Investors holding 50 million, 100 million, or 500 million Shiba Inu tokens will record significant gains if SHIB surges to a lofty target of $0.000528.
The broader market collapse has continued to have a bearish impact on Shiba Inu’s (SHIB) performance, triggering a massive fall below the $0.000015 threshold.
At press time, SHIB trades at $0.00001466 per token, representing a decline of 6.3% over the past 24 hours. Similarly, SHIB has witnessed a decrease of 14.65% in the weekly charts. Additionally, the dog-themed token has plunged 10.9% since the beginning of August 2024. Shiba Inu’s bearish performance in August follows a 7.47% loss recorded in the previous month, according to data from CryptoRank.
SHIB’s Potential Rally to $0.0005
Despite the recent plunge, market watchers are still optimistic about a potential price increase for SHIB. Multiple projections suggest that the token could surge to the $0.0005 threshold in the future.
Earlier this month, The Crypto Basic forecasted that SHIB could rally to $0.000528 if it maintains its correlation with Ethereum and ETH hits a target of $100,000.
Notably, the research arm of crypto trading platform Changelly forecasted that SHIB would not reach the $0.0005 territory until 2033. Interestingly, leading artificial intelligence (AI) chatbot Google Bard (now Gemini) expects SHIB to hit the $0.0005 mark sooner between 2025 and 2026.
To reach the $0.000528 mark as projected by The Crypto Basic, Shiba Inu must rally 3,501% from its current price of $0.00001466.
Worth of 50M, 100M, or 500M SHIB If Price Hits $0.000528
Based on these projections, we recently analyzed how much a holding of 50 million, 100 million, or 500 million SHIB will be worth if Shiba Inu eventually hits the ambitious target of $0.000528.
The good news is that the recent market downturn presents an opportunity for investors to acquire SHIB at discounted prices.
Therefore, with Shiba Inu priced at $0.00001466, 50 million SHIB is currently worth $733. Interestingly, if the price of SHIB increases to $0.000528, the value of these 50 million tokens will increase to $26,400.
In addition, investors can acquire 100 million SHIB at $1,466 today. If the price of SHIB surges to $0.000528, the value of these 100 million tokens would potentially increase to $52,800.
Furthermore, purchasing 500 million at the current price would cost an investor $7,330. However, if SHIB successfully hits the $0.000528 mark, the value of these 500 million Shiba Inu tokens would increase to $264,000.
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.
