As Shiba Inu continues to hover around the lower thresholds of the $0.00001 range, the market presents an opportunity for investors to procure more tokens at a discount.
Yesterday was a challenging day for seasoned Shiba Inu holders, as SHIB touched a new bottom since attaining a yearly high in March. In particular, Shiba Inu hit $0.00001087 on August 5, dangerously close to losing a leading zero.
While this performance caused holders significant angst, it represents a favorable entry point for Shiba Inu admirers. This article examines the quantity of SHIB tokens new buyers could fetch with investments of $1,000, $5,000, and $10,000.
Shiba Inu You Can Buy with $1,000, $5,000, and $10,000
Notably, at press time, Shiba Inu has reclaimed most of the losses from yesterday’s fallout with a 15% rebound. At press time, SHIB hovers around $0.00001345, which is still a dip considering that the asset sold for $0.0000201 last month.
A $1,000 investment would fetch an investor 74.3 million SHIB tokens at its prevailing market value. However, if Shiba Inu sustains its ongoing bullish momentum to reclaim $0.00002, the $1,000 sum would amount to $1,486, representing around 50% short-term profit.
Notably, a higher risk exposure of $5,000 in Shiba Inu would give one a portfolio of 371.75 million tokens. Similarly, a Shiba Inu rebound to the $0.00002 channel would elevate this $5,000 sum to $7,434.
Also, with $10,000, an investor would amass approximately 743.49 million Shiba Inu tokens. By the time SHIB recaptures $0.00002, this investment would have accrued an extra $4,869.
Meanwhile, Shiba Inu dip buyers stand to earn even more substantial returns when considering popular projections by analysts.
Shiba Inu Comeback Targets
Last week, analyst Kerschne identified a key support level Shiba Inu needs to maintain to confirm a rally to $0.000033. In another analysis, market watcher Javon Marks highlighted that Shiba Inu is due for a recovery to the $0.000045 yearly high. Marks projected that the comeback would spark a continuation to new price levels in the $0.00015 range.
At the $0.00015 hypothetical price, $1,000 invested in Shiba Inu today would be worth $11,152, while a $10,000 investment would amount to $111,524.
Overall, the prospect of earning substantial returns from Shiba Inu may be tantalizing to investors. However, it is essential to consider the potential impact of Bitcoin’s performance on Shiba Inu’s uptrend. Specifically, if Bitcoin exhibits more bearish volatility, it could delay Shiba Inu’s ascent.
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.
