Inu remains one of the best-performing cryptocurrencies of all-time. According to Arabian Business magazine, Shiba Inu rallied over 27,000,000% between January 2021 and October 2021, hitting an all-time high of $0.00008845 on October 28, 2021.
Despite this remarkable performance, Shiba Inu’s lead developer, Shytoshi Kusama, believes SHIB is still a puppy. This comment suggests that SHIB could still attain greater heights as it matures into a full dog.
During an interview with Arabian Business, the Shiba Inu leader asserted that the aim of the ecosystem team is to make SHIB the first trillion-dollar decentralized entity globally.
SHIB Price If It Reaches $1T Market Cap
Shiba Inu’s potential spike to a $1T market cap would position the token as the second-biggest cryptocurrency after Bitcoin. At press time, Bitcoin boasts a valuation of $1.31T.
According to a recent analysis, Shiba Inu could trade at $0.001697 per token if it eventually hits a market cap of $1T, assuming its circulating supply of 589.27T tokens remains stable.
To reach the $1T market cap, SHIB would have to rally 9,402% from its current valuation of $10,523,000,846 ($10.52B).
SHIB Needed to Make $1M, $5M, and $10M If Shiba Inu Reaches $1T Market Cap
Amid the plans to make SHIB a trillion-dollar decentralized entity, we’ve highlighted the number of Shiba Inu tokens needed to generate a return of $1M, $5M, and $10M if this prediction materializes.
$1M Goal
Many Shiba Inu investors are looking forward to making their first $1M via the popular dog-themed token. Notably, investors must hold at least 589,275,191 (589.27M) SHIB tokens to make a return of $1M if SHIB hits a $1T market cap.
At the current price of $0.00001787, these tokens are worth $10,530. Therefore, 589.27 million Shiba Inu tokens purchased today at $10,530 could fetch an investor $1M if SHIB eventually hits a $1T valuation or $0.001697 price per token.
How to Make $5M If SHIB Hits $1T Cap
Investors must hold more Shiba Inu tokens to make a profit of $5M if SHIB hits the projected $1T cap. Achieving this goal requires a holding of 2,946,375,955 (2.94B) SHIB, which can be purchased today at $52,651.
This $52,651 investment will become $5M if SHIB eventually reaches a valuation of $1T or a price of $0.001697 per token.
Making $10M If SHIB Hits $1T
An investor would need to hold more SHIB tokens to amass $10M when SHIB hits the projected market cap of $1T. Specifically, a balance of 5,892,751,915 (5.89B) SHIB is required to make a return of $10M if Shiba Inu eventually hits the $1T market cap, as projected by Kusama.
Currently, these tokens cost about $105,303. Therefore, with 5.89B SHIB, an investor can make a return of $10M if Shiba Inu hits a valuation of $1T.
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.
