With Shiba Inu’s recovery attempt losing steam, we’ve highlighted the potential timelines for growing the value of a 100 million SHIB portfolio to $1 million.
Shiba Inu’s recovery from this month’s devastating collapse has stalled over the past few days. After SHIB dropped to $0.00001031 on April 7, it bounced back to the $0.000012 price mark a few days later.
While many expected SHIB to continue its recovery and aim for lofty targets like the $0.00002 mark, SHIB has remained stagnant at around $0.000012.
Investors Remain Confident About Becoming Millionaires Via SHIB
This underperformance has put many SHIB investors in losses, with 85.5% of all Shiba Inu on-chain addresses holding a whopping 842.2 trillion tokens at a loss.
Despite this, investors have continued to believe in SHIB’s prospects. This is reflected in 77% of all Shiba Inu blockchain addresses holding the coin for more than a year, according to IntoTheBlock’s data.
In contrast, 21% of all addresses have been holding for between 1 and 12 months, while a small fraction, 2%, are short-term holders, holding for less than 30 days.
Nonetheless, investors are still bullish on SHIB’s prospects, with some anticipating becoming millionaires in U.S. dollars through investments in Shiba Inu.
Recall that SHIB made this dream a reality for many during its early days, particularly in the 2020/2021 bull market. Therefore, many speculate that SHIB could repeat history and elevate them to millionaire status.
Turning 100M SHIB to $1M
Based on this wave of confidence, we estimated how long it would take for a 100 million SHIB purchase to grow into a $1 million holding.
As of 6:56 a.m. (UTC) on April 19, SHIB was trading at $0.00001219, with a market cap of $7.18 billion. At the current price, investors must commit a capital of $1,219 to scoop up 100 million SHIB tokens.
If Shiba Inu rises to a price target of $0.01 or one cent, the portfolio of 100 million SHIB tokens would be worth $1 million. However, hitting the highly ambitious one-cent dream requires a hefty surge of 81,934% from the current price.
A price target of $0.01 would put Shiba Inu’s market cap at $5.89 trillion, assuming there are no changes to SHIB’s circulating supply of 589.25 trillion.
Potential Timeline for 100M SHIB to Turn into $1M
As mentioned above, holding 100 million SHIB purchased today can turn into $1 million when Shiba Inu trades at $0.01 per token. Despite how ambitious this target is, several experts believe it is realistic.
Leading crypto trading platform Changelly indicates that SHIB will reach the $0.01 milestone by January 2050, 25 years from now. Experts at the exchange set SHIB’s minimum target for this period at $0.0103, an average price at $0.0109, and a maximum target at $0.0127.
Interestingly, the team behind the Shiba Inu ecosystem believes that SHIB would clinch the $0.01 target. However, it believes patience is key in actualizing the target, as investors should not expect SHIB to rise to $0.01 overnight.
Luis Delgado (Del Crxpto), a popular community expert, suggests that SHIB’s potential surge to $0.01 is attainable. The expert emphasized that cryptos have demonstrated over the years that nothing is impossible.
Moreover, famous Bitcoin enthusiasts Yazan and Jason Williams speculated that SHIB will surpass the highly ambitious $0.01 target in this 2025 bull cycle. Interestingly, they expect SHIB to soar to an ambitious target of $0.05 before the end of this year.
Further, the popular AI chatbot ChatGPT estimates a 75% probability that SHIB will surpass the $0.01 threshold to $0.0194 by 2050 and highlights a 60% chance of SHIB reaching the feat as early as 2040.
Can SHIB Reach $0.01?
While most experts are optimistic about SHIB’s potential rise to the $0.01 target, Shiba Inu’s hefty supply could hinder this possibility.
Shiba Inu has a circulating supply of 589.25 trillion SHIB, implying that its market cap will rise to $5.89 trillion if the $0.01 target materializes. This exceeds the current valuation of the total crypto market cap, which currently stands at $2.69 trillion, making the $0.01 target highly improbable.
Therefore, the only path toward achieving this milestone is drastically reducing Shiba Inu’s supply through burns and driving adoption upwards.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
